Markets of Tomorrow Report 2023

The report identifies agriculture, education, and energy as the top global technological priorities, with information and technology services viewed as the primary sector for new market creation. It highlights skills, infrastructure, and a lack of public sector initiative as the main global bottlenecks, noting significant variations based on national income levels.

• Globally, the three most important strategic technological priorities are agricultural technologies, education and workforce development technologies, and power storage and generation.
• Information and technology services is the top sector globally for enabling the creation of new markets, followed by agriculture and energy.
• The three most frequently cited global bottlenecks to the growth of new markets are skills and talent, infrastructure, and a lack of initiative from the public sector.
• Technological priorities vary by income level: high-income economies prioritize climate change mitigation technology first, while low, lower-middle, and upper-middle income groups rank it eighth.
• In high-innovation economies—specifically the US, Japan, China, Germany, and South Korea—artificial intelligence is the top technological priority.
• Agricultural technology is a critical priority in Sub-Saharan Africa and Latin America, though for different reasons: Africa faces volatility in food prices and climate impacts on yields, while Latin America is a major net food exporter.
• Infrastructure is a primary bottleneck in Latin America and the Caribbean, with 18 of 20 surveyed economies citing it as a top three obstacle.
• Skills and talent bottlenecks are most prominent in wealthy, small economies such as Luxembourg, Switzerland, and Singapore, reflecting concerns over domestic labour market size.
• While not a top three bottleneck globally across income groups, a lack of innovative breakthroughs is the primary obstacle cited in China and India.
• The report argues that governments should act as "investors of first resort" to encourage private sector investment in technologies that address societal needs and the Sustainable Development Goals (SDGs).

APA

World Economic Forum (2023). Markets of Tomorrow Report 2023. https://www3.weforum.org/docs/WEF_Markets_of_Tomorrow_2023.pdf

Chicago

World Economic Forum. Markets of Tomorrow Report 2023. 2023. https://www3.weforum.org/docs/WEF_Markets_of_Tomorrow_2023.pdf.

Wikipedia

{{cite report |author=World Economic Forum |title=Markets of Tomorrow Report 2023 |date=January 2023 |url=https://www3.weforum.org/docs/WEF_Markets_of_Tomorrow_2023.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{worldeconomicforum2023markets, author = {{World Economic Forum}}, title = {{Markets of Tomorrow Report 2023}}, institution = {World Economic Forum}, year = {2023}, month = jan, url = {https://www3.weforum.org/docs/WEF_Markets_of_Tomorrow_2023.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }