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Generation Z, the generation that comes after millennials, is now coming of age, entering the workforce, and growing in consumer power. By 2027, Gen Z will represent 20% of the US population--about 70 million people. In the United States, it is estimated that Gen Z has a direct spending power of at least $143 billion and an indirect spending power ...

18 Mar 2020  |  Global  |  Megatrends

The Future of Privacy and Cybersecurity, Forecast to 2030

Exploring New Frontiers and Challenges for Network Security in a Connected Era

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This study explores the rapidly-evolving landscape of privacy and cybersecurity triggered by a rise in the number of connected devices. By 2030, a complex mesh of 200 billion devices around the world will exist, with over 20 connected devices per human. Every connected device in a smart home or city will be a potential access point to our most sens...

With customers adapting to the post-pandemic normal and preferring to stay at home, brands across the globe are seeking solutions to meet the increased demand for online services. The relatively sudden and significant increase in eCommerce has made it challenging for companies to maintain a workforce for customer assistance. Brands are relying on t...

Artificial intelligence (AI) is emerging as a foundational driver of global economic growth, with private AI investment shifting from experimentation to industrial-scale deployment. Beyond R&D, investment is increasingly directed toward expanding data center capacity, strengthening semiconductor supply chains, and securing reliable energy infrastru...

04 Oct 2019  |  Global  |  Megatrends

Future of Construction, Global, 2030

Revolutionary Trends Impacting the State of Construction Industry

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The construction industry plays a major role in driving economic growth in major developed and developing countries and has a direct impact on world GDP. This makes it important to focus on some of the major shortfalls in the industry, such as its traditional ways of carrying out business and the shortage of skilled labor which has slowed down grow...

The Association of Southeast Asian Nations (ASEAN) will be the fastest-growing economic bloc, growing at an average real GDP growth rate of 4.4% between 2024 and 2032. This growth will significantly outpace its own 3.3% growth recorded between 2018 and 2023. A young and growing workforce, coupled with rising labor force participation, will anchor p...

This research explores the powerful global forces that will reshape business, society, and technology over the coming decade, offering a holistic view of the megatrends redefining the future operating environment. These forces span geopolitical fragmentation, demographic divergence, technological acceleration, environmental pressures, and fundament...

While the global economy is experiencing its worst disruption in decades with uncertainties surrounding the magnitude of COVID-19’s impact, a way forward persists. In this research, Frost & Sullivan analyzes the scale of impact on global gross domestic product (GDP) growth and other critical macroeconomic elements such as unemployment, inflation, a...

In the context of a global economic and business environment, emerging markets have increasingly been taking center-stage in the growth strategies of businesses across the globe, with GDP growth rates across emerging markets outpacing that of developed economies. With accelerated middle-class expansion and a large and growing working-age population...