This decade's biggest business will take place in weird fields you least thought of according to IBISWorld, the market research firm. IBISWorld recent release of an annual report of the fastest-growing industries based on
absolute revenue growth has established growth for the last 10 years, and
expected performance for the next five years. The list of 10 industries
serves as a good measure of our fiscal and social priorities.
Here is a breakdown of the hottest industries to watch.
1. Generic Pharmaceutical Manufacturing
Generic pharmaceutical manufacturing has sustained growth since 2002
because it reduces the out-of-pocket healthcare costs for the consumer.
On average, this industry experienced annual revenue growth of 9.6
percent, and it's expected to see an average of 6.3 percent growth from
now to 2017.
2. Solar Panel Manufacturing
Revenue for solar panel manufacturing has grown at an annual rate of
32.3 percent for the last 10 years, and it's expected to continue
growing by about 8.2 percent each year until 2017. Jobs are expected to grow in all the major sectors of the solar power
industry: manufacturing, project development, construction, operation
and maintenance, and installation. And this profession is expected to grow by an impressive 42 percent from 2010 to 2020.
3. For-Profit Universities
For-profit universities have experienced average revenue growth of 13.6
percent from 2002 to 2012, and they should see 5 percent revenue growth
annually in the coming years. Counselors are needed at all types of schools as employment growth in this position is expected to jump 19 percent by 2020.
4. Pilates & Yoga Studios
Health clubs and classes have blossomed among employees and baby boomers seeking a low-impact exercise regimen. Revenue in this
industry grew at an average rate of 12.1 percent over the last 10 years.
Up to 2017, industry revenue is poised to grow at an average annual
rate of 4.8 percent. A Pilates or yoga instructor types of professions receive some of the highest marks for job satisfaction and the BLS forecasts 60,400 new openings for instructors up to the year 2020.
5. Self-Tanning Product Manufacturing
Self-tanning lotions and gels have had a good 10 years, with annual
revenue growth for the manufacturing of these products reported at 22.7
percent. For the next five years, revenue growth for manufacturing
self-tanning products should be 10.7 percent, on average. According to the BLS, there should be 223,400 new sales rep jobs this decade.
6. 3D Printer Manufacturing
3D printing is the vanguard process of converting a digital file into a
three-dimensional object, and it introduces the possibility for
streamlining the manufacturing for many products across industries. Its average annual revenue is expected to grow by 14 percent for the next five years. Keep in mind this is a profession that should grow 33.5 percent this decade.
7. Social Network Game Development
Social networking games are genius as the designers give the gaming industry a stake in the hysteria over websites thereby offering members free-to-play online games. These social network games then profit with onscreen advertising and by
selling virtual goods that could be used during the course of play.
IBISWorld found that this industry's revenue increased an average annual
128 percent from 2002 to 2012, and expects it to grow at an annual rate
of 22 percent for the next five years.
8. Hot Sauce Production
We've changed our ordering habits, broadened our cooking repertoire, and
created a demand for the ingredients most needed to create these
dishes. Production for one such ingredient--hot sauce--has seen average
revenue growth of 9.3 percent per year from 2002 to present, and
production is projected to continue swelling at an annual rate of 4.1
percent for the next five years. The BLS reports the potential for more than 117,000 jobs for restaurant
cooks from now to 2020. Hiring prospects are best for cooks with formal
and specialized training.
9. Green & Sustainable Building Construction
According to IBISWorld, the demand for energy-efficient buildings has
skyrocketed, and government programmes provide further
incentive for corporations to design, build, and operate their buildings
in a more responsible manner. Green and sustainable building
construction grew 28.9 percent annually from 2002 to present. From 2012
to 2017, this industry should grow at an average annual rate of 22.8
percent.
10. Online Eyeglasses & Contact Lens Sales
IBISWorld predicts online sales for eyewear and contact lenses will
flourish, especially with new technologies that allow customers to
upload their image and virtually test how they'll look in the eyewear
they're browsing. Revenue for the online eyewear and contact lens sales
industry has grown by 28.2 percent, on average, annually for the last 10
years. Up to 2017, revenue is expected to grow 8.8 percent annually. 
