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The world is changing rapidly, and with it the industries that drive the global economy. Sectors comparable to artificial intelligence (AI) have seen explosive growth in recent years, and the AI market is expected to achieve $407 billion by 2027. by MarketsandMarkets. But artificial intelligence is not the only area where expansion is going down. Healthcare, travel, online retail and green energy are booming industries that employ people and generate profits around the world.
According to data from the U.S. Bureau of Labor Statistics and others, these sectors will power the economy in 2024 and pave the strategy to a brighter future.
1. Artificial intelligence industry
The way forward for the global economy likely lies in artificial intelligence (AI). According to research from Stanford Universityprivate investment in generative AI projects has increased almost eightfold in recent years – reaching over $25 billion in 2023. Through automation, improved data analytics capabilities, and predictive analytics, AI helps businesses run faster and more efficiently while lowering costs. It has also begun to revolutionize industries comparable to healthcare, finance and transportation.
The variety of jobs related to artificial intelligence is growing. Programmers (especially those that know Python), computer scientists, data analysts, software engineers and project managers are in high demand.
2. Healthcare industry
Health care is a rapidly growing industry in the U.S., and the Bureau of Labor Statistics (BLS) estimates that it would 45% of all work increments in the USA in the decade 2022–2032. People are living longer and the population is growing, which implies greater demand for medical insurance and employment in the health care industry (and especially home care): personal care aides, nurses, health service managers.
To meet these demands, hospitals and health systems might want to hire more doctors and nurses along with support staff. The recent regulations can even result in an increased demand for insurance policies. For example, in recent years, many states have required employers to insure their employees contraception costs through their health plans, which resulted in more young people looking for contraceptive coverage.
3. IT industry and cybersecurity
As firms have moved to more hybrid solutions and work from home, the role of digital security has develop into much more vital. IT specialists and project managers, in addition to cybersecurity analysts, have needed to build and protect increasingly complex systems that are under constant attack.
Data breaches and cyber attacks increased in 2023 as criminals stole greater than 8 trillion dollars. The result is a dynamically developing cybersecurity sector that goals to guard customers from such attacks and integrate security systems across branches. The (*10*)BLS expects jobs in the information security industry – with average annual salaries above $120,000 – will grow by 32% in the coming decade.
4. Green energy industry
From turbines to Teslas, the green energy market continues to experience significant growth around the world. According to International Energy Agencyclean energy accounted for 10% of GDP growth – about $320 billion – globally in 2023. This means there are loads of opportunities to make a profit while helping the planet.
The Inflation Reduction Act earmarked billions of dollars for clean energy projects, which can create more jobs for solar panel installers, technicians, construction staff, engineers and supply chain specialists.
5. Online retail industry
As more consumers use online platforms to buy, businesses are quickly adapting to satisfy this demand. Companies like Amazon, Walmart, and Target are investing heavily in their online operations to higher serve their customers. As more people use the Internet to buy and reap the benefits of discounts, economists expect the online retail sector – dealing with customer support, logistics, supply chain and website development – to proceed to grow. Shipping and delivery, one other rapidly growing sector, are also critical to the online retail economy.
E-commerce sales accounted for greater than 15% of all global retail sales, and the Census Bureau estimated that the industry is value $1.1 trillion at the end of 2023. The most dynamically developing job positions include forwarding and infrastructure support staff, e-commerce specialists and sales directors, in addition to entrepreneurs starting their very own online stores.
6. Tourism and catering industries
With a growing population and interest in traveling after years lost to the pandemic, dream jobs that mix travel with food and culture will proceed to grow. According to WHO data, air travel, demand for hotel rooms and international travel are approaching pre-pandemic levels American Travel Associationand the World Travel and Tourism Council reported growth 27 million jobs in global tourism in 2023
If you enjoy traveling, consider a profession as an agent or guide who helps others plan tours – just make sure you are certified by your local government to develop into a tour guide (normally required for historic sites). If you are not interested in working directly with tourists but still wish to help with travel, develop into an agent for a company specializing in international flights and accommodation.
7. Online gambling services industry
In 2018, the U.S. Supreme Court struck down a federal ban on sports betting, making way for a massive online gambling industry with a presence in 38 states and the District of Columbia. S&P Global found that Americans bet greater than $119 billion on legal sports betting in 2023, which can generate revenues of over $10 billion. The role of the risk manager, software developer, customer support representative, marketer, data analyst and salesperson is growing, as is the demand for digital security.
8. Construction industry
A sector closely linked to other emerging industries comparable to green energy and construction enjoys continued demand he saw growth in every major segment, especially the manufacturing sector, by early 2024. From factories to apartments to roads – all the things is built by the construction industry.
After a significant decline caused by the pandemic, construction jobs are plentiful and growing. Expect positions available comparable to construction project manager, renewable energy construction employee, health and safety manager, construction technologist and sustainability specialist – in addition to all carpenters, locksmiths, painters and other craftsmen on construction sites.
9. Education industry
The United States continues to see economic growth in alternative education since the pandemic kept thousands and thousands of youngsters out of college. The size of the U.S. education market, which incorporates all the things from preschool to community colleges and colleges, is expected to grow $1.5 trillion by 2028– in line with Vantage market research. Vocational schools and distance learning have also benefited from emerging educational technologies.
In addition to teachers and administrators, the industry has seen more job openings for technologists, web developers, counselors, learning management system administrators, and technology integration specialists.
10. Animal care industry
Our furry friends generate big global profits, and the pet care industry is value estimating $303 billion in 2023– says Michigan State University. This is partly because of the pandemic – nearly one in five Americans adopted a pet during that point – and the increase has remained regular since then. As more people return to offices, the demand for dog walkers, nannies, daycares and training has increased.
Roles comparable to veterinarian, caregiver, behaviorist, product designer and developer, dietitian and shelter employee are possible areas of employment growth in this space.