The Top 11 Fastest-Growing Industries
Most businesses and services are still slowly recovering from the trauma of the Great Recession. These 11 categories, however, are already in blue-sky territory.
The term "out of print" is beginning to take on new meaning. Though a bit hyperbolic, it's been said that a couple of generations from now, people won't know what a book is.
The $6.8 billion e-book market certainly seems to speak to a paperless future. Many book publishers are now catering exclusively to the on-the-go reader by producing digital-only versions of some titles. The recent merger of publishing powerhouses Penguin and Random House will likely propel the company to the top of the e-book industry and let it reap a large share of the 88.3% revenue growth, annualized between 2008 and 2018.
Social Network Game Development
The big winner, and by a long shot, among the growth industries of the near-future is the one that has us furiously drawing pictures of guess words and matching colored candies inside four-inch screens. Though this sector had barely emerged from the womb 10 years ago, companies that create casual-social games and apps for mobile devices are expected to make $6 billion in 2013, and are projected to grow by a 134.4% annual margin through the next five years.
When founded in 1982, Electronic Arts (NASDAQ:EA) was at the forefront of home-computer console gaming and has survived by evolving with technological advances. The company has remained relevant with moves like its 2010 acquisition of Angry Birds publisher Chillingo for $20 million in cash and the launch of Hasbro's (NASDAQ:HAS) classic Battleship game as an app.
Zynga (NASDAQ:ZNGA), on the other hand, was born a generation later to a player base of Facebook users and owes the rapid success of Farmville -- which peaked at 82 million players a month -- to its relationship with the social network.Though the stock has been in trouble since its public debut, Zynga still lays claim to some of the most widely played games in the world.
Also see: The Top 10 Most At-Risk Industries
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.
Copyright 2011 Minyanville Media, Inc. All Rights Reserved.