Dubai, UAE — Technology is transforming every aspect of our lives. A simple look at the impact Artificial Intelligence (AI) is having on different sectors is enough to confirm its revolutionizing effect on our entire economies.
What seemed like science fiction a few years back is now a reality, and the world and we are adapting. Who would have imagined AI potentially injecting $15.7 trillion into the global economy? How abstract was it to picture quantum computing solving challenges once thought impossible? Wasn’t it fictional to talk about 60% less traffic in our cities, and perceive cars as a non-polluting environmentally friendly tool? On a more human level, could we believe a couple of decades ago in healthcare that is more personalized and accessible than ever before? How rhetorical was it to think that doing good to our planet can go hand in hand with our aggressive modes of production?
Mastering technological advancement places Humanity on a fast track, a process to which we are adapting, reinventing ourselves, and exploring new boundaries of creativity. The following data and predictions are inspiring, sometimes challenging, but most importantly they give us some insights about the incredible journey humanity embarked upon and the direction towards which it is heading.
1 – +6%/-20%
- By 2030, companies that fully absorb AI tools across their enterprises could achieve additional annual net cash-flow growth of about 6% for over 10 years.
- By 2030, companies that do not adopt AI technologies or have not fully absorbed them might experience a 20% decline in their cash flow from today’s levels.
2 – $15.7 tn
AI is projected to add $15.7 trillion to the global economy by 2030.
3 – 18.4%
The global smart cities market is to grow 18.4% by 2030 to reach $2.57 trillion, from $820 billion in 2023.
4 – $15 tn
The global travel and tourism industry is projected to contribute over $15 trillion annually to the world economy by 2030.
5 – 70%
By 2030, 70 percent of companies might have adopted at least one type of AI technology, while less than half will have fully absorbed the five AI categories.
6 – $100 bn
The global video streaming revenue is expected to exceed $100 billion by 2030.
7 – 60%
By 2035, 60% of the city traffic and emissions can be reduced thanks to shared autonomous electric vehicles.
8 – $1 tn
Metaverse is projected to become a $1 trillion market by 2030.
9 – $100 bn
The precision medicine market is expected to surpass $100 billion by 2028.
10 – $50 bn
Digital fashion is projected to grow into a $50 billion market by 2030.
11 – > $13 tn
The global autonomous vehicle market is forecasted to reach $13.63 trillion by 2030.
Sources: PWC, European Parliament, McKinsey, Fortune, Fortune Business Insights, Wef, Vogue Business, Wellness Tourism.
