It is difficult to predict the future, especially when we spend our days trying to understand what is happening in the economy today. It’s almost magic… For example, who was the visionary who could predict that online CRM software would become a boom of the present?
Either way, predicting the future is what we entrepreneurs need if we are to succeed or if we are thinking about investing in new knowledge and skills. So let’s jump into the pool with 10 businesses that will take off in 2020.
Today, changes in business are much faster than ever before, due to globalization and digital technology. One of the best ways to ensure that a business will be successful in the future is to run away from those that are in decline. For example, industries whose labor is cheaper in other countries such as assembly lines. And betting on technologies that are replacing manual labor.
In fact, we’re already seeing trends. Numerous studies talk about the most demanded jobs and the difficulties that companies have in hiring profiles specialized in engineering, computer science or biotechnology.
Business with a future
The era of data analysis has only just begun. There are a huge number of companies that are eager to take advantage of new databases to get more information about their customers, their competitors and even themselves.
The challenge is not just to store the numbers: the difficulty is to make sense of them and get useful ideas that can be monetized. Marketing and market research are two growing fields in data analysis.
Counseling and therapy
There is now widespread recognition that mental health is as important as physical health, something that will rapidly increase demand in this sector and put it at the forefront of booming business.
3D Print Shop
The idea of this type of business will be to manufacture items with low-cost 3D printers. Today they are already sweeping, but their cost is not within everyone’s reach.
Opening stores where anyone can order an item made with a 3D printer will be a guaranteed success. This is the future. Instead of a long manufacturing process, more logistics and transport, 3D printers are expected to produce everything.
The demand for software and computer applications is growing every day. In the field of finance and investment, for example, the demand for faster infrastructure is already beginning to grow.
And most large companies will need networks that are faster, more transparent and more secure. There’s another business with a future.
Although it may seem like science fiction, the underlying idea in this business is to explore and exploit space. Since Earth’s resources are being depleted, it will be necessary to exploit the raw materials from asteroids and other minor planets.
Because almost all the resources we have on our planet can be found in infinite quantities in space. The initial investment to enter this market will be high, but it will undoubtedly also be an extremely lucrative business.
Technology will continue to generate advances in medicine, manufacturing, transportation and many other fields. This means that there will be a strong demand for companies specializing in biology, chemistry, mathematics and engineering.
Some areas have already become booming businesses: biotechnology, biomedicine, nanotechnology, robotics and 3D printing.
Veterinary and Pet Care
The love of animals is spreading rapidly among the majority of the population. So much so, that some do not hesitate to obtain medical care for their pets that is practically the same as if they were a person.
Many households have a pet, but most do not have much time to care for them. This makes caring for pets a potentially very profitable business in the near future.
Bottled air production
There’s been a lot of talk about air pollution lately. Many cities are seeing their pollution levels rise dramatically. This leads us to believe that the business of bottled air can be as devastating as the bottled water industry once was.
Vehicle loading stations
Electric cars have arrived in force and although they are still very expensive for the general population, their costs are expected to fall as production costs decrease.
These cars will need charging stations, and although they are starting to be built, the truth is that they are very insufficient. Is it not normal then to think that this is a business with a future?
Mechanical workshops for robots
Right now, robots are already part of our lives. We have vacuuming robots, robots that go to war and logically break down. In fact, robot mechanics is nothing new.
But we’re talking about something as close as a computer repair shop The world’s population of robots is growing rapidly. Many are industrial robots, but home automation is also booming as a business.