What are Megatrends?

Megatrends

A.I. (Artificial Intelligence)

AI could contribute up to $15.7 trillion1 to the global economy in 2030, more than the current output of China and India combined. Of this, $6.6 trillion is likely to come from increased productivity and $9.1 trillion is likely to come from consumption side effects. This growth is lead by AI’s increasing adoption across sectors like healthcare, manufacturing, and autonomous vehicles. Companies leveraging AI are reporting significant productivity gains and cost reductions, solidifying its long-term potential. 
Data source: PwC

MEGATRENDS

Clean Energy

Clean energy has rapidly gained momentum as a global megatrend, with substantial data backing its transformative impact. In 2023, global clean energy investments surged to a record $1.77 trillion, representing a 17% increase from the previous year. This growth was driven by investments in electrified transport, renewable energy, hydrogen, and carbon capture technologies. Notably, electric vehicles alone accounted for $634 billion of the total, while renewable energy investments reached $623 billion. 
Data sources:  BloombergNEF, IRENA, IEA.

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Big Data

Big Data is reshaping industries by providing unprecedented insights from vast amounts of information. By 2025, the global data volume is expected to reach 181 zettabytes, up from 64.2 zettabytes in 2020, according to IDC. This rapid growth is driven by increased data generation from IoT devices, social media, e-commerce, and other digital platforms. Companies leveraging big data analytics can make more informed decisions, enhance customer experiences, and streamline operations, with McKinsey estimating that data-driven organizations are 23 times more likely to acquire customers. Industries such as finance, healthcare, and retail have particularly benefited.
Data sources: Economist, McKinsey.

MEGATREND

Cashless Society

The shift toward a cashless society is driven by advances in digital payment technologies and changing consumer behaviors. By 2025, digital transactions are expected to surpass $10 trillion globally, according to a report by Juniper Research. Mobile payments, digital wallets, and contactless transactions are transforming how people and businesses handle money, offering convenience, speed, and security. Nations like Sweden and China are leading this trend, with the adoption of digital currencies and mobile payments rapidly replacing physical cash in daily transactions.
Data source: Juniper Research

MEGATREND

Next-Gen Broadband

Looking beyond 5G, next-generation broadband focuses on 6G and terahertz (THz) technology, offering futuristic potential for connectivity. Expected to launch around 2030, 6G aims to provide speeds up to 100 times faster than 5G, enabling immersive experiences like holographic communications, real-time digital twins, and brain-computer interfaces. 6G will rely on AI-driven networks and quantum communication for ultra-low latency and enhanced data security. Coupled with advances in satellite constellations like Starlink, this technology will reshape industries like healthcare, transportation, and augmented reality (AR), pushing global digitalization even further.
Source: FPGA Insights

MEGATREND

Virtualization

Virtualization, as developed by companies like Meta, refers to the creation of immersive, shared digital spaces where people can interact through avatars, blending the physical and digital worlds. This form of virtualization, often associated with the metaverse, goes beyond traditional screen-based experiences, incorporating virtual reality (VR), augmented reality (AR), and 3D digital environments. These technologies enable virtual workspaces, social interactions, and entire economies within digital ecosystems. By 2030, the metaverse is expected to contribute $5 trillion to the global economy, reshaping entertainment, commerce, and collaboration.
Data source: McKinsey & Co