Proof Point

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PwC study found more CEOs believe technology will impact competition in their industry over the next five years than during the past five years

Impact of Technology on Competition According to CEOs
2016 (percentage of respondents)

Note: Data based on PwC’s 20th Global CEO survey of 1,379 respondents
Proof Point Findings:
  • Technology Driving Competition – 75% of CEOs believe technology will significantly impact or completely reshape competition in their industry over next five years, compared to 60% when reviewing last five years
  • Few Technology Naysayers – Only 2% of CEOs believe technology will not impact competition in their industry over next five years, down from 6% over past five years
  • Key Drivers – Include proliferation of startups entering markets and disrupting incumbents, rapid advancements in core technologies (e.g. computing power, connectivity, artificial intelligence, and sensors) driving innovations in various fields, cross-industry convergence, and evolving customer behavior
Sector: Information Technology
Source: 

Date Last Updated: June 3, 2017

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