Industries can change virtually overnight in the modern day and age. News travels incredibly quickly which means that we have fast-moving stock markets, and whole industries that cotton onto trends within hours.
Whether you’re an aspiring entrepreneur or just interested in the trends that the coming years will have in store, it is certainly interesting to predict which industries will continue to thrive. We examine the prospects between now and 2025.
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Online Gambling
Gambling is an industry on the rise. There are many different reasons contributing to this. For one thing, there is a huge amount of choice, with more and more slot games and table games becoming available.
On top of that, there are more markets for people to gamble on sports as well as casino gaming. In-person casinos are popular in many parts of Asia, and in some parts of the US and Europe, but online casinos and gambling companies offer an even higher level of convenience. Online gambling in European countries is popular with many of them offering a regulated gambling market for casinos and sportsbook betting companies. In the US, each state is responsible for its own gambling laws, and over the coming years, there are plans afoot for certain areas to open up a gambling market.
AI
This simply had to be on the list. Some of the titans of industry are involved in the push to make AI a big part of everyday lives, and 2023 saw a turning point when Microsoft launched ChatGPT. Amazon, Microsoft, Google, and more huge companies are all now working on AI technology, and with so many resources being thrown into the industry it is virtually impossible that this will not grow over the coming years.
AI has the potential to become a part of everyday life and with so many technological breakthroughs in recent years, companies are also looking at ways to embrace AI.
Many industry insiders are speculating that we are reaching a tipping point for AI technology. There are very few industries that won’t feel the ripple effects of AI as it makes a big impact on marketing, search, media, and more.
Healthcare
The healthcare industry is another that has the potential to grow in the coming years. In fact, it is almost a necessity that it does.
Once again, technology has an impact on the growth of healthcare since industry leaders can innovate further and create new treatments. We have seen in recent years just how impressive and fast the industry developments can be when it comes to healthcare and healthcare tech.
There will always be a huge industry striving to improve the treatment of unwell people and to prevent and eradicate diseases we are facing. The healthcare market is not going anywhere and it is due to grow at a rapid rate.
Travel and Tourism
On a list of the fastest-growing industries, airport operations, hotels and resorts, tourism, and airlines are all listed. The appetite for travel and tourism continues to grow with people having more ambition to explore other cultures, and it is also becoming more accessible. Airlines and other travel companies are investing in new ways to facilitate travel and tourism.
Globally, the amount of paid time off work is also growing which means that many people have more time to travel. Plus, with remote work and freelancing on the rise, there are also plenty of people who aren’t tied to one location.
The travel and tourism industries are larger in countries where disposable income is higher, naturally, and growing economies are prime candidates for both expansion and new travel startups.
Green Energy
Another industry that seems destined to grow is green energy. Many of the world’s governments have committed to spending huge amounts on green technologies and renewable sources of energy. The global move away from fossil fuels can be seen in the car industry where there are constantly new electric cars being released. International events continue to drive fuel prices up and renewable energy is becoming more critical as a result.
Projections vary, but many studies say that renewables will make up over 1/3rd of all electricity production by the year 2025. Solar and wind production are growing globally and these industries look like they will grow out of necessity.
Conclusion
Nobody can predict exactly what the coming years have in common, but all the evidence points to certain industries continuing to grow, even in the face of global economic challenges.
With such a global focus on AI technology as well as renewable energy and healthcare, businesses in these niches seem set to thrive. On top of this, many different aspects of travel, tourism, and entertainment are currently showing signs that they will grow, with more investment and interest in these industries.
