What are the Fastest Growing Business Sectors in 2022-Know Me

Every country's industries play a critical part in its development. No country will see economic growth in the absence of industries. Every country has a wide range of industrial sectors, including those related to transportation, agriculture, and education, which work together to support the national economy.

Due to corporate ups and downs and changes in consumer demand, certain industries develop while others decline each year. You must be aware of emerging industries at this time. So here is some fastest-growing business sector in the world.

Top 6 Fastest Growing Business Sectors in 2022

• Information Technology (IT) Sector

IT means Information Technology. Today, this sector is dominating all sectors. Not only in finance, has every sector depended on this sector. Because as technology improves, new machines are created, and work gets done quickly. This benefits all those who are dependent on technology.

That’s why, it is a master Industry, which runs other industries and gives them profits. That’s why, according to a report by IDC, the IT sector is going to be valued at $9,325 billion by 2022 end.

In India, it holds 8% of India’s GDP, It’s valued at around 193 Billion dollars. According to a report by McKinsey and Company in the next 5 years, it’s going to be $300-350 Billion.

If we see as Investors, Nifty Index has shown growth of around 132%. In the last 2 years. You must have known about the top players in this sector, like Apple, Google, Microsoft, IBM, etc. All these are big names that are leading in the IT sector.

The Strange thing is that it’s just 30 years old Industry compared to others, but still its domination worldwide.

• Real Estate and Construction

Whenever we think about real estate, investing in a house comes to our mind. But you shouldn’t limit it just by house sector. It is true that if you buy a house. Its rates are increased that gives you profit, it’s a real estate and that’s fine.

But you should think one step ahead, which companies help in doing construction? Which companies manufacture paint and cement? All these come somewhere under Real Estate and construction. Because all these are needed in properties, if rates of properties are increasing then their prices will also increase.

All construction equipment’s like cement, paints, pipes, all these are needed and in future, their need will keep increasing. Today, this sector is valued at around $200 Billion. It’s expected that by the end of 2030, this sector will reach $1 Trillion.

Do you know, that 193 Billionaires are made in this sector? If we see the total Billionaires population, 9% of them are from Real Estate Industry. According to a study by Forbes, 17% of Billionaires are made in Asia in the top 5 Billionaires producing industries.

• Blockchain Industry

Next Industry is quite controversial too. On one hand, there are its supporters and on the other hand, there are not so die-hard fans. One of them is Warren Buffet.

In 2012, video game developer John Ratcliff got a Bitcoin as a gift. At that time, its price was $13. When he noticed that the price of Bitcoin is increasing, he bought 150 more Bitcoins worth $15,000. Because at that time, its price was $100.

Only one year ago, in 2021, when its price was $40,000 Ratcliff sold all his Bitcoins and bought a house worth 1.4 Million dollars. And recently, he bought Tesla Roaster through Bitcoins.

Many People like Radcliff had earned millions of dollars of profits because they invested in blockchain technology at right time. Its market is worth around 6.4 Billion dollars. It’s predicted that in the next 10 years, its market will be worth 165 Billion dollars.

Blockchain can be the next level of IT. When a computer was a new thing, companies like Microsoft, Apple, and IBM were being built. Likewise, when the Internet was new, companies like Google, and Facebook were being built. Which became Trillion dollars companies later.

Similarly, in the technology field, blockchain will create the next giant, and that will be based on blockchain technology. Cryptocurrencies like Bitcoin, and Etherium all these things are based on blockchain. Along with it, NFTS are also being created in this technology.

There are a lot of risks involved which you should consider, but it has more rewards also which is common in investing.

• Gaming Sector

Most People don’t pay attention to this Industry. Most people think just about playing games, but they forget that when many people are playing games the company behind it earns a lot of money. If we are not playing games, that’s fine, but we can avail the benefit of its growth.

You must have been seeing that live Streams are going on, many big creators are making a lot of videos and earning money. It’s because the gaming industry is on a boom. Do you know, that the lifetime earning of PUBG is more than $7 Billion? It earns more than $1.8 Million per day.

This sector is not much popular in India but you will be surprised to know that, In the US, It’s bigger than the combined Hollywood and Sports Industry. It has a market valuation of more than $200 Billion. That means the sports that are played there, and movies that are produced, many movies earn around $1 Billion after release.

But in Gaming Sector, if a good game is launched, it generates revenue for many years. For Example, we must have played the GTA game in childhood, Now GTA 5 which was released in 2013 generated revenue of $1 Billion in 2021. And even today, it’s generated $2.5 Million every day. It’s expected that this industry will cross $500 Billion by 2028.

• Finance Sector

This includes all banks, finance, and all things related to finance. Warren Buffet has the second largest investment in this sector, he has 31% shares in this Industry.

In India, Sum Assured to GDP Ratio means the total money insured compared to GDP which is just 20%. But in developed countries, it’s 102%. That means people have taken insurance more than GDP, which will grow, and it’s about just insurance.

If you search the top 50 companies of India on Google, you will find 7 companies related to finance in that list. This Industry has become so big but it is small in companies in foreign countries People are starting to be aware of investing and in COVID, Indians are started investing most.

When people will learn more, loans will increase, Investment will grow and industry will also grow. Right now this industry is growing at the rate of 10%, which will grow more in the future.

• Consumer Staples (FMCG Sector)

The Industry which comes under consumer staples can never be dead. Like the daily use Products, toothbrush, Maggie, soaps, shampoo, cold drinks, chips, chocolate, etc. all these products lies in this sector. And this Industry is on 3^rd no in Warren Buffet’s holdings. His favorite is Coca-Cola.

Do you know, he drinks one Coke daily? He owns a 10% stake in that company which is valued at $22 Billion. Theirs is a concept named “You can’t kill an Invention,’ which means if a thing is invented in this world, it’s invented. Like, once toothpaste is invented, many coming generations are going to use it. It can’t be dead. Their versions may come with enhancements but they can’t be replaced.

Similarly, it won’t happen that someone stops eating chocolates or no one will buy biscuits. Because in this sector, recurring customers are very high. People keep buying one thing again and again. It’s not like a mobile phone that people don’t change till the next model.

That’s why companies make money from it. So, this sector has potential. For now, its valuation is around 120 Billion Dollars. Here you can’t see that much growth like other sectors, but by the year 2025, this industry will be valued at more than $220 Billion. It is a safe Industry compare to others.