Current and future market trends

Trends are what allow traders and investors to capture profits. There are four major factors that cause both long-term trends and short-term fluctuations. These factors are government, international transactions, speculation and expectation, and supply and demand. Here are the four major factors:

Current and future market trends

Without urgent and targeted action today to manage the near-term transition and build a workforce with futureproof skills, governments will have to cope with ever-growing unemployment and inequality, and businesses with a shrinking consumer base.

Our dataset aims to bring specificity to the debate and to the options for action, by providing the perspective of Chief Human Resources Officers of leading employers who are among those at the frontline of the emerging trends and are key actors in implementing future workforce strategies.

Current and future market trends

Impact of Disruptive Change on Employment Overall, our respondents seem to take a negative view regarding the upcoming employment impact of artificial intelligence, although not on a scale that would lead to widespread societal upheaval—at least up until the year By contrast, further unpacking the bundle of technological drivers of change in the mould of the Fourth Industrial Revolution yields a rather more optimistic picture regarding the job creation potential of technologies such as Big Data analytics, mobile internet, the Internet of Things and robotics.

However, by far the Current and future market trends expected drivers of employment creation are demographic and socio-economic in nature; in particular, the opportunities offered by young demographics and rising middle classes in emerging markets and the rising economic power and aspirations of women.

Conversely, our respondents share a stark premonition that increasing geopolitical volatility risks being the biggest threat—by far—to employment and job creation at the global level. Estimated employment effects have Current and future market trends converted into compound growth rates for the — period, i.

A compound growth rate can be thought of as a way to smooth out a rate of change so that it may be more easily understood for details, see Appendix A: However, this aggregate-level view of the driving forces behind employment change masks significant variation and important nuances at the level of individual job families and occupations.

Our respondents expect strong employment growth across the Architecture and Engineering and Computer and Mathematical job families, a moderate decline in Manufacturing and Production roles and a significant decline in Office and Administrative roles.

Other sizeable job families, such as Business and Financial Operations, Sales and Related and Construction and Extraction have a largely flat global employment outlook over the — period. Further unpacking these expectations according to the factors driving employment change makes clear the true scale of impending industry and occupational transformation.

The expected global decline in total Manufacturing and Production roles is driven by labour-substituting technologies such as additive manufacturing and 3D printing as much as by more resource-efficient sustainable product use, lower demand growth in ageing societies and threats to global supply chains due to geopolitical volatility.

Conversely, 3D printing, resource-efficient sustainable production and robotics are all seen as strong drivers of employment growth in the Architecture and Engineering job family, in light of a continued and fast-growing need for skilled technicians and specialists to create and manage advanced and automated production systems.

This is expected to lead to a transformation of manufacturing into a highly sophisticated sector where high-skilled engineers are in strong demand to make the industrial Internet of Things a reality. The fortunes of other job families due to these same factors are mixed.

Installation and Maintenance jobs, for example, will see great productivity enhancements and strong growth in green jobs such as the installation, retrofitting, repair and maintenance of smart meters and renewable energy technologies in residential and office buildings, but—at an aggregate level—will also come face-to-face with the efficiency-saving and labour-substituting aspect of the Internet of Things.

Similarly, despite some challenges, global demographics will sustain demand for Construction and Extraction jobs.

Resource-efficiency is expected to be another key driving factor for this job family, at least in the case of construction, in the creation of new and improvement of existing housing stock, often using new construction techniques, materials and approaches. Automation of checkout processes and smart inventory management through sensors and other applications of the Internet of Things are some of the factors expected to lead to a decrease in demand for traditional roles in the Sales and Related job family.

Consumer ethics and green consumption practices are likewise anticipated to impact negatively on traditional roles in the job family, though perhaps with an upside for employees with skills in accrediting and advising on eco-labelled products.

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The strongest employment growth in the sector is expected to come from a continued shift towards online shopping and the application of Big Data analytics to derive and act upon insights from customer data and preferences to provide a personalised shopping experience.

Two further job families with mainly flat aggregate employment outlooks over the coming years are Business and Financial Operations and Management. Each is affected by a very wide range of factors, hinting at the scale of transformation and upskilling needs these job families will undergo over the coming years.

Strong employment growth in the Computer and Mathematical job family is driven by trends beyond technology, such as rapid urbanization in developing countries, as well as by disruptions that negatively affect the employment outlook in other job families, such as geopolitical volatility and privacy issues—as companies from virtually all industries seek to recruit specialists that can help them apply tools such as Big Data analytics and data visualization to better understand and cope with these issues.

The biggest employment decline of any job family is expected in Office and Administrative roles, which are expected to be negatively affected by a perfect storm of technological trends that have the potential to make many of them redundant, such as mobile internet and cloud technology, Big Data analytics and the Internet of Things, but also factors such as climate change and resource efficiency and workplace flexibility that undermine the rationale for maintaining a large workforce within these roles.

Interestingly, our respondents expect a comparatively small employment impact from two disruptions that currently receive significant attention.

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Where it is mentioned, the artificial intelligence and machine learning driver is expected to lead to negative employment outcomes in job families such as Education and Training, Legal and Business and Financial Operations.

However, it appears our respondents do not believe that these technologies will have advanced significantly enough by the year to have a more widespread impact on global employment levels. Similarly, the sharing economy may have the potential to radically transform the way work is organized and regulated in certain job families, with all the opportunities and challenges this entails; but where it is mentioned as a driver of change to employment, its effect is largely seen as benign in the next five years.

Our analysis reveals that upcoming disruptions to the employment landscape are going to be a lot more complex and multi-faceted than conveyed by a narrow focus only on automation, and that we must act within the current window offered by the varying speeds of technological transformations to prepare.

Global Net Employment Effects The survey results provide direct information on the expected relative employment changes to job families over the period — It is possible to extrapolate from these values the estimated numbers of jobs created or lost in absolute terms worldwide.

Current and future market trends

Between them, the 15 economies covered by our data account for about 1. Using the standardized occupational classification behind our research framework, we have estimated the total number of people employed in any given job family in each of our focus countries although for China, which accounts for million workers out of our total, this data is unfortunately not available in a directly comparable format.

According to these calculations, current trends could lead to a net employment impact of more than 5. A number of conclusions stand out: Manufacturing and Production roles are also expected to see a further bottoming out but might have the worst behind them and still retain relatively good potential for upskilling, redeployment and productivity enhancement through technology rather than pure substitution.For the 10 year forecast of the market, various macroeconomic factors and changing trends have been observed, which give an idea about the future of the market.

Other important factors considered to arrive at market forecast include the size of the current market, inputs from the supply side and demand side and other dynamics shaping the.

The retail, wholesale, and distribution industry outlook explores recent trends and how they impact on today's consumers and business owners. Nov 18,  · According to these calculations, current trends could lead to a net employment impact of more than million jobs lost to disruptive labour market changes over the period –, with a total loss of million jobs—two thirds of which are concentrated in the Office and Administrative job family—and a total gain of 2 million jobs.

Expectation of future action is dependent on current acts and shapes both current and future trends. Sentiment indicators are commonly used to gauge how certain groups are feeling about the.

Selbyville, DE -- -- 11/19/ -- schwenkreis.com Adds New Embedded Software Market – research report providing information and By Operating System, By Application, By Function, Industry Analysis, Regional Outlook, Growth Potential, Trends, Competitive Market Share & Forecast spreading across Pages with table and figures in it.

Expectation of future action is dependent on current acts and shapes both current and future trends. Sentiment indicators are commonly used to gauge how certain groups are feeling about the.

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