Changing technology continues to impact the United Kingdom, and one major research firm has compiled data to show a vision of what the region will look like in years to come.
It won’t be made up of mostly rolling countryside. In fact, 81 percent of the population will be making their homes in urban areas.
Instead of the residents now typically stopping into small local shops or large department stores, more than one in four British residents will be shopping online by 2025. That is the highest number in the world, per capita, according to the Frost & Sullivan (News - Alert) report.
“Retail in the UK is transitioning from brick and mortar supermarkets to virtual stores and online hypermarkets – merging both bricks and clicks,” Frost & Sullivan predicts in a new report. “The Bricks and Clicks Mega Trend is influencing most British retailers to transition from having a single/multiple channel to an integrated cross-channel model, merging physical and virtual forms of retailing.”
Also, the region will have some 200 million connected devices by 2020. In addition, close to 5 million broadband homes are predicted to have at least one smart home system by 2017. By 2019, some 43 million smart meters will be installed in some 30 million UK homes.
In addition, the number of people over 65 will make up one fifth of the population. This segment of the population will have greater healthcare needs, which will cause a ripple effect. These effects include: changes in healthcare, more neighborhoods for aging citizens, robotic care for the elderly, e-health, regenerative medicine, personalized medicine, health kiosks, tissue engineering, nutraceuticals, healthcare tourism, cybernetics, and non-invasive surgery.
And England’s South East region will become the second largest region after London. It will represent 15.3 percent of the UK’s total GDP.
Details on the Frost & Sullivan report “New Mega Trends in the UK” will be released May 14 in London. The report includes 12 mega trends that will “drive growth and innovation in the UK,” the firm said.
"These are new areas of growth in key industries that will help economic development, boost private sector investment and promote partnerships with overseas companies," Frost & Sullivan Partner Sarwant Singh added in a statement from the firm.
There are some of the same trends impacting other regions of the world. For instance, Manoj Menon, Asia-Pacific managing director at Frost & Sullivan, recently stated, "Today's businesses are impacted by everything from social networking to mobile data, presence, location, unified communications and video.”
“These factors enable broader 'megatrends' that drive all facets of society including urbanization, smart infrastructure, geo socialization, cyber realities, and even smart cloud services," Menon added in a statement carried by TMCnet.
Edited by Rich Steeves