Fastest Growing Industries that Provide a Higher Chance of Success
There has never been a better time to become an entrepreneur. Small and medium enterprises these days are in a much better position to stay ahead of the competition. The robust development in the technology sector is paving the way for many entrepreneurs to adopt interesting solutions and innovations to provide comparable value as that of their bigger, more established competitors. New companies are rising up, new industries are being created – everyone is benefiting in the process.
But, some SME’s stand to gain more. As the adage goes: ‘Knowledge is Power,” it is important for entrepreneurs like you to figure out what the future holds, that way, you can lay the necessary groundwork to conquer it and make your business highly successful in the process. Canon Think Big launched an extensive research to find out today’s fastest growing industries that provide a higher chance of success for entrepreneurs like you. Some of the things here might surprise you.
The Fastest Growing Industries
Green & Sustainable Energy
The urge to protect the environment and aim for sustainability has never been stronger. And key proponents of green energy show no sign of letting up. ‘Green homes’ are sprouting everywhere and in fact, being used as a USP by real estate developers to sell to customers. As an entrepreneur, you can use this opportunity to provide solutions that are not only environment-friendly but cost-efficient as well. For example, Canon’s imageCLASS MF8580Cdw is a versatile 4-in-1 Colour Laser Printer for Business allows you (and your customers) to increase productivity with the built-in auto duplex printing engine. This means you can save time, save paper and save the environment by printing double-sided documents.
Personal Care
Personal wellness and improvement is a key tenet in combatting health issues. As discoveries related to increased vitality allow people to focus on quality of life, it is natural that businesses associated with personal care stand to benefit. Research shows that personal tanning products registered an average annual growth of 32.3% between 2002 and 2012 while alternative exercise such as Pilates and yoga studios registered 12.1% average growth within the same period. Because of this, it might be worthwhile for your business to craft a strategy to tap into this fast rising industry.
Online & For-Profit Education
Because of the dizzying growth of the Internet and mobile communications, it is easy to understand why online and for-profit education is growing rapidly. Online universities are a $28-billion-a-year industry that is just too big to ignore. As economies in Asia grow, the demand for post-secondary education even becomes greater and more far-reaching. To this, Canon’s imageCLASS MF8580 fits perfectly. These days, almost all students carry an iPhone® or iPad (sometimes, both) and use these devices to access lessons and do research online. Wouldn’t it be great if you have a solution that enables them to instantly print from these devices?
Canon’s imageCLASS MF8580 is a network-ready printer that takes mobile printing to the next level. Canon’s free Mobile Printing app lets you print wirelessly from iOS and Android devices. Moreover, the Built-in Apple® AirPrintTM automatically connects iPhone® or iPad to the printer via a router. Being Google Cloud PrintTM compatible, this also gives you the ability to print from virtually anywhere – inside or outside the classroom.
Mobile Apps
Related to the rise of online platforms is the rise of mobile apps. With the ever expanding user base of smartphones and tablets as pricing becomes more attractive and within reach by average consumers, expect mobile apps to grow at a breakneck speed. Projected to post an annual growth of 128%, an astute entrepreneur like you would be hitting a gold mine if you take advantage of this opportunity. What you want to provide is a smart solution that can meet their needs. To this, Canon’s all-in-one imageCLASS series is a clear winner. This series of laser printers can print, scan, fax, and even send documents through email or a network. Your customers will be impressed at just how smart and scalable Canon’s solution is.
Social Network Games
With the proliferation of social networking sites and entertainment trends, it is no wonder that this industry posted $609 million revenue in 2012. In 5 years, this is expected to become a billion dollar industry. Currently, the big players are mostly located in Northern America such as Zynga, Electronic Arts and Walt Disney Company but pundits are betting that some companies in Asia will pose a big threat to these ‘big boys’ and will attract considerable market share.
Business Process Outsourcing
The BPO industry has been growing and will continue to grow in the next couple of years. Countries in Asia such as Philippines, India, Malaysia and even Singapore are considered outsourcing hubs of some of the biggest corporations in the world. BPO companies in Asia will require solutions that are scalable, cost-effective and smart. This is where Canon Business Solution’s uniFLOW software can come in. Designed to save time and money by providing effective controls over entire print fleets, a uniFLOW solution can be built from several different components depending on specific business needs. It can be scaled up as the business grows and can be integrated with existing office systems. uniFLOW offers one central platform for all PC-based and mobile print requirements to effectively link workers, contractors and even visitors to the print network.
Go, empower yourself!
The advancement of technology opens up great opportunities for many entrepreneurs. As industries grow and companies evolve, new markets are opening up for business. This allows SMEs to compete credibly and attain business success more easily. The key is to empower yourself to go beyond your capabilities. When you Think BIG, you can expect that BIG Success will follow.