Majority World Report Highlights Huge Growth in Internet Users Outside US and Europe
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1. The majority of internet users are now located in China and India, which together account for 32% of global internet users, compared to only 14% in the US and Europe. 2. Mobile internet is already the dominant form of internet access in the majority world, in contrast to more traditional views that it is the future in Western countries. 3. Major demographic and economic shifts are occurring as populations in Africa and parts of Asia are growing rapidly while youth unemployment remains high, yet technology companies have significant financial resources and are defining new models of work.
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Majority World Report Highlights Huge Growth in Internet Users Outside US and Europe
- 1. Majority World Report 2015 cape@localglobe.vc Web Summit, Nov 2015
- 2. Newsflash: Internet just keeps getting bigger
- 3. China + India = already 32% of global Internet with lots of room to grow 49% coverage 24% coverage
- 4. US + Europe = only 14% of global audience with very little growth 84% coverage 85% coverage
- 5. “We” are already less than "the <20%"
- 6. UK & France already smaller than Nigeria
- 7. Still we assume we have a global perspective “What % of Internet usage is desktop, mobile, tablet or console”
- 8. And some of the smartest people in our world believe mobile is the future
- 9. But in the Majority World mobile is already the present
- 10. With Middle East & Africa growing the most
- 11. When our kids are parents, Africa will be 25% of population
- 12. The future is happening in Nigeria, India & South Africa
- 13. Maybe these guys are onto something?
- 14. We’ve seen this movie before…
- 15. Smart money pouring back into Asia
- 16. Looking to repeat the epic tales of when new means of transport and trade create huge new economic empires and mass movements
- 17. Except this time the empires have new materials Messaging Blockchain Peer-to-peer connections Distributed Trust
- 18. And of course mobiles
- 19. We are officially now living in the majority world Robert MacFarlane: The Majority World – Calcutta Railway Station - 1969
- 20. 1.5bn Facebook MAUs serve as proxy for this humanity
- 21. This world is online, but facing serious employment issues
- 22. 230m people already are live outside their home countries
- 23. To what extent, if at all, do you feel that today’s youth will have had a better or worse life than their parents generations or will it be the same? Trying to find a better life for their families Ipsos Mori Global Trends 2014
- 24. Often going to places with extremely high youth unemployed
- 25. Where even those in work have less collective representation than ever before
- 26. Their Governments are in debt and find it hard to invest in public services
- 27. Yet tech giants have enormous balance sheets
- 28. And the financial markets have created >100 new Unicorns
- 29. There are now 121m Zebras on Facebook “interested in Entrepreneurship” +119% y/y
- 30. Some cities are becoming centers of entrepreneurial gospel Zebras as % of city population
- 31. Stanford is like the Vatican for Zebras Zebras in top 5 unicorn universities
- 33. Are we living in a fairy tale?
- 34. Or just a new strange world of Zebras and Unicorns
- 35. Propelling the value of tech way beyond any sectors other than energy & financial $650bn $483bn $200bn $422bn $287bn $280bn
- 36. These companies and their millennial workforce are defining our new reality
- 37. This is a generation on the move Work Leisure
- 38. Less focused on owning major assets Own Lease Rent Borrow Swap Donated House Transport Food Energy Phone Computer Clothes TV & Radio Newspaper & Books
- 39. Creating massive new opportunities Own Lease Rent Borrow Swap Donated House Transport Food Energy Phone Computer Clothes TV & Radio Newspaper & Books
- 40. So who should we be backing?
- 41. Cities Companies Universities 1976 1690 1830 3,146 837 Companies >200 yrs old 1821 1885 1096 1088 Athens 1400 BC 1776 Lisbon 1200 BC Malaga 8th Century BC Rome 753 BC Marseille 600 BC London 43 AD
- 42. Europe has too many elephants
- 43. But we also have countries where the number of Zebras are growing fastest
- 44. Unicorns are having rare economic and social impact
- 46. Money
- 47. These unicorns are creating income for millions of freelance Zebras Drivers Delivery $50-100k per year
- 48. Creating marketplaces for 10s of millions of services Zebras >$100k per year Hospitality Catering Software Data Design Future: • Teaching • Healthcare & Wellness • Supervisory Care & Security Events
- 49. As well as 10s of millions of Creative Zebras >$1m per year Products Photographers DJs & Musicians Film-makers & Animators Writers
- 50. Until Europe can create $50bn unicorns, it needs to be the best place for Zebras
- 51. Our kids will be living in a different world
- 52. What do we really know about India & China?
- 53. So let’s not be afraid of the dark
Notas do Editor
- To what extent, if at all, do you feel that today’s youth will have had a better or worse life than their parents generations or will it be the same?