In this article, we will talk about the 5 fastest growing sectors and investment opportunities in the US. You can read our detailed analysis and head straight to the 12 Fastest Growing Sectors and Investment Opportunities in the US.
5. Home Health Care Services
Compound Annual Growth Rate in Industry Output (2022-2032): 3.6%
The home health care services sector consists of the provision of nursing and medical services at home. Prominent domains in this sector include physical therapy, medical social services, medications, and counseling. The home health care services sector is among the fastest growing sectors and will continue to experience high growth in output for the forecast year 2032. The sector recorded an output of almost $93 billion in 2022 followed by a forecast of almost $132 billion in 2032.
4. Wireless Telecommunications Carriers
Compound Annual Growth Rate in Industry Output (2022-2032): 3.6%
The wireless telecommunications carriers sector ranks fourth among the fastest growing sectors in the United States. Primary industries within this sector include the cellular mobile phone industry, the paging industry, the wireless internet industry, and the wireless video services industry.
In 2022, the sector reported an output of almost $441 billion and is expected to report an output of almost $630 billion in 2032. Prominent companies in this domain include Verizon Communications Inc. (NYSE:VZ) and AT&T Inc. (NYSE:T).
3. Computing Infrastructure Providers
Compound Annual Growth Rate in Industry Output (2022-2032): 3.9%
The computing infrastructure providers sector consists of the data processing industry, the web hosting industry, the cloud platform providers industry, and the cloud infrastructure providers industry. Some prominent names in this domain include Amazon.com, Inc’s (NASDAQ:AMZN) AWS, Microsoft Corporation’s (NASDAQ:MSFT) Azure, and Alphabet Inc’s (NASDAQ:GOOG) Google Cloud platform.
According to our methodology, the computing infrastructure providers sector is among the fastest-growing sectors and will continue to experience high growth in output for the forecast year 2032. The sector recorded an output of almost $290 billion in 2022 followed by a forecast of $423 billion in 2032. The industry is also expected to experience a 1.3% increase in employment in the forecast years of 2022-2032.
2. Publishing Industries
Compound Annual Growth Rate in Industry Output (2022-2032): 4.7%
The publishing industries sector engages and specializes in the publishing of newspapers, magazines, books, and mailing lists. Primary industries within this sector include the book publishing industry, the newspaper publishing industry, the periodical publishing industry, and the commercial printing industry.
According to our methodology, the Publishing Industries sector is expected to experience a high growth in output for the forecast year 2032. The sector recorded an output of almost $566 billion in 2022 followed by a forecast of $894 billion in 2032. The sector is also expected to experience a 0.9% increase in employment in the forecast years of 2022-2032.
1. Software Publishers
Compound Annual Growth Rate in Industry Output (2022-2032): 5.2%
The software publishing sector consists of companies developing and establishing computer software systems. Major industries lying within this subsector include software companies, enterprise software industries, artificial intelligence software providers, and cloud software providers. According to our methodology, the software publishing sector has reported the fastest growth and will continue to experience a high growth in output for the forecast year 2032. The sector recorded an output of almost $479 billion in 2022 followed by a forecast of $797 billion in 2032. The sector is also expected to experience a 1.6% increase in employment in the forecast years of 2022-2032.
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