3 Potential Growth Industries
In our search to find the next Amazon or Netflix, we've come across three industries that show the potential of having a big decade and really impacting businesses and consumers.
Below the infographic we provide more details on the industries, as well as links to additional research material.
According to MarketsAndMarkets the global blockchain market is expected to grow to $39 billion in 2025 from $3 billion in 2020.
Key Market Players According to Grandview Research are: IBM, Microsoft, Linux Foundation, R3, BTL Group, Chain Inc, Deloitte, Circle Internet Financial Limited, Global Arena Holding, Oracle, Amazon, Intel, Bitfury, Infosys, Applied Blockchain, Coinbase, Lemonade, and Siemens
BuitIn: Companies Utilizing Blockchain: https://builtin.com/blockchain/blockchain-companies-roundup
Gaming / eSports
Newzoo expects the eSports market to grow to $1.8 billion by 2022, while others have suggested the market will grow to around $1.6 billion. We believe the esports market over the long term will be much larger than $1.8 billion. Technology is getting better, and over the past several years we've seen video games transform from something that had to be played for enjoyment into a viewable form of entertainment, and we think this trend continues. We also expect improvements in cloud gaming, which will lower the cost to get into gaming as a hobby or competitively.
Aside from eSports we expect big gains from game developers. New systems from Sony and Microsoft will help drive game developers growth. The cost of storage continues to get cheaper every year, and this will move gamers from buying physical copies of games to downloading games digitally and storing them on hard drives. This should result in a decline in manufacturing cost for game developers.
Key Market Players: Companies: Google, Nvidia, AMD, Microsoft. Amazon/Twitch, Microsoft, Dell(Alienware), Activision, Electronic Arts, and Take Two Interactive.
When people think about robots, popular images of robots usually come to mind. The robots from iRobot, or the Terminator, or maybe Rosie from the Jetsons seem to be the first examples of robots people think off when the subject of robots comes up. Robots that walk and talk or those that can mimic an animal are only a small part of the large robotics industry.
For decades robots could be found in factories all over the globe. These robots helped humans in manufacturing, assembling, labeling and packaging, and a host of other tasks. With the amount of effort put towards artificial intelligence and machine learning over the last decade, we foresee the robotics industry leveraging this new knowledge and taking big steps forward over the next decade.
Boris Sofman, the co-founder of Anki and now director of engineers at Waymo had this to say about the future of robotics, "The robot revolution is happening. It was never going to be a single binary event and, with AI advances, it becomes more and more prevalent in our lives.
Key Market Players: NVidia, Boston Dynamics, iRobot, AeroVironment, Raytheon, Stryker, ARAY, Intuitive Surgical, ABB, Siemens, Rockwell Automation, Cognex, Zebra Tech, KION , Fanuc
Service Robotics expected to register fastest growth - https://www.mordorintelligence.com/industry-reports/robotics-market