Industry Transformation refers to significant shifts in the structure, processes, and practices of a specific industry, often driven by technological advancements, changing consumer behaviors, and economic pressures. This transformation can manifest through the adoption of new technologies, the introduction of innovative business models, or changes in regulatory frameworks that alter how businesses operate within that industry.
The goal of industry transformation is typically to enhance efficiency, improve product and service quality, and create new value for customers and stakeholders. It can affect various sectors such as manufacturing, healthcare, finance, and energy, leading to the emergence of new players while rendering some traditional companies obsolete.
Industry transformation can also involve a focus on sustainability and social responsibility, pushing industries toward practices that are environmentally friendly and socially inclusive. Overall, this term encapsulates the dynamic changes that reshape industries in response to internal and external pressures, fostering an environment of continuous evolution and adaptation.
The global sports betting market is expected to grow by USD 221.1 billion from 2025 to 2029. This growth reflects a compound annual growth rate (CAGR) of 12.6% driven by…