Industry research firm IBISWorld has identified the top 10 fastest growing industries from 2000 to 2016.
| | Industry Revenue 2010(millions) | Revenue Growth 2000-2011 % | Forecast Revenue Growth 2011-2016 % |
| Voice Over Internet Protocol Providers (VoIP) | $ 12,498 | 193.9 % | 17.4 % |
| Wind Power | $ 3,388 | 16.9 % | 11.2 % |
| E-Commerce & Online Auctions | $ 95,005 | 12.2 % | 9.4 % |
| Environmental Consulting | $ 18,153 | 7.7 % | 9.4% |
| Biotechnology | $ 86,971 | 11.0% | 9.6% |
| Video Games | $ 38,622 | 6.2% | 8.3% |
| Solar Power | $ 69 | 2.7% | 7.9% |
| Third-Party Administrators & Insurance Claims Adjusters | $ 57,530 | 6.9% | 7.7% |
| Correctional Facilities | $ 34,373 | 9.1% | 7.5% |
| Internet Publishing & Broadcasting | $ 32,573 | 25.2% | 6.8% |
"After compiling the list of fastest growing industries, there were some apparent trends," explained IBISWorld Senior Analyst Casey Thormahlen. "Each industry on the list experienced growth as a result of one or more of four drivers: Internet growth, environmental issues, cost cutting and evolving technology." Internet Growth It is no surprise that voice over internet protocol (VoIP), e-commerce and online auctions, and Internet publishing and broadcasting top the list. Each is being supported by the increasing popularity of the Internet for communication and business transactions. The growth of these industries will benefit major players like Comcast (CMCSA), Time Warner Cable (TWC), Cox Enterprises, Vonage (VG), Amazon (AMZN), eBay (EBAY), Google (GOOG) and Facebook.
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1 comment:
That is a great research work done. See more on market research reports on the website of The Business Research Company.
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