The world is in the midst of rapid changes. The most important contributing factors are the development of artificial intelligence, climate change, and geopolitical volatility, all of which in turn affect the global economy.
Nevertheless, every change also presents an opportunity. PwC global research indicates that by 2035, the global economy could grow from the current estimated value of 105.28 trillion dollars to 132.54 trillion dollars. This means that for those who develop smartly, there are growth areas worth 27.26 trillion dollars on the table.
Over the next decade, companies will undergo transformation and increasingly leverage various growth opportunities, operating in new ways across traditional industry boundaries. This restructuring will be driven by megatrends, the development of artificial intelligence (AI) and automation, as well as demands arising from climate change, which will reshape energy models, supply chains, and investment strategies.
According to PwC's analysis, traditional industries will begin to transform, and new dynamic sectors will emerge, based on cross-industry collaboration. In the analysis, we have identified six sectors offering growth opportunities, which are expected to meet consumers' fundamental needs, such as how we move, produce, and build, as well as how we supply food. This is in addition to three enabling sectors related to financing and management, which should contribute to achieving long-term growth and profitability.
Tech giants are investing in the energy industry, banks are developing software, and fast-food providers are offering wellness services.
Read more to find out how industries and sectors are changing and evolving, diverging and converging, and transforming into entirely different areas of value.
Real stories. Real results.
General Electric's decision to split into three independent public companies — GE HealthCare, GE Aerospace and GE Vernova — was more than just a corporate restructuring; it was a bold leap toward industry-specific innovation. PwC worked hand-in-hand with GE at each step from consulting to execution to form three new companies that can foster business growth and better serve customers.
PwC India worked with a client and developed an AI solution, which was integrated with the client's smartphone application, allowing for nearly cost-free cataract screening for the elderly. This in turn makes it possible to cover large and remote areas and detect cataracts early, reducing the rate of blindness and improving the quality of life for many people.