02 Feb January Trend Report

With the new year upon us, it is a great time to look at the industry trends changing around us and look forward to an exciting year of innovation. Here at Prepr, we’re reflecting on some of the most exciting trends in some of the most important sectors including healthcare, retail, manufacturing, education, and more.

Healthcare: Technology for Health

This next year we are going to see an increase in the number of investments made in digital solutions for the healthcare sector. A recent HIMSS Study says that “80% of healthcare providers plan to increase investment in technology and digital solutions over the next five years.” This includes further investments in telemedicine, genomics, and even wearable technology. 

Manufacturing: Data Mining

The continued use of connected technologies makes the collection of critical data easier than ever before. Data mining is made easy with the tracking of every input and every move. With this technology, manufacturers can easily find loopholes, death time, and creative ways to optimize their production. 

Mobility: Electric Vehicles

As the world continues to embrace sustainable living, it makes sense that electric vehicles continue to increase in popularity. According to a recent study, “As of 2020, EVs accounted for just 6 percent of global automotive sales, but that is projected to grow to 13 percent by 2025 and 22 percent by 2030.” As technology continues to improve, electric vehicle sales continue to climb. 

Retail: Conscious Consumerism 

Consumers continue to be active in understanding their consumption and its impact on the world around them. This movement, known as conscious consumerism, has been reshaping consumer behaviour for some time and is continuing to gain traction. The consumer in 2022 is going to be expecting ethical practices and transparency from the businesses they choose to purchase from. 

Education: AI in Education

Technology use is once again trending in the education industry. In 2022, AI in education is looking to emerge as promising tools. Learning Analytics can be bolstered using Machine Learning algorithms and chatbots using AI can be useful in providing support for professors. 

Food: Plant-based Food

Currently, approximately 4 billion people worldwide eat a plant-based diet and this market is only expected to grow. It is estimated that “globally, the plant-based meat market will be worth $85 billion by 2030.” It makes perfect sense that the industry and technology of plant-based food will only improve and grow over the next year. 

Hospitality & Tourism: Personalized Experiences

With travel continuing to be more expensive and risky than ever, those looking to travel are looking for increasingly “extreme personalization and unique experiences.”

While this doesn’t look promising for travel agents, the independent traveller is still an excellent customer for many in the travel industry. Displays of wealth are less popular, where wisely spent, purposeful, and impactful travelling is on the rise. 

Finance: The Gig Economy 

The “gig economy” is continuing to grow in prominence. A MasterCard study found that, “digital gig work generated $204 billion in customer volume in 2018 and is expected to grow to $455 billion by 2023.” Traditionally, gig workers have had trouble securing financial services, being deemed high-risk, but as technology advances, institutions can conduct more accurate risk assessments, providing gig workers with much-needed support. 

Energy: Emerging Renewable Technologies

Renewable energy continues to be the way of the future. With an increase in private investment, pilot projects, and federal research support – it is expected that the commercialization of emerging technologies will be expedited. This includes technologies like green hydrogen, advanced batteries, and other long-duration storage tech. 

Read last month’s Trend Report here: December Trend Report

 

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