Research Note: Understanding CNBC’s 50 Disruptors
The CNBC Disruptor 50 list for 2024 showcases a diverse range of innovative companies from various industries that are reshaping the business landscape. The list includes companies from 17 different sectors, with Healthcare & Biotech and Fintech & Digital Banking leading the way, each accounting for 14.3% of the total list. Enterprise Software & Productivity follows closely, representing 12.2% of the companies.
According to reports from leading advisory firms, these industries have shown remarkable growth in recent years. Deloitte predicts that the global healthcare market will grow at a CAGR of 5% from 2021 to 2025, driven by technological advancements and increasing demand for personalized medicine. The fintech industry is also experiencing rapid growth, with KPMG forecasting a CAGR of 20% from 2021 to 2026, fueled by the increasing adoption of digital payments and the rise of neobanks.
Artificial Intelligence and Cybersecurity, each accounting for 8.2% of the list, are also witnessing significant growth. PwC estimates that the global AI market will reach $15.7 trillion by 2030, while the cybersecurity market is expected to grow at a CAGR of 10% from 2021 to 2026, as per McKinsey & Company.
Some notable competitors for the companies on the list include:
OpenAI: DeepMind, Google Brain, Microsoft Research, IBM Watson, Baidu Research
Stripe: PayPal, Square, Adyen, Checkout.com, Braintree
Databricks: Snowflake, Amazon Web Services, Google Cloud, Microsoft Azure, Cloudera
Canva: Adobe Creative Cloud, Sketch, InVision, Figma, Prezi
ElevateBio: Moderna, BioNTech, Genmab, Allogene Therapeutics, Precision BioSciences
Wiz: Palo Alto Networks, CrowdStrike, Zscaler, Fortinet, Check Point
Flutterwave: Paystack, Chipper Cash, Yoco, MFS Africa, Cellulant
Relativity Space: SpaceX, Blue Origin, Virgin Galactic, Rocket Lab, Astra
Transcarent: Accolade, Grand Rounds Health, Livongo, Omada Health, Quantum Health
Einride: TuSimple, Waymo, Aurora, Plus, Embark Trucks
The Transportation & Delivery sector, which includes companies like Zipline and Navan, accounts for 6.1% of the list. According to a report by McKinsey & Company, the global drone delivery market is expected to reach $2.1 billion by 2026, growing at a CAGR of 45% from 2021 to 2026. The corporate travel industry, represented by Navan, is also expected to recover post-pandemic, with a projected CAGR of 5.3% from 2021 to 2028, as per Grand View Research.
Other notable sectors include Robotics & Automation (6.1%), Renewable Energy & Sustainability (6.1%), Supply Chain & Logistics (4.1%), and E-commerce & Online Marketplaces (4.1%).
Continuing the list:
Octopus Energy: Bulb, OVO Energy, Ecotricity, Good Energy, Shell Energy
Scale AI: Labelbox, Appen, Hive, CloudFactory, Mighty AI
Notion: Asana, Trello, Monday.com, Airtable, ClickUp
Monzo: Revolut, N26, Starling Bank, Atom Bank, Tide
Arctic Wolf: Darktrace, SentinelOne, Rapid7, Exabeam, Securonix
Thrive Market: Whole Foods Market, Sprouts Farmers Market, Imperfect Foods, FreshDirect, Misfits Market
Chime: Dave, Varo, Current, Aspiration, One
GrubMarket: HelloFresh, Blue Apron, Sun Basket, Imperfect Foods, Good Eggs
Carbon Robotics: FarmWise, Abundant Robotics, Tortuga AgTech, Naio Technologies, Ecorobotix
Generate Biomedicines: Recursion Pharmaceuticals, Relay Therapeutics, insitro, Schrödinger, Atomwise
Figma: Sketch, InVision, Adobe XD, Framer, Axure RP
Deel: Remote, Papaya Global, Oyster, Velocity Global, Globalization Partners
Alto Pharmacy: Capsule, PillPack (Amazon Pharmacy), Blink Health, Medly Pharmacy, NowRx
Cohere: Hugging Face, Explosion AI, SpaCy, Rasa, Dialogflow
Dedrone: Fortem Technologies, Droneshield, Aaronia AG, Drone Detection Sys, Advanced Protection Systems
The Aerospace & Defense sector, represented by companies like Anduril Industries and Relativity Space, accounts for 4.1% of the list. The global aerospace and defense market is expected to grow at a CAGR of 3.5% from 2021 to 2028, according to a report by Grand View Research.
Other notable sectors in this segment of the list include AgTech & Food (2.0%), Financial Research & Analytics (2.0%), HR & Payroll (2.0%), Cooling & Heating Technology (2.0%), Community Banking (2.0%), and Communication Platforms (2.0%).
Continuing the list:
26. Kapital: Kabbage, OnDeck, BlueVine, Funding Circle, Fundbox
27. Lead Bank: Cross River Bank, WebBank, Celtic Bank, Peoples Bank, Evolve Bank & Trust
28. Phononic: Pelican BioThermal, Ember Technologies, Ferrotec, II-VI Incorporated, ThermoElectric Cooling America Corporation
29. Solugen: Genomatica, Ginkgo Bioworks, Zymergen, Amyris, Lygos
30. Tala: Branch, Jumo, Mines.io, Kiva, 4G Capital
31. Navan: TripActions, Egencia, Lola.com, Upside Business Travel, Pana
32. Beewise: ApisProtect, Pollenity, Arnia, BeeHero, Keltronix
33. AlphaSense: Sentieo, Yewno, Owl Analytics, Amenity Analytics, Accern
34. Trust & Will: LegalZoom, Rocket Lawyer, Willing, Tomorrow.me, Executor.org
35. Gecko Robotics: Sarcos Robotics, Invert Robotics, ULC Robotics, Honeybee Robotics, Square Robot
36. Glean: Elastic, Algolia, Coveo, Lucidworks, SearchBlox
37. Discord: Slack, Microsoft Teams, Zoom, Google Meet, Cisco Webex
38. Spring Health: Lyra Health, Ginger, Modern Health, Happify Health, Vida Health
39. Lineage: Americold, Lineage Logistics, United States Cold Storage, Agro Merchants Group, NewCold
40. Abnormal Security: Agari, Valimail, Tessian, Ironscales, Area 1 Security
41. Watershed: Persefoni, Ecovadis, Civity, Emex, Sinai Technologies
42. Maven Clinic: Progyny, Kindbody, Carrot Fertility, Ovia Health, Cleo
43. Cityblock: Oak Street Health, VillageMD, Iora Health, ChenMed, Landmark Health
To conclude the analysis of the CNBC Disruptor 50 list for 2024, let's examine the final seven companies and their respective industries.
Discord, a communication platform, represents 2.0% of the list. The global team collaboration software market is expected to grow at a CAGR of 13.2% from 2021 to 2028, as per a report by Grand View Research.
The remaining companies on the list represent various industries, including Mental Healthcare (Spring Health), Cold Storage & Logistics (Lineage), Email Security (Abnormal Security), Climate Management Software (Watershed), Women's & Family Health (Maven Clinic), and Healthcare for Underserved Communities (Cityblock).
Here are some competitors for the companies ranked 44-50 on the list:
44. Discord: Slack, Microsoft Teams, Zoom, Google Meet, Cisco Webex
45. Spring Health: Lyra Health, Ginger, Modern Health, Happify Health, Vida Health
46. Lineage: Americold, United States Cold Storage, Agro Merchants Group, NewCold, Burris Logistics
47. Abnormal Security: Agari, Valimail, Tessian, Ironscales, Area 1 Security
48. Watershed: Persefoni, Ecovadis, Civity, Emex, Sinai Technologies
49. Maven Clinic: Progyny, Kindbody, Carrot Fertility, Ovia Health, Cleo
50. Cityblock: Oak Street Health, VillageMD, Iora Health, ChenMed, Landmark Health
