The global industries is currently undergoing many changes, and so are the industries within it. Not only that, but the events from the past few years have changed the global industries landscapes even more. Suddenly, we’re seeing brands and companies fold after flourishing for so many decades.
Thankfully, not everything is doom and gloom. Global industries are still weathering today’s uncertainties, cementing their place in the market. To truly understand their impact, let’s look at some of the global industries that are thriving in 2023.
1. Information technology and artificial intelligence
The information technology (IT) industry is constantly evolving, and alongside it is artificial intelligence (AI). You can’t talk about any technological advancements in the world of computing without mentioning AI at least once. Even if you think AI is something to be afraid of, you can’t deny how far we’ve progressed with its development.
Nowadays, AI is used in many ways, such as for user activity monitoring to help ensure network infrastructure safety. That’s just one example out of many where AI can help and complement tasks that humans have been doing for decades.
2. Healthcare
The increased prevalence of chronic diseases and virus outbreaks is driving demand for cutting-edge healthcare services and technologies. Suddenly, treatments widely accepted for decades are being questioned and replaced, thanks to advances in technology and medicine. The rise of telehealth services has also brought healthcare providers closer than ever before.
The increased focus on early detection and preventive care also creates new opportunities for the healthcare industry. The combination of technological innovation and healthcare is a hotbed for ambitious entrepreneurs. It won’t be long before preventive healthcare transforms into something we can access right at our fingertips.
3. Agriculture
Farmers are currently facing several challenges, such as climate change, water scarcity and economic uncertainty. Depending on where you live, you may have already seen the unfortunate effects of these problems on farmers and their livelihoods. Crop shortages and increased prices are just the tip of the iceberg.
Thankfully, there are also many opportunities for the agriculture industry, such as developing new agricultural technologies and introducing crops that can better resist the changing weather. Some farmers also succeed in returning to basics, changing their farms into organic.
Whether the produce is for home-cooked meals or quick service restaurants, one thing’s for certain: the agricultural sector will endure.
4. Cleantech
Clean technology, also known as cleantech, is a term that refers to technologies aiming to reduce our reliance on fossil fuels and protect the environment. The cleantech industry is growing rapidly as governments and businesses invest in renewable energy and other sustainable technologies. After all, the mantra is that every little bit helps, and the effort needs to start from the top. From clean biofuels to efficiently designed wind turbines, there’s always something new every day in this field.
5. Education
The COVID-19 pandemic practically fast-tracked the education industry’s evolution. The sudden yet necessary push for online learning is creating new opportunities for educational institutions to offer classes in a different way. As online-delivered classes are quickly becoming the norm instead of the outlier, more and more adults are investing their time and money in pursuing additional learning. As a result, companies are adapting to this change and are implementing technologies that support and promote distance learning.
6. Logistics and transportation
The logistics and transportation industry is irreplaceable to any country’s economy, so it’s not going anywhere anytime soon. As e-commerce grows, the demand for transportation services will increase. Just imagine the number of people shopping on Amazon, eBay and other similar marketplaces to get an idea of how crucial the logistics industry is.
In addition, the need for more sustainable transportation solutions places this industry right at the forefront of innovation. From drone deliveries to self-driving delivery boxes, there’s always an innovation right around the corner aiming to revolutionize how we get our deliveries.
7. Retail
The retail industry is also experiencing massive change, and not just because of the pandemic. The meteoric rise of online shopping forces retailers to adapt and survive as some brands fail to keep up. With the expanding focus on online shopping, user activity monitoring can be incredibly useful in developing insights into how users are interacting with a website and can help to improve the customer experience. In addition, the growing focus on sustainability also creates new opportunities for retailers, increasing their appeal and sales.
One good way to measure the retail industry’s growth is to look at the innovations derived from the logistics sector. As people shift their purchasing habits from physical stores to online, the retail and logistics industries work hand in hand. These two industries are symbiotic as the growth of one benefits the other.
8. Fintech
Financial technology, also known as Fintech, refers to innovations that improve financial services. Instead of sticking with traditional ways of banking that may not always be convenient to the user, fintech companies are developing new ways to bank, make payments, lend money and invest. The basic banking structure is still there, but fintech companies are revolutionizing the experience by injecting technology, convenience and innovation into their services.
9. Entertainment and media
The entertainment and media industry is constantly evolving, and it’s not showing signs of slowing down anytime soon. The rise of streaming services and the continuing popularity of video games are changing how we consume entertainment. Slowly disappearing are the days of physical media; more and more content is now served over the cloud, where it is accessible with just a click.
10. Construction
The construction industry is as essential to the global industries as logistics and transportation and neither industry will be disappearing anytime soon.
As the world population grows, the demand for construction is expected to increase. From housing projects to offices to retail spaces, local governments always look for ways to attract and retain residents within their borders. They can’t achieve their goals without the help of the construction industry.
Final thoughts
The current world events might make things seem uncertain at the moment, but that doesn’t mean the global industries is slowing down. If anything, it continues to change and adapt as the world changes. Thanks to this adaptation, industries thriving today may not be the same as those that will succeed tomorrow.
By directing your attention to one or more of the industries mentioned, you and your career are well-positioned for growth in the future. Keep your attention on these industries as they’ll be the ones changing the world tomorrow.
