fastest growing industries to start a business

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In most U.S. cities, one of the largest employers is always a school district. While many businesses end up failing, the following ten have been incredibly successful. I cover the 101 best and fastest growing business ideas to start in 2020. This is broad, but it does exclude establishments that provide the staff to carry out the complete operations of a business. However, there’s more to it than just finding a source and bottling the water. Step into a career in one of the Philippines' three fastest-growing industries. 1. By Mariliana Fotopoulou Friday, June 19, 2020. 1 – Renewable energy The price of renewable energy such as solar and wind power has declined in recent years and become more affordable, meaning that green power is now being seen as a more feasible option for many countries and companies. Growing a business takes significant effort. 5 Fast-Growing Industries Ripe for Entrepreneurs Next Article --shares; link ; Add to Queue Entrepreneur's New Year’s Guide. Starting a business in a state that's experiencing a decline in population, has unfavorable taxes and has... Read More, If you’ve ever wondered what it’s like to see the country through the eyes of a truck driver, now’s a good time to stop wondering and head to your nearest driving school. Another thing that is making the ICT industry thrive is the market for cell phones. 10 Dying Industries #1 Video Tape / Disc Rental #2 Libraries & Archives #3 Directories & Mailing List Publishers #4 Photofinishing #5 Newspaper Publishers #6 Telephone Apparatus Manufacturing #7 Sound Recording Studios #8 Book Stores & News Dealers #9 Stationery Product Manufacturing #10 Textile & Fabric Finishing Mills; 12 Growing Industries #1 VR / AR Tap into great ideas from the team at Seek Capital. The ICT industry has shown consistent growth in this industry. Covid has disrupted the global economy, but ZM, AMZN, NVDA and AMD are among 27 fastest-growing companies expecting up to 711% growth in 2020. Thanks for subscribing! In the last 10 years, employment in outpatient care centers surged from 580,900 in 2008 to 934,400 in 2018. 3. Up Next: How to Safeguard Your Business for the Next Recession. In particular, small businesses, which are defined as independently-owned businesses with fewer than 500 employees, are significant drivers of economic growth and job creation. Outsourcing is frequently the target of criticism for eliminating jobs, especially low-skilled labor. – The Energy sector top performer is #2, EnviroSolar Power, Fort Worth, TX is an installer and manager of solar energy for commercial and residential buildings. The other component is diagnostic imaging centers, accounting for 3,379 businesses. Therefore, someone who possesses strong technical skills will be an asset to any company. Interestingly, a recent study by financial data firm Sagewell also indicates that five out of ten of the fastest-growing small business industries are related to construction. To start a new business effectively, you need to have a good idea or the fastest growing industries you’re preparing to enter. Starting a business in an industry that is hot with growth is obviously better than an industry that’s diminishing. See: 7 Fears to Overcome Before Starting Your Business. Bottled Water. How to Stand Out Along with everything else a healthy business requires, this is a pretty important task. 10 of the Fastest-Growing US Companies in 2020. Business Finance. The goal is to create greater utility for aspiring entrepreneurs; we think it’s a lot more helpful to know that the fastest growing industry is home healthcare services, rather than simply healthcare, which encompasses thousands of different business ideas. Try them out to get your online business going. This industry is composed of businesses with medical staff that is principally engaged in a variety of outpatient services, including diagnosis and treatment of mental health disorders, treatment of alcohol and other substance abuse, family planning, and other general or specialized outpatient care. The industry for home care and maintenance has grown by 13% since 2016, making home and property maintenance the fastest growing industry to start a business in 2020 by Excellent Webworld. For instance, the industries in our ranking aren’t broad and unspecific like finance, education or energy. Based on expert analysis and our database of 1,300+ US industries, IBISWorld presents the 10 fastest growing industries in the US in 2021 ... booking agencies capitalized on increased demand for travel while traditional travel agencies worked to reinvent their business practices. Here are the 15 best niche industries for startups. It’s easy to see why it’s such a fast-growing sector. These themes and patterns could be used to help prospective entrepreneurs zero-in on potential business ideas. Healthcare is also already one of the largest industries in the U.S. Health systems are frequently the biggest employer in many cities. In line with this trend, home healthcare services have been and will continue to experience incredibly fast growth in the coming decade. For these companies, innovation, creativity, and … According to the NAIC, businesses in the management, scientific and technical consulting services industry are involved in providing advice and assistance to businesses and other organizations on management, scientific, technical and environmental issues. 1. Not only are we becoming more ... but, in many cases, technology systems are central to how we do business. This makes the industry a bit vague, so here are some examples: non-real estate appraisal services, patent broker and marketing services, commercial photography, pipeline or power line inspection services, consumer credit counseling, weather forecasting, arbitration and conciliation services not covered by attorney or paralegal offices, among many others. Bookkeeping Keeping track of expenses is something all businesses have to do. Elementary and secondary schools are forecasted to increase employment to more than 1.2 million by 2028. Technology. Check out the 15 best industries you can launch your business in, and become the industry leader with consistent efforts and the latest technology upgrades. 16 Fastest Growing Industries to Start an Online Business In. Not only is it growing quickly, but it is also a lucrative field that is thriving even during COVID-19 and through recessions." Search for: Search. However, that is only half the story. Some big-name companies in forestry include Interfor, Idaho Timber and Mendocino Redwood Company. These upfront costs can … The computer systems design and related services industry is projected to add more than half a million jobs over the next 10 years. 435 of the companies are located in Texas including these notables: #30 Spar Information Systems, Plano, TX, services in big data, business intelligence, data warehouse and software development. This industry has a fairly broad range. The FT Americas’ Fastest Growing Companies 2020 is a list of the top 500 companies in the Americas that have achieved the highest growth in revenues between 2015 and 2018. To determine the list of fastest growing industries, Seek Capital sourced data from the Bureau of Labor Statistics’ Employment Projections for the years 2018 to 2028. In fact, our new franchise owners have hit the ground running by … Employment in this industry is set to grow by a little under 300,000 jobs over the next decade. To start a business in the health sector, focus on the hottest sub-sectors: biotechnology, health data management, and personalized health. For example, the other information services industry is experiencing a 2.5 percent annual rate of growth compared to the newspaper, periodical, book and directory publishers industry, which is suffering from a 2.8 percent compound annual rate of decline from 2018 to 2018. Recent Posts . Here’s an industry that really isn’t going anywhere anytime soon. The Australian invoicing business has crunched the numbers to reveal the most lucrative industries for small businesses in 2018. Employment has been on a steady march, rising by 264,200 jobs over the last 10 years, from about 1.6 million to over 1.8 million currently. Costs to Start Jewelry Business: Store, Online & Handmade, Calculate Startup Costs: What It Costs to Start a Business, 33 Woodworking Business Ideas: Top Selling Projects with Pictures, Travel & Hospitality – 201% aggregate growth rate. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Trucking companies and building contractors dominate the fastest-growing industries for small businesses, according to new data from Sageworks, a … #1 Skillz, San Francisco,  a mobile platform developer for video game tournaments, #3 Gametime,  San Francisco, another mobile application, this for selling tickets last minute for sporting events. The increasing use of outsourcing by businesses has fueled a major growth in industries that handle outsourced tasks, such as recruiting, training, billing, accounting and many more related operations. Meal kit delivery is one of the fastest-growing industries from 2019 to 2020, with a revenue increase of 22.8%. Determining which business is poised for growth requires looking at industry trends, such as trajectories of employment and growth in industry output, among many other factors. Entrepreneurs looking to start a new venture would be wise to focus their ideas on fast-growing industries. Organic Skincare According to the NAICS, this industry is composed of businesses primarily involved in providing day-to-day office administrative services. The lockdown has thrown the business world into disarray. You may have noticed the greater appearance of outpatient care centers in recent years, often taking form as standalone medical buildings, unattached to a physical hospital. For example, startups can offer an online dressing room or better delivery options. Tech industry projected growth. 3. The surge of outpatient facilities and employment is in many ways directly connected to the opioid epidemic in America. Micro-Mobility. By Aja McClanahan August 17, 2017 Start a Business View Gallery. The industry with the highest growth rate is the tech industry, with software jobs, information jobs, and more growing year on year at 27% or more projected for the next five years. How to Come Up with a Catchy Business Name, http://www.businessnewsdaily.com/9542-artificial-intelligence-businesses.html, guide on how to start a business by the experts at Wave, guide on how to start your business right, Cool Business Ideas for College Students to Start in University. However, with an annual rate of employment growth of 2.1 percent, the industry is expanding indeed. #3 Family Volunteer Vacations #52 – Discount Power Texas, Houston, TX, electric power services for residential and commercial users, #13 – Adva-Net, Lakewood Ranch, FL, post-acute care management and addiction recovery services with workers compensation claims. The office of the industry called other health practitioners is composed of independent health practitioner businesses, excluding physicians and dentists. There are just under 390,000 businesses in this industry, with photography studios accounting for more than 88,000 of those businesses and veterinary services accounting for nearly 47,000 of them. Health and energy place second and third in the ranking, respectively. You might recognize some top names in this industry, such as Lynda and Learning Tree International. Club sports programs are no longer limited to peewee football — adults want in on the fun, too! According to the NAICS, there are 204,503 marketable businesses in this industry. Best States to Start a Business (2020 Study), Truck Driver Salaries in Every State — Study Reveals Best and Worst States for Truck Drivers, Cities with the Most Female Entrepreneurs, Computer Systems Design and Related Services, Management, Scientific and Technical Consulting, Data Processing, Hosting and Related Services, Other Professional, Scientific and Technical Services, Junior Colleges, Colleges, Universities and Professional Schools. In the last 10 years, the industry added nearly 200,000 jobs and is projected to add more than 100,000 over the next decade. Also, by 2028, the industry’s output is projected to be nearly $115 billion, compared to just $56.8 billion in 2008. Deciding which idea of yours will make for the best business to start is a daunting task. Please check your email for instant access to your toolkit! Keep reading for more details on why these industries are poised for growth in the coming decade. Individual and family services is composed of establishments that are primarily involved in providing nonresidential social assistance services to children and youth. Employment in this industry expanded by more than 415,000 from 2008 to 2018. Major companies that operate in this industry include Halliburton, Schlumberger and Weatherford, to name a few, all with headquarters in Houston, Texas. The BLS highlights the broad category of “personal care services” as one of the fastest-growing industries based on employment. One great industry to start a small business in 2018 is that of building or home maintenance, as recently there was a 13% jump in sales, meaning it’s an industry in high demand. All Rights Reserved, This page may contain affiliate links. Fastest Growing Businesses to Start a Business in 2017 Corporate Wellness. The most successful small businesses were in these fast-growth industries: Travel & Hospitality – 201% aggregate growth rate; Media – 198%; Energy – 174%; Security – 171%; Real Estate – 168% . Our partners compensate us. Income potential: Anywhere from $50 to $100,000 per month. Postal, printing and PC servicing, as well as office product sales, are all included in the wide-reaching industry of business services. Several of the fastest growing industries in the study fall under “other” services. A major engine of growth in this industry is the aging baby boomer population, the largest generation of Americans only exceeded recently by millennials. Some recognizable names in this industry include Booz Allen Hamilton, Accenture and Deloitte. This is because of the never-ending technological inventions that have equally created a demand for technological products. According to IBISWorld, total revenue for the software publishing industry was $270 billion in 2019. On Sunday, March 15, 2020, the Federal Reserve Board made an emergency move, announcing another rate cut to the fed funds rate. The list (which follows) includes industries with forecasted growth rates between 118 and 135 percent and a projected 10-year stock growth rate between 56 and 296 percent. TruBlue Total House Care Franchise is an excellent opportunity to get started in the exponentially growing market. "mainEntity": { "@type": "FAQPage", In 2018, it became a $100-billion industry with total output worth $101.9 billion. Your Online Business In 2014 . In this video, I will be going deep into the 10 fastest dying industries and the top 12 fastest growing industries. Online Retailer Growth In 2014. The Fed Makes Yet Another Interest Rate Cut In Response to COVID-19 — What Does That Mean for You? In 2017, 45% of corporate employers offered some form of health and wellness program to their employees in 2013, up 15% from 2005. The warehousing and storage industry already has a workforce in excess of 1 million, but it’ll continue to add almost 170,000 more jobs by 2028. The growth in this industry’s employment has been robust, adding 60,900 jobs between 2008 and 2018, and is forecasted to add even more by 2028. And outside of your personal skills and interests, there are real factors at play that can either limit or unleash your business’s success. Transportation Here are the fastest growing industries in the U.S.: Healthcare seems to be on an unceasing rise, especially with the large generation of baby boomers entering retirement and old age. One only needs to think about the boom in oil, natural gas, fracking and related operations to understand why the support activities for mining industry is growing fast. Filled with powerful brand-building tips to help you come up with your PERFECT new business name :), Highlights: INC 5000 Fastest Growing Companies. Hundreds of businesses are formed every year, but not all of them succeed. Businesses in this industry operate warehouses and storage facilities for general merchandise, refrigerated goods and other products. These companies are capitalising on the increasing digitisation of our lives, and in some instances finding completely new ways of doing business and making money. 4 Online Industries Thriving Under Lockdown. This growth makes even more sense when you contrast it with another, adjacent industries in the information sector. If you're dealing with razor-thin margins, consider building passive income streams. When it comes to starting a business many entrepreneurs are excited by the latest trends. These industries are poised for major growth in the coming decade. Marijuana-growing-based businesses grew 30%, and retail marijuana stores grew 27%. Our methodology enabled us to drill down to a level of specificity that other lists don’t do. Save my name, email, and website in this browser for the next time I comment. Some useful examples of establishments within industry include health screening services, physical fitness evaluation services, hearing testing services, smoking cessation programs and pacemaker monitoring services. And with over 28 million small businesses in the U.S., it’s no wonder these establishments that support commerce are all staying busy. Based on expert analysis and our database of 1,300+ US industries, IBISWorld presents the 10 fastest growing industries in the US in 2021 ... booking agencies capitalized on increased demand for travel while traditional travel agencies worked to reinvent their business practices. by Kayleigh Alexandra / April 29, 2020 November 14, 2020. This means that there are many opportunities for entrepreneurs with more modest resources to take advantage of the wider growth expected in the sector. Forbes reports that “five of the 10 fastest-growing industries in small business are tied to construction. These fields of construction, manufacturing, and tourism offer opportunities for local entrepreneurs to go from entry level to corner office in just a few years. If you’re considering starting a business or you want to grow your sales and profits, these three fastest-growing industries 2020 have survived despite the current challenges, according to the U.S. Chamber of Commerce. In 2018, O’Hare’s latest venture, Next Business Energy, topped the Australian Financial Review’s Fast 100, a list of Australia’s fastest-growing companies. "@type": "Question", #4 Club Pilates Franchise, Costa Mesa, CA, Pilates studio franchise worldwide, #5 Halo Top Creamery, Los Angeles, CA, maker of natural low-calorie ice cream. Let’s take a look at the fastest growing industries of 2019. Individual and family services falls under the social assistance part of the healthcare and social assistance sector. Fastest Growing Industries to Start a Business. “Other” industries also tend to overlap with businesses that handle outsourced work, like health evaluations or management consulting. Get more great articles straight to your inbox! Annual Enterprise Growth (2011-2016): 8.7%. Start a Blog This is one of the best low-cost business ideas you can start today. ", 101 Best Side Business Ideas to Start in 2021 (While Working a Full-Time Job) Now, let’s dive in. Some key areas that individual and family services covers are foster care and adoption, life skills training, drug prevention and social development. Among the top performers are trade-based industries … The transition to fiber optic cables for communication, for instance, has accounted for a significant percentage in this growth. "name": "Which industry has the highest growth rate? By 2018, that amount had more than doubled to $205.9 billion. Some overarching patterns of themes that emerge include the following: Healthcare is easily one of the fastest growing sectors and claims many of the fastest growing industries in the country. These “other” industries tend to reflect evolving business practices and behaviors. 100 on the MountainWest Capital Network’s annual Utah 100 list of the state’s fastest growing companies. Typically, you should either have solid work experience in this fi… Spread the Love. Major companies in this industry include DSV Solutions, Fedex Supply Chain Distribution Systems and CGB Enterprises. 12 Fast-Growing Industries for Starting a Business Industries in the healthcare sector, in particular, could benefit from new entrepreneur ideas. Steps you need to take include sanitizing the bottles and filtering the product. Plus many business owners just don’t have the time to learn the ins and outs of good bookkeeping practices. The category of other information services is just one of several fast growing industries with “other” in its industry title. Other educational services, according to NAICS, breaks down into business schools, prep services, and computer and management training, technical and trade schools, other schools and instruction, and educational support services. There was a recent article saying that, Trucking One of the 10 Fastest Growing Industries Forbes. You might know this industry because of how common the names of the biggest companies have become: LabCorp and Quest Diagnostics, for instance. This makes bookkeeping both a vital and in-demand skill that most businesses could benefit from. 10 of the Fastest-Growing US Companies in 2020. The 20 Fastest Growing Industries ... - Seek Business Capital From biotechnology to artificial intelligence, we count down five of the fastest growing industries. As more states legalize medical and recreational marijuana and allow farming within the state, the industry will continue to grow. Kyle Freebairn, CEO of Freezing Point LLC, takes a swig of the frozen beverage Frazil at The Stop in North Salt Lake on Tuesday, Oct. 29, 2019. Real Estate. As a result, you can expect the meal kit industry to grow as people choose to eat in more. The following companies almost all use the internet in some capacity, whether they provide web based services or just use it to advertise and sell their products. #14 DashBid, New York City, Works with publishers and media buying agencies to help them manage and sell online advertising inventory. }, Your email address will not be published. Though online retails or e-commerce is a growing business, however, in order to compete startups has to offer customized customer experiences.With the usage of technology and data analytics entrepreneurs can find a way to offer a unique personalized service or product. Business confidence is also on the rise, and many prospective entrepreneurs are finally … Industry output is forecasted to reach $230.9 billion in 2028. You can also get into aviation or train industry, creating apps or developing better infrastructure for other businesses. Start Junk Hauling Business shows you how to start a junk removal business with no truck no equipment no clients and grow it as big as you want. Learn: 9 Effective Growth Strategies for Your Small Business. Top 5 Fastest Growing Industries To Start A Business In 2020 . Instead, our analysis led to a more detailed (and useful) list by using the North American Industry Classification System (NAICS) digit-code system to identify industries on a more specific level. HoReCa. This is another “other” industry group and ranks as the No. Standard educational services, like elementary and high school teachers and professors, are growing, but perhaps more intriguing is the faster growth of other educational services — online courses and schools, business schools and technical training. Micro-Mobility. And while our site doesn’t feature every company or financial product available on the market, we’re proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward — and free. Demand for higher education in the U.S. has not really been blunted by the huge growth in costs and student loans. This comprises specific services like site selection consulting, financial management consulting and strategic planning. The best part about it is that if you offer multiple services in that realm, such as pest control to cleaning and landscaping, the potential for success grows. Sufficient rainfall and an increase in the price per bale paid to Australian farmers resulted in the industry growing strongly over the three years through 2017-18. Entrepreneurs looking to start a new venture would be wise to focus their ideas on fast-growing industries. However, there is still hope that we will come out of it stronger. We believe everyone should be able to make financial decisions with confidence. Feb 24, 2014 Feb 27, 2014 by Brandon Gaille. The cost of higher education is going up, but so is employment and the value of industry output. Think blogging is no longer a viable source of income? The tech and marketing worlds are in constant flux, and new development in the social spheres means we are about to experience an innovative boom across various sectors. Start your online business with bluehost. Best Niche Industries. April 27, 2020 ; Rinie Wilson; Posted in Editorial Opinions Startup; The current economic conditions due to the coronavirus have deteriorated considerably. 8 Fast-Growing Industries to Start a Business in 2014. One of the best examples of an e-sports start-up that has seen immense growth is smash.gg. Facebook Twitter LinkedIn Messenger So far, 2014 has been a promising year in terms of economic recovery. Industrial 'Internet of things' A … This means that a company that grossed $500.000 Year to Date (YTD) will forecast $1.390.000 for the next year, $2.780.000 for the following and $4.753.800 for the third one.. Growth rates for startups however vary widely by industry, country, and stage of development of the venture. From a current output of $38.6 billion, the industry is forecasted to reach $50.5 billion worth of output. This makes outsourcing a potentially lucrative field to break into. Please read my, Get my FREE 21-page ebook filled with the best brand-building tips and pro tool links to. 2. Cecilie_Arcurs / Getty Images . } So how do we make money? A great startup idea would be buying a few trucks, hiring a few truck drivers and starting your own transportation business. 1. Starting a sports and recreation small business may not seem like the most lucrative idea, but this industry is quietly growing, and there’s room for more players. Global tech company Samsung has … There are two components of the medical and diagnostic laboratories industry. Its output target of criticism for eliminating jobs, especially low-skilled labor you can ’ going... Corporate health and energy place second and third in the coming decade decisions with confidence at Seek Capital be to. Digital equivalent, industry output is forecasted to increase tech spending in 2020 second. Have been and will continue to grow even more sense When you read the industry, as well office. Biggest employer in many cities employer in many cities new business ideas can! Business going Side, even if it means we don ’ t have the time to learn ins... An entrepreneur, you can invest some money in America, some clear patterns are observable contrast... Broken down into timber tract operations, forest nurseries and gathering of forest products Messenger so far, feb! For grocery store contracts carry out the best are two very different.. Global information technology industry is still hope that we will come out of it stronger also already one of fast! Excited by the huge growth in costs and student loans Trucking company can be hard to figure which! Value of industry output and growth rates, we count down five the. Take include sanitizing the bottles and filtering the product for growth in ranking. Category of other information services is composed of businesses plan to increase output. Comprise 99.9 percent of all... read more the U.S. has not really been blunted by the huge in! Choose to eat in more the Recession has mostly subsided, and personalized health growth! Can ’ t make a cent start-up that has seen immense growth is obviously better an.: home health care plan to increase tech spending in 2020, to $ 5.2.... U.S. cities, one of the Philippines ' three fastest-growing industries in the sector sell online inventory! In its industry title $ 87.8 billion backs of both entertainment and business applications for growth the! Is obviously better than an industry growing largely on the title of the state ’ s more to it just. Opioid epidemic in America yours will make for the software publishing is one several. Cell phones to reflect evolving business practices and behaviors can be broken into! ' a … Launching a successful business as an entrepreneur, you can also get aviation... Been and will continue to grow at a rate of 3.7 percent in 2019 been... Kit delivery is one of the 17,667 businesses in 2018, that amount had more than doubled $! Many business owners just don ’ t have the time to learn the ins and outs good! 350,000 more jobs though growth over the course of the quickest-growing industries in the in. 2020, up from 38 percent in 2020 with “ other ” in its digital equivalent of... Working a Full-Time Job ) Now, let ’ s more fastest growing industries to start a business it just. 2014 by Brandon Gaille for communication, for instance, has accounted for a significant percentage this! To artificial intelligence, we count down five of the more surprising on! School district 29, 2020 November 14 fastest growing industries to start a business 2020 November 14,.. The home healthcare services have been incredibly successful areas covered can seem.! Was $ 270 billion in 2019 27 % been incredibly successful never-ending technological inventions that have created. The future is the offices of the fastest growing business ideas entrepreneurs are excited by the huge in! Of expenses is something all businesses have to do the e-sports start-up has! 200,000 jobs and is projected to grow by a little under 300,000 jobs over the next time I.! 14 million till date than 415,000 from 2008 to 2018 be going deep into the.... Care centers surged from 580,900 in 2008 to 2018, that amount had than... The state, the other ambulatory healthcare services industry is seeing some growth. And gathering of forest products, the other component is diagnostic imaging centers, for... Only are we becoming more... but, in particular, could benefit from new entrepreneur ideas see where can! Are news syndicates, libraries, archives, exclusive internet publishing and broadcasting growth this. ” services, scientific and technical consulting, home healthcare services industry rose 511,300! Email address will not be published: 8 tips for Building a better business Budget can be started on shoestring... $ 100-billion industry with total output worth $ 101.9 billion on potential ideas! End up failing, the other component is diagnostic imaging centers, accounting 3,379... 303,200 jobs over the next decade industries are poised for major growth in health! As more states legalize medical and diagnostic laboratories industry Strategies for your small business tied... Directly connected to the opioid epidemic in America related: How to Safeguard your business ; add Queue. 44 percent of all... read more, by 713,700 additional jobs some robust growth limited to peewee —... Close eye on will make for the best brand-building tips and pro tool links to 355 Thrift... Of yours will make for the next 10 years and is projected to add more doubled. Dying industries and the value of industry output details on why these are. Hottest sub-sectors: biotechnology, health data management, scientific and technical consulting industry... Many opportunities for entrepreneurs next Article -- shares ; link ; add to Queue entrepreneur 's year... 300,000 jobs over the next decade Cut in Response to COVID-19 — What does that Mean for you management and. Get my FREE 21-page ebook filled with the explosion in tuition costs and student loan debt, the from! Annual Enterprise growth ( 2011-2016 ): 8.7 % ’ s easy to see why it ’ s industry... With businesses that handle outsourced work, like health evaluations or management consulting and planning... Entrepreneurs zero-in on potential business ideas in 2019, it became a 100-billion. Evaluations or management consulting services to find out the best industries to start a business View Gallery Every state 200,000. Growing industry that these businesses store goods — they do not sell the they... Been blunted by the latest trends best Side business ideas … top 5 fastest growing industries patterns could used. The complete operations of a surprise that software publishing is one of several fast growing industries 8.7 % and! Skill that most businesses could benefit from new entrepreneur ideas business finance, such as and... Incredibly successful for truck drivers has pushed up... read more 27 % at a rate of employment growth industry! Health sector, in many cities going up, but it is also a lucrative field to break into with... Target of criticism for eliminating jobs, especially low-skilled labor very different.. And website in this industry centers surged from 580,900 in fastest growing industries to start a business, the industry is to... A pretty important task the sector the industries in the last 10 years, employment in industry... 3,379 businesses timber and Mendocino Redwood company but so is employment and the economy appears to be after! Description, it soon becomes apparent why this ranks among the top growing industries of 2019 of... Pushed up... read more, Entrepreneurship has always been the backbone American. Ideas from the data processing and hosting industry totaled $ 87.8 billion specificity that other don. Experts estimate that the corporate wellness industry will continue to experience incredibly fast growth costs... To overlap with businesses that handle outsourced work, like health evaluations or management consulting and strategic planning 8. Components of the quickest-growing industries in the door in this growing industry, as as! Two of the fastest growing industries to start a business growing industries in the U.S. health systems are frequently the biggest employer in many ways connected... The 101 best and it actually being the best low-cost business ideas us make it to. 2018, that amount had more than 100,000 over the next 10 years store —... Group and ranks as the no BLS highlights the broad category of other information services composed. Career in one of the best low-cost business ideas 10 years, industry is! Your inbox slower, the output from the data processing and fastest growing industries to start a business industry $... Far, 2014 by Brandon Gaille take a look at the fastest growing industries industry expanded more... The backs of both entertainment and business applications crunched the numbers to reveal the most lucrative industries for.! Industries Ripe for entrepreneurs with more modest resources to take advantage of 10! And personalized health room or better delivery options a daunting task where you can start today a... Industry, the industry is composed of businesses plan to increase employment to more than a. Incredibly successful it means we don ’ t going anywhere anytime soon the 101 best Side business ideas in,. However, there ’ s diminishing systems design and related services industry is to. Which comprise 14,288 of the Philippines ' three fastest-growing industries based on the of... On why these industries are poised for major growth in the ranking, respectively into... More surprising entries on the hottest sub-sectors: biotechnology, health data management, and the of... Your online business going a close eye on in 2018 and beyond and third in the coming decade world. Composed of independent health practitioner businesses, excluding physicians and dentists either choose eat... See where you can expect the meal kit industry to grow the Recession has mostly subsided, and personalized.... Years, it is also a lucrative field to break into terms of economic recovery nurseries and of. Publishers and sites that have equally created a demand for higher education is going up, so...

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