Mary Meeker’s amazing Internet Trends 2017

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Each year, Mary Meeker of venture capital firm Kleiner Perkins Caulfield Byers produces a report on global internet trends and technology. It has become the ‘must-read’ for technology and business, and the 2017 Report fills 355 slides (up from 213 last year).

There is so much in it, including global macro trends, it’s almost impossible to summarise unless a single topic is chosen. It was delivered by Meeker at the Code Conference in a rapid-fire 33 minute presentation but she says the material is meant to be read, not presented.

It’s worth flicking through the 2017 Internet Trends Report in full, but here are the ‘focus topics’:

  • Online Ads and Commerce: A review of current advertising trends shows an increased focus on the measurability of online ads and the interconnectedness of ads and commerce (slides 10-79).
  • Interactive Games: Evolving and driving innovation, becoming leading spectator sports with growing use of games for education, learning and driving the consumer and tech landscape (slides 80-150).
  • Media Distribution Disruption: Digital streaming businesses have changed the media game through scale and personalisation. Consumers want choice but are concerned about privacy (slides 151-177).
  • Healthcare: Digitisation of patient data, pharmaceutical testing and medical records lead to more accurate diagnosis (slides 288-319).
  • China: Mobile user engagement is creating an evolution in mobile-centric entertainment and financial technology, plus leading on-demand transportation (slides 193-231).
  • India: Behind China, but leapfrogging to new technologies and 1.2 billion people with digital identity profiles (slides 232-287).

Almost every business is affected in some way by the changes Meeker describes. There are now 3.4 billion internet users worldwide, growing at 10% a year. Online advertising is rapidly increasingly, with mobile gaining share over desktops. Internet advertising exceeded television advertising for the first time in 2017, with an incredible 85% of ad growth going to Facebook or Google. Meeker describes the type of ads that work on different platforms.

The future will be about pictures rather than words, with algorithms interpreting content. Machine learning is improving rapidly, and real-time online customer conversations are rising.

There’s an incredible rise of global interactive gaming, which Meeker describes as the ‘motherlode’ of tech product evolution and learning. There are now an unbelievable 2.6 billion gamers in the world versus 100 million in 1995. It is now mainstream, and the average age of gamers is 35 years. The games are not all trivial, as many involve planning workflows, resource efficiency, social connections, interactive learning, personal finance, esports and even surgery.

Other sections in the presentation are on media, music, health, video, augmented reality, retailing, China and India. Phew … it’s hard not to be overloaded with data.

And what about financial services? Try slide 223 for rapid take-up of payments, wealth management, financing and insurance and hundreds of millions of online users.

internet trends report 2017

If you don’t have time to scan the 355 slides because you’re too busy in the present or worrying about the past, at least look to the future for half an hour by locking yourself in a room with a laptop and watch her presentation. It may reframe how you think about the coming years.

 

Graham Hand is Managing Editor of Cuffelinks.

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4 Responses to Mary Meeker’s amazing Internet Trends 2017

  1. Ashley June 8, 2017 at 11:48 AM #

    Obviously, in 355 pages, she mentions any and every possible idea. It would be better to put her neck out and picking the 1 or 2 big things that count (Buffett only has one or two good ideas per decade – that’s enough for me). And she’s just made the jump from sell side to buy side – very different game.

    • Chris June 8, 2017 at 2:17 PM #

      Agreed. The best communicators are those who take a complex idea and make it simple. 355 pages to me seems far too much and an each way bet on everything (in case you are wrong and someone reminds you of it 10 years later). I wrote a PhD thesis and that was 418 pages.

      That, over the course of a year for delivery on material for the next year, is a page every day.

  2. Kevin June 8, 2017 at 8:35 PM #

    Strange she and most Financial Planners, Advisors and bankers don’t know or pretend to not know, or talk down Digital Currencies. Which are making multi millionaires before our very eyes . Ethereum, Bitcoin etc , supported positively by Putin, Obama, Gates, Branson, Forbes , big businesses etc. why? I’d say these folks incomes get affected. Badly.

  3. Ramon Vasquez June 20, 2017 at 8:34 PM #

    MMMMMh….. Joking aside;

    I wonder how many old-time Chinese business owners and managers are still operating exclusively with their single trusty abacus?

    I recall a business owner in Singapore, some forty years ago, who ran six large ships and a rice importing business with ONLY an abacus operated by his wife.

    Q.E.D. as used to be said. Ramon

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