Based on the expert analysis and our database of 70+ Global industries, IBISWorld presents a list of the Industries with the Largest Number of Businesses Global in 2021
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View a list of the Top 25 industries with the largest number of businessesNumber of Businesses for 2021: 7,031,496
The Global Commercial Real Estate industry has grown over much of the five years to 2021 after a slow start. Investor confidence took a hit in 2015, which continued into 2016 largely due to global political uncertainty and low oil prices. This negatively affected investment in the industry and revenue declined 0.3% in 2016. Global investment has since rebounded strongly amid robust global economic growth, which propelled industry revenue to recover. However, the outbreak of COVID-19 (coronavirus) is expected to severely constrict demand as economic uncertainty skyrockets. As a result, industry revenue is expected to grow an annualized 0.2% to... Learn More
Number of Businesses for 2021: 2,214,053
Operators in the Global Management Consultants industry provide advisory services to a range of clients to help improve organizational performance. Consultants focus on topics such as organizational design, process management and corporate strategy. Over the five years to 2021, demand for management consulting services has increased, despite the COVID-19 (coronavirus) pandemic negatively affecting the industry in 2020 and partially in 2021. However, industry profitability is expected to decline marginally during the period as wage pressure, competition and reduced demand in 2020 that are likely to persist into early 2021 weigh on industry profit. Between 2016 and 2019, global economic growth... Learn More
Number of Businesses for 2021: 1,590,203
Operators in the Global Accounting Services industry commonly provide a variety of services, such as the preparation of financial statements, the development of budgets and the review of auditing records for small, medium and large businesses. Stabilization and steady economic growth in developed nations, as well as continued strength in many emerging nations, have encouraged business creations and expansion, thereby increasing the potential pool of clientele for accounting firms. In addition, rising global equity values and an increase in investor optimism has sparked a jump in revenue from assurance-related work, as the industry commonly provides expertise for mergers and acquisitions,... Learn More
Number of Businesses for 2021: 1,109,158
The Global Insurance Brokers and Agencies industry plays a critical role in the insurance market by distributing policies and consulting insurance underwriters and consumers. Given the transaction-based nature of the industry, revenue primarily depends on three factors, which include policy pricing, demand for insurance and the popularity of using agents and brokers in the distribution process. The industry has been hindered from the global economic uncertainty that has been caused by the COVID-19 (coronavirus) pandemic. Overall, industry revenue is anticipated to fall an annualized 2.1% to $459.6 billion over the five years to 2021, along with a marginal decline of... Learn More
Number of Businesses for 2021: 803,506
The Global Tourism industry is expected to decrease an annualized 4.3% to $1.3 trillion over the five years to 2021. Global tourism has performed well during most of the five-year period, with emerging economies continuing to stimulate growth. Moreover, countries in Asia and South America have experienced robust growth in per capita income, which has enabled consumers in these regions to take overseas trips in increasing numbers. However, due to the COVID-19 (coronavirus) pandemic, industry revenue is expected to decline nearly 50.0% in 2020. The global outbreak is expected to have an enormous effect on all tourism-related industries as many... Learn More
Number of Businesses for 2021: 587,055
Over the five years to 2021, the Global Fast Food Restaurants industry has expanded despite changing consumer tastes and a recovering global economy. As disposable income rose during the period, consumers increased spending on luxuries, such as eating out, therefore also boosting profit. However, full-service restaurants outperformed fast food establishments during this period, as many consumers had more disposable income. The industry also experienced steady and growing demand from emerging economies, which boosted the industry's overall performance. During the period, the industry has also been forced to adapt to increasingly health-conscious consumer preferences. While major fast food retailers have responded... Learn More
Number of Businesses for 2021: 574,263
The Global HR and Recruitment Services industry relies on an organizations' demand for outsourcing its recruitment processes and human resource management activities. Industry performance largely depends on economic conditions in major markets and the effect these conditions have on demand for labor worldwide. Labor market regulation, particularly relating to temporary employees, is also important to industry performance. While the liberalization of labor laws in developed nations has historically been essential to industry growth, large players have now focused on emerging markets. Industry growth in these regions has expanded as the industry's largest companies expand into developing economies to connect employers... Learn More
Number of Businesses for 2021: 534,129
Over the five years to 2021, the Global Hotels and Resorts industry is anticipated to experience a decline in revenue. Initially, strong growth between 2016 and 2019 was experienced as both consumers and businesses became more confident about their finances and spent more liberally on luxuries, including travel. This culminated in a substantial increase in both travel rates and hotel room and occupancy rates, two indicators of a hotel's performance. Global tourist arrivals were also steadily increasing between 2016 and 2019 until a drastic drop in 2020 occurred due to the global spread of COVID-19 (coronavirus). In 2020, industry revenue... Learn More
Number of Businesses for 2021: 435,693
Over the five years to 2021, revenue for the Global Car and Automobile Sales industry is expected to fall, mainly due to the economic fallout as a result of the COVID-19 (coronavirus) pandemic. The industry experienced growth during the beginning of the period as rising global per capita income and increased global consumer spending encouraged global auto sales, primarily in emerging economies. However, several factors have limited industry expansion. For example, several European nations experienced weak economic growth. The United States also experienced a slump in auto sales going into 2020 after previously posting strong sales between 2009 and 2016.... Learn More
Number of Businesses for 2021: 388,933
Operators in the Global Graphic Designers industry create visual concepts by hand or using computer software to communicate ideas, craft brand images and captivate consumers. Industry operators also produce and design layouts for advertisements, brochures, magazines and corporate reports. Therefore, industry demand is driven by downstream markets, which include consumer goods manufacturers and advertisers. Rising global per capita income and consumer spending have led to increasing corporate expenditures over the five years to 2021, though the COVID-19 (coronavirus) pandemic severely eroded this momentum in 2020. Overall, the strong macroeconomic climate prior the pandemic bolstered demand for graphic designers, as industry... Learn More
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