The landscape of business is constantly changing, with some experiencing lucrative quarters and others suffering from circumstances outside of their control that cause them to crash. In today’s world, with so many different industries serving a variety of consumers and audiences, which are the ones on the rise in terms of revenue? As we enter into a new year filled with opportunity, we thought it only fitting to explore those industries that are in a great position going into 2022.
Although there are many more, the ones below are set to change the world even more in the coming years.
Big Data and Analytics
The big data and analytics industry is one of the most important areas in the field of technology today, and is set to be worth $684.12 Billion by 2030. Essentially, big data organizes large data sets into comprehensible pieces that businesses can analyze. Relying on the three V’s of velocity, volume, and variety, big data solutions are beneficial for companies in huge ways, giving them greater knowledge of their market, helping them save time, money, and resources, aiding in the development of new projects, the recruitment of new employees, and overall increasing sales. As organizations around the world seek to understand their customers more and more, big data plays an influential role.
Big data supplies invaluable information to businesses worldwide
iGaming
The iGaming industry is a sector apart from standard gaming operations that focuses on sports betting and online casinos, encompassing all the operators and providers under these services. Thanks to major technological advances, these timeless activities now have a new space to reside in the virtual environment, giving people the ability to engage from the comfort of their own home, anytime they please. For example, users have access to all the classic table games they would expect to see in a brick-and-mortar casino, such as Blackjack in its standard version as well as others that are similar in gameplay but vary slightly. In the same way, fans can interact with their favorite players and teams through online betting with platforms that feature a variety of sports including baseball, football, and basketball, as well as less followed ones like fencing, motocross and darts.
For all these reasons and more, the iGaming industry is a money-making machine that possesses a CAGR (Compound Annual Growth Rate) of 12.3%.
Telehealth
There’s no doubt that the healthcare industry is one of the most important sectors in our world. Innovations in technology are redefining what it means to work and be served in the field of health, and telehealth is a perfect example of that. Nowadays, medical practitioners and patients are experiencing the benefits of online services, as the use of digital tools has transformed business proceedings for the better. With telehealth solutions, patients are able to receive timely and quality care at the click of a button, with their doctor or clinic sending virtual reminders and setting up future appointments digitally.
As the remote workplace trend rages on, telehealth is expected to become widely permanent in various locations. This means that both hospitals and smaller health centers will need to accommodate their services to enable care and administrative tasks to be done entirely online, looking to the companies that are doing it well for inspiration.
While Bitcoin was the world’s first cryptocurrency, today there are actually thousands in circulation
Cryptocurrency
Cryptocurrency is currently a billion-dollar industry that shows no signs of slowing down anytime soon. 2022 is expected to see higher adoption rates of crypto in various markets, as regulation is on the rise in places like the United States, for example. There are many benefits of crypto increasing its relevance in the mainstream, with increased financial autonomy and improved privacy in transactions being just a few of these. These decentralized digital currencies have been around since the creation of the Bitcoin back in 2009, but today their value has shot up massively, signaling to people what could come in the future.
Regardless of whether you are an investor already or are more skeptical of crypto’s success, this is an industry worth keeping an eye on.
