PitchBook-2024年企业技术展望（英）-2023.12-23页_507kb

2024 Enterprise Technology Outlook Summary

1. AI & Machine Learning

• Trend: Open-source generative AI orchestration (e.g., AI agents) will drive the creation of multiple early-stage unicorn startups.
• Reason: Developers seek tools integrating diverse models and data sources. Projects like AutoGPT, LangChain, and LlamaIndex attract VC funding.
• Opportunity: AI agent projects could surpass model developers in value due to practical applications, leading to high-value unicorns.

2. Enterprise Fintech

• Trend: Increased partnerships and demand for growth will accelerate M&A activity.
• Reason: Valuations stabilized post-inflation, and companies seek revenue growth after digital acceleration during COVID.
• Prediction: Acquisitions will exceed 2021/2022 levels, especially in high-growth payment and fintech sectors.

3. Infosec

• Trend: Infosec leaders will make multiple IAM acquisitions to address complex identity threats.
• Reason: Identity security is critical amid growing attacks. Startups specializing in threat detection and machine identity management (e.g., Astrix) will be acquired at high valuations.

4. Infrastructure SaaS

• Trend: Infrastructure investment in data software & systems will rise as enterprises monetize their data.
• Reason: AI/ML advancements make proprietary data valuable. Segments like big data platforms and data governance saw strong recovery post-2022.

5. Enterprise SaaS

• Trend: Enterprises will adopt AI/ML breakthroughs for mature, impactful solutions beyond early hype.
• Reason: Startups and incumbents integrate AI into tools like customer support, cybersecurity, and content generation. AI is becoming essential infrastructure for enterprise software.

6. Crypto

• Trend: Crypto market will shift toward centralization, driven by institutional adoption and regulated products.
• Reason: Spot ETFs and institutional custody (e.g., Coinbase) concentrate power. Decentralization risks (e.g., 51% attacks) and regulatory scrutiny will limit decentralization.

7. Insurtech

• Trend: Insurtech investments (VC/M&A) will increase due to strategic capital deployment by incumbents.
• Reason: Softening inflation, margin compression, and simplified ROI timelines favor scalable solutions. PE and big insurers acquire core platforms (e.g., Duck Creek).

8. E-commerce

• Trend: Composable commerce will rebound as merchants focus on discrete friction points and B2B growth.
• Reason: Post-COVID optimization prioritizes ROI. Best-in-class APIs enable flexibility in payments, search, and omnichannel experiences. B2B e-commerce and AI tools will fuel growth.

9. Industrial Tech

• Summarizes trends in agtech, IoT, supply chain, carbon tech, and clean energy acquisitions.

10. Consumer Tech

• Covers consumer trends like foodtech, mobility, consumer fintech, gaming, health, and biopharma investments.

Key Takeaways for 2024

• AI-Driven Consolidation: Unicorns emerge from open-source AI tools and agent projects.
• Post-COVID Rationalization: Fintech and insurtech M&A driven by growth needs; e-commerce focuses on efficiency.
• Decentralization vs. Centralization: Crypto shifts toward centralization amidst institutional adoption.
• Data Monetization: Enterprises invest heavily in data infrastructure to leverage AI/ML.