Ten Growing Markets for 2023

MarketResearch.com thinks the ten industries below will grow exponentially in the next five years.

1. 5G Security - gives better network capacity plus more security and privacy.

2. Virtual Reality Gaming - players with rising disposable incomes in countries like Brazil, India, and Mexico will drive future growth.

3. Virtualisation Software - Amazon, Google, Microsoft, Oracle, and Huawei Technologies are all fighting for market share, driven by users from the United States, China, Japan, Canada, Germany, Australia, India, and South Korea.

4. Digital Education - After Covid drove the change in how we learn, the digital education market has grown massively. It is expected to be worth $136 billion by 2030 at a CAGR of 25.1%.

5. Healthcare Predictive Analytics - Predictive analytics help centre care and well-being to an individual's needs. It can identify early indicators of patient deterioration, design personalised medicines, and improve clinical trial outcomes.

6. Cannabis Edibles - Edibles appeal to new consumers who don't want to inhale smoke or feel uncomfortable consuming cannabis in specific environments. The baked goods and confectionery are discreet and convenient for customers to explore this market.

7. E-commerce Logistics - Artificial intelligence and big data are transforming this industry, making it safer and faster.

8. Solar Energy Solutions - Key drivers of the use of solar are the interest to adopt green energy, smart cities, increasing tariffs, and regulatory compliance.

9. Vaccines - Covid has increased interest and funding in vaccine technology for other diseases.

10. Fintech-as-a-Service - Fintech-as-a-service employs API, artificial intelligence, robotic process automation (RPA), and blockchain technologies, all changing the global financial environment.