There are many different types of markets and industries that are expected to grow over the next five years.
The global healthcare market is predicted to be worth $8.7 trillion by 2022, and this is primarily because of the aging population and the growing prevalence of chronic diseases such as diabetes and obesity. There has also been a significant rise in demand for medicines that treat these conditions. The coronavirus pandemic also has a direct impact on this.
The global construction industry is expected to grow from $8 trillion in 2017 to $10 trillion by 2022 – this growth will largely be driven by increased urbanization and economic growth in emerging markets.
The healthcare and construction industries are a given, but you may be wondering, what are some others? Here are 5 markets that are sure to continue to grow going into 2022.
Real Estate
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The real estate market has been booming and is expected to continue growing.
The future of the real estate market is looking bright with many factors affecting it positively, such as an increase in population, an increase in the need for residential space, and a decrease in housing affordability.
In addition to these factors, interest rates are predicted to remain low, which would allow people who have not been able to afford a home before to enter the market with lower down payments and maintain a sustainable monthly mortgage payment.
This will lead to a more competitive market for homeownership which will contribute towards higher prices for properties.
The growth in the real estate market will have a direct impact on some other industries as well like the home security systems market and other home necessities.
Education Technology
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It’s no secret that technology is making it easier for students to learn and teachers to teach. But the education technology market has been growing over the last few years because of a number of factors, including student needs and teacher expectations.
It is estimated that the global education technology market will grow from $163 billion in 2017 to over $206 billion by 2022. Key factors driving this growth include:
- The growing demand for personalized learning (such as personalized and adaptive instruction) and online courses;
- Technological innovations such as augmented reality, drones, 3D printing, artificial intelligence, and virtual reality;
- The need for improved quality of teaching and learning outcomes at a time when many countries are implementing reforms such as national exams or curricula.
Website Building Platforms
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Website builders are easy to use, which is the main reason for their popularity. They are very popular among small businesses because they have all the necessary tools for building a website without the need of hiring a web developer.
One of the most important factors that influence people to choose website builders is the ease of use. They are designed for people with no coding knowledge and even if they have, it will take them just a few minutes to build a website.
Website builders come with all necessary tools that allow you to build a full-featured, mobile responsive website quickly and easily while saving money on web development costs.
With more and more small businesses continuing to emerge, platforms like Square, Shopify, and WordPress are sure to keep this market booming.
TV Streaming Platforms
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The TV streaming market is continuing to grow. TV streaming services such as Netflix and Amazon Prime Video are having an impact on the market, but so too are companies like Sony, Dish, and Apple that have all jumped into the fray in recent years.
The debate about whether or not these players can compete with traditional cable providers has been raging for years. With the steady decline in cable subscriptions across America, it seems inevitable that we will see a shift in how we consume television content in the coming years.
Online Meeting Platforms
The online meeting space is continuing to grow and provides more opportunities for people to interact with each other.
People can use these platforms to collaborate and brainstorm, and they can conduct meetings of any size with the click of a few buttons
This is because the need for online meetings is growing as a result of the globalization of companies and a shift in how many people are working remotely today. This has led to a lot more online meetings, which means that there is going to be an increase in demand for platforms that facilitate these types of meetings.
Interesting related article: “What is e-Learning?“