I might be thinking about diving into a new industry. What are the hottest ones going? Is there a place I can fit in in an emerging world? If these are questions you’re pondering, here are some ideas.
It’s an exciting time to be alive. Across every industry, the world is changing faster than ever before. Entirely new markets are opening up, and existing ones are evolving at a dizzying pace. So if you’re thinking about making a change in your career or starting a business in a brand-new space, you need to know what the fastest-growing industries are.
Technology – We all know that technology is moving fast. But it’s hard to comprehend how rapidly things are moving until you look at the numbers. For example, in 1995, tech companies only generated 5% of the world’s GDP.
By 2020, experts expect the number to grow to 25%. That means that tech companies will generate one of every four dollars spent worldwide. And as technology evolves, that percentage will only continue to grow. So if you’re looking for a field with lots of growth potential, technology is it.
Health and Wellness – The health and wellness industries have been booming for years now, and there are few signs of slowing down soon. As a result, Americans are becoming increasingly health-conscious and willing to spend money on products and services that help them live healthier lives.
The health and wellness industry will grow by nearly 5% every year for the next decade, so it’s an area worth considering if you’re looking for a new career or business venture.
Green Energy – With the world becoming increasingly aware of the need to move away from fossil fuels, the demand for green energy is skyrocketing. Solar energy, in particular, is expected to grow tremendously in the next few years. The solar industry will create nearly half a million new jobs by 2050. So if you’re interested in working in an industry that’s growing rapidly and positively impacting the world, green energy is a great option.
eCommerce – The rise of online shopping has been one of the most significant changes to the retail landscape in recent years. And it doesn’t appear to be grinding to a halt.
ECommerce should grow by nearly 20% yearly for the next several years. That means there will be many new opportunities for businesses and individuals with the right skills to capitalize on this rapidly growing industry.
Cannabis – The cannabis industry is one of the newest and fastest-growing industries in the world. And it’s not just limited to medical marijuana anymore. With more and more countries legalizing recreational cannabis, the industry will explode in the next few years.
Expect growth of nearly 30% every year through 2025. So if you’re actively looking for an exciting and rapidly growing industry to get involved in, cannabis is it.
These are just a few of the fastest-growing industries in the world right now. So if you’re looking for a new career or business venture with the right skills and knowledge, you can capitalize on these industries’ tremendous growth potential.