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Industries Poised To Boom

Industries That Will Likely Boom In The Next Decade


My advice to new internet marketers has always been to choose an online niche that’s already generating income rather than trying to tap into a new one. The reason for this is simple: it eliminates the lengthy and often expensive process of testing whether or not money can be made in that niche online. When you enter an established market you already know that money is being made in that space today.

But what if you are a risk-taker or an established and experienced internet marketer looking to get in early on the next big thing? After all, that’s often where the really big bucks are made. If you’re prepared, and can afford to take some risks here is a list of industries to watch that will likely boom in the next decade:

Industries Poised For Massive Growth:

Artificial Intelligence (AI) And Robotics: AI is the development of computer systems able to perform tasks that normally require human intelligence, such as decision-making, visual perception, speech recognition and language translation. Robotics technology is advancing rapidly and is expected to do the majority of manual labor tasks in the near-future that are now done by people. When AI and robotics are integrated, our world will never be the same again. This market is a game-changer!

Internet Of Things (IOT): This one is going to be absolutely huge and the market created may have the biggest impact on the world of digital marketing. Internet of Things is a network of physical objects that are connected to the internet. These objects such as sensors, circuits, smartphones, wearables, and electronics will transmit data via “the internet” to the cloud providing a “smarter” service or experience for the user. As an example, the streetlight in front of your house, when integrated to the IOT, will send a message to your city’s maintenance department alerting it when it’s bulb burns out. This kind of “smart technology” is already being used and will become prevalent in the next decade.

Virtual Reality: More than just for gaming, virtual reality is the computer technology that uses headsets, sometimes in combination with physical spaces or multi-projected environments, to generate realistic images, sounds and other sensations that simulates a user’s physical presence in a virtual or imaginary environment. A person using virtual reality equipment is able to “look around” the artificial world as if he or she was actually there. The future of virtual reality will include not only gaming but filmmaking, exploring, and other entertainment-related content. Facebook’s CEO Mark Zuckerberg believes that Virtual Reality may become our next computing platform. 

Drones: Yes, I know that the drone market is already alive and well online. What I’m referring to specifically here are commercial drone applications, which are yet to take off. (pun intended). Commercial drones will not only be used for product deliveries but for a myriad of other applications including construction, real estate, ranching, etc.

3D Printing: Like the drone market, 3D printing is already rocking it, but has yet to go completely mainstream. When it does, it could provide some amazing opportunities for ecommerce. Definitely one to watch! 

Self-Driving Cars: I predict in the next 10 years many of us will be shuttling around in self-driving cars. Combined with the internet of things, I believe there will be thousands of digital opportunities spawned by this world-changing technology. 

Wearable Tech: Wearable technology is alive and well but like drones and 3D printing, is still in it’s genesis. There will likely be some massive advances in wearable tech that will rock our world.

If you’re interested in these emerging markets, I suggest setting up some Google Alerts using keywords to keep up to date with everything that’s happening. Sometimes, just predicting where these markets are heading, and paying attention to the opportunities created, can make you money. For example, I had a good feeling that the drone market would explode about 5 years ago and bought several good domain names that I believed people would be very interested in having. I flipped those domains for thousands of dollars in profits in a matter of months. It was some of the easiest money I’ve ever made online!

Your thoughts?   

 

Photo Credit: Kitmondo.com Flickr via Compfight cc

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About Carol St. Amand

Carol St. Amand

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