Below are the five industry sectors I believe will experience the most growth in the near, immediate and long term future. If you have new and creative ideas, apply them in these industries.
Biotechnology: Moore’s Law also applies to the biotechnology industry. There is opportunity for new biotechnologies and biopharmaceuticals to help us lead longer, happier, healthier lives. A recent Ernst & Young report states that biotechnology is assisted by President Obama's announcement that the US government should spend more than 3% of the GDP on scientific research and development. The report also stated that industry deal-making is very active: with merger & acquisitions worth $28.5 billion in the US. Furthermore these large biotech mergers signal an improvement in credit markets as bankers are backing the massive mergers and acquisitions.
Green technology: Venture capitalists expect investments in green technology to have the fastest growth in the coming years, according to the annual Global Trends survey by Deloitte Research and the National Venture Capital Association (NVCA). The report also found that investors expect larger contributions to environmentally friendly companies in the second half of this year.
Cyber security: President Obama said in his May Cyber security speech “we will continue to invest in the cutting-edge research and development necessary for the innovation and discovery we need to meet the digital challenges of our time. And that's why my administration is making major investments in our information infrastructure.”
Cyber security is already a top concern for the private and public sector and we will only see higher demand for companies with expertise in this field.
Financial Services/Asset Management: In this changing world more people will need the services of true financial experts, not stock market salespeople. The number of jobs within management, business and financial occupations is projected to grow by 2.2 million from 2004 to 2014. These numbers present a demand for true financial services companies to increase market share and profit from a new generation of customers.
Computer Systems Design: The computer systems design industry is expected to experience fast growth, adding 489,000 jobs between 2006 and 2016. Many of these small companies are startup firms that hope to capitalize on a market niche.
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