Top 5 Rapidly Growing Industries Worldwide in 2017

In the world economy 2017, the forces of growth and prosperity are complex and ever-changing. The catalysts of change can be fundamental factors such an emerging technology, the needs of the global population, a change in regulation or a new method of monetization.

We are now going to disclose top 5 (five) fastest growing industries worldwide, also to look and examine the fact behind its hasty growth and what issues are emerging that might affect their long-term prospects:

1. The construction industry:
The construction industry is thundering like a storm and authorities assume growth to proceed. The Bureau of Labor Statistics projects the construction and development industry to be one of the fastest growing industries of 2017 and with risen work, the industry will have a leading employment rate across the overall economy.

Source: https://giphy.com/gifs/happens-1UPrrRNWqk3XG

In the United States, the construction industry is estimated to reach almost $1.2 trillion over next five years (until 2020)

2. Cloud Computing Industry:
Cloud computing technology is comparatively new in the market but there are various organizations both government and private that are inception to adopt the use of this technology. Cloud computing is basically the commitment of computing services including software, networking, servers, storage, databases, analytics over the cloud with the help of internet.

The investment of $46.8 billion was spent on Cloud Services previous year and expected to double in next few years. The Industry growth will rise at a compound annual growth rate (CAGR) of 18% in coming forecast until 2020 with the current price of $263 billion. Over 80% CFO's officers say cloud computing will have the most measurable impact on their business in 2017.

3. Online retail Industry:
Online Retail is one of the fastest growing industry in this phrase of gigantic technology and also projected to show an enormous growth in upcoming years also. China embraces the largest market for e-commerce followed by the United States, though India hold the top place under rapidly growing e-commerce industry in the whole world.

In Asia-Pacific, Nearly a 5th of total retail sales will take place online by 2021, with 80% of business coming from the smartphones, improved from 64.5% in 2016. It is also estimated that the online mobile retailing sector is near to grow at a CAGR of 16% (approx.), to strike $1 trillion until 2020, increased from $545 billion in 2016.

The other two trending industries of this year.........................

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