3.11.2025

Artificial Intelligence (AI) and Machine Learning (ML) are advancing at a rapid pace, revolutionizing industries and reshaping how businesses operate.  From generative AI and automation to cybersecurity and smart cities, AI is playing an increasingly critical role in modern society.  In 2024, global AI spending reached $235 billion, and it is projected to exceed $636 billion by 2028.  This rapid growth reflects AI’s potential to transform sectors like healthcare, transportation, finance and entertainment. Let’s dive into the most important AI and ML trends shaping the industry in 2025.

Even more information on this industry is available!  Check out our Artificial Intelligence and Machine Learning Industry Center.

Plunkett’s Artificial Intelligence (AI) & Machine Learning Industry eBook, latest edition.

1. The Rise of Generative AI and Large Language Models (LLMs)

One of the most significant developments in AI is the explosive growth of Generative AI (GenAI) and large language models (LLMs).  Companies like OpenAI (ChatGPT), Google DeepMind (Gemini), Stability AI and Anthropic (Claude) have launched advanced AI tools capable of generating text, images, music and even software code.  These tools are increasingly being integrated into productivity applications, research platforms, and customer service solutions.

• Generative AI in Research and Business: AI-powered assistants like OpenAI’s ChatGPT and Google’s Gemini are being used in businesses to summarize reports, generate marketing materials, and automate complex research.
• Legal and Ethical Challenges: As AI models become more sophisticated, concerns about copyright infringement, misinformation and AI-generated fraudulent video (deepfakes) have intensified.  Lawsuits from publishers and artists are raising critical questions about AI’s reliance on human-generated data.
• AI in Software Development: Platforms like GitHub Copilot and OpenAI Codex are helping programmers write and debug code faster, increasing software development efficiency.

The generative AI boom is only beginning, and as models become more refined, their impact will continue to expand across industries.

2. AI-Powered Automation and the Changing Workforce

AI-driven automation is transforming the workforce. Robotic Process Automation (RPA) and AI-driven digital assistants are handling routine tasks in industries like customer service, financial services, and legal documentation.

• AI in Customer Support: AI chatbots and virtual assistants powered by LLMs are replacing human agents in customer service roles, reducing response times and operational costs.
• AI and White-Collar Jobs: McKinsey estimates that 25% of work tasks across industries could be automated by AI, particularly in customer service, software engineering and financial analysis.  However, new job roles are emerging in AI model training, AI ethics, and data science.
• Human-AI Collaboration: Instead of replacing jobs entirely, companies are focusing on AI-augmented workflows where humans and AI systems work together to boost productivity.

While AI-powered automation enhances efficiency, businesses and policymakers must address workforce displacement and retraining challenges.

3. AI in Healthcare: Revolutionizing Medicine and Drug Discovery

AI is making significant strides in healthcare, improving diagnostics, medical imaging and pharmaceutical research.

• AI in Disease Detection: AI-powered medical imaging tools can detect diseases like cancer, Alzheimer’s, and cardiovascular conditions earlier and with greater accuracy than traditional methods.
• AI-Driven Drug Discovery: Pharmaceutical companies are leveraging AI to analyze genetic data, predict drug efficacy and accelerate clinical trials.  AI-driven platforms like DeepMind’s AlphaFold have made groundbreaking contributions in protein structure prediction.
• Personalized Medicine: AI is being used to tailor treatment plans based on an individual’s genetic makeup, increasing the effectiveness of medical treatments.

With AI’s growing role in healthcare, ethical considerations around data privacy, algorithm bias, and AI-assisted decision-making must be carefully managed.

4. Smart Cities and AI-Driven Urban Planning

AI is reshaping urban living through smart city initiatives that optimize traffic management, energy consumption and public safety.

• AI in Traffic Management: AI-powered traffic lights and smart routing systems are reducing congestion and improving road safety. AI-driven traffic management has already cut commute times by up to 20% in major cities.
• AI in Public Safety: Facial recognition and surveillance AI are being used to enhance security, but these technologies raise privacy and ethical concerns.  Governments are under pressure to establish regulations ensuring responsible AI use.
• Smart Energy Grids: AI-powered energy management systems are improving efficiency by predicting electricity demand and integrating renewable energy sources.

As cities become smarter, the balance between AI-driven efficiency and personal privacy will be a key area of debate.

5. Self-Driving Vehicles and AI in Transportation

The race to develop fully autonomous vehicles is accelerating, with companies like Tesla, Waymo and Uber investing billions in AI-powered driving systems.

• AI in Self-Driving Cars: AI-powered sensors, telematics and real-time traffic data are improving vehicle safety and efficiency.  While Level 5 (fully autonomous) self-driving vehicles are still in development, Level 3 and 4 systems are already being tested in urban environments.
• AI in Logistics: AI-driven predictive analytics is optimizing supply chains, reducing delivery delays and automating warehouse operations.
• AI and Delivery Drones: E-commerce companies like Amazon are deploying AI-powered drones for faster and more efficient last-mile delivery.

While self-driving technology continues to evolve, regulatory challenges and safety concerns remain significant hurdles.

6. AI in Finance: FinTech, Fraud Prevention, and Automated Trading

AI is transforming financial services by enhancing fraud detection, automating trading strategies and streamlining loan approvals.

• AI in Fraud Detection: AI algorithms analyze transaction patterns in real-time to identify fraudulent activities, reducing cybercrime risks.
• AI in Investing: Hedge funds and financial institutions use AI-driven models to predict stock market trends and execute high-frequency trades.
• Robo-Advisors: AI-powered investment platforms like Wealthfront and Betterment provide automated financial advice and portfolio management, making investing more accessible.

With the financial industry increasingly relying on AI, data security, ethical AI use, and regulatory compliance are key challenges.

7. AI and Cybersecurity: Defending Against Evolving Threats

As AI adoption grows, cybersecurity threats are evolving.  AI-powered attacks, including deepfake scams and automated phishing schemes, are becoming more sophisticated.

• AI in Cyber Defense: AI-driven cybersecurity systems can detect, analyze and neutralize cyber threats in real-time, reducing the risk of data breaches.
• AI in Identity Verification: AI-powered facial recognition and biometric authentication enhance security for online transactions.
• AI-Generated Threats: Hackers are using AI to create undetectable malware and automate cyberattacks, prompting a cybersecurity arms race.

As AI enhances both cyber defense and cybercrime, governments and businesses must stay ahead of AI-driven threats through proactive security measures.

8. Ethical AI and Regulation: Addressing Bias and Transparency

With AI’s rapid expansion, concerns around bias, fairness and accountability are gaining attention.

• Regulating AI Bias: AI models trained on biased datasets can perpetuate discrimination in hiring, lending, and law enforcement.  Regulators are pushing for AI audits and transparency.
• AI and Privacy Concerns: The rise of AI-driven surveillance and data collection has sparked debates about digital privacy and consumer rights.
• AI Governance and Compliance: Governments worldwide are working on AI regulations to ensure ethical AI deployment and protect consumers.

As AI becomes more embedded in daily life, companies must prioritize ethical AI practices and regulatory compliance.

Conclusion

Artificial intelligence is revolutionizing industries at an unprecedented pace.  From generative AI and automation to cybersecurity and smart cities, AI is shaping the future of business and society.  While AI’s benefits are immense—enhancing efficiency, improving healthcare, and driving innovation—challenges around ethics, security, and workforce displacement must be carefully managed.

The key to AI’s success lies in responsible innovation, ensuring that AI-driven advancements are transparent, ethical and beneficial to society.  As we move forward, businesses and policymakers must work together to balance AI’s potential with its risks, paving the way for a smarter, more efficient, and inclusive future.

Key Concepts:  Artificial intelligence, AI, machine learning, robotics, autonomous, self-driving, M2M, IoT, internet of things, big data, smart cities, OpenAI, ChatGPT, StabilityAI, anthropic

Source: Plunkett Research, Ltd., Copyright © 2025

Plunkett Research, Ltd., a Houston, Texas-based market research firm, has completed its latest research on the Artificial Intelligence (AI) & Machine Learning Industry.  (See: https://www.plunkettresearch.com/industries/artificial-intelligence-ai-machine-learning-industry-market-research/).  This revised and updated data is part of our massive Plunkett Research Online subscription service, where we continuously monitor the world’s 40 most vital business sectors, including such industries as retailing, artificial intelligence, health care, sports/recreation and much, much more.  Our analysts and market research continually monitor the world’s leading industries and companies and post thorough updates yearly.

Key Findings:

A complete market research report, including forecasts and market estimates, technologies analysis and developments at innovative firms within the Artificial Intelligence (AI) & Machine Learning Industry.  Gain vital insights that can help shape strategy for business development, product development and investments.

Key Features:

• Business trends analysis
• In-depth industry overview
• Technology trends analysis
• Forecasts
• Spending, investment, and consumption discussions
• In-depth industry statistics and metrics
• Industry employment numbers
  
  

Additional Key Features Include:

Industry Glossary

Industry Contacts list, including Professional Societies and Industry Associations

Profiles of industry-leading companies

• U.S. and Global Firms
• Publicly held, Private and Subsidiaries
• Executive Contacts
• Revenues
• For Public Companies: Detailed Financial Summaries
• Statistical Tables
  
  

Key Questions Answered Include:

• How is the industry evolving?
• How is the industry being shaped by new technologies?
• How is demand growing in emerging markets and mature economies?
• What is the size of the market now and in the future?
• What are the financial results of the leading companies?
• What are the names and titles of top executives?
• What are the top companies and what are their revenues?
  
  

This feature-rich report covers competitive intelligence, market research and business analysis—everything you need to know about the Artificial Intelligence (AI) & Machine Learning Industry.

Plunkett Research Provides Unique Analysis of the Following Major Trends Affecting the Artificial Intelligence (AI) & Machine Learning Industry

1. Major Trends Affecting the Artificial Intelligence (AI) and Machine Learning Industry
2. Introduction to the Artificial Intelligence (AI) & Machine Learning Industry
3. A Brief History of Artificial Intelligence (AI) and the State of the Industry Today
4. DeepSeek Shakes up the LLMs/Reinforcement and Recursive Self Learning/Synthetic Data
5. The Pros & Cons of Artificial Intelligence (AI) & Machine Learning
6. Voice, Face & Image Recognition Change the Wireless World, Artificial Intelligence (AI) Tools Added to Smartphones
7. OpenAI (ChatGPT), StabilityAI, Anthropic (Claude) and Others Launch Impressive Tools that Generate Text, Art, Code and Smart ChatBots
8. Smart Cities Utilize Sensors and Artificial Intelligence (AI)/Create Privacy and Security Issues
9. The Internet of Things (IoT) and M2M to Boom, Enhanced by Artificial Intelligence (AI)/Open New Avenues for Hacking
10. Wireless Information Systems Surge Ahead in Vehicles: Telematics, Intelligent Transportation (ITS) and Real Time Traffic Information
11. Self-Driving, Autonomous Cars Receive Massive Investments in Research and Development Worldwide
12. Insurance Underwriting Uses Artificial Intelligence (AI)/Policy Holders Allow Their Habits to Be Tracked for Lower Insurance Rates
13. Financial Technology (FinTech) Enables Online Payments, Lending, Insurance and Robo Advisors
14. Artificial Intelligence (AI) Enables Life Insurance Underwriting
15. Robotics, Artificial Intelligence (AI) and Automation Revolutionize Supply Chain and Logistics Systems
16. Artificial Intelligence (AI), Deep Learning and Machine Learning Advance into Commercial Applications, Including Health Care and Robotics
17. Industrial Robots and Factory Automation Advance Through Artificial Intelligence (AI)
18. Service Robots Are Applied in a Variety of Industries/Rapid Growth in Robotics for Warehousing and Logistics
19. GenAI Agents & Robotic Process Automation (RPA) Are Replacing Human Workers
20. Digital Assistants Include Amazon’s Echo and Google’s Home/Alexa and Similar Software Power Third-Party Developers
21. Virtual Reality/Augmented Reality and 3-D Technologies Create Opportunities for the Tech Industry/Immersion Games to Grow
22. Hot Fields Within Computers, Hardware & Software Include Artificial Intelligence (AI), Cybersecurity and the Internet of Things (IoT)
23. Growth in Big Data Supported by Expansion of Cloud Computing and Predictive Analytics
24. Artificial Intelligence (AI) Powers Hedge Fund Investment Strategies
25. Pharmaceutical R&D Improves with Artificial Intelligence (AI)
26. Chips Built with Low Nanometer, High Density Design/Faster Chips Power Artificial Intelligence (AI)/Processor Development Booms
27. Artificial Intelligence (AI) Enables Efficiencies and Accelerated Innovation in R&D
28. AI Profoundly Impacts the Entertainment Industry
29. Grid Enhancements Are Vital to Power Artificial Intelligence (AI) and Distribute Renewable Energy

Plunkett Research Provides In-Depth Tables for the Following Artificial Intelligence (AI) & Machine Learning Industry Statistics

1. Artificial Intelligence Industry Statistics and Market Size Overview
2. Global Digital, Network, Computer & Telecom Industries–Key Statistics & Market Size Overview
3. U.S. InfoTech Industry Quarterly Revenue: Q4 2023-Q3 2024
4. Software Publishing Industry, U.S.: Estimated Revenue, Inventories & Expenses: 2017-2022
5. Software Publishing Industry, U.S.: Estimated Selected Expenses: 2017-2022
6. Data Processing, Hosting, and Related Services Industry, U.S.: Estimated Revenue & Expenses: 2017-2022
7. Data Processing, Hosting, and Related Services Industry, U.S.: Estimated Selected Expenses: 2017-2022
8. Research Funding for Computer and Information Science Engineering, U.S. National Science Foundation: Fiscal Years 2022-2024
9. Internet Access Technologies Compared
10. Artificial Intelligence Related Industry Employment by Business Type, U.S.: 2019-October 2024
11. Artificial Intelligence Related Occupational Employment and Wage Estimates, U.S.: May 2023

Plunkett Research, Ltd., a Houston, Texas-based market research firm, has completed its latest research on the American Employers: Mid-Size Firms.  (See https://www.plunkettresearch.com/industries/mid-size-employers-market-research/).  This revised and updated data is part of our massive Plunkett Research Online subscription service, where we continuously monitor the world’s 40 most vital business sectors, including such industries as retailing, artificial intelligence, health care, sports/recreation and much, much more.  Our analysts and market research continually monitor the world’s leading industries and companies and post thorough updates yearly.

Key Findings:

A complete report by Plunkett Research analyzing both America’s top mid-size corporate employers (those with 100 to 2,500 employees) and the major trends sweeping through business and the economy that affect job seekers of all types.  PLUNKETT’S COMPANION TO THE ALMANAC OF AMERICAN EMPLOYERS: MID-SIZE FIRMS is the premier guide to the most successful, fastest-growing mid-sized employers in the nation, their employment practices, benefits and financial performance.

Key Features:

• Job market trends analysis, data, and competitive intelligence
• Employment forecasts and statistics
• Important Contacts for Job Seekers
• In-Depth Profiles of 500 leading mid-size employers
• Statistical Tables
  
  

Gather Key Insights, Such As:

• How is each industry evolving?
• How is employment being shaped by new technologies?
• How is demand growing?
• What are the financial results of the leading companies?
• What are the names and titles of top executives?
• What are the top companies and what are their revenues?
  
  

Plunkett’s Companion to the Almanac of American Employers: Mid-Size Firms and the related online Mid-Size Employers Research Center are designed to be time-saving business tools for job seekers, marketers, sales directors, consultants, and strategists seeking to understand vibrant, mid-size American corporate employers.  It will also be of great use to placement, recruiting and human resources professionals, as well as professionals working in economic development, lending, and media.  This feature rich almanac includes:

Contents, Statistics and Analysis Include:

Plunkett Research Provides Unique Analysis of the Following Major Trends Affecting Job Seekers

1. The U.S. Job Market Overview
2. Cost Control Remains a Major Concern at Employers/Consolidation Through Mergers Continues
3. The Sharing & Gig Economy’s Effect on Employment, Work Life and Careers
4. Technology Continues to Create Sweeping Changes in the Workplace
5. Continued Growth in Outsourcing, Including Supply Chain and Logistics Services
6. Offshoring and the Reshoring of American Manufacturing
7. Older Americans Will Delay Retirement and Work Longer/Many Employers Find Older Employees Desirable
8. Employment Sectors that Will Offer an Above-Average Number of Job Opportunities

Plunkett Research Provides In-Depth Tables for the Following Statistics

1. U.S. Employment Statistics Overview: 2023-2024
2. U.S. Civilian Labor Force: 1998-Jan. 2025
3. Employment by Major Industry Sector: 2013, 2023 & Projected 2033
4. Number of People Employed and Unemployed, U.S.: Jan. 2024 vs. Jan. 2025
5. U.S. Labor Force Ages 16 to 24 Years Old by School Enrollment, Educational Attainment, Sex, Race & Ethnicity: October 2023
6. Retirement Benefits in the U.S.: Access, Participation and Take-Up Rates, March 2024
7. Top 30 U.S. Fastest Growing Occupations By Percent Change: 2023-2033
8. Occupations with the Largest Expected Employment Increases, U.S.: 2023-2033
9. Occupations with the Fastest Expected Decline, U.S.: 2023-2033

2.26.25

The entertainment, movie, publishing and media industries are experiencing unprecedented transformations fueled by digital innovations, changing consumer behaviors and technological advancements.  From the rise of streaming services to the increasing role of artificial intelligence (AI), these industries are being reshaped in ways that redefine content consumption, production and distribution.

Even more information on this industry is available!  Check out our Entertainment Industry Center!

Plunkett’s Entertainment, Movie, Publishing & Media Industry eBook, latest edition.

1. The Streaming Revolution and the Decline of Traditional TV

One of the most significant shifts in entertainment is the dominance of streaming services, which has led to a decline in traditional cable and satellite TV.  Consumers increasingly prefer on-demand access to content via platforms such as Netflix, Disney+, HBO Max and Amazon Prime Video.  This shift has forced traditional television networks to launch their own streaming platforms while also exploring hybrid revenue models, including ad-supported tiers.  Additionally, major film studios are shortening the theatrical window, allowing films to be released on streaming platforms within weeks or even simultaneously with their theatrical debut.  This trend, accelerated by the Coronavirus pandemic, continues to redefine movie distribution.

2. Cloud Gaming and Mobile Gaming Surge

Gaming is rapidly shifting towards cloud-based services, where players can stream games without needing expensive consoles.  Companies like Microsoft (Xbox Cloud Gaming), Sony (PlayStation Now) and Google (Stadia) are investing heavily in cloud gaming.  Mobile gaming, particularly the “freemium” model, is also experiencing massive growth.  In-app purchases, advertising and subscription services have become primary revenue streams.  Furthermore, the integration of blockchain-based assets such as non-fungible tokens (NFTs) is creating new monetization opportunities for gaming companies.

3. AI and Automation in Content Creation

Artificial intelligence is transforming how content is created and consumed.  AI-powered tools like ChatGPT, Stability AI and other generative AI platforms are being used for writing articles, generating scripts, producing digital art and even composing music.  Streaming platforms also leverage AI-driven recommendation engines to personalize content for users, further enhancing engagement.

4. The Rise of Music Streaming and Podcasting

Streaming services like Spotify, Apple Music and Amazon Music have fundamentally changed how people consume music.  Subscription-based and ad-supported models have largely replaced physical album sales and digital downloads.  However, concerns remain over artist compensation, with calls for fairer revenue-sharing models.  Podcasts have also emerged as a dominant form of entertainment, with major platforms like Spotify and Apple investing heavily in exclusive content.  Podcast advertising is becoming a lucrative industry, with brands recognizing the high engagement levels of podcast audiences.

5. The Digital Transformation of Publishing

The publishing industry has been forced to adapt to declining print revenues by focusing on digital-first strategies.  E-books, audiobooks, and subscription-based journalism have become essential revenue streams.  Major publications, including The New York Times and The Wall Street Journal, have successfully implemented paywalls to monetize digital content.  Self-publishing has also gained traction, with platforms like Kindle Direct Publishing allowing independent authors to reach global audiences without traditional publishing contracts.

6. The Metaverse and Virtual Reality in Entertainment

While the metaverse concept has struggled to gain widespread adoption, tech giants like Meta (formerly Facebook), Apple and Microsoft continue to develop virtual reality (VR) and augmented reality (AR) experiences.  These technologies offer potential applications in gaming, virtual concerts, and interactive storytelling, though consumer adoption remains limited.

7. The Shift in Advertising Strategies

With declining viewership in traditional TV, advertisers are shifting budgets towards digital and social media advertising.  Streaming services are introducing ad-supported tiers, while AI-driven ad targeting is becoming more precise.  Brands are also exploring new advertising formats, including interactive and immersive ads, product placements within streaming content and shoppable ads that integrate seamlessly with e-commerce platforms.

8. Movie Theaters Adapt to Changing Consumer Preferences

While box office revenues remain a crucial component of the film industry, studios and theaters are adapting to evolving consumer habits.  Luxury seating, dine-in theaters and IMAX experiences are being used to attract audiences who seek premium in-theater experiences.  Additionally, major studios are increasingly aligning with their streaming counterparts.  Disney, Warner Bros. and Paramount have all launched their own streaming services to directly compete with platforms like Netflix.

9. The Global Expansion of High-Speed Internet

The expansion of 5G and fiber-optic internet is making high-quality streaming more accessible globally.  With 9.3 billion internet subscriptions worldwide (both fixed and wireless), entertainment consumption is growing rapidly, particularly in developing markets.  Faster internet speeds are also fueling the rise of cloud gaming, VR experiences and live streaming, enabling greater engagement and interactivity in digital entertainment.

10. The Future of Print Media and Magazines

Magazines and newspapers have increasingly embraced digital editions and mobile apps.  Many publications have introduced subscription models or hybrid print-and-digital offerings.  AI-driven journalism, customized content feeds and reader engagement tools are being used to retain audiences in an era of information overload.  The rise of independent journalism and newsletter platforms such as Substack has also disrupted traditional publishing, allowing journalists and content creators to build direct relationships with their readers.

Conclusion: The Future of Entertainment is Digital, Personalized, and On-Demand

The entertainment, movie, publishing, and media industries are undergoing rapid digital transformation.  Streaming services, AI-driven content creation and changing consumer behaviors are redefining how audiences interact with content.  While traditional media formats continue to decline, digital-first strategies, immersive experiences and personalized content delivery will shape the future of entertainment.  As companies navigate this evolving landscape, those that adapt to technological advancements and embrace innovative content delivery methods will thrive in the digital age.

Key Concepts:  Radio, business, TV, jobs, music, entrepreneurship, finance, movies, publishing, Internet, innovation, investing, marketing, video games, media, artificial intelligence (AI)

Source: Plunkett Research, Ltd., Copyright © 2025

Plunkett Research, Ltd., a Houston, Texas-based market research firm, has completed its latest research on the Entertainment, Movie, Publishing & Media Industry.  (See https://www.plunkettresearch.com/industries/entertainment-media-publishing-market-research/).  This revised and updated data is part of our massive Plunkett Research Online subscription service, where we continuously monitor the world’s 40 most vital business sectors, including such industries as retailing, artificial intelligence, health care, sports/recreation and much, much more.  Our analysts and market research continually monitor the world’s leading industries and companies and post thorough updates yearly.

Key Findings:

A complete market research report, including forecasts and market estimates, technologies analysis and developments at innovative firms within the Entertainment, Movie, Publishing & Media Industry.  Gain vital insights that can help shape strategy for business development, product development and investments.

Key Features:

• Business trends analysis
• In-depth industry overview
• Technology trends analysis
• Forecasts
• Spending, investment, and consumption discussions
• In-depth industry statistics and metrics
• Industry employment numbers
  
  

Additional Key Features Include:

Industry Glossary

Industry Contacts list, including Professional Societies and Industry Associations

Profiles of industry-leading companies

• U.S. and Global Firms
• Publicly held, Private and Subsidiaries
• Executive Contacts
• Revenues
• For Public Companies: Detailed Financial Summaries
• Statistical Tables
  
  

Key Questions Answered Include:

• How is the industry evolving?
• How is the industry being shaped by new technologies?
• How is demand growing in emerging markets and mature economies?
• What is the size of the market now and in the future?
• What are the financial results of the leading companies?
• What are the names and titles of top executives?
• What are the top companies and what are their revenues?
  
  

This feature-rich report covers competitive intelligence, market research and business analysis—everything you need to know about the Entertainment, Movie, Publishing & Media Industry.

Plunkett Research Provides Unique Analysis of the Following Major Trends Affecting the Entertainment, Movie, Publishing & Media Industry

1. Major Trends Affecting the Entertainment, Movie, Publishing & Media Industry
2. Introduction to the Entertainment, Movie, Publishing & Media Industry
3. Streaming Apps Take Over TVs, Leading to Cord Cutting/Subscription Losses for Cable and Satellite
4. Online (Cloud Gaming) & Mobile Games Compete with Consoles
5. Pandora and Spotify Lead in Streaming Music Via Internet Radio but Face Challenge from Apple Music/SiriusXM Tops 33.2 Million Subscribers
6. Video Game Console History/New Technologies and Features Boost Console Sales
7. Telecom Companies Compete Fiercely Against Cable in the TV, Internet and Telephone Market
8. Television Ads Evolve to Face New Challenges, Formats and Streaming Competitors
9. Movie Attendance Is Strong/Film Studios Release Quickly to Streaming Services
10. Global Internet Market Tops 9.3 Billion Users both Fixed and Wireless
11. Entertainment-Based Retailing, including Power Towns
12. Newspapers and Magazines Rely on Digital Editions and Apps
13. Virtual Worlds Provide Revenue for Games Publishers
14. Virtual Reality/Augmented Reality and 3-D Games Create Opportunities in the Tech Industry/Immersion Games to Grow
15. The Metaverse Has Difficulties Gaining Steam
16. Global Mobile Apps Revenues Hit $150 Billion Yearly
17. Embedded LTE Wi-Fi and Onboard Apps Incorporated by Auto Makers in New Car Infotainment Systems
18. Digital Assistants Include Amazon’s Echo and Google’s Home/Alexa and Similar Software Power Third-Party Developers
19. Overview of the Electronic Games Industry
20. AI Profoundly Impacts the Entertainment Industry
21. OpenAI (ChatGPT), StabilityAI, Anthropic (Claude) and Others Launch Impressive Tools that Generate Text, Art, Code and Smart ChatBots
22. The Future of Entertainment, Movie, Publishing & Media Industry: Disruption, Portability and Consumer Control

Plunkett Research Provides In-Depth Tables for the Following Entertainment, Movie, Publishing & Media Industry Statistics

1. Entertainment & Media Industry Statistics and Market Size Overview
2. Estimated U.S. Information & Entertainment Sector Revenues by NAICS Code: 2017 – 2022
3. Estimated U.S. Arts, Entertainment & Recreation Services Sector Revenues by NAICS Code: 2017- 2022
4. Personal Consumption Expenditures for Recreation, U.S.: Selected Years, 2016-2023
5. Newspaper Publishers: Estimated Sources of Revenue & Expenses, U.S.: 2017-2022
6. Periodical Publishers: Estimated Sources of Revenue & Expenses, U.S.: 2017-2022
7. Book Publishers: Estimated Sources of Revenue, Inventories & Expenses, U.S.: 2017-2022
8. Motion Picture & Video Industries: Estimated Sources of Revenue, U.S.: 2017-2022
9. Television Broadcasting: Estimated Sources of Revenue & Expenses, U.S.: 2017-2022
10. Radio Networks & Radio Stations: Estimated Sources of Revenue & Expenses, U.S.: 2017-2022
11. Television Broadcasting: Estimated Sources of Revenue & Expenses, U.S.: 2017-2022
12. Cable & Other Subscription Programming: Estimated Sources of Revenue & Expenses, U.S.: 2017-2022
13. Internet Publishing & Broadcasting & Web Search Portals: Estimated Revenue & Expenses, U.S.: 2017-2022
14. Number of Business & Residential High Speed Internet Lines, U.S.: 2019-2024
15. Employment & Earnings in Selected Entertainment & Media Occupations, U.S.: May 2023
16. Employment in Selected Information & Entertainment Industries, U.S.: 2018 – October 2024

2/21/2025

The investment and asset management industry is undergoing significant transformations driven by regulatory changes, technological advancements, and shifting investor demographics.  From the rise of fintech to increased regulatory scrutiny and evolving asset management strategies, the landscape continues to evolve rapidly.  Below are some of the most critical trends shaping the industry today.

Even more information on this industry is available, check out our Investment & Asset Management Industry Center!

Plunkett’s Investment & Asset Management Industry eBook, latest edition

1. Increased Regulatory Scrutiny and Compliance

Regulatory changes continue to shape the financial sector.  The Basel III framework, the Dodd-Frank Act and the Volcker Rule have imposed stricter capital requirements and risk management guidelines on financial institutions.  In Europe, MiFID II and Solvency II are also reshaping investment practices by increasing transparency and reducing systemic risks.  While these regulations aim to enhance financial stability, they also pose challenges for firms in terms of compliance costs and operational complexities.

2. Expansion of Non-Banking Lending and Crowdfunding

As traditional banks face tighter lending restrictions, non-banking alternatives such as peer-to-peer (P2P) lending and crowdfunding are gaining traction.  Companies like LendingClub and OnDeck Capital have revolutionized loan accessibility, particularly for small businesses and individuals who may struggle to obtain bank financing.  Shadow banking, which includes hedge funds and private equity firms offering credit, is also playing a more prominent role in global financing.

3. Growth of Financial Technology (FinTech) and Digital Payments

FinTech innovations are reshaping the investment industry by offering digital solutions in payments, lending and financial advisory services.  Robo-advisors such as Betterment and Wealthfront use artificial intelligence (AI) to manage investment portfolios with low fees, making investing more accessible to retail investors.  Mobile payment platforms like PayPal, Venmo and Zelle continue to redefine financial transactions, reducing the need for traditional banking services.

4. Artificial Intelligence and Machine Learning in Investing

AI-driven investment strategies are becoming mainstream.  Hedge funds and asset managers are leveraging machine learning algorithms to analyze vast amounts of market data and identify profitable trading opportunities.  Quantitative trading, which relies on statistical models and AI, is gaining momentum as firms seek to improve efficiency and returns.

5. Rise of Cryptocurrencies and Blockchain Adoption

Cryptocurrencies like Bitcoin and Ethereum have entered the mainstream investment space, with institutions now offering crypto-related exchange-traded funds (ETFs).  Blockchain technology is also being utilized in areas beyond cryptocurrencies, including smart contracts, supply chain management and secure financial transactions.  However, the volatile nature of digital assets and concerns over regulatory oversight continue to be major hurdles.

6. Evolution of Exchange-Traded Funds (ETFs) and Passive Investing

ETFs are increasingly replacing traditional mutual funds as investors seek lower-cost, more flexible investment options.  These funds offer exposure to a wide range of asset classes, including equities, commodities and fixed income.  Smart beta and actively managed ETFs are also gaining popularity, offering alternative investment strategies to retail and institutional investors alike.

7. Shifts in Retirement Planning and Pension Management

With aging populations in the U.S., Europe and Asia, retirement planning is becoming a top priority.  The rise of 401(k) plans and IRAs, along with automatic enrollment policies, is driving increased participation in retirement savings programs.  Asset managers and financial advisors are introducing new products tailored to retirees, such as annuities and target-date funds, to ensure long-term financial security.

8. High-Speed Trading and Technological Disruptions in Exchanges

The stock exchange industry is experiencing massive technological disruptions, with high-frequency trading (HFT) firms using advanced algorithms to execute trades within microseconds.  Electronic trading platforms are replacing traditional trading floors, enhancing efficiency but also raising concerns about market stability and fairness.

9. Increasing Competition for High-Net-Worth Clients

Investment firms and banks are aggressively competing for high-net-worth individuals (HNWIs), who seek personalized wealth management services.  Institutions such as UBS, Goldman Sachs and Fidelity are expanding their offerings to include bespoke investment solutions, estate planning, and tax optimization strategies to cater to this lucrative market.

10. The Expansion of Private Equity and Venture Capital

Private equity (PE) and venture capital (VC) are attracting major institutional investors looking for higher returns than traditional investments can offer.  PE firms are focusing on buyouts, restructuring distressed businesses and investing in high-growth sectors.  Meanwhile, VC funding continues to fuel innovation in technology, biotech, and renewable energy industries.

11. The Role of Annuities in Long-Term Financial Planning

Annuity providers are developing innovative strategies to cater to an aging population.  With increasing demand for stable retirement income, variable and fixed annuities are becoming essential investment tools.  Financial firms are optimizing annuity product structures to offer more attractive rates and options for investors looking for long-term financial security.

12. The Future of Alternative Investments

Investors are increasingly looking beyond traditional stock and bond markets to alternative assets such as hedge funds, real estate investment trusts (REITs), commodities and private debt.  The diversification benefits of alternative investments are appealing to institutional and retail investors alike, as they seek to mitigate risks associated with stock market volatility.

For investors, consultants, and marketing professionals!

Conclusion

The investment and securities industry is at a crossroads, driven by evolving regulations, technological advancements and changing investor behavior.  Firms that embrace innovation while navigating regulatory complexities will be better positioned for success.  As the industry continues to evolve, staying informed and adapting to these emerging trends will be crucial for investors and financial institutions alike.

Key Concepts: Stocks, business, mutual funds, economics, asset management, venture capital, finance, future, globalization, investments, innovation, investing, marketing, hedge funds, bonds, quantitative analysis

Source: Plunkett Research, Ltd., Copyright © 2025

Plunkett Research, Ltd., a Houston, Texas-based market research firm, has completed its latest research on the Investment & Asset Management Industry.  (See: https://www.plunkettresearch.com/industries/investment-asset-management-market-research/).  This revised and updated data is part of our massive Plunkett Research Online subscription service, where we continuously monitor the world’s 40 most vital business sectors, including such industries as retailing, artificial intelligence, health care, sports/recreation and much, much more.  Our analysts and market research continually monitor the world’s leading industries and companies and post thorough updates yearly.

Key Findings:

A complete market research report, including forecasts and market estimates, technologies analysis and developments at innovative firms within the Investment & Securities Industry.  Gain vital insights that can help shape strategy for business development, product development and investments.

Key Features:

• Business trends analysis
• In-depth industry overview
• Technology trends analysis
• Forecasts
• Spending, investment, and consumption discussions
• In-depth industry statistics and metrics
• Industry employment numbers
  
  

Additional Key Features Include:

Industry Glossary

Industry Contacts list, including Professional Societies and Industry Associations

Profiles of industry-leading companies

• U.S. and Global Firms
• Publicly held, Private and Subsidiaries
• Executive Contacts
• Revenues
• For Public Companies: Detailed Financial Summaries
• Statistical Tables
  
  

Key Questions Answered Include:

• How is the industry evolving?
• How is the industry being shaped by new technologies?
• How is demand growing in emerging markets and mature economies?
• What is the size of the market now and in the future?
• What are the financial results of the leading companies?
• What are the names and titles of top executives?
• What are the top companies and what are their revenues?
  
  

This feature-rich report covers competitive intelligence, market research and business analysis—everything you need to know about the Investment & Securities Industry.

Plunkett Research Provides Unique Analysis of the Following Major Trends in the Investment & Asset Management Industry

1. Major Trends Affecting the Investment & Asset Management Industry
2. Investment & Asset Management Industry Overview
3. Basel III, Dodd-Frank Act and Volcker Act Increase Regulation/European Solvency II and MiFID 2 Take Effect
4. Non-Banking Alternatives Grow in Lending and Crowdfunding
5. Investment Market Evolves in China
6. Aging Populations, Baby Boomers Create Opportunities/U.S. Pension Accounts Top $40.0 Trillion
7. Employers Make 401(k) Enrollment Automatic
8. Investment Firms and Banks Compete for Clients in High-Net-Worth Households
9. ETFs Expand and Take Market Share from Mutual Funds/Mutual Fund Managers Are Forced to Change
10. Online Brokers Also Provide Storefront Locations/Trades Are Free
11. Hedge Funds Play a Major Role in Financial Markets Including Derivatives, Lending and Insurance/Quantitative Analysis Widely Adopted
12. Private Equity Funds and Venture Capital Funds Attract Major Investors
13. Annuity Account Managers Create New Product Strategies
14. Stock Exchanges Evolve/High Speed Technologies Force Massive Changes
15. Financial Technology (FinTech) Enables Online Payments, Lending, Insurance and Robo Advisors
16. Artificial Intelligence (AI) Powers Investment Strategies
17. Cryptocurrencies and Blockchain Explained
18. Investment Product Facts

Plunkett Research Provides In-Depth Tables for the Following Investment & Asset Management Industry Statistics

1. Investment & Securities Industry Statistics and Market Size Overview
2. Sales, Profits & Stockholders’ Equity, All Manufacturing Corporations, U.S.: 1990-Q2 2024
3. Estimated Ownership of U.S. Treasury Securities: 2015-2023
4. Public Debt Securities Held by Private Investors, U.S.: 1985 – September 2024
5. Average Interest Rates of 3-Month & 10-Year U.S. Treasuries: 1990-2024
6. Retirement Benefits in the U.S.: Access, Participation and Take-Up Rates, March 2024
7. Employment in the Investment & Securities Industry, U.S.: 2018 – October 2024
8. Securities, Commodity Contracts & Other Financial Investment Activities, Estimated Revenue for Employer Firms, U.S.: 2019-2024

Credit: iStock.com/kynny

1.13.25

Renewable energy has become a cornerstone of the global transition toward sustainability, with solar and wind energy leading the charge.  This article explores the critical trends shaping these industries, providing a comprehensive overview of advancements, policy impacts and future potential.

Even more information on this industry is available, check out our Solar Power, Wind Power and Renewable Energy Industry Center!

Plunkett’s Solar Power, Wind Power & Alternative Energy Industry eBook, latest edition

1. Solar Power: A Technological Revolution

Solar energy has seen exponential growth due to technological breakthroughs and declining costs. As of 2023, global installed solar photovoltaic (PV) capacity surpassed 1,400 GW, compared to just 41 GW in 2010. Key drivers include:

1. Efficiency Gains: Advancements in PV technologies, such as perovskite solar cells and hybrid silicon designs, have significantly improved efficiency. Thin-film solar panels are also gaining traction due to their flexibility and cost-effectiveness.
2. Cost Reductions: The cost of solar installations has plummeted. Residential systems now average $2 per watt, down from $9 per watt in 2006. Utility-scale projects have seen costs fall to approximately $1 per watt.
3. Policy Incentives: Government initiatives like the U.S. Inflation Reduction Act of 2022 provide substantial tax credits for solar projects, boosting installations. China and India also drive solar expansion with aggressive manufacturing and installation policies.
4. Utility-Scale Projects: Massive solar farms like California’s Topaz Solar Farm and Arizona’s Solana plant demonstrate the potential of large-scale installations. Innovations in robotic maintenance and molten salt storage enhance operational efficiency and storage capacity.
5. Emerging Technologies: Floating solar farms and community solar projects address challenges like space constraints and localized power needs. Projects in densely populated areas, such as Singapore and the Netherlands, illustrate innovative solutions.
6. Wind Power: Scaling Up

Wind energy continues to expand rapidly, with global capacity reaching over 1,000 GW in 2023. By 2030, projections suggest capacity will triple, driven by:

1. Offshore Expansion: Offshore wind farms are pivotal. Projects like the $10 billion Formosa 3 in Taiwan and the U.S.’s Vineyard Wind underscore their potential. Offshore systems leverage steady ocean winds, providing consistent energy generation.
2. Technological Advancements: Modern wind turbines feature larger blades and taller towers, maximizing output. Floating wind turbines, such as Japan’s Fukushima project, open new possibilities for deeper offshore installations.
3. Economic Viability: Costs for wind energy have plummeted, reaching 3.3 cents per kilowatt-hour for onshore projects. Offshore projects remain costlier but are expected to become more competitive with technological improvements.
4. Policy Support: Tax credits and government mandates, like the U.S. Inflation Reduction Act, incentivize wind power development. European nations lead in offshore installations, with the UK achieving record capacity growth.
5. Challenges: Despite progress, the sector faces hurdles like high initial costs, supply chain issues, and permitting delays. Addressing these challenges is crucial for sustained growth.

• Emerging Alternatives: Diversifying the Renewable Portfolio

While solar and wind dominate, alternative renewable sources are gaining momentum:

1. Green Hydrogen: Produced via renewable-powered electrolysis, green hydrogen offers a sustainable energy carrier. Projects like BP’s Asian Renewable Energy Hub aim to scale production, though high costs remain a barrier.
2. Geothermal Energy: Enhanced Geothermal Systems (EGS) and SuperHot Rock (SHR) technologies are revitalizing geothermal potential. Countries like Iceland demonstrate the viability of geothermal for reliable, emission-free power.
3. Tidal Energy: Leveraging predictable ocean movements, tidal power projects, such as Scotland’s Sound of Islay turbines, showcase innovation. However, high initial costs and maintenance remain challenges.
4. Biomass and Waste-to-Energy: Utilizing agricultural residues, landfills, and organic waste, biomass energy contributes to energy diversity while addressing waste management.

• The Role of Policy and Investment

Global investment in renewables is surging. The EU’s renewable energy mandates, combined with massive incentives under the U.S. Inflation Reduction Act, exemplify the synergy between policy and technological innovation. Countries like India and Brazil are also ramping up renewable energy infrastructure, with India focusing on reducing dependency on imported solar panels.

• Challenges and Opportunities

Despite advancements, challenges persist:

• Intermittency: Solar and wind depend on weather conditions, necessitating advancements in energy storage technologies like lithium-ion and sodium-ion batteries.
• Supply Chains: Dependence on critical minerals and manufacturing dominance by countries like China create vulnerabilities.
• Environmental Trade-Offs: Renewable energy projects can have unintended ecological impacts, such as habitat disruption from wind farms or water use in biomass production.

Renewable energy is not just a necessity but a dynamic field brimming with potential. Solar and wind will remain central to the energy transition, supported by innovations in storage, sodium-ash batteries, green hydrogen, and alternative technologies. As global collaboration intensifies, renewable energy promises a sustainable and equitable future.

Key Concepts:  Wind power, business, science, economics, solar, geothermal, finance, sustainability, globalization, renewable, innovation, investing, marketing, power, electricity, green hydrogen

Source: Plunkett Research, Ltd., Copyright © 2025

Plunkett Research, Ltd., a Houston, Texas-based market research firm, has completed its latest research on the Solar Power, Wind Power & Renewable Energy Industry.  (See: https://www.plunkettresearch.com/industries/solar-power-wind-power-renewable-energy-industry-market-research/).  This revised and updated data is part of our massive Plunkett Research Online subscription service, where we continuously monitor the world’s 40 most vital business sectors, including such industries as retailing, artificial intelligence, health care, sports/recreation and much, much more.  Our analysts and market research continually monitor the world’s leading industries and companies and post thorough updates yearly.

Key Findings:

A complete market research report, including forecasts and market estimates, technologies analysis and developments at innovative firms within the Solar Power, Wind Power & Renewable Energy Industry.  Gain vital insights that can help shape strategy for business development, product development and investments.

Key Features:

• Business trends analysis
• In-depth industry overview
• Technology trends analysis
• Forecasts
• Spending, investment, and consumption discussions
• In-depth industry statistics and metrics
• Industry employment numbers
  
  

Additional Key Features Include:

Industry Glossary

Industry Contacts list, including Professional Societies and Industry Associations

Profiles of industry-leading companies

• U.S. and Global Firms
• Publicly held, Private and Subsidiaries
• Executive Contacts
• Revenues
• For Public Companies: Detailed Financial Summaries
• Statistical Tables
  
  

Key Questions Answered Include:

• How is the industry evolving?
• How is the industry being shaped by new technologies?
• How is demand growing in emerging markets and mature economies?
• What is the size of the market now and in the future?
• What are the financial results of the leading companies?
• What are the names and titles of top executives?
• What are the top companies and what are their revenues?
  
  

This feature-rich report covers competitive intelligence, market research and business analysis—everything you need to know about the Solar Power, Wind Power & Renewable Energy Industry.

Plunkett Research Provides Unique Analysis of the Following Major Trends Affecting the Solar Power, Wind Power & Renewable Energy Industry

1. Major Trends Affecting the Solar Power, Wind Power & Renewable Energy Industry
2. Introduction
3. Solar Installations Boom Due to Government Incentives, Tax Credits and Lower Costs
4. Photovoltaic Technologies, Thin Film Solar and Solar Panel Efficiency
5. Utility Scale Solar Power Plants
6. Space Power
7. Wind Power, Including Offshore
8. Hydroelectric Power
9. Geothermal Power
10. Biomass, Waste-to-Energy, Waste Methane and Biofuels from Algae
11. Ethanol Production Soared, But U.S. Federal Subsidy Expired
12. Cellulosic Ethanol Makes Slow Commercial Progress
13. Tidal Power
14. Green Hydrogen Draws Major Investment and Development
15. The 2022 Inflation Reduction Act Creates Massive Tax Credits in the U.S.
16. Fuel Cell and Hydrogen Power Research Continues/Fuel Cell Cars Enter Market
17. Electric Cars and Plug-in Hybrids (PHEVs) See Massive New Investments by Auto Makers
18. Major Technology Research in Batteries/Massive Investments in Battery Factories and Power Storage
19. Natural Gas-Powered Vehicles Gain in Popularity/Long Term Potential Is Bright Thanks to Low Shale Gas Prices
20. Homes and Commercial Buildings Seek Green Certification
21. Smart Electric Grid Technologies Are Adopted/Massive Utilities Investment Needed
22. Grid Enhancements Are Vital to Power Artificial Intelligence (AI) and Distribute Renewable Energy
23. Storage Battery Technologies and Installations Boom Worldwide
24. Safer Nuclear Power Plants Under Construction in Many Nations
25. Small Modular Reactors (SMRs) Will Power Artificial Intelligence (AI)
26. Nuclear Fusion Technologies Might Create Unlimited, Emission-Free Power
27. New Display Technologies with PLEDs
28. Electric Utilities Adopt Coal Emissions Scrubbers While the Industry Tests Carbon Capture and Clean Coal Technologies
29. Superconductivity Provides Advanced Electricity Distribution Technology
30. The Future of Solar, Wind and Renewable Energy

Plunkett Research Provides In-Depth Tables for the Following Solar Power, Wind Power & Renewable Energy Industry Statistics

1. Global Alternative Energy Industry Statistics and Market Size Overview
2. U.S. Solar, Wind and Other Renewable Energy Industry Statistics and Market Size Overview
3. Approximate Energy Unit Conversion Factors
4. Biomass Energy Resource Hierarchy
5. Comparison of Alternative Fuels with Gasoline & Diesel
6. World Total Primary Energy Consumption by Region: 2018-2050
7. Share of Electricity Generation by Energy Source, U.S.: Projections, 2022-2050
8. Energy Consumption by Source & Sector, U.S.: 2023
9. Primary Energy Flow by Source & Sector, U.S.: 2023
10. Net Electrical Power Generation by Fuel Type, U.S.: 1990-August 2023
11. Energy Production by Renewable Energy, U.S.: Selected Years, 1955-2023
12. U.S. Renewable Energy Consumption by Energy Source, 2017 vs. 2023
13. Fuel Ethanol Production & Consumption, U.S.: 1990 – 2023
14. Biodiesel Production & Consumption, U.S.: 2002 – 2023
15. Top 10 Countries by Installed Wind Generating Capacity: 2023
16. Top 15 U.S. States by Installed Wind Generating Capacity: 1st Quarter 2024
17. U.S. Department of Energy Funding for Science & Energy Programs: 2023-2025
18. Federal R&D & R&D Plant Funding for Energy, U.S.: Fiscal Years 2023-2025

Credit: iStock.com/lechatnoir

01.03.25

The retail industry in 2025 is defined by unprecedented shifts driven by technology, consumer expectations and global market dynamics. From ecommerce to sustainability, these trends are reshaping how businesses engage customers, manage operations, and sustain growth.

Even more information on this industry is available!  Check out our Retail Industry Center.

Plunkett’s Retail Industry eBook, latest edition

1. The Ecommerce Revolution

Ecommerce continues to dominate the retail space, with global sales reaching $5.9 trillion in 2022 and projected to grow further. Retailers like Walmart are integrating ecommerce into their traditional models, employing micro-fulfillment centers and robotics to optimize online order processing. Macy’s is leveraging its physical stores as fulfillment hubs, exemplifying the seamless integration of online and offline operations.

• Rise of Private-Label Products

Private-label brands are emerging as key profit drivers for retailers. In 2023, U.S. private-label sales soared to $236.3 billion. Brands like Kroger’s Smart Way and Costco’s Kirkland Signature demonstrate the appeal of high-quality, affordable alternatives to name brands. In Europe, private-label goods represent up to 50% of sales in some markets, emphasizing their global relevance.

• The Advent of Retail Technologies

Technology is redefining the retail experience. Amazon’s “Just Walk Out” technology, Walmart’s robotics-powered order fulfillment, and RFID-driven inventory systems are enabling efficiency and innovation. Retailers are also adopting smart shopping carts, AI-driven customer service tools, and advanced checkout technologies to enhance consumer convenience.

• Direct-to-Consumer (DTC) Models Gain Traction

DTC brands are reshaping retail by eliminating intermediaries and offering premium products at competitive prices. Companies like Everlane and Warby Parker demonstrate how DTC strategies can foster customer loyalty and streamline supply chains. These models are particularly effective in niche markets, such as eyewear and custom apparel.

• Experiential Retail

Retailers are creating immersive shopping experiences to attract customers. Apple’s showcase stores and Bass Pro Shops’ interactive layouts are leading examples. These spaces blend entertainment with retail, providing unique customer interactions that go beyond traditional shopping.

• Sustainability and Ethical Retailing

Sustainability is a non-negotiable priority for modern retailers. Companies are adopting eco-friendly practices, reducing waste, and sourcing products ethically to align with consumer values. These efforts not only build brand loyalty but also contribute to long-term market differentiation.

• Expansion in Emerging Markets

Retailers are tapping into growth opportunities in emerging markets like China and India. With increasing disposable incomes and internet penetration, these regions offer fertile ground for ecommerce and traditional retail expansion. Walmart and ALDI are among the global players tailoring strategies for these regions.

• Advanced Payment Systems and Financial Tech

Digital wallets, mobile payment apps, and integrated financial services are streamlining transactions. Platforms like Google Wallet and Apple Pay, combined with in-store mobile checkout technologies, cater to tech-savvy consumers while simplifying the retail payment process.

• Robotics and AI in Fulfillment

Robots and AI are automating logistics, from inventory management to order fulfillment. Amazon’s Proteus robots and similar systems from competitors are enabling faster, more accurate deliveries, transforming supply chain dynamics across the industry.

As retail evolves, businesses must embrace these trends to remain competitive. The integration of technology, a focus on sustainability, and the pursuit of customer-centric models will define success in 2024 and beyond. Retailers who adapt quickly will not only thrive but also shape the future of commerce.

For investors, consultants, and marketing professionals!

Key Concepts:  Retailing, business, demographics, economics, education, entrepreneurship, finance, future, globalization, healthcare, innovation, investing, marketing, consumers, technology, trends, artificial intelligence (AI)

Source: Plunkett Research, Ltd., Copyright © 2024