New Business Models
Innovation in new business models has the ability to open markets to companies 30 times bigger than its original market. With the advent of online aggregation and cloud-based platforms, many businesses will find new ways to monetize new markets and opportunities. Circular economy is expected to be deeply embedded in the value chain, primarily influencing consumption and new business models. Ethics’ and ‘fair business practice’ emerge as fundamental factors driving business models
‘Value creation’ will emerge as the overarching theme driving success of business models
Generational shift from Gen X to Millennials and Gen Z will drive opportunities for XaaS models
More than 70% of top fortune 500 companies have plans to offer their product as a service by 2020
Sharing economy will expand to non-traditional sectors
