The Next Big Arenas
I found the attached McKinsey article a very interesting read. Particularly as someone who is growing their own business.
The article uses the terms arenas which are a unique category of industries defined by two characteristics: high growth and dynamism.
McKinsey have identified 18 potential arenas of the future that could reshape the global economy, generating $29 trillion to $48 trillion in revenues by 2040.
The 18 are:
E-commerce
AI software and services
Cloud services
Electric Vehicles
Digital advertising
Semiconductors
Shared autonomous vehicles
Space
Cybersecurity
Batteries
Modular construction
Streaming video
Video Games
Robotics
Industrial and consumer biotechnology
Future air mobility
Drugs for obesity and related conditions
Nuclear fission power plants
For my business, they are all relevant because leaders and teams will be playing a role in all of them
hashtag#arenas hashtag#growth #2040
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