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Top Ten Emerging Industries of the Future

  • October 2014
  • -
  • Frost & Sullivan
  • -
  • 194 pages

Summary

Table of Contents

The $20 Trillion Opportunity that will Transform Future Businesses and Societies

This study discusses the evolution of various top-emerging industries, to help them drive growth and innovation in a rapidly changing environment. It targets individuals and businesses with a futuristic vision, and analyses key industries with the potential to grow into bigger markets by 2020; it also indicates how these industries will impact existing product and business lines; and details key challenges and possible threats. It estimates that the future will be characterized with trillion-dollar markets providing firms with newer channels and growth avenues. Furthermore, most emerging industries will be highly technology-driven as software technologies and connectivity become more pervasive in the move towards a smarter and digitalized world.

Executive Summary—Key Takeaways
Top Ten Emerging Industries: Key Takeaways, Global, 2014
1 Widespread automation has eliminated physical and mundane tasks. Companies will have to factor in newer technologies and services, improved connectivity, and advances in analytics to redefine the scope of their work in the future.
2 Policy decision makers and government institutions will look to make use of the rapid development of technology by deploying the Internet of Things to improve their operating and infrastructural efficiencies and to find newer ways of measuring the growth and development of their economies. They will also look to enhance public welfare by providing better education and healthcare facilities.
3 Governments and firms will need to balance utility derived from mass exodus of information with managing privacy by coming up with better regulations, standardizations and controls, as billions of people share information, socialize, and transact through the Internet.
4 By 2020, as software technologies and connectivity become more pervasive, a smart and digitalized world is inevitable: There will be billion smart phone users, 80 billion devices, billion mobile app downloads, billion subscribed location-based services, and an augmented reality market that is expected to be valued at $ billion.
5 Firms will be forced to change their existing business models to adopt a more consumer-centric approach to include quick resolutions and real-time information and price discovery, as expectations of consumers in a digital world will increase.

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