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Megatrends Shaping Future Tech Opportunities

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NASSCOM report titled ‘Megatrends Shaping Future Tech Opportunities’ highlights the five major, non-linear transformations, manifesting as global megatrends, that will generate high-impact opportunities, at unseen speed and scale, necessitating just-in-time response agility from demand-supply-trust ecosystems built on a strong core of digital technologies and connectedness.

Key Findings

Global Megatrends by 2030

<ul>
    <li>The five most impactful megatrends will be – Asian economic eminence, mass-urbanization, environmental sustainability stress, data-led economy, and disrupted future of work</li>
    <li>Digital technologies will play a fundamental role in building solutions to challenges from these shifts</li>
</ul>
 

Key Megatrend Impact Areas

  • Producers will seek to serve opportunities emerging from Asian economic rise, data deluge and changing future of work
  • Consumers will desire technological solutions addressing environmental sustainability challenges
Megatrend Drivers

  • Asian consumption led by its middle-class in urban areas will grow the fastest in spend propensity and appetite for personalized digital solutions
  • Millennials and Gen Z will demand environmentally conscious products, services, and ways of work
Emerging Opportunities

  • An estimated USD 270 trillion of global GDP by 2030 will have a significant technology input – nine technologies alone will collectively realize USD 33 trillion of this GDP
  • Technology could cut the cost of managing sustainability due to rapid growth, to the tune of USD 1.7 trillion

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