Technology coming on the top shouldn’t be a surprise. Technology is already at the core of everything crucial today. The most interesting feature of the IT and ITeS environment is how it has rapidly evolved over the years, and how it will be developing in the future decade.
The future of the health industry seems to be one of the largest. Small business owners have a tonne of options in the ever diversifying health sector.
Hospitals and primary care offices—traditional providers of healthcare—are experiencing closures and declining financial viability. Entrepreneurs in training should concentrate on convenient, individualised, and data-driven health.
Oil and gas, mining, fracking, and sustainable energy are the best subsectors.
These are among the top entities for gaining wealth within a decade in the energy space. Demand goes up owing to the increase in population, concerns relating to public policy, and also initiatives for higher efficiency and sustainability.
Some of the best sectors within the vast media space include streaming entertainment, gaming, and more.
Most of us perceive media as what we consume, although it may be enticing for entrepreneurs as a business field. There are many different types of media, from older forms like television to more contemporary ones like virtual reality, streaming media, and also gaming.
- Retail Consumer
Ecommerce, pop-up stores, and personalised retail are the best subsectors. Both online and offline retail come in this category, though definitions may differ.
Residential housing, extensive infrastructure, and construction technology are the best subsectors. This is one of the biggest business sectors all over the world, and it will keep playing a vital role in churning out more entrepreneurs.
Hotels and sustainable food providers are the best subsectors.
The hospitality sector, which encompasses lodging, dining, and leisure, has a wide range of business prospects. The hotel sector has always changed to reflect the shifting demands of customers. In addition, business owners in the hotel sector will once more need to keep up with the pace of globalisation and the growing purchasing power of millennials.
The two best subsectors are fintech and cryptocurrencies.
One of those legacy businesses that frequently falls behind the curve in terms of innovation is finance. Now there are many fintech and other players who are start-ups and are challenging the space with innovative products/services.
- Real Estate
Over the next ten years, the real estate sector will witness high growth. This business includes property developers, agents/sellers/brokers, construction materials, consumer goods, and a lot more.
You can probably find a story about the future of transit on any news website. Transportation is everywhere, whether it’s the most recent Tesla news, debates over high-speed rail policy, or reports of flight delays. People are looking for novel and effective solutions to become more mobile.
These are some of the best businesses that one can consider starting, with an aim towards profitability over the next decade.