"The McKinsey Global Institute identified 18 'arenas' in 2024 that stand out for their dynamism and future potential in both revenues and profits, including AI, digitization, and electrification."
"Combined, these 18 arenas added $18 trillion in market capitalization from 2022-25 and could generate $29 trillion to $48 trillion in revenues by 2040, growing significantly faster than other sectors."
"The United States and Greater China are the most prominent players in these industries, with 50% of revenues coming from U.S.-based companies and 30% from Greater China."
"MGI identified nine 'omniscalers' that play leading roles in three or more arenas, allowing them to create economies of scope and scale across multiple industries."
The McKinsey Global Institute identified 18 dynamic industries for 2024 that promise significant revenue and profit potential. These include AI-related sectors, digitization, electrification, hard tech, and new bio frontiers. The arenas are projected to add $18 trillion in market capitalization from 2022-25 and could generate $29 trillion to $48 trillion in revenues by 2040. The U.S. and Greater China dominate these industries, with U.S. companies contributing 50% of revenues. Nine 'omniscalers' excel across multiple arenas, leveraging their strengths for broader economic impact.
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