From students to entrepreneurs, everyone wishes they could look into a crystal ball to see what career paths and industries will thrive in the future. Marketing research firm IbisWorld released the results of an April 2012 survey that sheds some light on the top 10 fastest-growing industries.
IbisWorld identified the list of promising industries based on their contributions to the economy, absolute revenue growth and establishment growth over the past 10 years, as well as forecast revenue through 2017. The list features some intuitive picks such as generic pharmaceutical manufacturing and sustainable building construction, as well as some oddball head-scratchers like hot sauce manufacturing and online contact and eyeglasses sales.
The top 10 fastest-growing industries include:
- Generic pharmaceutical manufacturing
- Solar panel manufacturing
- For-profit universities
- Pilates and yoga studios
- Self-tanning product manufacturing
- 3D printer manufacturing
- Social network game development
- Hot sauce production
- Green and sustainable building construction
- Online eyeglasses and contact lens sales
IbisWorld also recently released its study of industries projected to fail.
Follow Elise Rambaud Marrion, @emarrion_cmn