Robots, 3D printing to lead tech’s future
Robots, 3D printing and a wealth of new technologies and business models are what we can expect to carry us through to 2025, research group Frost & Sullivan predicts.
In a new report, titled “World’s Top Global Mega Trends To 2025”, F&S says that by 2020, personal robots ranging between $1,500 and $4,500 could enter our lives, while by 2020, technologies such as 3D printing could likely generate revenue of $7.1 billion.
We will also see the emergence of other new technologies and business models,riding in the wake of the the rise of wearable devices and virtual currencies.
“We are not only seeing new trends such as wearable devices, 3D printing, and virtual currencies. Mature trends such as urbanization are rapidly evolving and changing patterns with the new world thereby creating new business models and value chain networks in the future,” the group said.
One of the most interesting and important Mega Trends will be that of Connectivity and Convergence and especially the market opportunity it represents in creating a connected life.
This “Internet of things” in our home, work, and city environments will bring huge opportunities for growth.
Frost & Sullivan values this whole ecosystem — comprising of connected home, work, and city solutions — to be worth $731.70 billion by 2020, with the connected city segment accounting for over 50% of the revenue.
“This opportunity will usher new competition into the market offering immense opportunity to telecom, M2M and software vendors who will be experimenting with different types of New Business Models,” F&S said.
The group predicts that new business Models will emerge as an important “Mega Trend”, defining ways for businesses to monetize new opportunities.
Different types of business models can be witnessed among different stakeholder relationships – right from Business to Consumers (B2C) to Business to Business (B2B) to Government to Business (G2B).
“Some of these business models can be disruptive or transformative and can result in a potential collapse of firms in the industry,” F&S said.
As an example, the research firm notes that “Sharing” business models – such as peer-to-peer money lending and car sharing – have already led to a transformation in the financial services and mobility industries.
“New digital media models like on-demand or streaming services such as Netflix or Roku are already being seen as a serious threat that could lead to the potential collapse of the traditional broadcasting industry,” the group said.
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