The Best industries to start a Business in 2017

So you are thinking about starting business but are not sure which sector to start in. Here’s a roundup of top performing sectors, which exhibit a significant growth potential in 2017.

Mindfulness Training

In the recent years, the stigma attached to mental health has started to dissolve. In fact, companies now realize that employees’ performance is directly linked to their mental health. Therefore, they are investing more in providing mindfulness and meditation trainings to their employees. It improves their abilities to cope up with stress and increase their productivity. The mindfulness training industry is measured to be worth approximately $1.1 billion in United States.

Computer Analytics

Application of artificial intelligence in developing interactive software is in high demand these days. The technology can be used in a number of diversified sectors from creating the software of automated cars and drones to creating the interface for interactive games. The industry provides lucrative opportunities for growth and the funding in the sector has reached approximately $522 million globally. However, the entry cost, in the computer vision sector market, is very high. It requires a comprehensive understanding and relevant technical skills to thrive in the market.

Beverage Industry

Beverage industry in United States is undergoing a transformational shift due to the change in the preferences of the consumers. For the past decade, an upward trend was observed in the sales of the energy drinks. However, the trend is falling gradually in the recent years, with the introduction of Relaxation Drinks. The health benefits of these drinks have persuaded millennials to make the switch. In addition to that, another major shift observed, in the beverage industry, is the shift from frozen drinks to ready-to-drink coffees and teas. The market possesses a lot of potential for companies with the relevant gourmet skills set.

Mobile Heath

With the increase in the concern for the physical fitness, the demand for Mobile Health systems has significantly increased. Smart watches and Health applications have become a hot commodity and people need all the health related information on their phone screens. It is estimated that the global health market will capture a share of approximately $10 billion by 2018. The statistics and surveys reveal a promising career in the field. But the downside to entering the industry is that the entrants have to be cautious about not violating HIPAA.

Eco-Friendly Construction Projects

Sustainable projects are given more importance as people are becoming increasingly responsible towards the environment. Green Construction promotes the designs which are energy-efficient and sustainable. A major plus point to start in this industry is that, the sector is given extra support and protection from government, in terms of tax credits and subsidies. The company has displayed an annual growth of approximately 15 percent in the last couple of years.