• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • About

Economy and Business News

Market Trends and Business Perspectives

  • News
  • Features
  • Financial
  • Tech
  • Manufacturing
  • Logistics

billion

The 5G economy will ‘spur massive GDP and job growth across the US’, says BCG

February 26, 2021 by Abdul Montaqim

5G networks in Washington, DC could create about 4.5 million jobs in the US and add roughly $1.5 trillion to the country’s GDP, according to a new report from Boston Consulting Group (BCG), commissioned by CTIA, the wireless industry association.

BCG’s analysis shows that 5G will contribute to US GDP and employment growth by enabling of innovation that will transform all sectors of America’s economy across cities and communities of all sizes.

“Our analysis shows that the 5G economy’s impact will be broad and deep, unlocking significant benefits across the US and enabling new use cases across all industries, including health care, education, and agriculture,” said Enrique Duarte Melo, a BCG managing director and senior partner and lead author of this report. “The GDP growth and job creation that America’s 5G networks are beginning to unlock will be instrumental in jump-starting the country’s economic recovery.” [Read more…] about The 5G economy will ‘spur massive GDP and job growth across the US’, says BCG

Filed Under: Features, Tech Tagged With: america, analysis, bcg, benefits, billion, care, cases, contribute, country, economy, gdp, growth, industries, job, jobs, networks, wireless

Venture capital investment in fintech more than doubles in second half of 2020 – expected to remain strong into 2021

February 26, 2021 by Abdul Montaqim

According to the Pulse of Fintech H2’20, a bi-annual report on global fintech investment trends published by KPMG, overall global fintech funding across M&A, PE and VC was US$105 billion across 2,861 deals in 2020: the third highest level of investment in fintech ever.

With the exception of M&A – which saw deal value drop over 50 percent (from $130 billion in 2019 to $61 billion in 2020) – the overall fintech market proved remarkably resilient in 2020 despite a broad array of uncertainties, from the global pandemic to the US presidential election. Following a short COVID-19 driven pause in H1’20, fintech investment bounced back strongly in H2’20, more than doubling from H1’20 ($33.4 billion) to H2’20 ($71.9 billion). The US was the dominant benefactor for fintech investment in 2020, while the payments space continued to dominate investment from a sector perspective.

Strong VC investment throughout the year helped buoy overall fintech investment. Global fintech-focused VC investment reached $42 billion in 2020, including $20.5 billion in H2. Both the Americas ($23 billion) and EMEA ($9.2 billion) regions saw record highs of annual fintech-focused VC investment. US-based wealthtech Robinhood raised the most VC funding in H2’20: $1.3 billion across two rounds ($600 million and $668 million). Several digital banks also raised funding rounds greater than $500 million, including Sweden-based digital bank Klarna ($650 million), UK-based Revolut ($580 million), and US-based Chime ($533 million). [Read more…] about Venture capital investment in fintech more than doubles in second half of 2020 – expected to remain strong into 2021

Related Posts

  • Future looks bright as Global VC funding soars to $300.5 billion in the second biggest year for VC funding in a decade
    73
    Future looks bright as Global VC funding soars to $300.5 billion in the second biggest year for VC funding in a decadeDespite global uncertainty resulting from a number of ongoing events including the COVID 19 pandemic, the US presidential election, Brexit negotiations and trade tensions between the US and China, global VC investment remained very robust in Q4'20, with $80.8 billion in investment across 5,418 deals. According to the Q4'20 edition…
    Tags: $, billion, investment, financial
  • Capital strategies being rewritten as C-Suite grapples with immediate impact of new reality
    38
    Capital strategies being rewritten as C-Suite grapples with immediate impact of new realityBusiness leaders are focussing on navigating the immediate impact that COVID-19 has across supply chains, revenue and profitability, while reconfiguring capital allocation and M&A plans for the post-crisis world, according to the 22nd Edition of the EY Global Capital Confidence Barometer (CCB22). Almost three-quarters (73%) of respondents to CCB22, a…
    Tags: financial, news

Filed Under: Financial, News Tagged With: billion, fintech, investment

Deloitte Global tech, media and telecom predictions: Growth in digital reality, virtual doctor visits, cloud, and sports tech intensify

February 22, 2021 by David Edwards

Deloitte Global has released its Technology, Media & Telecommunications (TMT) Predictions report, which highlights how worldwide trends in TMT may affect businesses and consumers worldwide. In addition, the report highlights how many of these trends are being driven by the global pandemic’s economic and societal impacts, resulting in intensifying growth in video, virtual, and cloud technologies, as well as in media segments such as sports.

“While some technologies followed expected growth patterns, the reality of a global pandemic has resulted in unprecedented technology acceleration that has fundamentally changed how we live and work,” said Ariane Bucaille, Deloitte Global Technology, Media & Telecommunications Industry leader. “A range of enterprise and consumer technologies—from 5G to the cloud to virtual reality—will continue to offer opportunities to the worldwide business ecosystem.”
Doctor visits move to video

One effect of COVID-19 has been jumpstarting a worldwide trend of telemedicine, including video-based doctor visits. The global pandemic not only necessitated the elimination of regulatory barriers to such visits but also helped consumers better understand and leverage video calling apps, especially consumers over the age of 65. [Read more…] about Deloitte Global tech, media and telecom predictions: Growth in digital reality, virtual doctor visits, cloud, and sports tech intensify

Filed Under: News, Tech Tagged With: billion, cloud, deloitte, digital, global, growth, market, media, pandemic, predictions, predicts, reality, report, sports, technology, tmt, video, virtual, visits, worldwide

Primary Sidebar

Latest articles

  • McKinsey ‘revolutionizes customer experience’ with AI launch
  • Community banks a key resource for small businesses when crises arise
  • Deloitte teams with Nvidia to launch the Deloitte Center for AI Computing
  • India wearables market sees triple-digit growth in 2020, according to IDC
  • The 5G economy will ‘spur massive GDP and job growth across the US’, says BCG

Most Read

  • McKinsey ‘revolutionizes customer experience’ with AI launch
    McKinsey ‘revolutionizes customer experience’ with AI launch
  • Community banks a key resource for small businesses when crises arise
    Community banks a key resource for small businesses when crises arise
  • Deloitte teams with Nvidia to launch the Deloitte Center for AI Computing
    Deloitte teams with Nvidia to launch the Deloitte Center for AI Computing
  • India wearables market sees triple-digit growth in 2020, according to IDC
    India wearables market sees triple-digit growth in 2020, according to IDC
  • The 5G economy will ‘spur massive GDP and job growth across the US’, says BCG
    The 5G economy will ‘spur massive GDP and job growth across the US’, says BCG
  • Highspot raises $200 million in growth funding to ‘take sales enablement mainstream’
    Highspot raises $200 million in growth funding to ‘take sales enablement mainstream’
  • Capital strategies being rewritten as C-Suite grapples with immediate impact of new reality, says EY
    Capital strategies being rewritten as C-Suite grapples with immediate impact of new reality, says EY
  • Role of ‘chief sustainability officer’ will rise to prominence in coming years
    Role of ‘chief sustainability officer’ will rise to prominence in coming years
  • Venture capital investment in fintech more than doubles in second half of 2020 – expected to remain strong into 2021
    Venture capital investment in fintech more than doubles in second half of 2020 – expected to remain strong into 2021
  • Tech-Driven Consumer Appetite for Digital is Reshaping Retail’s Next Normal
    Tech-Driven Consumer Appetite for Digital is Reshaping Retail’s Next Normal

Secondary Sidebar

Categories

  • Features
  • Financial
  • Management
  • Manufacturing
  • News
  • Sales & Marketing
  • Tech
  • Transportation

Copyright © 2023 · News Pro on Genesis Framework · WordPress · Log in