|By PR Newswire||
|July 29, 2014 10:10 PM EDT||
AUCKLAND, New Zealand, July 29, 2014 /PRNewswire/ -- Mega trends are defined as transformative, global forces that define the future world with their far reaching impact on business, societies, economies, cultures and personal lives.
Frost & Sullivan's report, 'World's Top Global Mega Trends To 2025 and Implications to Business, Society and Cultures' identifies 12 of these trends that will drive growth and innovation in the world; Urbanisation Bricks & Clicks, Future Infrastructure Development, Smart is the New Green, Innovating to Zero, Health, Wellness and Wellbeing, Social Trends, New Business Models: Value for Many, Future of Mobility, Connectivity and Convergence, Beyond BRIC :The Next Game Changers, Future of Energy.
Manoj Menon, Senior Partner and Asia Pacific Managing Director, Frost & Sullivan says, "Society as the centre of all businesses, and how the society in turn is a driving force in shaping businesses today. Mega Trends have diverse meanings and impacts for different industries, companies, and individuals. Analysis of these mega trends and their implications forms an important component of a company's future strategy, development, and innovation process, and impacts product and technology planning. It is important for any company or stakeholder in the market to understand and perceive changes that would arise from these futuristic forces of development and identify opportunities."
Urbanisation and economic development are pushing the growth of megacities, particularly in developing economies. The top 25 cities in the world today account for half of the world's wealth. By 2020, we will see the vast development of 'Mega Cities', 'Mega Regions' and 'Mega Corridors'. Over 60% of world's population is will live in cities that are networked and integrated. Smart Cities will create huge business opportunities with a market value of USD1.5 trillion by 2020. Smart city market participants will assume one or more of the four main roles in the ecosystem: integrators (the end-to-end service provider); network operators (the M2M and connectivity providers); product vendors (hardware and asset providers); and managed service providers (overseeing management/operation).
The 'Bricks and Clicks' concept will change the face of the retail industry by compelling retailers to transition from having a single/multiple channel to an integrated cross-channel model, merging the digital, virtual and physical into a single model. Menon elaborates, "This integrated channel will become the norm of the future, likely to be deployed by every retailer by 2025. Brick and mortar retailers are already enhancing IT infrastructure and logistics to widen their online presence to tap this growing market. Frost & Sullivan forecasts that online retail revenues will account for nearly 20% of total retail and reach a value of $4.3 trillion by 2025."
Future Infrastructure Development examines areas such as high speed rail, deep sea mining, water and transport infrastructure, whilst 'Green" will be replaced with "Smart" concepts that bring together smart cities, products and technologies.
Innovating to Zero is a radical future concept where the focus and development will shift toward products and technologies with a vision and target of "Innovate to Zero"; bringing social innovation to the forefront. This "Zero Concept" world will have cars with zero emissions, zero accidents and zero fatalities. Cities and buildings will want to be carbon neutral, whilst emerging technologies will strive toward innovating to zero beaches of security, zero accidents, zero fatalities.
Health, wellness and wellbeing are a vital mega trend as public health is becoming unaffordable. "The definition of healthcare will change as economies struggle to afford healthcare costs, which will affect 20 percent of a nation's GDP in a developed world. Focus will shift to mass prevention and diagnoses and to wellness aspects of the mind, body and soul. The age-old model of treating symptoms will give way to more holistic solutions that involve early diagnosis of disease, methods that can predict future ailments, efforts to prevent disease in the first place and ongoing monitoring of patients to ensure medical intervention takes place at an early stage when it is generally cheaper to do so. Private health insurance schemes will change to reward individuals who stay healthy, and the private sector will increasingly sell gadgets, drugs and services that help them do so," explains Menon.
Social trends that are anticipated to effect deep socioeconomic changes in our future society include a heterogeneous society, Generation-Y, women's empowerment in for a She-economy, the rise of the middle class, an aging population and reverse brain drain.
The emergence of a global middle class of 5 billion people by 2020, interconnected via the internet is resulting in the creation of new "value for many" (VFM) business models. Entrepreneurs and businesses will be able allowed a "make one, sell many," concept that will help drive economic growth in the coming decade. The concept implies that businesses can produce and sell the same product or service to the masses in both the developing and developed worlds using either a platform like the internet or through developing an affordable products strategy. The "value for many" business model drives innovation across a whole spectrum of industries, from low-cost flights to low-cost affordable healthcare products for the masses, to selling and scaling your business to the global market from day one.
The future of mobility will see city planning, energy and ICT coming together to define the future. "By 2020, over 90% of cars sold will be connected, car sharing will have 26.2 million members globally and 44 million users will subscribe to telematics based insurance worldwide, states Menon.
By 2020, there will be over 5 billion internet users, with over half of them accessing the internet over handheld tablet devices and 80 billion connected devices worldwide. This connectivity will spread to our daily lives bringing the three silos of work, home and our surrounding environment into one seamless experience termed as 'connected living'. Through the 'Internet of things' in the home, work, and city environments, this Connectivity and Convergence brings about huge opportunities for growth in an eco-system estimated to be worth $731.70 billion by 2020. This market potential offers immense opportunities to telecom, M2M and software vendors; and existing player and new competitors alike will be experimenting with different types of New Business Models to capture a piece of this lucrative pie.
The future of energy will see the energy industry converge with several related industries to develop efficient and environment friendly solutions. Key trends will be the Smart Grid, the future 'Energy Internet', the contribution of shale gas in the U.S. gas supply to surpass 40 percent in the 2030s, deep sea drilling for oil to account for 20 percent of global oil production and technology for deep sea exploration to expand to deep sea mining. Micro grids and energy storage technologies will leverage second life from electric car batteries, and space-based solar power satellites may beam electricity to earth for the first time ever.
"Mega Trends are transformative global forces that will define our future world and its increasing pace of change with their far-reaching impact on business, economy, society, cultures, and personal lives. A critical element of Frost & Sullivan's programme is the 'Macro to Micro' exercise, which entails taking each Mega Trend, creating scenarios, analysing impact to your business, and designing your future strategy for product and technology planning. In this way, the entire ecosystem of the Mega Trend can be understood, and the most important segment of your value chain can be identified, which will redefine businesses' competitive position in the market" finishes Menon.
Manoj Menon presents these visionary insights showcasing the impact of these new Mega Trends as well as highlighting case studies of companies and a roadmap of global opportunities to 2025 in his GIL Keynote session on at GIL 2014 New Zealand (http://gil-events.gilcommunity.com/events/new-zealand/agenda/) at Villa Maria, Auckland on 28th August, 2014. To enquire or register, please email [email protected] directly with your full name, designation and company details.
Globally Frost & Sullivan conducts the Growth, Innovation & Leadership Congress (GIL) across more than 15 countries. More information about our global community is found here: http://gil-events.gilcommunity.com
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies? Contact us: Start the discussion
Corporate Communications – Asia Pacific
P: +61 (02) 8247 8927
F: +61 (02) 9252 8066
E: [email protected]
SOURCE Frost & Sullivan
Containers Expo Blog covers the world of containers, as this lightweight alternative to virtual machines enables developers to work with identical dev environments and stacks. Containers Expo Blog offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. Bookmark Containers Expo Blog ▸ Here Follow new article posts on Twitter at @ContainersExpo
May. 29, 2015 07:00 AM EDT Reads: 1,206
There are 182 billion emails sent every day, generating a lot of data about how recipients and ISPs respond. Many marketers take a more-is-better approach to stats, preferring to have the ability to slice and dice their email lists based numerous arbitrary stats. However, fundamentally what really matters is whether or not sending an email to a particular recipient will generate value. Data Scientists can design high-level insights such as engagement prediction models and content clusters that a...
May. 29, 2015 07:00 AM EDT Reads: 5,150
It's time to face reality: "Americans are from Mars, Europeans are from Venus," and in today's increasingly connected world, understanding "inter-planetary" alignments and deviations is mission-critical for cloud. In her session at 15th Cloud Expo, Evelyn de Souza, Data Privacy and Compliance Strategy Leader at Cisco Systems, discussed cultural expectations of privacy based on new research across these elements
May. 29, 2015 06:00 AM EDT Reads: 3,580
In today's application economy, enterprise organizations realize that it's their applications that are the heart and soul of their business. If their application users have a bad experience, their revenue and reputation are at stake. In his session at 15th Cloud Expo, Anand Akela, Senior Director of Product Marketing for Application Performance Management at CA Technologies, discussed how a user-centric Application Performance Management solution can help inspire your users with every applicati...
May. 29, 2015 04:00 AM EDT Reads: 4,785
As enterprises engage with Big Data technologies to develop applications needed to meet operational demands, new computation fabrics are continually being introduced. To leverage these new innovations, organizations are sacrificing market opportunities to gain expertise in learning new systems. In his session at Big Data Expo, Supreet Oberoi, Vice President of Field Engineering at Concurrent, Inc., discussed how to leverage existing infrastructure and investments and future-proof them against e...
May. 29, 2015 03:00 AM EDT Reads: 3,206
The consumption economy is here and so are cloud applications and solutions that offer more than subscription and flat fee models and at the same time are available on a pure consumption model, which not only reduces IT spend but also lowers infrastructure costs, and offers ease of use and availability. In their session at 15th Cloud Expo, Ermanno Bonifazi, CEO & Founder of Solgenia, and Ian Khan, Global Strategic Positioning & Brand Manager at Solgenia, discussed this shifting dynamic with an ...
May. 29, 2015 02:00 AM EDT Reads: 3,262
Due of the rise of Hadoop, many enterprises are now deploying their first small clusters of 10 to 20 servers. At this small scale, the complexity of operating the cluster looks and feels like general data center servers. It is not until the clusters scale, as they inevitably do, when the pain caused by the exponential complexity becomes apparent. We've seen this problem occur time and time again. In his session at Big Data Expo, Greg Bruno, Vice President of Engineering and co-founder of StackI...
May. 29, 2015 01:00 AM EDT Reads: 4,578
Once the decision has been made to move part or all of a workload to the cloud, a methodology for selecting that workload needs to be established. How do you move to the cloud? What does the discovery, assessment and planning look like? What workloads make sense? Which cloud model makes sense for each workload? What are the considerations for how to select the right cloud model? And how does that fit in with the overall IT transformation?
May. 29, 2015 12:00 AM EDT Reads: 4,300
You use an agile process; your goal is to make your organization more agile. But what about your data infrastructure? The truth is, today's databases are anything but agile - they are effectively static repositories that are cumbersome to work with, difficult to change, and cannot keep pace with application demands. Performance suffers as a result, and it takes far longer than it should to deliver new features and capabilities needed to make your organization competitive. As your application an...
May. 29, 2015 12:00 AM EDT Reads: 3,504
17th Cloud Expo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterprises a...
May. 28, 2015 11:15 PM EDT Reads: 2,237
The recent trends like cloud computing, social, mobile and Internet of Things are forcing enterprises to modernize in order to compete in the competitive globalized markets. However, enterprises are approaching newer technologies with a more silo-ed way, gaining only sub optimal benefits. The Modern Enterprise model is presented as a newer way to think of enterprise IT, which takes a more holistic approach to embracing modern technologies.
May. 28, 2015 11:00 PM EDT Reads: 6,041
SYS-CON Events announced today that SUSE, a pioneer in open source software, will exhibit at SYS-CON's DevOps Summit 2015 New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. SUSE provides reliable, interoperable Linux, cloud infrastructure and storage solutions that give enterprises greater control and flexibility. More than 20 years of engineering excellence, exceptional service and an unrivaled partner ecosystem power the products and support that help ...
May. 28, 2015 10:30 PM EDT Reads: 638
Move from reactive to proactive cloud management in a heterogeneous cloud infrastructure. In his session at 16th Cloud Expo, Manoj Khabe, Innovative Solution-Focused Transformation Leader at Vicom Computer Services, Inc., will show how to replace a help desk-centric approach with an ITIL-based service model and service-centric CMDB that’s tightly integrated with an event and incident management platform. Learn how to expand the scope of operations management to service management. He will al...
May. 28, 2015 10:00 PM EDT Reads: 1,451
The true value of the Internet of Things (IoT) lies not just in the data, but through the services that protect the data, perform the analysis and present findings in a usable way. With many IoT elements rooted in traditional IT components, Big Data and IoT isn’t just a play for enterprise. In fact, the IoT presents SMBs with the prospect of launching entirely new activities and exploring innovative areas. CompTIA research identifies several areas where IoT is expected to have the greatest impac...
May. 28, 2015 09:00 PM EDT Reads: 4,958
There's no doubt that the Internet of Things is driving the next wave of innovation. Google has spent billions over the past few months vacuuming up companies that specialize in smart appliances and machine learning. Already, Philips light bulbs, Audi automobiles, and Samsung washers and dryers can communicate with and be controlled from mobile devices. To take advantage of the opportunities the Internet of Things brings to your business, you'll want to start preparing now.
May. 28, 2015 07:00 PM EDT Reads: 5,819