Press Releases

" "

GenAI Investment to Grow 30%, with High Maturity Companies Projecting Three Times Higher ROI Over the Next Three Years than Low-Adoption Peers

Boston Consulting Group’s Seventh IT Spending Pulse Survey Reveals Steady Modest Increase in Global IT Budgets, Rising to 3.3% in 2024 from 3.2% the Previous YearLeaders Will Focus Spending in High-Growth Areas, Including Artificial Intelligence and Machine Learning, Security Infrastructure, Cloud Services, and AnalyticsThe Primary Barrier to GenAI Adoption is the Technology’s Immaturity, Cited by 43% of High-Maturity Companies, 36% of Mid-Maturity Companies, and 50% of Low-Maturity CompaniesGenAI Allocation is Expected to Rise From 4.7% to 7.6% by 2027, with a 60% Growth Forecast Over the Next Three YearsBOSTON—With modest GDP growth and stagnant budgets, organizations around the world are finding it necessary to reallocate funds from mature areas to support IT investments. While cloud and security continue to be key priorities, generative AI (GenAI) is increasingly taking the spotlight as companies strive for significant productivity improvements. GenAI investment is expected to grow 30%, with leaders from companies with high GenAI maturity anticipating their return on investment will be three-times higher over the next three years than that of companies with little or no adoption of the technology, according to a new report by Boston Consulting Group (BCG) released today.

Alternative Protein Industry Can Learn from EV Companies_hero_rectangle.jpg

Increasing the Share of Alternative Proteins to Half the Global Protein Market Would Cut Emissions as Much as Taking Half of Gas-Fueled Cars Off the Road

Animal Agriculture Produces 15% to 20% of Green House Gas Emissions, More than Cars, Motorcycles, and Passenger Light Vehicles Put TogetherIn 2023, 18% of Car Sales Were Electric VehiclesPlant-Based Meat Accounts for Only 1% of Meat Dollar Sales in US RetailThe Alternative Protein Industry Received $635 Million in Government Support in 2022, Compared with $40 Billion for Electric Vehicles BOSTON—Growing the share of alternative proteins to half of the global protein market, including dairy, would reduce agriculture and land use greenhouse gas emissions by almost a third by 2050. It would mitigate 5 gigatons of CO2 equivalents annually, the equivalent of taking 50% of gas-fueled cars off the road. However, while the electric vehicle industry grew from 0.2% of total new car sales in 2012 to 18% in 2023, the alternative protein share of the protein market remains relatively small. Plant-based meat has hovered around 1% of total meat dollar sales in US retail for the past five years. These are among the findings of a new report being released today by Boston Consulting Group (BCG), The Good Food Institute (GFI), and Synthesis Capital titled What the Alternative Protein Industry Can Learn from EV Companies.

The-GenAI-Era-Unfolds-rectangle.jpg

Global Financial Wealth Rebounds by 7% in 2023, Driven by Buoyant Equity Markets

Financial Wealth Rebounded by Almost 7% in 2023, to $275 Trillion, After a 4% Decline in 2022Global Net Wealth—Composed of Financial Wealth, Liabilities, and Real Assets—Grew by 4.3% in 2023, to $477 TrillionNorth America Was Among the Fastest-Growing Regions, Accounting for More Than 50% of all New Financial Wealth in 2023BCG’s 24th Annual Global Wealth Report Highlights Generative AI as an Enabler for Operational Efficiencies and Improved Client ExperienceBOSTON—Global net wealth staged a significant recovery of 4.3% in 2023, after a difficult year in 2022. Much of the growth was due to a rebound in the financial market, as financial wealth—a subset of global net wealth—rose by almost 7%, following a 4% decline in 2022. Over the next five years, an estimated $92 trillion of financial wealth will be created.

" "

Can M&A Bounce Back in 2024? Second Half of 2024 Points to a Mixed Recovery for M&A

BCG’s New M&A Sentiment Index Indicates a Stable Global M&A Market Over the Next Six MonthsBased on Market Indicators and GenAI-Backed Analysis of Executive and Investor Sentiment, the Index Will Provide Monthly Insights into Where the M&A Market Is HeadedCurrent Momentum Is Strongest in Europe; Dealmakers in the Americas Appear More Cautious After a Strong Turn of the Year; Dealmakers in Asia-Pacific Seem Reluctant to Pursue Transactions, as M&A Activity in the Region Hits a Decade LowAcross Sectors, Energy Is the Bright Spot for the Remainder of 2024BOSTON—The M&A market has been slightly more active in the first half of 2024 than in the first six months of 2023, but its recovery from last year’s trough has been slower than many anticipated. The global value of M&A activity in the first half of 2024 was $1.0 trillion, well below the ten-year average of $1.5 trillion, according to a new article from Boston Consulting Group (BCG). What’s more, BCG’s newly launched M&A Sentiment Index reveals that momentum is not yet accelerating in all industries and sectors—though dealmakers appear to be more optimistic now than during the previous 24 months.

BCG Named a Worldwide Leader in Business Consulting Services by IDC MarketScape

BOSTON—Boston Consulting Group (BCG) was named a Leader in the IDC MarketScape: Worldwide Business Consulting Services 2024 Vendor Assessment (Doc #US51113123, June 2024). BCG’s “approach to business consulting services is firmly rooted in delivering tangible value at speed to its clients, through identifying and implementing the right business strategy that maximizes impact and enables competitive advantage,” the report said.