What does 2024 hold for emerging tech?
Two mega-trends stand out in our 2024 emerging tech outlooks—the continued rise of AI and increasing M&A.
Our analysts pinpoint where AI is likely to have the greatest impact, as we expect significant advancements in automating labor-intensive activities such as farm work and driving in 2024 and 2025.
We also expect AI to further automate enterprise software applications by minimizing the need for human labor. These shifts should accelerate or sustain as AI models improve on the back of immense VC investment.
The second major trend we expect in 2024 is an increase in M&A in fintech, insurtech, identity and access management, and more.
The prospects of declining interest rates are boosting equity valuations and improving LBO math, both of which make M&A more likely. Additionally, decreasing odds of a recession are likely to push more large corporates to accelerate acquisitions in fintech, insurtech, cybersecurity, and SaaS.
Other key trends in our 2024 outlooks include greater institutional adoption and control of crypto assets, AI-driven improvements in personalized nutrition, greater penetration of drone deliveries, the shift to low/no carbon energy, increasing demand for carbon credits, and more adoption of composable e-commerce services.
Read all of our tech outlooks here:
