A New Doorway to Opportunities
Rapid changes in the business environment are triggering massive shifts across sectors. Companies need to rethink business strategies and embrace technology, embedding it in their value chain to achieve long-term sustainable growth.
As disruptive technologies continue to emerge, it is imperative for organizations to actively track innovations and align with the changing technical ecosystem to achieve growth and sustain the momentum.
Emerging Megatrends
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Blockchain
Blockchain-as-a-Service, Permissioned Blockchain, and Non-fungible Token segments![](../assets/images/slider/technology/future-neurotechnology.jpg)
Future of Neurotechnology
AI-based neuroimaging, Bioelectronic medicine, and Wireless brain sensors![](../assets/images/slider/technology/future-health-big.jpg)
Future of Personalized Medicine
Proteomics, Molecular Diagnostics, Next-Generation Sequencing, and Pharmacogenomics![](../assets/images/slider/technology/func-mate-big.jpg)
Functional Materials
Nano-Engineered Materials, Smart Materials, and Sustainable Polymer Composites![](../assets/images/slider/technology/regenerative-medicines-big.jpg)
Future Of Regenerative Medicine
Cell and Gene Therapy, Stem Cell Engineering, and Organ-on-a-Chip![](../assets/images/slider/technology/med-info-big.jpg)
Medical Informatics
Artificial Intelligence, High-Speed Connectivity, Machine Learning, and Digital Twins![](../assets/images/slider/technology/smart-grid-big.jpg)
Smart Grids
Electric Storage Systems, Distributed Energy Resources using Renewables, and Substation Automation Systems![](../assets/images/slider/technology/smart-manu-big.jpg)
Smart Manufacturing
Robotics, IoT, Machine Learning, Artificial Intelligence, and Augmented RealitySample Data Title
Flexible Project Management Approach
We believe that collective minds work better than one. Hence, the initial step of every project is a brainstorming session. Our expert team develops strategies and creative methods to efficiently execute the project.
The best ideas and thoughts are implemented to draft a project plan. This plan comprises various elements such as interim deliverable timelines, additional brainstorming sessions and dates and timeslots for project discussions.
Each plan is designed to be flexible during the course of the project to accommodate requests such as course corrections, new avenue exploration and change in deliverables.
Adopting Right Mix of Research Approaches
It’s not just about the data but generating critical strategic insights from the extracted information.
We have developed over 20 resourceful and flawless proprietary frameworks to deliver insights and recommendations. These frameworks are based on the MECE principle, which obviates the Fear Of Missing Out (FOMO) of information.
Exemplary frameworks include:
- Desirability-Viability-Feasibility (DVF) – Helps in identifying sweet spots and technical opportunities in any given domain
- 5F – Five-factor assessment to identify promising start-ups for tech VCs to place investment bets
Properietary Crystallised Frameworks
It’s not just about the data but generating critical strategic insights from the extracted information.
We have developed over 20 resourceful and flawless proprietary frameworks to deliver insights and recommendations. These frameworks are based on the MECE principle, which obviates the Fear Of Missing Out (FOMO) of information.
Exemplary frameworks include:
- Desirability-Viability-Feasibility (DVF) – Helps in identifying sweet spots and technical opportunities in any given domain
- 5F – Five-factor assessment to identify promising start-ups for tech VCs to place investment bets
Blockchain
Transforming businesses and data networks using a decentralized digital ledger
The use of blockchain technology is transitioning from the niche to mass stage. Blockchain-as-a-Service is improving accessibility, while permissioned blockchain is facilitating widespread adoption and NFTs are paving the way for digital asset/content security.
Blockchain-as-a-Service (BaaS) to gain traction amongst companies with limited financial strength whilst mitigating technical and commercial limitations
Why is it a megatrend?
- Organizations can leverage blockchain’s enhanced security, transparency, and traceability features although limitations to deployment exist.
- The BaaS model addresses major challenges, such as high technical complexities, high investment requirement, operational overheads, and limitations related to human resource skillset.
- Microsoft, Amazon and IBM have initiated the roll-out of BaaS solutions for widespread deployment; leveraging cloud-based and as-a-service solutions.
Who benefits?
- The blockchain technology adoption rate among SMEs is expected to increase; leveraging the BaaS model for deployment would minimize investment requirements.
- Adoption of solutions such as digital identity, SCM, payments and transactions is expected to increase.
- The BFSI, IT, telecom, retail, e-commerce, energy and utilities sectors are expected to drive adoption.
BaaS expected to grow by ~10x until 2027; growth led by retail and ecommerce sectors
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Global BaaS Market
2020-27 | Figures in USD Bn
Permissioned blockchain to enable blockchain for enterprises 5x growth expected by 2026; Healthcare, BFSI and streaming companies to be first movers
Why is it a megatrend?
- Permissioned blockchain provides an additional access control layer, paving the way for a role-based access system; the solution is synonymous with enterprise blockchain.
- It enables businesses to leverage the decentralized data system, secure ledger and proof of transactions features of blockchain networks, alongside mitigating data security and unauthorized access issues.
- Platforms such as Etherium, Ripple and Hyperledger Fabric have initiated the implementation of permissioned ledger in their solutions.
Who benefits?
- Streaming companies, healthcare industry and financial institutions are among the first movers in utilizing permissioned blockchain; it ensures security of transaction/customer record (identity management).
- Shipping and logistics companies are increasingly adopting the enterprise blockchain application for electronic bill of lading.
- Real estate marketplaces use permissioned blockchain to maintain a decentralized asset title registry and provide prompt service.
Enterprise/permissioned blockchain expected to grow ~5x by 2026
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Global Enterprise Blockchain Market
2020-30 | Figures in USD Bn
Non-fungible Tokens (NFTs) utilize ‘uniqueness’ and ‘digital scarcity’ concepts to facilitate trading of ‘collectibles’ whilst addressing digital rights protection issues
Why is it a megatrend?
- Digital blockchain tokens (NFTs), utilizing the concept of ‘uniqueness’, create ownership proxies for digital/physical assets such as art, music, and real estate.
- NFTs leverage “digital scarcity” to ensure “collectible” status whilst unique tokens ensure secured trading; NFT marketplaces facilitate transactions/trading of such tokens
- NFTs enable parallel solutions such as ‘blockchain domains’. Domain owners are provided with customization options for unique domain names, which makes trading secure.
Who benefits?
- Organizations operating in the collectibles market (digitalizing collectibles), esports (in-game purchases), asset management firms (tokenization of real estate), utilities and sports management companies are likely to benefit.
- Media houses/digital content creators could use NFTs for enforcing ‘digital rights management’. NFTs address online piracy issues and include traceability solutions to detect digital rights violation.
Total NFT trade value grew by 26% over the 2018-20 period to reach $250 Mn^
![](../assets/images/home/blockchain_grp3.png)
NFT Market Capitalization^
2018-20 | Figures in USD Bn
Next-Generation Utilities
Would have zero maintenance, near-zero wastage, minimal human intervention, and enable maximum monetization of every possible utility asset
In the next 10 years, the aim of utilities (electricity, gas, and water) distribution companies would be to achieve zero maintenance, near-zero wastage, minimal human intervention, enable fully autonomous systems, and maximum monetization of every possible utility asset. This could be possible by leveraging technologies such as connected sensors, LPWAN connectivity, machine learning, and digital twins.
Value-based maintenance: An economical approach to achieve 100% uptime of assets with minimal maintenance expenditure
Why is it a megatrend?
- Value-based maintenance (VBM) of assets is an approach to save maintenance cost by eliminating non-critical predictive maintenance (PM) tasks and to enhance frequency optimization.
- The VBM model addresses the financial challenges associated with maintenance, such as high cost, high frequency of maintenance, and resource-intensive PM of non-critical assets.
- Engineering consultancies and MRO service providers – such as Jacobs Engineering, Vegas, and Asset Performance Technologies, Inc., – offer VBM as a service.
Who benefits?
- VBM would help companies involved in heavy engineering, chemicals, oil & gas, and aviation minimize their direct and indirect maintenance cost.
- Players such as Mitsubishi, Hyundai, BASF, and Lufthansa are expected to be the biggest beneficiaries of VBM.
Along with PM, VBM forecast to grow ~5x until 2027, led by heavy engineering sector
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Global PM Market
2020-27 | Figures in USD Bn
Vehicle-to-Grid: Another source of revenues for vehicle owners, telecom players, and hotels
Why is it a megatrend?
- In future, vehicles would serve as not only a tool of mobility but also an intermittent unit of energy storage.
- Energy storage cost reached USD 137 per kilowatt-hours (KWh) in 2020 but is anticipated to drop below USD 100 per KWh in 2023.
- With the aim of minimizing dependence on centralized grids and driving microgrid implementation, the US, Japan, the UK, and Denmark are deploying vehicle-to-grid (V2G) systems. In addition, over 10 universities and companies are conducting research in this domain, with Nissan, Enel, E.ON, and Edison in the lead.
Who benefits?
- Vehicle owners, utility companies, and charging station owners would be the main beneficiaries of V2G.
- Leveraging their customer handling expertise, telecom companies could aid in information transfer and launch innovative business models to help strike a deal between vehicles owners and utility players.
- The tourism industry may explore the business by offering competitive V2G plans to customers.
Total V2G market expected to grow 17% to USD 17.4 Bn
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V2G Market
2020-27 | Figures in USD Bn
Real-time Power Trading: An approach to efficiently monetize every asset in power ecosystem with minimal wastage
Why is it a megatrend?
- Power trading entails the selling and purchasing of power between participants in the energy industry. Power trading is expected to shift from wholesale to retail trading, centralized to P2P structure, and hour-ahead system to near real-time tradable block system.
- Real-time trading offers flexibility to bulk generators to sell power in the spot market, reduce input costs for distributors, and allow small prosumers to participate in power trading.
- In India, PXIL and IEX have launched near real-time (15-minute slots) for electricity transactions, which could be less than 5-minute slots in future. Other countries are expected to follow suit in the short term.
- Involvement of private players; allowance of P2P trading; growth in renewables, V2G, pumped storage, and IoT; and flexibility to hydro/coal generators are factors forecast to drive real-time trading.
Who benefits?
- Small power prosumers, wholesale generators, and distributers would be the major beneficiaries of real-time trading.
Global electricity trading market set to expand at 6% CAGR
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Global Electricity Trading Market
2020-27 | Figures in USD Bn
Future Of Regenerative Medicine
Repairing, regrowing, recreating organs’ functional and structural integrity
Huge public healthcare burden rests on obtaining a compatible match for an individual’s cell, tissue, or organ. Regenerative medicine has the potential to edit, heal, or replace biological matter damaged by age, infection, disease, or trauma, as well as to normalize congenital defects through cell and gene therapy (CGT), stem cell engineering, tissue engineering, and organ-on-a-chip (OOAC) therapies and technologies.
Cell and Gene Therapy (CGT) – A revolutionary precision regenerative medicine that enables infusing and editing of cells and genes to treat diseases
Why is it a megatrend?
- CGT aims to treat, prevent, and potentially cure diseases of genetic disposition, caused by spontaneous or inherited transcription or translational abnormalities.
- It is gaining popularity in cancer and immunotherapies as it can replace defective or cancerous cells with genes or proteins to slow cancer growth or cause cell death.
- CGT is increasingly becoming a common healthcare practice for treating various diseases (musculoskeletal, hematological, neurological, etc.) and for transplantation. It can also program specific cells (e.g., adult stem cells) for specific therapeutic indications.
Who benefits?
- CGT can alleviate the underlying causes of diseases and even stop or reverse their progression. This benefits payers and patients receiving treatment for underlying genetic causes at one place, in one go.
- Healthcare facilities would witness increased patient access, decreased overall therapy costs, and reduced patient referral impediments which would minimize patient leakage.
CGT is the fastest growing segment and is expected to grow ~668% by 2027
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Global CGT Market
2020–27 | Figures in USD Bn
Stem cells – Core of regenerative medicine, future of tissue and organ restoration, regeneration, and transplantation
Why is it a megatrend?
- Stem cells can divide and differentiate into any cell and neuron, providing structural and functional reparation and regeneration of tissues and organs; this enables treatment of any wound, clinical condition, and disease (e.g., degeneration, congenital, and age-related), with considerably less organ rejections and medicinal/surgical side-effects and complications.
- Driven by rising awareness and support, stem cells are being used for developing and testing various applications such as cell differentiation, tissue regeneration, disease modeling, and screening for non-cell-based therapeutic agents.
Who benefits?
- Stem cells provide patients with minimally invasive, quicker treatments and high recovery rates which, overall, leads to potentially faster and better long-term clinical outcomes.
- Reduction in tissue and organ transplantation would significantly reduce the burden on healthcare services while the government can achieve cost-cutting benefit to the healthcare budget.
Expected to grow ~143% by 2027, stem cells are likely to become a staple in regenerative medicine
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Global Stem Cells in Regenerative Medicine Market
2020–27 | Figures in USD Bn
Tissue engineering – A major branch of regenerative medicine emerging as interdisciplinary field, free of poor biocompatibility, biofunctionality, and rejection
Why is it a megatrend?
- Wounded and damaged tissues and organs can be functionally repaired using a combination of biological, synthetic, or semi-synthetic bioengineering materials with biochemical factors and target cells.
- Tissue engineering is a potential alternative to surgical reconstruction and can replace tissue and organ transplantation by creating complex layers of tissue and whole organs through novel approaches such as 3D bioprinting and medical automation technologies.
- Tissue engineering can also be combined with other strategies, i.e., cell or gene therapy, to induce in vivo tissue and organ regeneration
Who benefits?
- Tissue engineering is considered an ideal medical treatment for patients as it can easily restore, maintain, and improve damaged tissues and whole organs. Artificial skin and cartilage are prime examples of engineered tissues that have been approved by the FDA.
- Biotechnology companies use tissue engineering to help screen medication and provide key tools for facilitating personalized medicine for treatments in neurology, cardiology, gynecology, spine, etc.
By 2027, the tissue engineering market is expected to see a large-scale adoption with ~73% growth
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Global Tissue Engineering Market
2020–27 | Figures in USD Bn
Organ-on-a-chip (OOAC) – A cutting-edge technology that can emulate physiological environment and functionality of human organs on chip
Why is it a megatrend?
- OOAC, also known as multi-channel 3D microfluidic cell culture chip, is an in vitro miniature tissue or organ that monitors the functionality, behaviour, and response of tissues and organs at cellular and molecular levels. OOAC finds applications in neural, musculoskeletal, lung, vascular, kidney, and heart regeneration.
- By providing a biologically relevant microenvironment for cell and tissue culture, OOAC enables chemical and mechanical signaling, real-time analysis, and eases the use of biomaterials and hydrogels as tissue constructs to heal wounds and streamline stem cell engineering.
Who benefits?
- OOAC benefits patients and healthcare practitioners as it is key to developing normal tissues and monitoring disease progression (e.g., cancer, fibrosis, and osteoarthritis). Healthcare facilities and payers can also achieve guaranteed results and save time and money spent on referrals, transplantation, and drugs as OOAC can mimic the internal biological functioning to produce a controlled environment to culture cells and tissues for organ, tissue, and cell regeneration.
OOAC is a high-growth segment and is expected to grow 7.5x over the next seven years
![](../assets/images/home/regenmed_grp4.png)
Global OOAC Market
2020–27 | Figures in USD Bn
Health Informatics
Improving outcomes through medical, technological, and process convergence
In the future, the healthcare industry would aim to sustain wellness, prevent onset or progression of disease, provide holistic care, achieve predictable healthcare outcomes, and realize the same post-treatment quality of life as before treatment. All this could be possible by leveraging healthcare informatics, along with technologies such as artificial intelligence, high-speed connectivity, machine learning, augmented and virtual reality, and digital twins.
Continuum of care: An approach to prevent disease onset or minimize progression to later stages
Why is it a megatrend?
- The continuum of care (CCR) approach is a transition from the on-demand post-illness care model to the proactive-care model. The concept is especially applicable for chronic conditions such as diabetes, COPD, kidney, and cardiac diseases.
- The trend is driven by consumerization of healthcare, adoption of health records, and launch of the Digital Center of Excellence by US FDA.
- CCR acts as a bridge between payors, providers, patients, EHR/EMR platform developers, and the government to work together on shared saving programs to maximize patient care.
Who benefits?
- Medical device manufacturers with offerings aimed at the final stage of disease could develop a new product and service-based business model with CCR.
- Payors can leverage CCR by providing new consumer-centric business offerings.
- Implementation of CCR could save USD760–935 billion in annual healthcare expenditure (~25% of total care spending).
Funding for startups working on CCR up ~2.5x in last four years
![](../assets/images/home/med_info_grp1.png)
Global CCR Funding
2016–19 | Figures in USD Bn
Digital care coordination: An approach to provide accountable, holistic, and coordinated care through CCIT
Why is it a megatrend?
- Dedicated care coordination IT (CCIT) is leading to a shift in medical services from a fee-for-service model to a value-based care model using solutions that facilitate data mining and analytics, interoperability, normalization, and visualization of healthcare data.
- Payors are driving this initiative by self-developing a CCIT platform, partnering with hospital chains, or acquiring accountable care organizations (ACOs).
- Successful implementation of CCIT is expected to minimize unnecessary treatments, readmissions, and treatment redundancies.
Who benefits?
- With CCIT, payors and providers can tap the hundreds of billions of US dollars worth of lost opportunities during referrals.
- Patients receive risk-free value-based care with >5% less chance of readmissions, while employers get a healthier, productive workforce and improved predictability on their insurance expenditure.
CCIT expected to grow ~2.5x and become mainstream by 2024
![](../assets/images/home/med_info_grp2.png)
Global CCIT Market
2020–27 | Figures in USD Bn
Digital therapeutics: An approach to achieve predictable outcomes from treatment
Why is it a megatrend?
- Digital therapeutics (DTx) is on its way to redefine the treatment paradigm by addressing concerns over improved healthcare access at a lower cost with little impact to the quality of care.
- Companies in the healthcare ecosystem have been working on DTx solutions to differentiate between pipeline and inline assets, extend the product lifecycle, and gain a definite edge over the competition.
- Successful implementation of the Software Precertification Pilot Program by FDA could accelerate the introduction of DTx solutions as drug complements that create value across the healthcare.
Who benefits?
- With DTx, pharma companies can drive revenue and solidify their position. Technology companies can partner with pharma entities to deliver transformational innovation, while health providers and payers can achieve better clinical outcomes and minimize medical interventions.
Digital therapeutics likely to grow ~3x and become mainstream by 2025
![](../assets/images/home/med_info_grp3.png)
Global DTx Market
2020–27 | Figures in USD Bn
Smart Grids
Reducing environmental impact of power grid and enabling energy conservation
Building efficient energy solutions has been the top priority of research scientists as well as policymakers in the last two decades. Smart grid is one such efficient energy solution which has disrupted the traditional grid industry, making energy distribution more efficient, promoting energy conservation, and facilitating further use of renewable resources in networks across urban and rural areas.
Electric Storage Systems (ESS) in smart grids: An innovation facilitating bi-directional electricity transfer between distributors and consumers
Why is it a megatrend?
- With the help of ESS, unused energy can be stored and later converted to electricity during peak hours. These also support smart and micro grids in managing voltage irregularities.
- With more than 2,799 GW of renewable capacity installed globally in 2020, demand for utility-scale ESS (which can store weather-dependent renewable energy) and Energy Storage as a Service (ESaaS) has been rising rapidly.
- Electric vehicles can be transformed into ESS, supplying unused energy back to the smart grid in times of shortage. This presents possibilities for smart residential charging, vehicle-to-grid, renewables and storage integration.
Who benefits?
- Distributors can manage supply better, especially during shortages.
- By installing these, consumers can conserve energy, which would be cost-effective for energy distributors. Customers can plan energy consumption and be prepared for power shortages.
Electric Storage Systems expected to grow ~5x by 2025
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Global ESS Market
2020-25 | Figures in USD Bn
Distributed Energy Resources (DER) using renewable energy: A key component of smart grid, reducing cost and improving safety
Why is it a megatrend?
- Demand for renewable energy (solar photovoltaic cells, wind turbines and fuel cells) is increasing at 5% CAGR, constituting 13% of the global demand for energy. In this scenario, demand as well as adoption of DERs has risen, as these have emerged as a cost-effective and scalable model for grid distribution of renewable energy.
- DERs are enhanced versions to the traditional power grid and can support an entire power distribution system. It is estimated to endure 387 GW by 2025, driven by USD 110.3 bn in cumulative investment between 2020 and 2025.
- Lately, besides paving the way for decentralization, DERs also facilitate complex energy conversions. This helps distributors to provide dynamic pricing for solutions, based on efficiency and environmental protection.
Who benefits?
- DER may help reduce the cost of improving power system, thereby capping the overall cost of supply for distributors.
- Consumers who install DER units may incur lower charges for electricity with more reliable connectivity.
DER market expected to almost triple by 2030
![](../assets/images/home/smartgrids_grp2.png)
Global Annual Revenue from DER Capacity
2020-2030 | Figures in USD Bn
Substation Automation System (SAS): A key component of smart grid ecosystem paving the way for integration of predictive technologies
Why is it a megatrend?
- As one of the major components of smart grid, SAS provides control, automation, and communication capabilities to the grid ecosystem.
- Process Bus, a recent SAS innovation, interconnects devices at bay level with those at process levels. With this, the conventional copper wires will be replaced by fiber optic cables, facilitating the implementation of asset condition-monitoring systems through predictive maintenance.
- The Process Bus technology would increase the efficiency of substations by paving the way for integration of cost-effective hardware and artificial intelligence (AI)-based management in the system.
Who benefits?
- It would help power stations to optimize assets and reduce operational costs in the long term.
- It would help consumers by ensuring better supply of power. Leveraging SAS’s prediction mechanism, consumers can prepare for outages and mishaps by adjusting power consumption.
Substation Automation System expected to grow ~1.5x by 2025
![](../assets/images/home/smartgrids_grp3.png)
Global SAS Market
2020-25 | Figures in USD Bn
FinTech
Improving Financial Product Access and Inclusion Through Technology
Fintech is playing a critical role in driving the overall global finance industry. There are a few trends that are likely to outshine others, including:
- GovCoins: The Central Banks’ digital currencies of different countries that are going to replace cash currencies and play a critical role in digital transformation of economies.
- AI in Insurance: Insurance industry is rapidly picking up on technology, especially in the AI domain that will help in providing on-demand insurance products.
- Banking-as-a-Platform (BaaP): BaaP is the next stage in digital innovation of banking that is likely to transform traditional banking completely and promote Open Banking APIs
GovCoins – the rise of Central Banks’ digital currencies is the next big step toward digitally enabled economic transformation
Why is it a megatrend?
- CBDCs or GovCoins are digital versions of authorized currencies that are state-issued and -controlled digital assets.
- They can enhance a government’s ability to track the flow of money through its economy, leading to improved implementation of monetary policies.
- CBDCs are gaining traction, with 42 countries, including the US, Russia, and India, currently drafting policies and models for developing CBDCs, and 19 countries, including China, Sweden, and Ukraine, launching pilot projects.
Who benefits?
- Non-banking Fintech companies are likely to derive immense opportunities as consumers would hold their currency accounts with them, and they will likely provide retail payment services.
- CBDCs have the potential to extend safe and secure financial access to unbanked populations, especially in developing countries.
China is the world’s first major economy to pilot a digital currency and is aiming for widespread domestic usage of e-yuan by 2022.
![](../assets/images/home/fintech_grp1.png)
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CBDC Progress Map
Number of Countries
Artificial Intelligence in insurance – key driver for InsurTech start-ups helping customers in accessing products with flexibility and better experience
Why is it a megatrend?
- The insurance industry is transitioning from “detect and repair” to “predict and prevent” model through AI solutions, which would aid in reshaping insurance products, claims, distribution, and underwriting.
- Insurers are pushing the use of AI by providing on-demand insurance products, enabling people to buy life insurance with a selfie or auto/car insurance with pictures.
- By 2025, the insurance industry is anticipated to be ~25% automated. The adoption of AI and machine learning techniques is likely to further automate 50–60% of back-office processes.
Who benefits?
- Claim processing time is likely to be reduced significantly through advanced algorithms, enabling customers to get easy claims via automated customer service applications.
- AI in insurance eliminates contract processing and payment verification, thereby reducing customer acquisition costs for insurers.
Global AI in insurance market is expected to grow by ~6x by 2026.
![](../assets/images/home/fintech_grp2.png)
Global AI in Insurance Market
2018–26F | Figures in USD billion
Banking-as-a-Platform – It is the next stage in digital innovation which is likely to become a new and integral decision-making framework for banks in coming years
Why is it a megatrend?
- BaaP facilitates third-party developers in building IT architecture (products) and services for financial institutions and banking customers.
- It is gaining traction worldwide, with regulations such as UPI (India), PSD2 (Europe), and CMA (The UK) stimulating innovation, competition, and transparency among companies.
- BaaP runs on very low operating costs, helping both banks and end-consumers save costs. Also, Open Banking APIs help cater to multiple customers in any part of the world through personalized insights.
Who benefits?
- BaaP would make banking/financial services and payments much safer, faster, flexible, and in control of consumers.
- It will likely enable banks and financial institutions to tap into under-penetrated markets with lower capital costs and innovative product and service offerings.
BaaP is expected to grow by ~3x and become mainstream by 2026.
![](../assets/images/home/fintech_grp3.png)
Digital Banking Platform Market
2018–26F | Figures in USD billion
Future of Neurotechnology
Improving outcomes through medical, technological, and process convergence
The diagnosis and treatment of neurological diseases and disorders are complicated, slow, or less effective. Neurotechnology serves as a platform that provides assisted insight into the brain through AI-based neuroimaging, self-stimulation and modulation of the neural connectome via bioelectronic medicine, brain-computer interface, and real-time neural data interpretation and diagnosis using wireless brain sensors.
AI-based neuroimaging – the future of imaging technology – could become a mainstream solution for rapid diagnoses and characterization of brain diseases
Why is it a megatrend?
- Neuroimaging enables spaciotemporal imaging of the brain to diagnose and draw a symptomatic relationship to neurological disorders. The integration of AI as well as big data and analytics would allow faster functional, structural, and disease characterization, and help monitor the neurological function and response to treatments.
- AI is expected to play a vital role in transforming neuroimaging through automation. This would result in increased productivity, enhanced reporting accuracy, and rapid identification of critical abnormalities, which is attracting hospitals and doctors to this technology.
Who benefits?
- Large volume of data generated in neurology care units increases the workload of healthcare practitioners and hampers outcome prediction; therefore, AI-based neuroimaging is important for better treatment and outcome prediction.
AI-based neuroimaging is anticipated to grow at more than 1,000% by 2027
![](../assets/images/home/neurotech_grp1.png)
Global AI-based Neuroimaging Solutions Market
2020–27 | Figures in USD Bn
Bioelectronic medicine, comprising neuromodulation and neurostimulation, is a key technology providing long-term relief to treatment-resistant disorders
Why is it a megatrend?
- Bioelectronic medicine, which encompasses neurostimulation and neuromodulation devices, provides a permanent and effective solution for patients with chronic pain, depression, epilepsy, sleep disorders, mood disorders, movement disorders (i.e., Parkinson’s Disease and Amyotrophic Lateral Sclerosis) as it can alter neuronal activity in target regions to improve overall functionality and alleviate symptoms.
- Current pharmacological interventions only provide temporary symptomatic relief and cause side effects. As a result, healthcare providers and patients are eager to transition to bioelectronic medicine.
Who benefits?
- Due to the increasing prevalence of neurological disorders, health technology startups, medical device firms, and pharma companies are expected to witness demand for bioelectronic medicine.
- Healthcare providers and payers achieve effective, long-term value-based healthcare, with the ability to save millions of dollars spent on drugs and referrals.
Bioelectronic medicine likely to become mainstream solution for various disorders
![](../assets/images/home/neurotech_grp2.png)
Global Bioelectronic Medicine Market
2020–27 | Figures in USD Bn
Brain-computer interface – an emblem of futuristic healthcare – delivers solutions for (re)connecting the body to the neural system
Why is it a megatrend?
- Brain-computer interface (BCI) treats motor paralysis (e.g., paraplegia or quadriplegia) due to stroke, spinal cord injury, cerebral palsy, and amyotrophic lateral sclerosis by transmitting signals between the brain and any peripheral device or attachment.
- It can capture and translate facial expressions, emotional states, desires/necessities, and conscious intentions to design customized experiences and therapies.
- BCI can extends its application to not only reconnect but also enhance physical and cognitive abilities.
Who benefits?
- Patients benefit from the high possibility of regaining control of the motor, sensory, and/or cognitive system and enhancing experience.
- From long-term rehabilitation to specific usability programming, demand for services from healthcare institutions and medical device manufacturers is likely to grow significantly.
BCI forecasts to see 2.5x growth over the course of seven years
![](../assets/images/home/neurotech_grp3.png)
Global BCI Healthcare Market
2020–27 | Figures in USD Bn
Wireless brain sensors – future of emergency neurological diagnostics – offer the possibility of on-the-go detection of intracranial electrochemical signals
Why is it a megatrend?
- Wireless brain sensors protect patients with sleep disorders, brain injuries, dementia, Parkinson’s disease, epilepsy, and other conditions from emergency situations by determining intracranial pressure, temperature, pH, flow rates, and by measuring brain waves.
- As the future of neurodiagnostics, wireless brain sensors enable concurrent and naturalistic examination of biochemical and electrophysiological indicators in multiple regions of the brain.
Who benefits?
- Healthcare practitioners and patients benefit from rapid diagnosis and consultation with reduced admissions, referrals, and wait time in association with telemedicine platforms.
- Service providers can connect their technology to smart wearables, enabling widespread adoption. Wireless brain sensors could also help insurance companies in determining access plans.
Wireless brain sensors market is estimated to grow ~1.9x by 2027
![](../assets/images/home/neurotech_grp4.png)
Global Wireless Brain Sensors Market
2020–27 | Figures in USD Bn
Smart Manufacturing
Efficient, intelligent, and flexible manufacturing through integration of smart technologies
Smart manufacturing refers to usage of a more efficient, intelligent, and adaptable manufacturing system powered by the integration of smart enabling technologies such as robotics, Internet of Things (IoT), machine learning (ML), artificial intelligence (AI), and augmented reality (AR). It offers multiple benefits including better visibility across value chains, data-driven decision making, quick response, fewer errors, and lower dependence on human workers. This has led to the emergence of revolutionary trends such as factory-in-a-box, digital twin, and AR/VR, which are expected to gain traction in the next few years.
Factory-in-a-box: A new disruptive business model for agile or reactive supply chain
Why is it a megatrend?
- A factory-in-a-box is a modular, mobile, and rapidly deployable production unit powered by industrial digital technologies.
- It could help manufacturers take the shortest route to market or shift the production facility or reconfigure the supply chain due to any disruptive event.
- Three key features of factory-in-a-box – flexibility, mobility, and speed – make it the ideal solution for generating on-demand production capacity to balance the supply chain.
Who benefits?
Multiple end industries can benefit from the factory-in-a-box concept:
- Electronics manufacturers: Nokia demonstrated its Factory in a Box 2.0 concept for manufacturing electronics equipment.
- Biopharmaceutical industry: GE’s biopharmaceutical factory-in-a-box can help companies speed up the production of viral vector-based therapeutics.
- FMCG sector: Unilever has tested the concept for food product manufacturing and plans to develop similar solutions for the beauty and home care product portfolio.
Increasing use cases across industries in last three years
Solution Developer | Application Industries |
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Electronics equipment |
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Biopharmaceuticals |
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FMCG |
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Refrigeration |
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Rockets |
Digital twin: A smart solution to monitor, simulate, anticipate and improve manufacturing process and operations
Why is it a megatrend?
- Digital twin is a virtual replica of a real-world physical entity such as the manufacturing process, product, or supply chain, which is fed with real data.
- With the evolution and penetration of smart technologies, such as industrial IoT, cloud computing, AI, and ML, digital twin is more relevant and is a more powerful tool for manufacturers.
- The digital twin technology can be deployed at various levels in the manufacturing environment, right from the component or asset level to system or process level.
Who benefits?
- Almost all manufacturing companies can benefit from the digital twin technology by modeling, simulating, predicting, and adapting processes and operations
- Unilever implemented digital twins of its factory to fine tune operations and improve overall productivity through optimization.
- Kaeser transformed its business to a service model by implementing a digital twin of its air compressors by monitoring compressor usage.
- Volvo is using a digital twin of its production plant to shorten lead time.
Global digital twin market to grow more than 10x by 2026
![](../assets/images/home/smartman_grp2.png)
Global Digital Twin Market
2020–26 | Figures in USD Bn
AR/VR: A smarter way of enhancing design, production, and training
Why is it a megatrend?
- The trend of AR (superimposing a computer-generated image onto a real-world view) and VR (computer-generated interactive simulation with 3D view) is becoming more relevant in the post-pandemic era.
- A recent survey reports that 56% of organizations have implemented some form of AR/VR technology, and another 35% are planning to follow suit.
- AR/VR technology can impact various functions across an organization, such as product design, assembly and quality control, maintenance, training, and can considerably simplify manual work.
Who benefits?
- A variety of industries can enhance their product design, production process, and training activities by implementing AR/VR.
- Nestle has deployed AR to remotely support its production and R&D sites during the pandemic.
- Boeing managed to reduce job time by 30% and improve quality by 90% with the implementation of AR in electric wiring installation operation.
- Schneider Electric is using AR smart glasses to assist workers with equipment troubleshooting, maintenance, and repair.
Global AR/VR market to grow more than 5x by 2026
![](../assets/images/home/smartman_grp3.png)
Global AR/VR Market
2020–25 | Figures in USD Bn
Automotive
Vehicle of the Future – Connected, Autonomous, Shared, and Electric (CASE)
CASE is disrupting the traditional way of doing business in the automotive industry, resulting in new avenues and increase in revenue pool by 30–35%.
Connected Solutions – Expected to be key features in vehicles by 2030 to unlock advanced capabilities (advanced safety, new mobility, autonomous driving, in car virtual assistance, etc.)
Why is it a megatrend?
Critical components for cars of the future:
- Connected solutions are systems that enable vehicles to connect with the driving ecosystem.
- Connected platforms are vital components that enable advanced safety, autonomous driving, and infotainment features in cars.
USD 5.8 billion in annual investments over 2015–20:
- Investments by all major OEMs (accounting for 85% of vehicle sales) are expected to enable connected features in over 93% of vehicles by 2030. This has resulted in over 31 major partnerships in the past five years.
Governments expected to mandate the use of technology:
- Intelligent transportation systems (ITS) and intelligent traffic management systems (ITMS) are part of planned advancements in transportation in all major countries. Connected technology would be a key component to enable this transition.
Who would benefit?
Car manufacturers:
- New channels of revenue from data monetization unlocking new business models for OEMs
- Potential reduction in vehicle recall costs (averaging ~USD2,200/vehicle) through OTA
- Enhanced features for consumes increasing value proposition and retention
Governments:
- Effective traffic management expected to improve economic activities in cities and enable faster response for emergency and recovery
Consumers:
- Enhanced safety and infotainment for consumers, thus enhancing the overall experience
~2x growth in connected vehicles, resulting in potential 85x growth in revenue
![](../assets/images/home/automo_grp1_1.png)
Increasing proliferation in vehicles
2020E-30F | Figures in % of annual vehicle sales
![](../assets/images/home/automo_grp1_2.png)
Revenue potential of connected solutions
2020E-30F | Figures in USD billion
Autonomous Solutions1 – Self-driving (Level 4/5) cars likely to account for ~15% of total vehicle miles traveled by 2030
Why is it a megatrend?
USD 8.5 billion in annual investments over 2015–20:
- Autonomous technology cuts across five key stages: Driver Assistance, Partial Automation (ADAS), Conditional Automation, High Automation, and Full Automation.
- By 2020, all major OEMs started investing in autonomous technology to unlock self-driving cars and change their business models. This has resulted in over 80 new major partnerships across the automotive industry.
Revolutionizing the concept of vehicles:
- Car manufacturers and technology companies are pursuing new models to transform into car-as-a-service. This has resulted in over 500 new startups boosting global economies.
Key governments facilitating transition:
- From designing laws to allowing live tests, key government bodies are helping in accelerating the development of autonomous solutions.
Who would benefit?
Car manufacturers and mobility service providers:
- New revenue potential through software and car-as-a-service
Technology companies:
- Access to automotive industry, which has been traditionally untapped
Governments and consumers:
- Car becomes a service, thus introducing new payment and ownership options
- Enhanced safety, with potential to enable ZERO accidents
1 – Includes SAE Level 1 to 5
~2.5x growth in autonomous solutions in vehicles, resulting in USD 600 billion market by 2030
![](../assets/images/home/automo_grp2_1.png)
Increasing proliferation in vehicles
2020E-30F | Figures in % of annual vehicle sales
![](../assets/images/home/automo_grp2_2.png)
Revenue potential of autonomous solutions
2020E-30F | Figures in USD billion
Shared Mobility – Vehicles become platforms for several services
Why is it a megatrend?
USD10.5 billion in annual investments over 2015–20:
- All major OEMs are funding shared mobility business and concepts to enable a disruptive transformation of use of cars. This is resulting in new revenue opportunities for OEMs.
Combining autonomous and electrification solutions to enhance realization:
- Shared mobility companies are actively partnering with several stakeholders to accelerate the adoption of autonomous and electrification solutions to substantially increase their profitability.
Governments and consumers expected to push adoption:
- To curb pollution and congestion globally, governments are designing policies to discourage the use of private vehicles.
- Consumers are realizing the economic benefits of adopting shared mobility services, thus increasing the overall demand.
Who would benefit?
Car manufacturers:
- New channels of revenue to supplement profitability and improve customer experience and base
Governments and consumers:
- Increasing focus to enhance overall economic value from automotive and transportation industries
Startups:
- Low barriers to entry, enabling startups to develop new and innovative business models
Evolving business models expected to drive over 20% CAGR to realize USD480 billion in revenue by 2030
![](../assets/images/home/automo_grp3_1.png)
Evolving business models
2020E-30F
![](../assets/images/home/automo_grp3_2.png)
Revenue potential of shared mobility
2020E-30F | Figures in USD billion
Electrification Solutions1 – Changing the entire supply chain eco-system
Why is it a megatrend?
8/10 OEMs actively focusing on dedicated platforms for EVs:
- Over 345 new EV models are expected to be launched by 2030 from existing OEMs and new entrants. This would increase the EV to ICE new model launch ratio.
- Substantial reduction in battery prices (accounting for ~35% of vehicle costs) by 2035 is expected to accelerate the adoption of EVs.
Low barriers enabling new entrants to the market:
- Over 70 new startups are developing EV solutions, as the reduced complexity of system designs is eliminating the traditional barriers to entry.
Tier I companies developing innovative products and solutions:
- BEV adoption is reducing the overall parts supply to OEMs from 2,000 to 20 moving parts in powertrain systems alone. This has forced Tier I suppliers to transition from parts suppliers to integrated solution partners.
Key governments targeting complete transition to EVs:
- To meet CO2 targets and enhance the quality of air, governments are developing laws and schemes that rapidly increase the adoption of EVs.
Who would benefit?
Car manufacturers and suppliers:
- Reducing battery prices and parts per vehicle, enabling OEMs and Tier I companies to reinvest their savings to enhance consumer value and realize higher profitability
Governments and Consumers:
- Reducing oil dependency, improved air quality, and reduced ownership costs
1 – Includes hybrids, FCEVs, and BEVs
~10X growth in adoption rate to result in ~8X growth in the revenue from electrification
![](../assets/images/home/automo_grp4_1.png)
Increasing proliferation in vehicles
2020E-30F | Figures in % of annual vehicle sales
![](../assets/images/home/automo_grp4_2.png)
Revenue potential of electrification solutions
2020E-30F | Figures in USD billion
Remote Diagnostics: Along with enhanced OBD tools, expected to facilitate real-time maintenance of vehicles
Why is it a megatrend?
- Remote diagnostics and cloud diagnostics facilitate real-time monitoring of vehicle health. It is done using 3G, 4G or Wi-Fi-based platforms that operate and record information on vehicle maintenance. The data is further analyzed by computers for taking corrective measures.
- Major OEMs and diagnostics tool providers are researching, developing and deploying the solutions to increase their aftermarket service share.
- Autonomous vehicles and connected vehicles, expected to increase in future, would have remote and cloud diagnostics by default.
Who benefits?
- Fleet managers and vehicle owners are the direct beneficiaries of innovation in remote & cloud diagnostics. Over the air updates and real-time notifications help them in taking better care of vehicles.
- It could provide OEMs with a new channel for revenue if they charge aftermarket service providers for sharing vehicle diagnostics data. Also, OEMs could increase their aftermarket service share by deploying software and restricting the diagnostics data.
Vehicle diagnostics market expected to grow over 3X to USD42.0 billion by 2025 at 14.8% CAGR (2017-25)
![](../assets/images/home/automo_grp5.png)
Global Vehicle Diagnostics Market
2017-25 | Figures in USD Bn
Procurement
Improving outcomes through environmental focus, and technological and process convergence
In wake of supply chain disruptions caused by the spread of COVID-19, organizations are focusing on making supply chains more resilient through supply base localization and supply chain digitization. Furthermore, organizations are adopting renewable/natural materials and moving toward a circular closed-loop model to reduce cost and environmental impact.
Organizations are adopting renewable/natural materials to gain competitive advantage through value creation and cost reduction
Why is it a megatrend?
- Sourcing renewable/bio-based/natural materials is gaining acceptance and becoming an integral part of organizations’ procurement strategy.
- Adoption of renewable/natural materials is rising primarily as it helps in reducing overhead costs (such as those regarding environmental regulations) and gaining competitive advantage through value creation (customers are focusing on sustainable products).
- While adopting this strategy, companies need to consider factors such as commercial feasibility of the initiative (pricing differential between renewable and non-renewable materials), commercial availability of raw materials, and the regulatory environment.
Who benefits?
- With the adoption of renewable/bio-based/natural materials, organizations are expected to move toward a sustainable supply chain; renewable/natural materials suppliers can partner with organizations.
- Technology companies can also partner with organizations to develop innovative renewable/natural materials.
Organizations focusing on sourcing renewable/bio-based/natural materials
![](../assets/images/icons/emerging-technologies/cpg.png)
CPG
Approximately 70% of the consumers are willing to pay a price premium for sustainable products.
![](../assets/images/icons/emerging-technologies/metal.png)
Metal
A 10 percentage point market share advantage has been observed for green producers in the US since 2008.
Organizations are moving toward a circular closed-loop model to reduce cost and environmental impact
Why is it a megatrend?
- Companies are moving from the linear model of “take, make, and throw away” to a circular closed-loop model wherein materials captured at the end of life are reused and refurbished.
- The circular model is beneficial compared to the linear model as it reduces environmental impact, provides protection against raw material price volatility, meets regulation standards, lowers production cost, etc.
- The adoption of a circular closed-loop model is supported by the new business delivery model (such as refill and reuse or rent and recommence) and technology (including recycling technology).
- Before switching to the closed-loop model, companies should compare the cost benefits with the potential costs of reverse logistics.
Who benefits?
- The circular closed-loop model will enable organizations to reduce manufacturing costs in the long run; entities involved in downstream operations (distributors and wholesale retailers) in the supply chain can partner with manufacturers to re-collect materials.
Organizations moving toward circular supply chain
![](../assets/images/icons/emerging-technologies/cpg.png)
CPG
By 2030, 37 of the world’s largest consumer brands and retailers plan to use recycled plastics in their packaging, signaling the opportunity to shift billions of dollars from the “take, make, waste” linear supply chain to circular supply chains.
![](../assets/images/icons/emerging-technologies/chemical.png)
Chemical
By 2030, the demand for recycled plastic will outpace supply by 5 million tons.
Companies are increasingly focusing on supply base localization to increase supply chain’s resilience
Why is it a megatrend?
- The supply chain disruption (specifically for companies with vendors based in different geographical locations) caused by the spread of COVID-19 is encouraging companies to focus on supply base localization/regionalization to make their supply chain more robust.
- As a step toward localization of the supply base, organizations are building near-shore capabilities, including identifying and mapping local/nearby suppliers, as well as, analyzing cost differences between near-shore and off-shore suppliers and identifying the potential synergies to reduce near-shore cost of sourcing.
Who benefits?
- With supply base localization, organizations are expected to have more control over the supply chain which would make the chain more resilient; local/regional suppliers can partner with organizations to create more jobs and improve regional/local economic conditions.
Organizations focusing on regionalization/localization of supply base*
Approximately 65% of the companies plan to localize the supply base by 2023.
Organizations plan to localize 43% of their supplier base by 2023, compared to 36% currently.
Note: *As per a survey conducted by Capgemini during August and September 2020 across 11 countries
Companies are increasingly focusing on supply chain digitization to make supply chain more agile
Why is it a megatrend?
- Companies are focusing on supply chain digitization to avail themselves of benefits such as improved customer service, cost savings through operational efficiency and increase in revenue.
- In wake of the COVID-19 crisis, companies plan to increase their investments in supply chain digitization.
- Organizations across the world are now adopting digital tools such as artificial intelligence, machine learning, and blockchain across the procurement process that includes market intelligence, contract management, invoicing, and supplier management, among others.
Who benefits?
- With supply chain digitization, organizations are expected to have more control over the supply chain which would make the chain more resilient; technology suppliers can partner with organizations to support them.
Organizations focusing on supply chain digitization*
![](../assets/images/home/proc_grp1.png)
Approximately 60% of organizations plan to increase their investments in supply chain digitization in wake of the COVID-19 crisis.
Note: *As per a survey conducted by Capgemini during August and September 2020 across 11 countries
Future of Personalized Medicine
Customizing diagnostics and treatment through patient-specific biological data
Healthcare is gearing toward the four Ps of medicine – predictive, preventive, personalized, and participatory. Personalized medicine is a medical model utilizing patient-specific biological characteristics for determining medical decisions, practices, interventions, and therapies. Proteomics, molecular diagnostics, next-generation sequencing, big data analytics, and pharmacogenomics are key tools assisting the advent of personalized medicine in the current healthcare landscape.
Proteomics – Upcoming field exploring the functional unit of a cell – enormously benefits disease diagnosis by identifying target proteins
Why is it a megatrend?
- Proteomics is an emerging field, as it can determine an individual’s functional protein networks that exist in a cell, tissue, or entire organism. It possesses the ability to provide proteome identity to patients with certain disorders and diseases.
- Clinical proteomics, owing to its ability to discover meaningful protein connections with high accuracy and sensitivity, would be useful to diagnose diseases with rare or unknown etiology, monitor the therapeutic effects and activities of drug regimens, and customize treatment options.
Who benefits?
- Rapid screening and early disease detection would help patients achieve quick support from healthcare personnel, and thus, improve outcomes.
- Pharma companies would benefit, as proteomics facilitates drug discovery and development through faster identification and validation of targets, determination of biomarker efficacy, and investigation of drug mechanisms.
Proteomics is expected to become a key resource for personalized medicine by 2027.
![](../assets/images/home/persmed_grp1.png)
Global Proteomics Applications Market
2020–27 | Figures in USD Bn
Molecular Diagnostics – Collection of genetic diagnostic tests ideal for screening infectious diseases, cancer, pre-natal chromosomal abnormalities
Why is it a megatrend?
- Molecular diagnostics tests detect biomarkers that provide information regarding a patient’s health condition. Advancement in understanding the effect of genetic alterations has offered better patient care based on their unique molecular profile. Currently, over 60,000 genetic tests are available in the market.
- Molecular diagnostics, as an integrative aspect of healthcare routines, has become the gold standard for the identification of infectious diseases. Further research is being conducted in other areas such as cancer, genetic screening, and women’s health.
Who benefits?
- Low cost for sequencing entire genomes and wide availability of the tests aid in the early identification of infections and thus helps healthcare clinicians and virologists in diagnosing diseases.
- Molecular diagnostics empowers the use of accurate and highly effective therapies, thus benefiting patients and payors by achieving better health outcomes and reducing hospital visits.
Molecular diagnostics is increasingly becoming a standardized diagnostic test
![](../assets/images/home/persmed_grp2.png)
Global Molecular Diagnostics Market in Personalized Medicine
2020–27 | Figures in USD Bn
Next-generation sequencing – Giant leap for personalized medicine, enabling rapid sequencing of entire human genome for identifying diseases
Why is it a megatrend?
- Next-generation sequencing (NGS) enables the rapid characterization of individual biological profiles and selection of precise curative treatment. The applications of NGS have also expanded into the development of novel targeted drugs.
- NGS technologies have evolved in terms of resolution and accuracy, sequencing speed, throughput, and cost-effectiveness in genomic analysis. Further advancements enabling its implementation to rapidly obtain whole genome sequencing, RNA sequencing, and exome sequencing would aid in the characterization of all diseases.
Who benefits?
- Healthcare facilities (hospitals, laboratories, clinics), patients, and payors would achieve low-cost, fast, highly sensitive tool to detect a range of diseases. This would eliminate the need for multiple tests to accurately identify causative factors of various diseases, especially cancer.
NGS, a high-growth and fundamental tool, is expected to grow by ~140% by 2027
![](../assets/images/home/persmed_grp3.png)
Global NGS Market in Personalized Medicine
2020–27 | Figures in USD Bn
Big Data Analytics – Radically transforming analysis of massive influx of data relevant to symptoms, biomarkers, diagnostics, therapy, and adverse effects
Why is it a megatrend?
- One of the biggest technology enablers of personalized medicine is big data analytics, comprising several computational models that allow physicians to organize data, recognize patterns, and interpret results.
- A prime example is electronic patient health record (EHR) which is the main source of big data containing large-scale information on genetics, diagnosis, treatments, and other relevant information of patients.
- New technological advancements such as mHealth, Internet of Things (IoT), and wearables are triggering the demand for the integration of big data analytics in healthcare.
Who benefits?
- Healthcare service providers and practitioners can easily define diagnostic findings and quickly comprehend large amounts of data.
- By analyzing patient data and enabling correct physician-patient connections, patients would benefit from reduced referrals and receive enhanced clinical outcomes.
Big data analytics, essential for healthcare, is predicted to grow by ~125% by 2027
![](../assets/images/home/persmed_grp4.png)
Global Big Data Analytics Market in Personalized Medicine
2020–27 | Figures in USD Bn
Pharmacogenomics – Cornerstone of personalized medicine, with the potential to become a mainstream treatment plan in future
Why is it a megatrend?
- Pharmacogenomics plays two major roles in precision medicine. First, it guides healthcare practitioners to select the optimal drug and its dosage for patients based on their genetic make-up to avoid adverse drug reactions and maximize drug efficacy. Second, it guides pharmaceutical companies throughout drug discovery and development by understanding pharmacodynamics, pharmacokinetics, and biochemical and physiological response to drugs.
- Several targeted therapeutics that benefit subpopulations of patients are being identified and labelled on products.
Who benefits?
- Patients receive better-targeted therapies, hence improving clinical outcomes, decreasing side-effects, and reducing the number of medications and duration of treatment.
- Pharmaceutical companies would benefit from the reduced number of failed drug trials and time taken for drug approval, and thus, would achieve eventual reduction in cost of R&D and clinical trials.
Pharmacogenomics, a core element of personalized medicine, would register ~1.6x growth by 2027
![](../assets/images/home/persmed_grp5.png)
Global Pharmacogenomics Market in Personalized Medicine
2020–27 | Figures in USD Bn
Functional Materials
Next-gen materials with augmented and active functionalities
Functional materials represent a new class of materials with advanced properties. These properties enable new application opportunities and pave way for addressing chronic limitations such as limited thermal conductivity of polymers, lighter and non-hazardous materials for sensing applications, and developing sustainable materials as an alternative to the conventional ones.
Material manufacturers are striving hard to develop new functional materials and this is an area where they require R&D support and business intelligence.
Following mega-trends can be observed for functional materials:
- Nano-engineered materials
- Smart materials
- Sustainable polymer composites
Nano-engineered materials – enablers of new application opportunities with enhanced performance
Why is it a megatrend?
- Nano-scale engineering enables additional functionalities and fine tuning, thus, enhancing the value proposition and price premium. As an example, additives such as silica were traditionally used as fillers only. However, nano-engineering approaches such as surface functionalization have helped improving their surface characteristics, which ultimately has opened doors for its applications in thermal conductivity, adsorption, and catalysis.
- Material manufacturers shall be exploring and implementing these value additions to leverage opportunities generated by the added value proposition.
Who benefits?
- Additive manufacturers, thermal management material manufacturers, catalyst producers, home appliance manufacturers aiming at clean living, material or device manufacturers for healthcare and electronics, etc.
Nano-engineered materials market estimated to grow to ~USD 30 Bn by 2027
![](../assets/images/home/functionalmat_grp1.png)
Global Nano-engineered materials Market
2020-27 | Figures in USD Bn
Smart materials – Healthcare, electronics, and medical are the key applications; sensors represent another significant application area
Why is it a megatrend?
- Connected with the trends such as AR/VR, AI, and advanced drug delivery, smart materials would play a significant role in the technology development. These materials are characterized by their unique stimuli-response characteristics and they can find utility in various sensing and actuation processes.
- A broad range of smart materials (electroactive, photo-sensitive, heat sensitive, etc.) offers plenty of alternatives for selecting the most suitable one for the purpose. Although various technologies are at different stages of development, the most advanced ones are visible in the industries such as electronics, AR/VR, and medical.
Who benefits?
- Material manufacturers, sensor and device manufacturers, end-product manufacturers in medical, electronics and home appliances.
Smart materials are expected to cross USD 85 Bn by 2027
![](../assets/images/home/functionalmat_grp2.png)
Global smart materials Market
2020–27 | Figures in USD Bn
Sustainable polymer composites – Pursuit for sustainable alternatives has driven the R&D and innovation in various end-use industries
Why is it a megatrend?
- As polymer composites have already been recognized for their unique advantages such as superior strength and lighter weight, demand for these materials is continuously unfolding in various existing and new applications.
- On the other hand, polymer composites have also started witnessing the impact of sustainability movement where sustainable alternatives to the traditional polymers and reinforcements are being developed.
Who benefits?
- End-use industries such as automotive, sports, non-durable consumer goods, building and construction, composite manufacturers, etc.
Various organizations assisting companies in developing sustainable polymer composites
Organisations
![](../assets/images/home/functionalmat_grp3_1.png)
Over 40 organizations actively researching in sustainable polymer composite technologies
![](../assets/images/home/functionalmat_grp3_2.png)
Internet of Things (IoT)
Improved connectivity, on−device analytics and energy efficiency to drive the next wave of IoT growth
Existing telecom infrastructure and technologies pose a challenge to expanding the reach and efficiency of connected devices. The next paradigm shift for IoT will be driven by addressing these issues through developments such as satellite IoT, tiny machine learning and internet of nano things.
Satellite IoT: Amid robust growth in satellite-based connectivity, a new generation of Smallsat networks set to take off to drive IoT growth
Why is it a megatrend?
- Cellular connectivity covers just about 20% of the globe. A much wider connectivity worldwide is required for IoT devices to run seamlessly, something only a low earth orbit (LAO) satellite can facilitate in the foreseeable future.
- Initiatives such as SpaceX’s Starlink, Amazon’s Project Kuiper, and Softbank-backed OneWeb to bring satellite-based internet access to areas underserved by terrestrial networks.
- The annual fee charged for IoT satellite focused end device connectivity, expected to be implemented in 2021-22 to reach $6 billion by 2025.
- The successful deployment of low-cost low power LAO Smallsats by multiple companies from 2019-20 would boost growth in this sector.
Who benefits?
- Industries such as agriculture, smart grid, oil and gas, pipeline monitoring, small vessel tracking, transportation, and retail would need constant access to IoT service provided by Smallsats.
Global market for IoT-focused satellite connected devices
![](../assets/images/home/iot_grp1.png)
IoT/M2M Devices
2020-25 | Figures in Million
TinyML: Deploying efficient AI capabilities to IoT devices, will optimize ML for processing on tiniest microcontrollers, consuming much lower power
Why is it a megatrend?
- Tiny Machine Learning (TinyML) deploys neural networks by downsizing the technology on microcontrollers, implementing ML, but on smaller devices, with less costs, energy and without internet connection.
- TinyML has gained traction recently due to its ability to improve IoT applications by making them energy-efficient, reduce latency, and improve data privacy and security
- The broad tailwinds of IoT have been the key drivers of microcontroller growth. TinyML on microcontrollers provides advanced opportunities for analyzing and making sense of the enormous data generated by the IoT.
Who benefits?
- Industries such as manufacturing, healthcare, retail, and agriculture have recognized the value of TinyML.
- Other core ecosystem participants such as chipset manufacturers, developers, and cloud players need to work together facilitate rapid development in IoT applications.
TinyML market to grow ~12x by 2025
![](../assets/images/home/iot_grp2.png)
Global TinyML Market
2020-30 | Figures in Million Shipments
Internet of Nano Things (IoNT): The next step in the evolution of IoT to make devices smaller and more energy-efficient
Why is it a megatrend?
- Two of the most significant challenges for IoT devices today are energy efficiency and short battery life, which limits their utility.
- Small/nano devices require less power to operate as miniaturization paves the way for IoNT, where power consumption is reduced by the order of magnitude to microwatts, nanowatts, and picowatt, and the devices become more functional.
- Autonomous and embedded sensors, through a combination of micro and nano system technologies, would revolutionize self-powered, high bandwidth devices that are used for advance manufacturing (AM), artificial intelligence (AI) and IoT.
Who benefits?
- The integration of nanotechnology and IoT would benefit healthcare (body sensor networks), smart homes (nano sensors), food and agriculture, telecom and IT, and environmental monitoring.
Global market for IoNT devices
![](../assets/images/home/iot_grp3.png)
Market Projections
2020-26 | Figures in USD Bn
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