Interested to know which sectors are enjoying growth? With many new businesses emerging every year, and changing global conditions causing constant movement in the markets, it can be a challenge knowing which industry to invest in.
From medicine production to home-working technology, there are a range of sectors currently enjoying success and predicting long-term profitability.
In this handy guide, you’ll find out about 4 sectors that offer relatively safe long-term investment. While no industry’s growth is guaranteed, evidence points to these industries succeeding.
Table of Contents
The Biotechnology Sector
Biotechnology is probably the largest sector in the world you’ve never heard of. It may surprise you to know that its market size is expected to reach a staggering $2.44 trillion by 2028.
The biotech sector is responsible for bringing life-changing and life-saving medical drugs to market. These medicines are helping people to live longer and healthier lives. The biotech industry has enjoyed many successes, including the creation of insulin most famously.
As a result of Covid-19, this sector received immense levels of investment – which has led to growth at a quicker rate than most other industries.
The Vape Sector
The e-cigarette industry has been growing every year since 2014 as people move from traditional cigarettes to vape alternatives. Attracting smokers looking to kick the habit as well as those who have never smoked before, this market continues to dominate the recreational space.
You only need to walk along the high street to notice how many more people are smoking e-cigarettes. There’s also been a huge rise in the number of vape shops in town centers and online, further fuelling the industry.
Predictions point to the vape sector enjoying further growth in the years to come, as companies like Vapeology bring customers into the e-cigarette fold.
The Artificial Intelligence Sector
Once as realistic a possibility as the self-tying shoes depicted in Back To The Future, Artificial Intelligence is here, and it’s here to stay. AI is driving growth across various different sectors – engagement with this technology is boosting company potential and profits.
AI can support companies in generating better marketing strategies, advanced customer service capabilities and more sales. This makes both the AI sector itself, and businesses using AI, worthwhile choices for investment.
The Telecommunications Sector
The Covid-19 pandemic created significant changes to daily life. With millions of people globally now working from home, the telecommunications sector had an opportunity to grow at speed to meet market demand.
The number of companies offering software for conducting work meetings online has increased substantially over a short period of time. Even today, many businesses are still operating a hybrid working environment – which continues to drive investment in technologies that can connect employees in different locations.
The number of freelancers also increased as a result of the pandemic, which means more workers than ever need to connect with others from across the globe. The telecommunications sector is a worthwhile investment in the short term, but will the hybrid working bubble burst?
The Bottom Line
It’s an exciting time to invest in various industries that are enjoying huge growth. Before investing in a company, establish their long-term profitability. The sectors listed here are worth consideration due to their profit figures, expansion initiatives and growth forecasts.
