The fastest growing industries in the world

It’s always important to have an accurate notion of the most profitable industries in the world. For professional reasons, it means being aware of what’s having success and understanding where the consumer trends are going.

The human being is in constant evolution and it could mean knowing where to spot an opportunity for a change of career or even knowing how to advise younger generations. And for investors, it means targeting the most promising businesses of the future.

So, without further ado, let’s look at the fastest-growing industries in the world.

Sustainable energy:

Our focus as a society should be the fight against climate change, and luckily, the consciousness around this topic is seen in the gain of weight of the renewable energy industries.

When we talk about the sustainable and renewable sources of energy, we’re talking about all the efforts that contribute to improving energy efficiency, restricting the emission of greenhouse gases, or minimizing waste and pollution, among many other activities that reduce our carbon footprint in this world.

Among the most known industries, there is solar energy, which involves the installation of solar panels to collect energy from the sun. We can also cite wind energy or geothermal energy. But the spectrum is much broader with activities related to recycling efficiency, sustainable construction, or sustainable forestry.

Technology and informatics:

The digitalization of every aspect of our societies is having a direct effect on the needs of informatics and software programmers to lead the digital revolution happening now.

It’s no surprise that the job profiles most sought after are the likes of data scientists, machine learning professionals, artificial intelligence experts, and so on.

The application of their knowledge is fundamental for every technological topic, from webpage creation to e-commerce platforms, videogames, software development, and anything related to computer science and the internet.

Media production:

According to the Global Entertainment & Media Outlook report of PwC, the entertainment industry is set for annual growth of close to 4.5% in 2023.

The huge rise in popularity of streaming services such as Netflix or Amazon Prime has turned the tables around in the media industry around the world. Consumers are leaving behind TV consumption and replacing their entertainment needs with on-demand streaming services.

Blockbuster series are being released each time more frequently, and viewership records keep breaking with every new release on Netflix, who has experienced great success this year with shows like The Bridgerton or Korean-produced The Squid Game.

This is also promoting less known film industries in the occidental world, such as African series and shows that now have their own category on Netflix, with Nigerian productions leading the line.

It’s expected that this trend will continue to grow with the further development of 5G networks which will allow more people to access streaming services. And with the data collection of the spectator’s tastes, production companies are already using complex algorithm models to produce compelling content and give their clients the shows they are looking for.

Online gaming:

Another branch of the entertainment industry that deserves a special mention. Online gaming has grown to such levels in the past few years to the point of becoming an actual sport, better known as electronic sports or eSports: professional videogame competitions, that we could even see them included in the next Olympic games.

And it’s not only console format videogames that are experiencing a big growth globally. Any kind of online game that can be played on mobile devices is becoming incredibly profitable for game developers. Games like Clash Royal are generating huge profits thanks to in-game content.

The casino industry is also benefitting from the migration to online servers. Platforms are experiencing great success in offering casino games in their online versions and giving their clients regular promotions according to every market’s needs, such as VSO’s best casino bonuses in the UK, which resulted in an improvement of the user’s experience in the world of online casinos. Thanks to this sort of platforms, players can find a large array of casino bonuses and even get to learn about how they work and the different benefits of each promotion. From free spins to enjoy the best online slots, to money offerings to start betting without one’s own money, it’s all about the client’s satisfaction.