Business Model

• The autonomous vehicle services market is expected to grow from a mere $1.1 billion in 2019 to $202.5 billion in 2030 at a CAGR of 60.1%, facilitated by mutually beneficial business models across the entire mobility value chain.
• Industries have differing economic and regulatory structures that will affect the timing and adoption of the new business models that 5G will enable.
• Major luxury brands - long wary of the secondary market for fear of brand dilution - are paying closer attention to a business model that's gaining serious traction with Gen-Z and Millennial consumers, who are set to account for more than 60% of total luxury spending by 2026.
• The global utilities sector, which has a market capitalization of US$ 2.1 trillion, is at the front end of a dramatic energy transition that will radically alter future market strategies, business models, and customer interactions.
• The adoption of a more conscious approach to fashion consumption, changes in consumer behavior during use and reuse, and the introduction by brands of radically new business models could contribute 347 million metric tons of emission abatement in 2030.
• Open Banking will change the structure of banking as new operational models arise through open innovation and platform-based business models.
• The disruption caused by the COVID-19 pandemic has forced governments and businesses to re-evaluate their service and business models more fundamentally than ever before.
• Businesses that are ready to timely optimise business models, marketing, product design and development for changes in the modern market will take advantage in 2020.
• Resiliency in supply chains and business models - the ability to adapt to and survive shocks and disruptions - is more essential than ever, not least because the climate crisis is a 'threat multiplier' and makes future economic shocks more likely.
• MHA will be reviewing all gambling legislation by 2021, so that it will be able to effectively address new kinds of gambling products and business models.
• By 2021, MHA will review and amend all gambling legislation by 2021 to ensure regulatory mechanisms can effectively address evolving gambling products and business models.
• The autonomous vehicle services market is expected to grow from a mere US$1.1bn in 2019 to US$202.5bn in 2030 at a CAGR of 60.1%, facilitated by mutually beneficial business models across the entire mobility value chain.
• The market for 5G cellular connections in manufacturing is expected to reach US$ 10.8 billion by 2030, at a Compound Annual Growth Rate of 187%.
• More companies will need to make corporate social responsibility (CSR) central to their business models to meet the demands of consumers who are hungry for change.
• In the US, fee-free digital trading app Robinhood is taking the market by storm: Established players have been forced to rewrite their business models by abolishing commissions, as the app - currently serving 10 million users - is viewed as a company which could potentially go public in 2020.
• Initial establishment of an AI innovation system will be accomplished, and new AI industries, industry modes and business models will appear continuously.
• The nature of luxury customers is evolving fast: younger luxury buyers seek an ongoing conversation with brands which will force them to innovate both their business models and value propositions.
• The movement toward open banking and open APIs will only increase the speed of change as fintech business models and technologies allow them to align with new opportunities very quickly.
• International Resource Panel modelling sees a boost of 8% in global growth above a historical trends scenario from 2030 to 2060 through efficiency measures in construction and manufacturing alone.
• As new business models and cheaper hardware propel robot costs downwards, BNEF expects the number of robotics startups to grow over the next 3-5 years.
• If operators pursue new business models to improve data monetisation and unlock the enterprise opportunity then it is anticipated that they will be able to grow revenues globally at a CAGR of 2.5% during the 5G era, to $1.3 trillion in 2025.
• Trump's tariff threats are an attack on the German automakers' business model, compounding the challenge from the decline of diesel and the rise of electric and autonomous vehicles.

Last updated: 22 November 2020