New Tech Leaders: Trends and Startups 2019
We have prepared a series of reports on the next generation of companies across several sectors around the globe. Our coverage includes 11 industries that have been affected the most by cutting-edge technology and are likely to shape the international economic landscape of tomorrow. This series is to be presented during the World Innovators Meet 2019, an annual event gathering global leaders from a variety of fields at the heart of Beijing.
In this report, we focus on the global 'unicorn' enterprises. Analysing investment environment, we identify the most promising of them and select 50 companies qualified for the 'Global New Tech Leaders' list.
Most unicorns disrupt traditional industries through innovation, rapidly growing and taking their businesses and, sometimes, whole sectors to the next level. The development of unicorn companies of certain type, to some extent, mirrors an industry landscape as well as regional economic features.
This report is an attempt to discover the next wave of innovation by looking at the technology pioneers that are unicorns. Besides, we try to capture the steps these companies have made to reach the current status. Over the past nine years, 535 firms of this class have appeared globally. We've crunched numbers and dissected their stories, revealing some insights:
► Enterprise services, retail and automotive are the industries somewhat special for the global startup scene;
► In terms of number of unicorn companies, following categories top the list: consumer products, corporate services, fintech, internet services, artificial intelligence, healthcare, logistics supply chain, automotive services and education;
► Business models of these startups are mostly shifting from 2C (to-consumer) to 2B (to-business), attracting more and more capital over time;
► These unicorns are scattered across 29 countries. The United States and China have the highest amount of them, together accounting for 78%;
► Fintech is the hottest sector that comprises 13 (or 26%) of our selected 50 firms, while Artificial Intelligence is the second with 11 (22%) firms.
Our set of criteria includes several categories such as market valuation, financing records, industry potential and social perception.