Consumer

WHAT'S NEXT?: Technology will become the new sales assistant, always on, always friendly, always delivering. Consumers will co-create and create products to their exact needs. Brands will have to focus on seizing mobile moments on apps that already have consumer's attention. Instantly explore below how lifestyles, buying behaviors and attitudes are changing and where you fall short in the battle to win consumers hearts and minds.

[New] After Xi Jinping's comments expect the Chinese government to push the development of blockchain technology, ahead of the application of cryptocurrencies which are banned in China.
[New] Asia will remain at the forefront of innovation in blockchain, with China's digital currency set to be rolled out next year.
[New] Global spending on AI will reach $57.6 billion by 2020 and 51% of businesses will be making the transition to AI with blockchain integration.
[New] 41 percent of technology company leaders expect to implement blockchain technology at their company over the next three years.
[New] By 2023, the global RPA market is expected to be worth $8.69 billion, and technology company CIOs report they are outpacing other industries with their investment in RPA and other transformational technologies such as artificial intelligence, IoT, and blockchain.
[New] The Global Blockchain In Pharmaceutical Supply Chain Management Market is expected to register an approximate CAGR of 22.5% during the forecast period of 2019-2024.
[New] Worldwide spending on blockchain solutions alone is expected to grow from $1.5 billion in 2018 to an estimated $11.7 billion by 2022 with the financial sector accounting for over 60 percent of the market value of blockchain worldwide.
[New] 53 percent of companies have placed blockchain as one of their top five priorities, and Gartner reported that blockchain technology will create more than $176 billion worth of business value by 2025 and $3.1 trillion by 2030.
[New] By 2023, up to 30 percent of world news and video content will be authenticated as real by blockchain countering deep fake technology.
[New] Blockchain technology holds great potential, especially to optimise clearing and settlements, and could represent global savings of up to $6bn per year.
[New] Over the 2018-23 forecast period, China will contribute about 68% of all blockchain spending in Asia / Pacific, it will see a significant spending growth, while Asia / Pacific records 50.3% CAGR.
[New] IDC expects blockchain spending in Asia / Pacific to grow rapidly with a compound annual growth rate of 59.8% that will amount to a total of USD3 billion over the 2018-23 forecast period.
[New] With so many enterprises looking into digital assets and developing their own cryptocurrency, it is not a big surprise that half the population will be using Bitcoin by 2020.
[New] By 2023, blockchain inspired technology will support the global movement and tracking of $2 trillion of goods and services annually.
[New] Energy blockchain applications are expected to generate $19 billion in cumulative revenue over the next decade, reaching an annual market size of $7.7 billion in 2028, at a compound annual growth rate of 66.9%.
[New] The global blockchain in supply chain market is expected to witness high growth during the forecast period.
[New] The global Blockchain market is expected to grow from USD1.3 Billion in 2017 to USD169.5 Billion by 2025 at a CAGR of 83.8% during the forecast period 2018-2025.
[New] Worldwide spending on blockchain solutions by companies and governments is skyrocketing; IDC projects it to hit almost US$16 billion in 2023.
[New] A draft bill to regulate blockchain technology in shipping is expected to be ready before the end of the year in Cyprus.
[New] Blockchain technology is active and is continuing to progress with each passing day and is predicted to take over small commercial markets too in coming years.
[New] While blockchain will eventually change the core of a business, in the next five years it will mostly affect how an organization executes its business.
[New] Blockchain applications will explode in the next few years, and Switzerland is one of the leading developers of blockchain technology and its applications.
[New] The global gaming market is expected to rise by 10% to $90.1 billion by 2023 fueled by the integration of blockchain.

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Last updated: 23 January 2020