Exploding Topics - ET: June 7th 2022

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Hey,

Here’s this week’s list of rapidly trending topics, insights and analysis.

Topic #1

Dog DNA Kit

A dog DNA kit allows dog owners to conduct a DNA test on their dog to reveal its ancestry.

Growing interest in understanding dogs’ lineage (mainly driven by an increase in adoption rates) is why demand for these products is growing so quickly.

(Searches for “dog DNA kit” are up 147% over the last 5 years.)

For example, a popular dog DNA kit on Amazon brings in an estimated $29K/day on Amazon.

Another highly-rated kit generates approximately $18K/day from Amazon sales.

What's next:
Dog DNA kits are part of the Advanced PetTech meta trend.

Unlike earlier generations, Millennials see pets as part of their family. Which explains why 32% of pet owners are Millennials (the largest share of any generation).

In fact, 76% of Millennials own pets, which is why they are often called “the generation of pet parents”.

Millennial price insensitivity to pet care has fueled demand for high-end, niche pet products such as the smart dog house, the pet on wheels and the automatic ball launcher.

Topic #2

WonderBotz

WonderBotz is a B2B startup that uses AI to automate tasks.

For instance, their accounting solution automates tasks that a human would normally execute, like record-to-report and order-to-cash.

According to Pitchbook, WonderBotz makes an estimated $19.1M in revenue per year.

What's next:
WonderBotz is part of the Robotic Process Automation (RPA) technology meta trend.

53% of enterprises have already invested in RPA technologies. This figure is estimated to grow to 72% within the next two years.

And Gartner estimates that 80% of finance executives have made plans to implement RPA within their organization.

This figure is complemented by Deloitte’s estimation that 78% of companies that have already implemented RPA plan to significantly increase investment in this area over the next three years.

Topic #3

Electronic Cube

Electronic cubes are smart, connected versions of a Rubik’s cube.

While still popular, the traditional Rubik’s cube market has stagnated. In fact, the market is estimated to grow at a mere CAGR of 0.8% through 2026.

Electronic cubes are looking to revamp the category for the 21st century. And it seems to be working.

In fact, a popular electronic cube brings in around $84K/month on Amazon.

What's next:
Electronic cubes are part of the IoT Toys meta trend.

Toy manufacturers are quickly pivoting towards smart, connected versions of traditional products.

The demand for IoT toys is primarily stemming from educational use cases.

Certain toys have been shown to help improve kids’ IQ, motor control, as well as social and emotional intelligence.

Connected toys can accelerate this process by increasing the toy’s use cases (children can use a single toy’s connectivity to play, compete and learn with their friends).

Which is why IoT toy sales are expected to double within the next four years.

Topic #4

DeepL Translator

DeepL Translator is an AI-based translation program.

The program is unique because, according to DeepL, it is the “world’s most accurate translator” that outperforms other popular services by three-fold in terms of translation quality.

The program supports 28 languages and has been used to translate over 1 billion words to date.

While the program has been a success among individuals, DeepL Translator is now likely to position itself as an enterprise-level solution.

What's next:
DeepL Translator is part of the AI-powered Enterprise Translation meta trend.

Enterprises often deal with complex documents containing industry-specific language.

This, combined with the fact that most language solutions take a literal, word-for-word approach to translation, is why many large organizations still rely on humans to do complex translations.

But the development of more sophisticated AI training models has led to a growing number of automatic translation tools designed specifically for enterprises.

“Exploding Topics Pro is extremely valuable to me as an investor.”

Exploding Topics Pro is the only product that identifies trends at least 6 months before they take off.

Which is why 1,000+ VCs and entrepreneurs have signed up so far.

Like Josh Chapman, Managing Partner at Konvoy Ventures.

As a VC, Josh uses the product to “see around corners”. Which helps him identify underground startups and untapped markets.

“Exploding Topics Pro helps me identify trends that no one else is highlighting. Which is extremely valuable to me as an investor.”

The best part?

You can try Exploding Topics Pro for just $1.

So if you want to stay ahead of the curve, try Exploding Topics Pro today.

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We hope you enjoyed this week's Exploding Topics Tuesday. See you next week.

Talk Soon,
Brian and Josh

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Exploding Topics - ET: June 7th 2022

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