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18 Industries That Could Reshape The Global Economy - McKinsey

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November 24, 2024 What will the economy look like in 15 years? McKinsey’s Kweilin Ellingrud and coauthors believe that 18 arenas of competition could generate $29 trillion to $48 trillion in …

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Simon Cai 蔡曦 On LinkedIn: The Next Big Arenas Of Competition

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High level breakdown of the McKinsey & Company Global institute report: "The next big arenas of competition" - Revenue Potential (2040): 18 future arenas could generate $29–48 trillion ...

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FAQs about McKinsey & Company Coupon?

How many arenas will reshape the global economy in 2040?

We call these outperformers arenas of competition. They are defined by two characteristics: high growth and high dynamism. This report from the McKinsey Global Institute identifies 12 arenas of today and 18 future arenas that could reshape the global economy between now and 2040. ...

What are the arenas of today?

To do so, the authors first analyze a data set of the world’s 3,000 largest companies from 2005 to 2020 and pinpoint 12 arenas of today, including biopharmaceuticals, cloud services, e-commerce, and electric vehicles. Arenas of today refers to the arenas that formed over the past two decades. ...

How much money will arenas generate by 2040?

These future arenas could generate $2 trillion to $6 trillion in profit by 2040. Their collective share of global GDP could increase from 4 percent today to 10 to 16 percent by 2040. Twelve arenas of today showed outsize growth and dynamism from 2005 to 2020. ...

What are the 12 industry arenas of today?

The report identified 12 arenas of today: software, semiconductors, consumer internet, e-commerce, consumer electronics, biopharmaceuticals, industrial electronics, payments, video and audio entertainment, cloud services, electric vehicles (EVs), and information-enabled business services (ranked in order of 2020 market cap). ...

Why do arenas make so much money?

Arenas earn far greater profits than other industries do, they spawn a disproportionate number of global giants, and they offer unusually strong opportunities for new entrants to become powerhouses. Three combined ingredients in an “arena-creation potion” tend to generate the escalatory mode of competition that characterizes arenas. ...

What are arenas & why are they important?

Arenas are industries that transform the business landscape. Eighteen future arenas could reshape the global economy and generate $29 trillion to $48 trillion in revenues by 2040. Arenas are a unique category of industries defined by two characteristics: high growth and dynamism. ...