More Related Content
Tech trends2016
- 1. 1© GfK 2016| Tech Trends 2016
- 2. 2© GfK 2016| Tech Trends 2016 Contents Evolving behavior – today’s connected consumers 1 2 3 Driving you forward – 10 tech trends for 2016 Growth from knowledge – turning research into smart business decisions
- 3. 3© GfK 2016| Tech Trends 2016 Evolving behavior – today’s connected consumers
- 4. 4© GfK 2016| Tech Trends 2016 Today’s connected consumers are internet-savvy and digital, motivated by: Evolving behavior Freedom Acceleration Intimacy To succeed, your products and services need to address evolving consumer behavior.
- 5. 5© GfK 2016| Tech Trends 2016 Preparing for tomorrow’s demand by understanding the driving forces and implications for changing behavior today Technology innovation Changing consumer’s needs and behaviors Brand and market evolution In Tech Trends 2016, we point you to the key trends that impact consumer behavior.
- 6. 6© GfK 2016| Tech Trends 2016 INVISIBLE ANALYTICS1 TECH TRENDS 2016 3D PRINTING CONNECTED CAR SMART HOME MOBILE PAYMENTS ARTIFICIAL INTELLIGENCE2 VIRTUAL REALITY3 VIDEO CONSUMPTION4 WEARABLES 5 Driving you forward 8CONNECTED CAR 7SMART HOME DRONES 9 3D PRINTING 10 MOBILE PAYMENTS 6
- 7. 7© GfK 2016| Tech Trends 2016 10 tech trends for 2016
- 8. 8© GfK 2016| Tech Trends 2016 As consumers become increasingly connected, they leave a trail of their interactions with businesses. Businesses and consumers alike will benefit from the sophisticated and sensitive use of it. Data quality not quantity Source: GfK Roper Consumer Life reports 2015, 16% of global consumers cite “personal information getting into the wrong hands” as one of the three things they’re most concerned about from a list of 21, based on the core 20 countries covered in our reports 1 INVISIBLE ANALYTICS Businesses need to adopt an analytical culture In 2015, 16% of consumers were concerned about “personal information getting into the wrong hands” … an increase of 33% since 2013 BACK
- 9. 9© GfK 2016| Tech Trends 2016 With major players including Apple, Facebook and Google investing in this space, AI has the potential to disrupt everything in the coming years – from the lives of connected consumers to every industry. The race to harness artificial intelligence 2 ARTIFICIAL INTELLIGENCE (AI) Speech recognition Improving technology Sophisticated software Machine learningDigital assistants of the future Al – an alternative route for brands to reach consumers with convincing and relevant messages BACK
- 10. 10© GfK 2016| Tech Trends 2016 As VR gains attention within the gaming industry, this will drive appetite for applications beyond entertainment. This could result in VR penetrating industries such as travel, retail and education in the near future. A “teleporter” to everywhere and everyone 3 VIRTUAL REALITY (VR) Education Opportunity to create engaging VR experiences including but not limited to Travel Retail … Will awareness and familiarity be enough to drive appetite among mainstream connected consumers? Architectural design BACK
- 11. 11© GfK 2016| Tech Trends 2016 Video is booming and digital is becoming the go-to channel on which to enjoy it. From short clips on social media to streaming movies, it seems the connected consumer will view video content on any platform and at any time. Online video – the age of the small screen Source: GfK Home Technology Monitor™, 2015 Ownership and Trend Report, 3,000 households surveyed in the USA 4 VIDEO CONSUMPTION In the US, more than one half (54%) of people have an internet connected TV Opportunity to utilize data to target content creation, distribution and Interaction more accurately BACK
- 12. 12© GfK 2016| Tech Trends 2016 Despite high-profile launches, high-end smartwatches have failed to have big market impact, while health and fitness trackers have seen healthy sales. As key barriers are addressed, uptake of higher-end devices is likely to increase. Where are the wearables? Source: GfK Trends and Forecasting, December 2015, wearables forecast (excludes connected watches) 5 WEARABLES Smartwatch sales are expected to increase 87% from 2015 to 2016. Have style appeal Collect and process data accurately and efficiently Offer compelling new use cases Be invisible and work seamlessly with other tech For increased adoption, wearables need to BACK
- 13. 13© GfK 2016| Tech Trends 2016 The global mobile payments market is complex. Incumbent payment mechanisms are entrenched in many mature markets and are proving difficult to supersede. In contrast, a number of African and developing Asian markets have gone straight to mobile payments. Around the world in 80 mobile payments Source: GfK FutureBuy study, October 2015, 6 markets 6 MOBILE PAYMENTS Future of mobile payments Location- based offersRewards Discounts 1 Communi- cating the benefits of convenience & customized incentives Only 16% of US consumers like to pay using their mobile when in store compared to 58% in India BACK
- 14. 14© GfK 2016| Tech Trends 2016 The smart home is gaining traction among connected consumers. Yet for homes to be smart they must also be simple and seamless. With the market fragmented, collaboration and consumer education will be key to accelerate demand. The home is getting smart(er) Source: GfK smart home study, October 2015, +7,000 consumers, markets covered: Brazil, China, Germany, Japan, South Korea, UK, US 27% of consumers … 52% of Leading Edge Consumers (LECs) … own at least one smart home product or device 7 SMART HOME The smart home will become smarter incrementally Convenience & seamlessness are key BACK
- 15. 15© GfK 2016| Tech Trends 2016 The connected car concept isn’t new, but it’s only with the proliferation of smartphones in the last five years that in-vehicle connectivity has taken off. As connectivity becomes more sophisticated, so will features in the connected car. On the road to the connected car 8 CONNECTED CARS Data privacy Inno- vation New entrants Market nuances Partner- ships Sensitivity to data privacy is critical! BACK
- 16. 16© GfK 2016| Tech Trends 2016 Despite the media attention, drones are not new. But with improvements in technology and falling costs, there is a real opportunity for these unmanned aerial vehicles to evolve from a hobbyist market into a mainstream technology. The Game of Drones Source: GfK Point of Sales Tracking, sales of drones (those with video functionality only), October 2015, 12 markets: Germany, Poland, Russia, Switzerland, Belgium, Italy, Netherlands, United Kingdom, Portugal, Spain, Austria, France Drones will be a catalyst to reduced cost and increased efficiency 9 DRONES In Europe, more than 20% of the drones… …were sold with “follow me” functionality in October 2015 BACK
- 17. 17© GfK 2016| Tech Trends 2016 Mobile payments Smart home technology 3D printing Cloud company and storage Wearable technology Driverless cars/autonomous driving The Internet of Things Connected car Virtual/Augmented reality Smart cities Machine to machine technology 3D printing is becoming cheaper and, as prices fall, it is increasingly accessible to both consumers and businesses. Appetite from the connected consumer will be key in growing its disruptive forces. The future in 3D Source: GfK smart home study, October 2015, +7,000 consumers, markets covered: Brazil, China, Germany, Japan, South Korea, UK, US 10 3D PRINTING From mass production to tailor-made products locally …consumers believe will impact their lives in the near future: TECHNOLOGIES… 55% 50% 41% 35% 33% 29% 26% 24% 24% 38% 14% BACK
- 18. 18© GfK 2016| Tech Trends 2016 We can see similarities throughout the trends – the “Four Cs” of Tech Trends 2016 Technology is a dominate force across every industry Confidence Communicate Collaborate Capitalize
- 19. 19© GfK 2016| Tech Trends 2016 The connected consumer Understanding the driving forces and implications for changing behavior today helps you shape your future We help you connect with the connected consumer We are GfK and we know the connected consumer. INVISIBLE ANALYTICS 1 CONNECTED CAR SMART HOME MOBILE PAYMENTS ARTIFICIAL INTELLIGENCE 2 VIRTUAL REALITY 3 VIDEO CONSUMPTION 4 WEARABLES 5 8 7SMART HOME DRONES 9 3D PRINTING 10 6
- 20. 20© GfK 2016| Tech Trends 2016 Growth from knowledge – turning research into smart business decisions
- 21. 21© GfK 2016| Tech Trends 2016 We combine our industry expertise and research skills to give you relevant insights Industry expertise Consumer goods Energy Fashion & lifestyle Financial services Health Industrial goods Media & entertainment Public services Retail Technology Travel & hospitality Automotive Research/ technology Brand & customer experience Digital marketing intelligence Shopper User experience (UX) Point of sales tracking Audience measurement Mobile and location insights Social media intelligence Supply Chain Management Insights Geomarketing Mystery Shopping Market opportunity & innovation
- 22. 22© GfK 2016| Tech Trends 2016 Keep up-to-date with the latest market trends Twitter LinkedIn YouTube Facebook http://www.gfk.com/industry-newsletter/Newsletter Follow us on our digital channels and sign-up to our newsletter
- 23. 23© GfK 2016| Tech Trends 2016 Passion, creativity and expertise for our clients across the globe Best practice solutions Customized solutions and advanced research tools Big data & smart analysis Linking multiple sources of data for deeper insight and more informed decision-making Global network Global expertise and knowledge exchange plus local know-how Deep industry knowledge Industry specialists who under- stand your customers and the challenges affecting your sector Qualitative specialists International qualitative experts working with clients Thought leaders Innovative thinking, insight and opinion from our experts
- 24. 24© GfK 2016| Tech Trends 2016 GfK. Growth from Knowledge Trusted for quality – for more than 80 years We are the trusted source of relevant market and consumer information 13,000+ passionate experts We deliver globally vital insights into local markets in 100 countries Thought leader in the industries we serve … enable our clients to create winning strategies to enrich consumers’ lives.
- 25. 25© GfK 2016| Tech Trends 2016 About GfK GfK is the trusted source of relevant market and consumer information that enables its clients to make smarter decisions. More than 13,000 market research experts combine their passion with GfK’s long-standing data science experience. This allows GfK to deliver vital global insights matched with local market intelligence from more than 100 countries. By using innovative technologies and data sciences, GfK turns big data into smart data, enabling its clients to improve their competitive edge and enrich consumers’ experiences and choices. Contact: TechTrends2016@gfk.com
Editor's Notes
- #2 GfK presents Tech Trends 2016 – your guide to understanding the future connected consumer
- #3 Let’s first speak about the challenges you are facing today in an increasingly complex market which is driven by continual innovation of technology Then, we’ll look at our 10 key trends for 2016 – areas where you need to focus to understand how technology will impact consumer behavior and, ultimately, your business strategy. And, last but not least, we’ll show you our capabilities and provide examples of how we empower our clients – you – to make smarter business decisions.
- #5 We are currently in a transitional period – there is an in-between generation – brought up in the old world but well adapted to the new one…..internet-savvy and digital…..the so-called ‘connected consumers’. In their daily lives, these consumers are motivated by: Freedom - which is enabled through higher levels of convenience Acceleration - speed of change has substantially increased, and will continue to do so Intimacy - human connection is more valued and more sought after. Think about your markets, consumers and brands in this context – to succeed in this transitional period and beyond, your products and services need to address the evolving consumer behavior. We at GfK are connecting consumers and businesses. With the strong belief that consumers’ needs and requirements drive market and brand evolution, we make the voice of the consumer heard. We enable our clients to create winning strategies to enrich consumers' lives.
- #6 This flow chart shows how technology is the starting point for changing consumer needs and behaviors, which subsequently informs how brands change and develop their strategies. This then effects how the overall market evolves. As such, it’s important for brands to get insights into how technology is transforming our world. These insights help shed light on evolving behavior. Market and brand evolution are driven by consumer’s needs – what they deem to be beneficial and relevant for them. In Tech Trends 2016, we point you to the key trends that impact consumer behavior.
- #9 As consumers become increasingly connected, they leave a trail of their interactions with businesses More organizations are utilizing the large data sets they collect from their consumer interactions and doing so in more sophisticated ways Invisible analytics is about maximizing more of that data and converting it into meaningful innovation and insights as a basis for better business decisions Benefits: provides crucial competitive advantage, improves return on marketing investment and supports new product development Artificial intelligence and machine learning will have a pivotal role to play in making sense of the weight of data, filtering it to deliver the right information to the relevant person exactly when it’s needed Organizations need to use their clever analysis with caution, however. The way that data is used in marketing activities, for instance, needs to be seamless, not spooky Businesses need to adopt an analytical culture but if they overstep the mark, they risk putting off consumers; if they overstep what the consensus deems to be acceptable behavior, we could see more legislation to protect consumers.
- #10 The ultimate AI recreates the human thought process. A man-made machine, it has our intellectual abilities: learning, reasoning, using language and formulating original ideas This is a long way off But early forms of AI based on machine learning are increasingly infiltrating our lives – think Siri, Google Now, Cortana and Amazon Echo. In 2016, we expect AI assistants to take the significant step of evolving beyond smartphones, enabling connected consumers to have their personal assistant at home and on the move - offering alternative route for brands to reach consumers. Machine learning is already a big part of Apple’s “intelligent assistant” Siri and there’s evidence to suggest that the company is investing heavily in this space, albeit quietly Speech recognition is also a key focus in AI Brands need to be monitoring and assessing the market impact of this advancing technology. For connected consumers, AI presents even more opportunities for brands to reach them with relevant messages and recommendations. For brands, there is the chance for a dialogue with consumers that builds trust.
- #11 2016 is going to be big for VR in the gaming industry, with launches of head-mounted displays from big brands in the space. Sony, Valve, HTC and Facebook are among those leading the way in creating VR content for gaming platforms. Estimates suggest a $2.8 billion global VR hardware market by 2020, with head-mounted displays (HMDs) for gamers leading the charge (Source: business Insider UK, The Virtual Reality Report, April 2015) The gaming market won’t be limited to first-party HMD manufacturers; third parties are already working on accessories that increase the perception of immersion via haptic feedback – e.g. gloves Beyond gaming, travel brands such as Marriott and Qantas Airways, and retailers such as ASOS, are experimenting with the technology to offer consumers promotional, exciting experiences. Applications in business include architectural design, home and office space planning, and rapid prototyping in product development and engineering With this technology in its early stages focused on gamers, it’s still unclear if awareness and familiarity will be enough to drive appetite among mainstream connected consumers. Brands need to monitor the success of HMD headsets in 2016 and beyond, and be poised to respond if the consumer reaction is positive.
- #12 Consumption of video is growing faster than anyone anticipated and online is becoming the go-to channel on which to enjoy it. Consumers are turning to over-the-top (OTT) delivery platforms, streaming services and social media to curate their own personalized viewing mix This is causing disruption to the traditional free and pay TV distribution models. Video consumption is increasingly migrating to smartphones, particularly among Millennials and pre-teens Increasingly, this audience is engaging with video advertising on their smartphones too, and brands are maximizing the opportunity to use this platform to engage with them in this highly personal and targeted way With so much video content being consumed, it is becoming more important to understand audience behavior The vast amount of video consumption online is leaving a data trail for media owners and brands alike These organizations have an opportunity to use this information to target content creation, distribution and interaction more accurately.
- #13 What will it take for wearable devices to go mainstream? If wearables are to become a part of more consumers’ lives, we believe 4 elements need to be addressed: Invisible and seamless - being able to incorporate your wearable device into an existing personal technology ecosystem is going to be fundamental to market take-up Style and substance - some fashion brands have spotted this opportunity and, recognizing they lack the technical know-how to make their own wearables, have instead opted for partnerships. The next step in the style stakes will be “made-to-fit” clothing and medical devices. Accurate and efficient data collection, storage, processing and reporting - As sensor technology improves, the quality of the data output from wearables will become more reliable and accurate. Stored in the Cloud, this information will become contextual and actionable for consumers. Compelling new use cases - we believe the use of distinctive, tailored characteristics will provide a link to the individual We predict that innovation will focus on creating smarter ways to interpret the data collected using wearables. It is the processing, analysis, interpretation and delivery of the personal information that holds the key to success.
- #14 While the concept has existed for over 10 years, the mobile payments market is only really evolving now While emerging markets like Kenya are already using their mobile to communicate with their banks, some developed markets are showing a slower uptake of the latest mobile payments technology. In the UK and US, for example, the challenge is that only a small number of high-end handsets are enabled for “tap and pay”. This is something that Visa, Google, Apple and Samsung, in particular, are investing in heavily. We expect to see a shift towards Payments 2.0 in the US – a move to value-added services including rewards, shopping lists, discounts and location-based offers. What is certain is that overcoming security concerns and technical issues, while simultaneously communicating the positive consumer benefits of convenience, customized incentives and loyalty rewards, will be a key focus for retailers everywhere in 2016. Over the coming 12 months, a key focus for retailers will be overcoming security concerns and technical issues, as well as offering positive consumer benefits.
- #15 What is certain is that overcoming security concerns and technical issues, while simultaneously communicating the positive consumer benefits of convenience, customized incentives and loyalty rewards, will be a key focus for retailers everywhere in 2016 The current challenge for manufacturers is that consumers still know little about the smart home and its capabilities The lack of consumer knowledge of the potential of the smart home means that at present its adoption is piecemeal/incremental In addition, the slow speed of take-up is because the market has been tech rather than consumer-led The current situation means that, for now at least, homes will become smart by increment rather than by design as appliances and devices are replaced over time with newer “smart” models To realize the opportunities of the smart home competitors will need to collaborate and unusual partnerships will be formed Critically, the technology must be simple and seamless. Success will come when organizations work together to deliver the positive user experience that home owners crave
- #16 While many luxury vehicles already have large displays, and this trend is set to continue This growth in display technology is already opening doors for an increasing number of consumer electronics technology businesses and startups Understanding the needs and desires of customers in specific markets and tailoring in-car apps and services to meet them will be key to getting them to pay more for connectivity With increasingly sophisticated technology coming online and new business models emerging that are helping to fuel further investment in developing the technology, fresh challenges are coming to the fore such as data privacy As OEMs seek to promote more features and push targeted advertising via in-car displays, they will need to use more customer data Consumers understand the need to surrender their data to these brands and value what they get in return - the automotive industry needs to clearly communicate the value to its customers of them sharing their data Technological advancements will continue to provide greater opportunities for non-automotive companies to enter the field. However, having a clear understanding of the automotive industry will be essential to making this transition
- #17 With their wide-ranging applications, the drone market is on an upward trajectory More brands are entering the space: GoPro is set to launch a quadcopter in 2016 Facebook and Google want to use drones to expand the internet’s reach Amazon and Google looking how they can be used for deliveries Today’s drones aren’t without their challenges: Limited “sense and avoid” technology Lack of night vision Short battery life Businesses will increasingly use drones to meet the high expectations of connected consumers looking for a better, more seamless service across numerous industries For businesses, drones will be a catalyst to reduced cost and increased efficiency But there’s a long way to go and progress in this market rests largely on the evolution of automation technology Without automation there can be no drone presence in urban areas – which means no deliveries, and no standards for drone flying technology
- #18 This market has huge potential, and appetite from the connected consumer will be key in growing its disruptive forces. As more players enter the 3D printing market, B2B needs will be met by both distributors and IT/office dealers As an emerging technology, cost is a major barrier to take-up for both business and consumers, but as costs fall and price becomes less of an obstacle, the benefits will become more obvious and prominent: lower assembly costs reduced waste minimal transport and delivery charges increased speed at which new designs can be brought to market Manufacturers and designers will need to trademark, patent and copyright their intellectual property to avoid their latest designs going “viral” and appearing “in print” overnight 3D printing market could enable a seismic shift from today’s “historical” model of mass producing standardized items to producing tailor-made products locally A major beneficiary of these more efficient and green supply chains will be the environment
- #19 Confidence – consumer confidence is key to brand trust Communicate – your communication must be pitch perfect Capitalize – capitalize on customer enthusiasm and appetite Collaborate – be prepared to embrace unexpected collaborations
- #24 We draw on a team of local consultants to support your teams, backed by the scale of a top-five global “pure play” research firm: You get global standards, platforms and compliance with local market understanding. We continuously bring innovative offerings to all of our clients across a diverse range of businesses and issues: solutions, methodologies, technologies and deliverables. We use hypotheses-driven design and powerful analytics (while never black boxed) to provide focused solutions that integrate secondary, syndicated, qualitative and quantitative data. We bridge the gap from research insights to actions through powerful storytelling, innovative data delivery and action oriented workshops.
- #25 In a nutshell, this is what GfK is all about: In a digitized world, we are the trusted source of relevant market and consumer information that empowers you to make smarter decisions. As thought leaders in our industry, we have a deep understanding of consumer experiences and choices. We are more than 13,000 passionate experts with more than 80 years of data science experience and German heritage. We deliver globally with vital insights into local markets in 100 countries. Through innovative systems and partnerships, we integrate on- and off-line data to support Growth from Knowledge. Our goal is simple: Enable you to create winning strategies to enrich consumers’ lives. We turn research into business opportunities.
- #26 Got any questions? Please contact: TechTrends2016@gfk.com