2006 and 2007 Trends

Sramana Mitra writes:

An instinctive human need to connect and share has blossomed into a full force social-networking boom on the internet. This aligns well with the pre-teens, teens, and twens becoming almost fully online in America. These, coupled with the bandwidth and technology developments in online video, are creating rampant online activity. User-generated content has emerged to become a mainstream phenomenon, now.

Almost a billion new consumers will enter the global marketplace in the next decade as economic growth in emerging markets pushes them beyond the threshold level of $5,000 in annual household incomea point when people generally begin to spend on discretionary goods. From now to 2015, the consumers spending power in emerging economies will increase from $4 trillion to more than $9 trillionnearly the current spending power of Western Europe. Much of this consumer spending will include technology – from bandwidth to electronic gadgets – sending the unit sales in semiconductors through the roof.

Looking forward to 2007, I would like to see Education and Poverty become two sexy trends, in the same vein as Green has become hot.

Published by

Rajesh Jain

An Entrepreneur based in Mumbai, India.