For countless reasons of all kinds, industries around the world have had a turbulent time recently. Companies going strong a few years ago have been suddenly dropping off, while other companies have risen like rockets. It is in these times that business leaders and investors look toward stability, and for this article, we are looking at those industries that have managed to maintain growth despite everything going on.
Online Casino
One of the biggest breakout industries of the last couple of decades, online casinos have not only had regular growth but that growth has often been at a breakneck speed. Online casino, also known as iGaming is a broad term encompassing any type of online gambling activity. Companies under this header could be like traditional casinos featuring roulette, poker and virtual slot games, but also include live game providers or often sportsbook services.
Analysts are currently expecting growth of nearly 5% over the next half a decade, with revenue globally expected to hit a staggering USD 200 billion a year by the end of the 2020s. The majority of this is being driven directly by casino sites, although there are also plenty of developers and recruitment services backing them up.
Fintech
More has changed in the world of finance in the past 10 years than in the previous 300 years before that. The banking industry has been flipped on its head, with traditional bank branches and systems disappearing in favour of smartphone apps and fully online platforms. EU-based companies like Revolut that exist largely without a physical presence are taking over a healthy chunk of the market.
It’s no wonder then that, even in just the EU market, the projected growth is a staggering 24.22%, closing in on USD 200 billion by the end of the decade. Investment levels are also at an all-time high and, given how established brands are shifting to digital platforms as well, there’s no reason to think this won’t continue afterwards.
Eco Tech
Covering anything related to production and innovations in green technology, eco-tech is another industry almost guaranteed to be relevant and heavily invested in for the foreseeable future. Environmental solutions are a major talking point in most countries in the world, and so far the EU has been a major player in supplying products. The industry has had predicted growth of 21.6% year-on-year up to 2027, although there is less certainty beyond this.
The main thing causing concern is competition from other markets elsewhere in the world, with EU investment in green tech lagging behind places like the U.S. or China. It is still reasonable to expect some growth in the market regardless, simply because of massive demand, but unless there is significant investment over a short period, that growth rate could drop significantly.
The rule of thumb here is that most digital or tech-based industries can expect to see healthy growth in the EU for years to come. The nature of technology, though, is that you never know whether a new industry will suddenly take the reins.
