IDC Eyes the Future of Industry Ecosystems
December 2, 2021
International Data Corporation made its Future of Industry Ecosystems
predictions for 2022 and beyond. Over the course of the COVID-19 pandemic, a
"digital divide" emerged where companies that invested in digital before 2020
progressed more quickly through the stages of disruption to the next phase of
growth. Digital transformation (DX) was accelerated by the need for remote work
and collaboration with internal and external constituents, and those companies
that had previously implemented DX initiatives prior to the pandemic were – and
continue to be – able to respond more flexibly.
Another component of digital transformation that accelerated during the pandemic
is the evolution of industry ecosystems from a static list of partners that
provide supply or support occasionally to a diverse, flexible, and scalable mix
of technology vendors, industry organizations, industry consortia, supply
chains, service providers, service and expert networks, and the end customer.
Examples exist today of companies, both friend and foe, working together in
tandem to share data and insights, applications, and operations and expertise,
while delivering products, services, and experiences in a blended physical and
digital way to the end patient, citizen, customer, or consumer.
"Opening and extending innovation, collaboration, and operation with partners
inside and outside any given industry have become a critical strategy for
executives and their organizations," said Jeffrey Hojlo, research vice
president, Future of Industry Ecosystems at IDC. "The world and each industry
business landscape are too complex, dynamic, and disruptive for any one
organization to address on its own. As such, every industry needs an external
source of data, insights, applications, operations, and expertise to complement
and grow its business."
IDC's 2022 Future of
Industry Ecosystems top 10 predictions explore the
digital divide between companies that have and have not
digitally transformed into a unified industry ecosystem
by incorporating a network of ecosystem partners,
industry organizations, and consortia:
Prediction 1: By 2022, organizations that share
data, applications, and operations with their
industry ecosystem will realize a revenue increase
three percentage points higher than nonparticipants.
Prediction 2: By 2024, 80% of industry ecosystem
orchestrators will mandate a uniform environmental,
social, and governance (ESG) policy for industry
ecosystem participants through a governance platform
and applications for initial and ongoing
Prediction 3: By 2023, 60% of industry
ecosystems will establish open innovation hubs for
cross-industry collaboration, shared application
development, personalized customer engagement, and
5% year-over-year participant growth.
Prediction 4: By 2025, 80% of industry ecosystem
participants will leverage their own product, asset,
and process digital twins to share data and insight
with other participants.
Prediction 5: By 2026, 25% of the new
application portfolio of global and local public,
private, and nonprofit organizations will consist of
consortia-developed applications within their
Prediction 6: By 2025, blockchain will find its
killer application with industry ecosystems, as 80%
of Global 2000 organizations use distributed ledgers
in their ecosystem initiatives to establish and
Prediction 7: By 2022, 50% of the Fortune 500
will manage the value of shared ecosystem data via
KPIs of improved operational productivity, ongoing
customer engagement, and skills enhancement.
Prediction 8: By 2023, 25% of industry
organizations will utilize venture capital
subsidiaries and funding from industry partners to
accelerate ecosystem scale, finance green
initiatives, and spark innovation.
Prediction 9: By 2024, 50% of federal
governments will take an active role in industry
ecosystem development, scale, and support through
legislation, financing, security, and digital and
Prediction 10: By 2026, on average, 30% of
Global 2000 company revenue will derive from
industry ecosystem shared data, applications, and
operations initiatives with partners, industry
entities, and business networks.