Frost & Sullivan has just completed a New Mega Trends analysis to provide companies with the tools to not only identify and evaluate these game-changing trends, but also to translate them into market opportunities for everyday business and personal activities. The results of our analysis have now been collected in a book (published by Palgrave Macmillan) that will be launched next week.
These Mega Trends include:
e-Mobility - By 2020, we will have globally over 45 million annual sales of electric vehicles which will include electric two and four wheelers. 2018 will be the great tipping year for the automotive industry; when electric vehicles replace gasoline-powered vehicles as the heart of their business.
Health, Wellness and Well-being - Sustainability was one of the major trends of the last decade. Health, Wellness and Well-being will be the most important factor of discussion and differentiation in this decade. Healthcare spending will tip over 15% of GDP by middle of this decade (20 to 30% by 2050) and government’s inability to make the necessary investments will lead to a paradigm shift in the concept of healthcare.
Connectivity and Convergence - With over 80 billion connected devices, 9 billion mobile phones, 5 billion Internet users, 5 connected devices for every individual, 10 connected devices for every household and 500 devices with unique digital IDs (Internet of things) per square kilometre, we will pave way to a digital planet by 2020. Connectivity will see wide-spread convergence of technologies, products and even industries.
Planes to Trains: The era of high speed rail - In the next 10 years, we predict huge increases globally in high-speed rail and in the vast white space opportunities it brings with it. All regions of the world, including the Middle East and the laggard United States, will implement high-speed rail in the coming decade. The industry will become global.