Top 5 Rapidly Growing Industries Worldwide in 2017

In the world economy 2017, the forces of growth and prosperity are complex and ever-changing. The catalysts of change can be fundamental factors such an emerging technology, the needs of the global population, a change in regulation or a new method of monetization.We are now going to disclose top 5 (five) fastest growing industries worldwide, also to look and examine the fact behind its hasty growth and what issues are emerging that might affect their long-term prospects:The construction industry:
The construction industry is thundering like a storm and authorities assume growth to proceed. The Bureau of Labor Statistics projects the construction and development industry to be one of the fastest growing industries of 2017 and with risen work, the industry will have a leading employment rate across the overall economy.This is also estimated that the industry will be unstoppable and will boom simultaneously until 2020 and the projected growth rate would reach 4.5% up over the next 5 Years, making construction the top leading industries of 2017 in terms of improving salary and employment sector.In the United States, the construction industry is estimated to reach almost $1.2 trillion over next five years (until 2020)Cloud Computing Industry:
Cloud computing technology is comparatively new in the market but there are various organizations both government and private that are inception to adopt the use of this technology. Cloud computing is basically the commitment of computing services including software, networking, servers, storage, databases, analytics over the cloud with the help of internet.The investment of $46.8 billion was spent on Cloud Services previous year and expected to double in next few years. The Industry growth will rise at a compound annual growth rate (CAGR) of 18% in coming forecast until 2020 with the current price of $263 billion. Over 80% CFO’s officers say cloud computing will have the most measurable impact on their business in 2017.Online retail Industry:
Today, we live in a world where people are so attached to the smart technology like the smartphones or gadgets, also in their everyday life they hold in touch with it while doing shopping or hailing a cab service or it could be regarding ordering a food. Everything begins & ends with the smart time-saving technology of Online Retailing.Online Retail is one of the fastest growing industry in this phrase of gigantic technology and also projected to show an enormous growth in upcoming years also. China embraces the largest market for e-commerce followed by the United States, though India hold the top place under rapidly growing e-commerce industry in the whole world.In Asia-Pacific, Nearly a 5th of total retail sales will take place online by 2021, with 80% of business coming from the smartphones, improved from 64.5% in 2016. It is also estimated that the online mobile retailing sector is near to grow at a CAGR of 16% (approx.), to strike $1 trillion until 2020, increased from $545 billion in 2016.The marijuana industry:
Marijuana, also familiar with the name Cannabis and Hashish being unassociated with good fashionable lifestyles because it is illegal in most of the countries as it is a psychoactive drug. In 2015, 42% of Americans consumed cannabis, increased to 51.2% in 2016. Around 11% have used it in the previous year, and 7.5% used it in the previous month. This makes it the most commonly used illegal drug worldwide and the United States. However, there are more than twenty-five states with some form of legalized marijuana for medical purpose and more than seven states that have legalized recreational marijuana laws.A new report has been declared by the market research experts includes the foresight that the legal cannabis market or marijuana market was worth an estimated $7.3 billion in the previous year (2016) and now projected to grow at a Compound Annual Growth Rate (CAGR) of 16.9%. Marijuana sales reached $4.5 billion in 2016 and now expected to reach $13.2 billion in coming years until 2020.Music streaming industry:
Today, ‘The Internet’ or ‘Net’ (Common name) is one of the most important needs of a mankind. People use the net for different purposes depending upon the requirement. In Music Streaming Industry, the Internet gives listeners a commercial-free access to choose & listen from the millions of songs on a monthly payment and sometimes totally free if they willing to see ads.The music streaming growth is being seen globally, including the small markets and others decimated by piracy. In the United States, Music streaming Industry revenue grew 56 % billion in the first half of previous year (2016) which was accounted to near half of industry sales in the US. South Korea has emerged himself in the list of top 10 largest music industry in the world, with sales $271.2 million in 2016. With the explosion of piracy, China’s market shrank to $22 million in 2010 as it was $209 million in 2004 but after the major source of the recovery, China again lifted himself in the top 10 music industries by country in 2017.The Global Music Industry grew at a CAGR of 5.8% and generated the revenue by hitting $15.4 billion in the previous year (2016) as compared with $14.6 billion in 2015. According to I.F.P.I, this been recorded as the fastest Music Industry growth since 1998.

Inside an Industrial Supply Company

Have you ever wondered what goes on inside an industrial supply company? Are they staffed by knowledgeable experts or do they just have large warehouses of supplies and equipment chosen from the catalogs of manufacturers? Well, it really depends on the company. This is how it works.A good industrial supply company usually starts off as an outgrowth of a local need. As a community develops and warehouses and factories spring up, they need certain equipment and regular supplies in order to operate efficiently. Someone with experience in a related materials handling industry recognizes those needs and starts off modestly, perhaps offering forklift parts and accessories and maybe a selection of pallet racks and other related goods.As time goes by, the industrial supply company expands its product lines as it learns from experience what its clients’ needs are. A warehouse, for example, needs packaging and janitorial supplies on a regular basis, so the supplier adds these to their catalog. A local construction company needs aerial lifts, so the supplier expands its product range even further.As the industrial supply company grows, its catalog of products expands exponentially to service a larger client base. They hire staff that are trained and experienced in a variety of fields, from service technicians to customer service representatives with hands-on experience in the materials handling world.After decades of customer service, this industrial supply company gets a reputation for having the largest range of products in its area and customers come to rely on them for all of their needs. In some cases, the company opens subsidiaries to serve their clients even better. Instead of selling a few forklifts in their main showroom, they open a separate, but connected forklift dealership and offer a full range of new and used lift trucks, parts and accessories from that location.As demand grows, the industrial supply company decides to offer their full catalog online. This gives them national reach, but sometimes it takes time for them to be discovered outside of their local area, where their reputation precedes them. This was particularly true in the early days of the internet, when customers were wary of online ordering, believing it lacked the personal touch or that delivery of products would be a slow process.Now that a few companies have established themselves as trusted and reliable online concerns, the tide is changing. An industrial supply company that has its long-established headquarters somewhere in Central Illinois can be trusted by a warehouse in California to give the same or a better level of service that a local supplier could give them.When looking for an industrial supply company online, look for one whose reputation precedes them. Look for a company with a firm foundation in the materials handling industry. It doesn’t matter where they are located. The internet shortens distances: a company across the country can serve you as well as one that’s right next door. Their only qualifications should be experience and expertise.