Business Technology

7 Industries That Are Expected to Boom in the Next 10 Years

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Industries expected to grow within the next decade

Due to rapidly changing technology, we are all looking to the future anticipating a long line of innovations. We also know that these technologies will change the way we live, work and play. But what are those industries that will change our lives, empower us and provide us with more opportunities?

Read more below to find out.

Industries more likely to boom within the next decade:

  • The Internet of Things (IoT)

It is not a secret that the Internet of Things has caused a shift in the way manufacturers design and produce hundreds of products. This shift is still on the rise and will eventually expand to children’s toys that are meant to educate and entertain, including tablets. Just compare how sophisticated refrigerators are these days compared to a few years ago.

  • 3D Printing

3D printing is expected to change everything! Think about this: when 3D printing becomes mainstream, you will have the option to select and manufacture almost any item you want. Moroever, when custom design comes into play, you will be able to personalize items such as clothing and jewelry from the comfort of your own home.

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  • The Sharing Economy

Think about Uber and Airbnb and what they have accomplished so far. This sharing economy is growing and expanding and will continue to do so into other markets and industries as well. The more companies are able to regulate these services and build trust for their consumers and contractors, the more there will be opportunities for growth and expansion.

  • Wearables in Healthcare

Technology in healthcare has taken interesting new directions towards change. Just think of health trackers that monitor steps and heart rate. Now think of all the other wearable technologies that can be produced and can change the the way professionals diagnose diseases and track patients’ health.

  • Virtual Reality

Movies and gaming aside, virtual reality has other real world applications that are necessary and much needed. In the medical field, VR is already being used to train medical professionals. But that’s only the tip of the iceberg!

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  • Connected Schooling

The Internet and technology advancements have opened up new educational opportunities worldwide. Sooner than you can imagine, students will be able to use videoconferencing to access hundreds of resources outside the classroom. Moroever, they will be able to have more personalized learning experiences thanks to apps and connected classrooms.

  • Digitized Hospitality

I would like to ask you to take a moment and think about your travel experiences in the past. Now compare them to your present travel experiences. I am sure that you can see how the different apps and technologies are changing the way we see travel and experience it. This will also expand to CRM softwares and the hospitality industry.

What other industries do you think will expand and boom in the coming 10 years? We would love to hear from you in the comment section below. 

About the author

Beirut Abu Hdaib

Can be bit of a monomaniac. My lust for word manipulation is insatiable. An often doleful #writer with a flair for #marketing & #socialmedia :)

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