18 industries that could reshape the global economy
These “future arenas of competition” could potentially create between two and 6 trillion dollars in profit by 2040
There are 18 industries that could create between $29 trillion and $48 trillion in value by 2040, says a McKinsey & Co report
These "future arenas of competition" could potentially create between two and 6 trillion dollars in profit by 2040, says Financial Management Magazine.
McKinsey determined these industries by identifying 12 high growth, dynamic arenas that have developed since 2005, and analysing data relating to 3,000 of the world's largest companies.
Keep updated, follow The Business Standard's Google news channel
The 18 potential arenas were then selected from those of today that are likely to continue to develop, such as e-commerce, cloud services, and electric vehicles; "spin-off arenas" such as AI software and services (a spin-off from the software industry); and emerging arenas not closely related to existing ones, such as space, batteries, and drugs for obesity and related conditions.
