Top Innovations Bolstering Growth Opportunities in 2020
Disruptive technologies go mainstream
This report looks at global trends set to make an impact in 2020. Every year Frost & Sullivan's Visionary Innovation Team of futurists, consultants, and analysts scans the short-term horizon and looks across industries to identify areas of disruption in the new year. Along with the top trends, the study also analyzes key growth opportunities with the highest market potential and innovation attractiveness in 2020. Our new Growth Opportunities Radar will help you identify the top growth opportunities that can contribute to your growth strategy.
The top trends identified include:
Drone Deliveries Take Flight: 2020 will be a promising year for drone deliveries, as several companies move from testing towards mainstream adoption. Technologies that are able to combine different sources of information, such as LiDAR and imagery, will evolve rapidly to meet the demand for drone deliveries. US commercial deliveries will take off primarily in the US; Amazon plans to bring its consumer drone deliveries in effect by 2020. Delivery service giants UPS and Fedex and Alphabet’s Wing will be key companies to watch out for in this space. The regulatory landscape is also expected to evolve, as new drone regulations will come into effect by 2020 across multiple regions.
New Age Retail: Shift in focus towards branding and customer experience will drive the transition in retail in 2020. Retailers will increasingly leverage digital technology solutions to manage their supply chains, improve operational efficiency and overall customer experience. Retail IoT, augmented reality and AI in retail present the most promising growth opportunities in this space.
Future of Free Time: The lines between work and free time will begin to blur as work becomes more digitized, automated and unconstrained by time or place. The gaming industry, as a consequence, is expected to benefit from this transition. Further, new technologies such as 5G, cloud gaming, AR/VR will result in innovative on-demand gaming services.