Most business journalists are concerned about the impact of inflation, geopolitical conflicts, and recession. In fact, daily news headlines frequently tell a negative story while ignoring pockets of significant growth in the global economy. Today, we will highlight future growing industries by drawing on the most recent data from various market research firms. Most of these markets are propelled by novel technological developments and scientific breakthroughs. So, although you may only hear a little about them on a regular basis, keep scrolling to see the rapidly expanding industries that are expected to boom in the coming years.
5G security
Did you know that fifth-generation (5G) cellular technology improves network capacity while posing new challenges for governments, businesses, and industrial customers? To address security concerns, leading carriers will make 5G security a major market differentiator rather than a cost of doing business.
According to the Mind Commerce report 5G Security Market Outlook and Forecasts 2022-2030, increased demand in the 5G security market will be driven by a growing need for robust security and privacy features, which is expected to grow at a compound annual growth rate (CAGR) of 36.8% to reach $25.9 billion in 2030.
