10 World’s Largest Economic Sectors Status Quo Financial Services. Between 2.5 and 3 Commercial Real Estate. If construction Life and Health Insurance. The World Oil and Gas. With the current speed of billion adults transact exclusively in cash, of productivity were to catch up with the total Health Organization estimates a projected global natural gas & oil consumption the gas which 1.7 billion remain completely economy, the industry’s value added could shortfall of 18 million health workers by reserves will last for the next 50 to 55 years unbanked without an account at a financial rise by $1.6 trillion a year. That would meet 2030[12], mainly in low-income countries, and oil reserves will last for 40 to 45 more institution or through a mobile money about half of the world’s annual where the majority of population resides in years according to the Energy Information [6] [17] provider ; between 500 million and 1 infrastructure needs or boost global GDP by densely populated areas, which might Administration (EIA). The market is likely [9] billion people rely exclusively on retail agent 2%accordingtoMcKinsey .Incomparison, become hotbeds for new deadly diseases to continue decreasing due to the growing network instead of established financial productivity in manufacturing, retail and and epidemics. All due to inadequate popularity of electric cars and solar energy. institutions; prohibitive regulation; agriculture has grown by as much as healthcare spend in the past 5 decades, Automobile Manufacturing. 14 million proliferation of financial crime and fraud 1,500% since the 1950s, but productivity in which averaged 5% of total GDP spend in people are employed in Europe in the (according to PwC 50%+ of all companies construction has barely increased at all. The developed countries (same as for military automotive industry, 8 million in the US, as globally experience fraud annually, $42Bn is industry is extensively regulated, very spend, for example)[13] well as 5 million in China.[18] At the same the total fraud losses reported in 2020 dependent on public-sector demand, and Information Technology. Information time, an industry’s current average cash alone)[7]; existing financial architecture isn’t highly cyclical. Informality and corruption Technology (IT) has grown 2.5 times faster runway of the largest OEMs is less than 2 AL coping with fast transforming economy and distort the market. than global GDP over the past 15 years.[14] months (meaning they have cash on hand business models. E-commerce. Do you think eCommerce is IT outpaced the value-add contributions of for less than 2 months of operating Construction. In OECD countries (leading huge? It has become very important indeed, goods-producing industries to gross expenses), which is quite horrifying. Such a 38 developed countries) an average labor though it still accounts for only 20% from domestic output for the first time in 2018 working capital/liquidity deficit might result [10] productivity in construction has been total retail sales . What are some of the and is now on track to overtake services- in a huge social & economic crisis given the OF PHYGITdecliningsince 1987 for 1% annually top eCommerce challenges on top of severe producing industries which are still complexity and its interconnections to E (meaning less output for the same amount competition, low margins and dominant.[15] upstream (e.g. steel, chemicals, textiles) and [8] of work) . In specific construction sectors monopolization of the industry? Logistics, FoodIndustry. To give you the taste of how downstream industries (e.g. repair, mobility AT the decline looks as follows: -1.2% in single- distribution and other offline-related bad things have become in the food services). family residential construction (RC), operations, as well as lack of visibility in the industry, let us present you just one number Telecommunication. According to EY, ST -1.3% in multiple-family RC, +0.7% in whole supply chain, which result in $1 industrial building construction. As a result, trillion loss annually for the whole as a means of characterizing the current telecom industry’s revenue between 2010 [11] state of food sector: 690 million — which is and 2020 was growing at a compound rate global need for infrastructure and housing industry . No matter how much you invest the number of people around the world of just 0.4%, mainly due to OTT players will be hard to meet. At the same time, the in digital experience and improve your who don’t have enough to eat—and the (WhatsApp, Facebook, WeChat) luring 2021 sector employs over 7% of the world’s mobile or Web app, when offline simply number continues to rise, according to traffic away from telcos.[19] workingpopulation. can’t keep up with the increased volumes. UnitedNations.[16]