Where is Growth in 2015?
Jennifer Nietz - Director of Operations
Are you preparing for a big 2015? What industries should you target and who is going to have a big year? I was recently reading an article online at Zacks.com, which is one of the best sources for stock and industry information and intelligence. The top three industries they are predicting to have the largest growth are Medical Devices, Semiconductor, and Staffing. In this article, I will provide you some key statistics that we are seeing from our top industry sources.
The Medical Device industry includes products like pacemakers, imaging devices, implants and dialysis machines. This industry is anticipating global sales reaching $514 billion by 2020; expansion in emerging markets represents one of the best potential avenues for growth, going into 2015 and beyond. Demographics are currently playing a key role in this expected growth due to an aging population, rising income, increasing health awareness with government focus on healthcare infrastructure, and expansion of the medical insurance coverage.
The below graphic and industry information from IBISWorld does confirm the above information; the Medical Device industry will see some extreme growth, over the next five years.
The second growth industry is the Semiconductor industry, which is likely to play a key role for The Internet of Things (IoT) market connecting uniquely identifiable endpoints or ‘things’ to help them communicate without human interaction, using IP connectivity. The IoT market is expected to be one of the largest growth opportunities for the semiconductor industry, over the next several years. According to data by research agency International Data Corporation, the global IoT market is likely to expand manifold to $7.1 trillion by 2020!
The below graphic from IBISWorld does confirm a significant boost in this industry, over the past five years. While there is still anticipated growth, the below research will show that it will not grow as steeply.
Finally the Staffing Industry is one of the vital constituents of the Business Services sector that reported year-over-year earnings growth of 9.7%, 10.0% and 11.3%, in the first three quarters of 2014. This was much higher than the respective performances of the S&P 500 index at 1.5%, 8.3% and 6.9%.
Robust performance by the Staffing industry contributed significantly to the job growth of the country as the unemployment rate and the numbers of unemployed persons in 2014 were down by 1.2 percentage points and $1.7 million, respectively.
Questions or comments? Please contact Jennifer Nietz at jnietz@teamCOACT.com.