Top 5 of the Fastest-Growing Industries in the World

Every day, the world changes and demands for new goods and services are increasing. To counter this demand, new sectors are now popping up to take them in. But, which of these new sectors are fast growing worldwide?

Here are the top five fastest growing industries in the world and why they are in high demand:

1. Renewable energy

Renewable energy is seen as a great way to reduce the use of fossil fuels to generate electricity. Solar and wind power are becoming cheaper in recent years as more countries and companies are supporting the industry.

The European Union, in particular, raised its renewable energy use target to 32% by 2030. It is also a self-sustaining industry because its major sources will not run out. Today, the industry is worth $1.35 billion and is expected to grow further in the coming years.

2. Biotechnology

Biotechnology enables the agriculture industry to flourish as it can improve crop yields despite the changing environment. It can also help save lives as gene manipulation can remove troublesome genes that causes disease. It is expected that the industry will be worth $727.1 billion by 2025 due to the high demand for the industry.

3. Artificial intelligence

Many films and novels have stressed that artificial intelligence is upon us. This idea is now a growing industry as China, Hong Kong and Singapore are leading the research for the industry. AI technology is seen as an alternative to assist in medical treatment, productivity and everyday life. Research is even discovering new areas where AI can be used. It is expected that by 2025, the industry will be worth $191 billion.

4. Virtual reality

Aside from artificial intelligence, virtual reality was a novel idea only seen in films and novels. However, when it was introduced in 1990, the industry had seen a remarkable boom.

A majority of today’s virtual reality technology is used for entertainment. But, there are now VR technology used for military, sports, training and mental health use. Patients with traumas, in particular, greatly enjoy VR technology’s effects. The industry’s total worth changes every year as investments double in number.

5. Cybersecurity

With everything now done online, it is important that these transactions are protected from cyber criminals. In the UK, cybercrime cases have jumped to 4.7 million in 2017, making cybersecurity an important industry to develop.

Cybersecurity companies ensure that databases are protected from hackers. They will also create software to ensure that all information is encrypted and secured. It is expected that the industry will be worth $165.2 billion come 2023 because of the demand for it.

In Summary

These industries will definitely change the course of life in years to come. They offer new ways in doing things and improve the way of life of many people in years to come. These industries are unlikely to stop growing soon considering the untapped potential each industry possesses.

If you are planning to look for work, these industries may have openings for you. And once you get a hang of it, you will also reap the benefits it is currently enjoying.

For other interesting articles, check these out:
Connecting the Dots
When you have better ideas
What You don’t know about Office IT Protocols

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22 Comments Add yours

  1. ecohorizons says:

    There could be discoveries of planets in other galaxies that has life on them just like earth . Who knows except God …

    Liked by 3 people

    1. Kally says:

      I look forward one day to read about this breakthrough!

      Liked by 2 people

  2. Fascinating how technolgy is moving forward so fast. The older I get the harder it is to understand…lol

    Liked by 2 people

  3. tom says:

    Predicting the future is virtually impossible. I remember the days when every list had NanoTech. More often we don’t know until we know.

    Liked by 2 people

  4. Prudent and TIMELY!

    Well done Kally,

    God Bless,

    Liked by 1 person

  5. Judy Kim says:

    This is good information to know but I find many of the fields frightening, the biotech’s gene manipulation is especially scary, AI and cyber security=spying on citizens, too 😞

    Liked by 1 person

    1. ecohorizons says:

      Everything has its pros and cons …

      Liked by 2 people

  6. msw blog says:

    I am sure geriatric medicine/healthcare is going to be a growing profession as we all continue to age

    Liked by 2 people

  7. Yes, You’re right even I stand with the 5th One i.e Cyber Security but you forget about the Health Department it’ll also keep growing & demanding.

    Liked by 3 people

    1. Kally says:

      Ah that quite. Thanks for adding in the Medical Field.

      Liked by 2 people

  8. Technology-related industries seem to be out in front. Our world continues to move with unbelievable speed into further advances.

    Liked by 4 people

  9. Great and a very informative post! It is thru technology transfer that the world’s industries will soar high and innovate human being with their respected field of interest.

    Liked by 2 people

    1. Kally says:

      Thank you so much for your input!

      Liked by 2 people

  10. Lander7 says:

    Looks like tech rules the future of industry.

    Liked by 2 people

    1. Kally says:

      Seems like it…

      Liked by 2 people

  11. tom says:

    It is very hard to predict the future. I remember how Nano Tech was going to change the world

    Liked by 1 person

    1. Kally says:

      That’s true. Thanks, Tom for sharing.


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