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High-Growth Industries Set For Phenomenal Growth in 2022

2020 was a rollercoaster for nearly every industry. But 2022 is gearing up to be a phenomenal year for many. Some industries are thriving thanks to a host of socio-economic factors that have accentuated the onset of the pandemic, including the demand for better healthcare, cloud technology, and greener solutions.

These industries are currently hotbeds for the unemployed seeking opportunities to get back to work as well as entrepreneurs looking to launch businesses. The following high-growth industries are leading the pack:

Technology

While the technology industry has been on a constant rise for decades now, it’s experienced unprecedented growth during this pandemic. The phenomenal growth owes more to incredible advances in a handful of sub-industries such as cloud technology, mobile technology, blockchain, etc.

These sub-industries experienced accelerated rates of adoption since the onset of the pandemic. Technology behemoths like Apple, Samsung, Amazon, and Google saw their market value abound well beyond those of traditional industry titans like Exxon Mobil, and Wal-Mart, and General Motors.

Healthcare

The onset of the pandemic has amplified health consciousness across societies, creating an unprecedented demand for healthcare and fitness solutions. People are also feeling more confident about healthcare due to the increasing availability of “convenient, personalized, and data-driven health.” Also, with the number of aging boomers expected to double by 2030, the industry is gearing up for an unprecedented demand for elderly care.

Green Commerce

Another key industry drawing in unprecedented investments is the green industry, thanks to sharp increases in environmental consciousness and concerns about climate change among the general public.

The demand for products with relatively lower environmental impact has been in ascendance for nearly a decade, with sustainable products accounting for over 50% of growth in consumer packaged goods between 2013 and 2018. The growth in the sustainability industry has been accelerated by the pandemic, with the industry expected to rake in an estimated $150 billion by 2022.

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