Mckinsey's 18 Arenas of Competition ( 2024 )
McKinsey is an interesting group to get forward looking economic advice from. But their size and influence creates a lot of opportunity for self reinforcement of their predictions. In this particular predection some analysts from McKinsey identified 18 potentially “transformative industries” to watch in the next 20 years. They defined “transformative industries” as industries with high growth and dynamic market share that signal a highly competitive market containing new business models and technologies.
Their 18 industries are
- electric vehicles
- digital ads
- semiconductors
- shared autonomous vehicles
- space
- cybersecurity
- e-commerce
- artificial intelligence (AI)
- cloud
- batteries
- modular construction
- streaming video
- video games
- robotics
- non-medical biotech
- future air mobility
- obesity drugs
- nuclear fission
It’s an interesting mix. Several of them I would have personally considered to be maturing industries with a solidifying competitive landscape, esp cloud and streaming video.