Choosing an industry for your small business can make all the difference in your success.
Here are some of today’s most promising growth industries.
The green construction industry is expected to generate $303.4 billion from 2015 to 2018—nearly double the $167.4 billion it generated from 2011 to 2014.
The number of translation jobs is projected to grow by 46% between 2012 and 2022, and the global market for language services and technology will hit $49.8 billion in 2019.
Between now and 2018, online grocery stores are projected to grow 21% annually, generating $18 billion by 2018.
The U.S. is the world’s largest market for chocolate--about 85% of Americans buy chocolate. U.S. chocolate confectionery sales are projected to reach $25 billion by 2019, up from $21 billion in 2014.
Sales of craft beer doubled from 2009 to 2014 to $20 billion, and are forecasted to reach $36.3 billion by 2019.
There’s No Place Like Home
By 2040, more than 20% of the U.S. population will be age 65 and over—up from 13% in 2010. Jobs for home health aides are expected to grow by 48 percent by 2022.
E.T., Drone Home
Drone manufacturing is already a $3.3 billion industry in the U.S. With applications including humanitarian relief and scientific research, the drone industry is projected to grow to $82 billion by 2025.
Biometrics use body scans (of voices, fingerprints, retinas, etc.) for applications, such as building access and online security. Security concerns are powering this industry, projected to grow from $7 billion in 2014 to $44.2 billion by 2021.
Online fraud detection software is projected to generate $1.78 billion by 2020, up from $817.2 million in 2014 and $48.8 million in 2005.
Corporate wellness services, which provide consulting, fitness programs and even software to track wellness, are expected to grow 8.4 percent annually, generating $12.1 billion in 2020.
By 2017, more than half of Americans, 95.1 million people, will use their smartphones to make a purchase.
Here, Kitty, Kitty
Americans spend nearly $20 billion a year on pet care, including $389 million on toys. With 71% of Generation X and 65% of Millennials owning pets, this industry is on track for continued steady growth.