One thing we know for sure is that the world is constantly changing, and with it are the industries that drive the global economy.
More recently, some industries have seen rapid growth, while others have either slowed down or disappeared entirely. On this list, we’re detailing some of the fastest growing industries and looking into what has made them as successful as they are today.
Healthcare
Within the first few months of 2023 alone, the healthcare industry is expected to grow by at least 19%, making it the second fastest growing industry in the world. This explosive growth is directly related to increasing demand for healthcare insurance, and with that, the need for people to fill roles within the industry.
As the global population grows, so do our medical needs, which means that companies are hiring more doctors and nurses to meet growing demand. In addition to this, laws regarding healthcare have also changed, leading the demand for healthcare insurance to increase even more than ever before.
Online Sports Betting
The online sports betting industry is one that has also seen a great deal of growth in recent years. Following the global health crisis, industries that used to draw in-person crowds have proven that they can still offer their services effectively online.
These days, everything from PGA golf bets to bets on races can be placed online, and players don’t have to miss out on any of the fun or excitement. They can livestream matches in real time and conveniently check scores from the comfort of their mobile phones.
Shipping And Delivery
The fastest growing industry in the world is shipping and delivery. With the rising popularity of online purchases, there has been an unprecedented increase in the demand for shippers. It has been reported that as much as 8% of all retail sales are made online, totaling roughly US$394 billion.
Online megamalls like Amazon and eBay are hiring employees in huge numbers, many of whom are actually independent contractors. The flexibility that this provides is attractive to job seekers as it means less commute time and the independence to create your own working hours.
Travel And Hospitality
One of the best things about having access to the internet at our fingertips is the fact that we’ve all become a lot more curious about the places in the world that we’d like to see more of. This has led to an increase in flight and hotel bookings, meaning that the travel and hospitality industries have grown exponentially. Furthermore, it’s now easier than it’s ever been to book travel as there is no longer any need to go through a third party like a travel agent.
Now that the world is opening up more in the wake of the global health crisis, airline tickets, hotel and hostel bookings, property rental bookings and guided tours have been in higher demand than they have ever been, and as a result of this, we have seen the travel and hospitality industries grow significantly.