While the 2020 pandemic has destabilized many global industries, the future looks bright for those who have survived and adapted. Jobseekers and investors alike can benefit from the success of today’s top-performing companies.
What are the fastest-growing industries in 2022? Today, we’ll cover the top 9.
Information Technology
It’s probably no surprise that the IT industry would be ranked among the fastest-growing industries in the United States. The Bureau of Labor Statistics estimates that IT occupations will grow by 11% over the next decade.
This is especially true because many individuals and companies will replace and update their computer software and equipment throughout the coming years. The increased reliance on automated business processes and artificial intelligence will create increased demand for these technical professionals.
Information Services
While this industry may overlap with the IT sector, its primary focus remains on the processes to supply, store, and retrieve information. This might include companies such as:
- News syndicates
- Broadcasting companies
- Internet publishing organizations
- Web search portals
An era of “fake news” and social media rumors has only increased the demand for trustworthy, reliable news sources.
This industry will likely continue to experience the destabilizing effects of online platforms and 24-hour news cycles, but the demand for accurate reporting will increase and make this sector one of the fastest-growing industries in the U.S. today.
Oil and Gas Extraction
While America continues its efforts to reduce dependency on non-renewable energy sources, the demands for oil and gas have not dissipated in recent years. If anything, oil and gas companies may even benefit from inflation, creating widening profit margins.
Again, a slow shift to renewable energy sources may have long-term consequences for this industry, but in the meantime, these companies can expect to experience increased revenue for the foreseeable future.
Outpatient Care Centers
Advances in medical technology have allowed physicians to perform procedures without requiring patients to be admitted to the hospital. This has given rise to a variety of outpatient care centers, including:
- Outpatient surgical clinics
- Plastic surgery centers
- Dialysis clinics
- Mental health clinics
- Substance abuse centers
- Multidisciplinary clinics
- Family planning centers
As these facilities continue to implement the latest in IT solutions, we will see a rise in efficiency and a steady growth among these medical centers, making them one of the fastest-growing industries in the healthcare sector and beyond.
Construction
The construction industry is expected to grow by 6% by 2030, according to the Bureau of Labor Statistics. This is partly due to a boost from the heavy civil engineering field, which includes tasks such as land drainage, dredging, and space improvement.
Additionally, community improvement projects and continued urban development will create evolving opportunities for construction companies. The increased demand will generate considerable job security for skilled laborers, as well.
Transportation and Logistics
The supply chain problems of 2020 have only illuminated the importance of proper logistics.
This industry handles the shipment of goods by a variety of vehicles, ranging from air transport to the trucks you see on America’s highways.
In an age where business demands on-time delivery and the careful tracking of shipments, the world of logistics will remain one of the fastest-growing industries worldwide.
Real Estate
Real estate has always been ranked among America’s fastest-growing industries, but recent years have seen the demands rise even further.
The growing housing market means that real estate agents can expect their commissions to grow. But as more houses are bought and sold, there will be a rising demand for real estate agents, too, along with related personnel such as title companies and brokers.
Commercial real estate may also see some growth, as current startups move from home-based offices to separate workspaces and production centers.
Direct Retail
The success of Amazon has not only spawned a host of competitors — it’s also changed the way that Americans do shopping.
Today, consumers can get a wide variety of products delivered right to their doorstep, including consumer goods and electronics, medical supplies, eyeglasses, makeup, and even groceries.
Brick-and-mortar stores will survive only by hybridizing their in-person options with services geared toward eCommerce and direct deliveries.
Even grocery chains have adapted to these changing demands by providing online and app-based shopping experiences, often with delivery services to bring products directly to your doorstep.
Personal Services
Retail isn’t the only industry taking on a more personal touch. Today’s fastest-growing industries are those that provide dating, dieting, and workout solutions to time-pressed Americans.
The Bureau of Labor Statistics predicts that this broad industry will experience a whopping 22% increase in employment between 2020 and 2030, and it’s likely that we’ll continue to see adaptation and innovation in this sector.
Partnerships for the Next Decade
Whether you’re looking for your next job or your next investment opportunity, America’s fastest-growing industries have shown resilience and adaptation, forming the businesses that will define our economy for years to come.
Discuss the Fastest Growing Industries in Our Community
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