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5 Fastest Growing Industries to Invest In This Year

January 11, 2019 By admin

Are you an investor who wants to venture beyond index funds to pick individual stocks?

Choosing the company to invest in is usually the most challenging task for any beginner in the stock exchange market. While some fundamental filters are applied to any search for individual stocks such as narrowing your search to leaders in the respective industries as well as sectors with viable competitive advantages, there is another filter that can help you refine your search even more: considering the fastest growing industries.

Here are some of the fastest growing industries that you can invest in this year.

 

Table of Contents

  • 1. Software-as-a-Service
  • 2. Fintech
  • 3. Artificial Intelligence
  • 4. Cloud computing
  • 5. Fashion Industry
    •  Wrap up
    • Wait! Before You Go, Read:

1. Software-as-a-Service

Software-as-a-Service is an industry that has seen rapid growth in recent years. It is also known as SaaS. This sexy name broadly defines companies who are profiting from selling cloud-based services.

Some of the market leading SaaS companies are customer relationship platform company Salesforce, and a customer support platform is known as Zendesk. Both companies trade access to their platforms by charging recurring fees and both companies have seen extraordinary revenue growth. Their revenues have improved by over 20% year after year.

 

2. Fintech

Often associated with SaaS companies because of their highly scalable business models and their cloud-based services and products, financial technology companies rely heavily on to meet the financial needs of businesses and customers.

Services offered by Fintech companies include providing e-commerce platforms, payment solutions, peer to peer payments as well as rapid financial solutions.Companies in this industry are experiencing explosive growth. E-commerce platform such as Shopify saw their revenue rise by 62% in the second quarter of 2018.

 

3. Artificial Intelligence

Artificial Intelligence is one the trending topics, and there is a good reason for this. AI applications are found throughout many technologies.

The Alphabet Company is relying on AI across every area of its business. AI shows up in Alphabet’s apps such as Google assistant and in other ways such as auto-generating data to help users compose emails faster.

Alphabet company stated that AI has helped to drive rapid growth as they expect over 26% growth in business. NVDIA’s revenue soared over 60% a year because of inculcating artificial intelligence into their company.

 

4. Cloud computing

Cloud computing is the use of off-site servers to store, manage and process data.

Fortunately for investors, the two leaders in this industry are Amazon and Microsoft which are still seeing surging growth in their cloud business.

Amazon web services revenue soared over 49% annually indicating accelerated growth.  Microsoft also reported a faster growth rate in its cloud business.

 

5. Fashion Industry

The fashion industry is also one of the growing sectors. It involves what you use every day.

Clothing can never lose the market. It is just the season you are in that determines the type of cloth you wear. If you are looking to invest in the fashion industry, then better spend your money on stocks as compared to wearables.

Kate spade sales are currently high with its share price index steadily increasing in value. It is one of the most promising companies in the fashion industry. Kate spade stock forecast is favorable; you better take this opportunity.

 

 Wrap up

Many other industries are experiencing supernormal growth such as electric cars, e-commerce and streaming music.  You have a wide variety of vibrant sectors to choose from.

Wait! Before You Go, Read:

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Filed Under: Personal Finance Tagged With: investing, make money

Comments

  1. Loretta says

    January 11, 2019 at 12:51 pm

    I think I would skip the fashion industry and bump up medical cannabis, lots of growth going on in that industry and related industries right now. While cannabis and CBD are not niches that I want to build a website around (too much hassle with payment processors and such at the moment) it’s definitely an interesting market with lots of growth and income potential 🙂

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