Organizations

WHAT'S NEW?: Moves away from traditional, hierarchical, full-time structures towards a gig and shared economy continue apace. New models of virtual working and work anywhere, anytime for anybody are likely to grow dramatically in the coming years.

[New] 67% of business and IT managers expect the sheer quantity of data to grow nearly five times by 2025.
[New] Even after the bricks-and-mortar stores reopen and their sales revive, e-commerce will continue to gain more than 1% of the total retail sales each year through 2024 after losing a mere 0.1% share in 2021.
[New] The battle for consumer relevance will require business owners to improve their propositions, adapt to customer needs, and customize communications to send the right signals at the right times.
[New] The passenger car market will contract by 15% during 2020 relative to 2019, while global sales of electric passenger and commercial light-duty vehicles will remain broadly at 2019 levels of 2.1m, with electric car sales accounting for about 3% of global car sales in 2020.
[New] Nearly two-thirds of passenger-kilometers travelled in China by 2040 will be in self-driving vehicles, generating two trillion U.S. dollars in combined revenues from mobility services and sales of autonomous cars.
[New] Landscaping services in the US generated $101.7 billion in revenue in 2020, while commercial landscaping services (maintenance and general services) have been projected to range between 40 and 60% of the overall landscaping service industry in the US.
[New] To help drive the consistent adoption of social value across central government, a new social value framework developed by the Cabinet Office is due to be released in summer 2020 and will give social value a mandatory minimum weighting of 10% in all government contract awards going forward.
[New] While diabetes mellitus is the seventh highest global cause of death on its own, according to the World Health Organization, it significantly raises the risk of heart disease, which is the leading cause of death in the United States and worldwide.
[New] The growth of China's digital economy will reach RMB 60 trillion while the revenue of software and information service industry will reach RMB 13.1 trillion by 2025, demonstrating vast market potential.
[New] The Function as a Service market is expected to grow from USD 1.88 Billion in 2016 to USD 7.72 Billion by 2021, at a Compound Annual Growth Rate of 32.7% during the forecast period.
[New] The Disaster Recovery as a Service (DRaaS) market is expected to reach USD 12.54 billion by 2022, at a Compound Annual Growth Rate of 41.8% during the forecast period.
[New] The market for Business Process as a Service (BPaaS) market size is expected to grow from USD 40.2 billion in 2017 to USD 68.8 billion by 2022, at a Compound Annual Growth Rate of 11.3%.
[New] The data warehouse as a service market size is expected to grow from USD 1.2 billion in 2018 to USD 3.4 billion by 2023, at a Compound Annual Growth Rate of 23.8% during the forecast period.
[New] The High Performance Computing as a Service market is projected to reach USD 10.0 billion by 2023 from USD 5.7 billion in 2018, at a CAGR of 11.9%.
[New] The Global Cloud Database and Database as a Service (DBaaS) Market size is expected to grow USD 24.8 billion by 2025, at a Compound Annual Growth Rate of 15.7% during the forecast period.
[New] The Biometric-as-a-Service Market is expected to grow from USD 1.5 billion in 2020 to USD 3.7 billion by 2025, at a CAGR of 19.7% during the forecast period.
[New] Data breaches by employees are seen as the biggest risk to an organization - with 40% of respondents naming internal breaches as the biggest threat in the coming year.
[New] Ecommerce is giving retailers hope: In the U.S., online retail sales are expected to grow 18% in 2020, driven by an increasing number of digital buyers and a rise in average spending.
[New] Verizon will spend $1.9 billion to speed up its deployment of superfast 5G telecom service as a top bidder for US bandwidth that balances range and data speed.
[New] The energy and technology (22%) industries are currently 5G investment leaders, with health care and financial services (58%) organizations projected to emerge as the biggest investors within three years.
[New] By increasing export sales to countries like China, Canada, the US and UAE, the UK industry could get back on track after Food and Drink Federation data shows that net business confidence among manufacturers reached a record low of -65.2% in Q2.
[New] Neophotonics, the Nasdaq-listed producer of various optical communications products, including silicon photonics and photonic integrated circuits, has warned that new restrictions on business with China's Huawei - by far its largest customer - could have a major impact on future sales.
[New] Chinese diplomats recently warned Australia that its calls for the World Health Organisation to probe the origins of the novel coronavirus could see Chinese consumers lose interest in Australian products.

See full forecast

Last updated: 14 September 2020