According to the World Population Review, the U.S. remains the world’s largest economy since 1871, with a $21.44 trillion GDP. Many economic experts attribute this continued growth to the technology, infrastructure, and innovation that drive the country’s productivity. Several industry observers predict a Fourth Industrial Revolution which will transform the world as we know it. Although every industry will benefit from this revolution, experts predict specific sectors at the forefront of this change to make our lives better. Do you want to know about sectors you can invest in to shape the world’s future? Here are four suggestions you should consider.
Technology has profoundly influenced our past, molded our present, and will significantly shape the decades to come. A forecast by Fundera shows that technology output will increase by 135% in 2026, with employment levels rising to 120%. In 2017, Sageworks revealed that IT had become the fastest growing industry in the U.S.; many experts agree that the tech industry is a profitable investment avenue. Consequently, companies and individuals that target technology for investment are sure to reap profitably.
The search for sustainable energy sources as alternatives to our global warming issues is also worth considering for entrepreneurs seeking to profit from future opportunities. According to the International Energy Agency, investment in the U.S. energy sector was valued at $350 billion in 2018, making it the second-largest energy industry globally. Fundera’s analysis puts the growth of revenues in the energy sector at 8.1% over the next five years, making it the highest industry growth rate in their study. You should therefore consider investing in renewable energy companies with the potential to phase out fossil fuels and greenhouse gas emissions, to help shape tomorrow.
According to the U.S Environmental Protection Agency (EPA), transportation was the most significant cause of greenhouse emissions in 2018, accounting for 28.2% of all emissions. The Passenger Transportation industry, among others, needs faster, cheaper, more efficient, and environmentally friendlier modes of transport. This need necessitated the invention of electric cars and more improved and efficient car models. For this same reason, Elon Musk, a reputed engineer and businessman, developed Hyperloop- a proposed system of underground tubes to transport people and freight at supersonic speed.
The PolicyAdvice in 2019 stated that the U.S. has the most massive healthcare spending at $3.65 trillion, accounting for 17.8% of GDP; twice what other countries spend on healthcare, making it an industry worth investing in. Statista data in 2019 predicts that the U.S. healthcare industry’s profits will grow by 5% annually through 2024, with healthcare profits forecasted to reach $28 billion in 2024, from $14 billion in 2019. U.S. healthcare experiences consistent increases in expenditure and medical costs, and as such, many experts expect its continued profitability over a long period. It would be best to consider investing in healthcare to improve the system and make good money.
Are you wondering where to invest your hard-earned money? Hopefully, these suggestions will help make your decision easier and more profitable. For a Remarkable podcast about the future of healthcare and using viruses to cure plagues of our day such as HIV, click here to listen now to Jeff Galvin from American Gene Technologies. Not only exciting information about the future, but potential investment opportunities for you as well!
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