Industries in Growth Stage of Life Cycle in the US in 2024

1. Online Gambling Services in the US

2024 Units *: 55.7

The Online Gambling Services industry in the United States is home to operators that host internet platforms which enable consumers to wager on events such as digital table games and other sporting events, including horse racing. Overall, this is a small industry, with players such as MGM Resorts International, among others, which has sought to capture more consumer demand for gambling services by branching out into hosting online platforms. Other players in the sports betting segment are new, online-based endeavors, such as DraftKings Inc., which entered the industry in 2018. In 2020, the outbreak of the COVID-19 (coronavirus) pandemic is... Learn More

2. Social Networking Sites in the US

2024 Units *: 38.1

The Social Networking Sites (SNS) industry is benefitting from an increasing consumer base. According to Comscore, an online audience measurement company, such sites accounted for one in 12 minutes spent online in 2007 while they now account for one out of each six minutes (as of June 2011, most recent data available). Additionally, SNS attract a growing share of total advertising revenue because they can measure the effectiveness of advertising and can leverage significant consumer information to accurately target such advertising, thus boosting its effectiveness. As the industry leverages its consumer information, revenue is expected to grow at a 35.8%... Learn More

3. Medical & Recreational Marijuana Growing in the US

2024 Units *: 31.9

For decades, all marijuana transactions in the United States were conducted under implicit or explicit prohibition. States have increasingly moved to legalize marijuana for medical purposes, though, as well as to implement regulations for organizations that produce and distribute cannabis. The growing acceptance of medical marijuana is providing operators and investors with unprecedented opportunities. Furthermore, the federal government has signaled its tacit acceptance of these state actions. Consequently, the Medical Marijuana Growing industry is expected to experience annualized revenue growth of 13.8% to $1.7 billion in the five years to 2013.

Revenue growth did slow in 2011, though, due to aggressive... Learn More

4. Solar Power in the US

2024 Units *: 31.1

The Solar Power Generation industry generates electricity from the sun, using either solar collectors (arrays of mirrors) or photovoltaic panels. The production of solar power expanding strongly, albeit from a low base. Output is expected to be about 848 million kilowatt hours in 2010, compared with 550 kilowatt hours five years earlier. Despite the strong growth, solar electricity production accounts for only about 0.02% of total US electricity output.

The industry is expected to earn revenue of about $57.98 million in 2010 compared with $45.40 billion in 2005, yielding average annual growth of 4.7%. The increase reflects higher levels of electricity... Learn More

5. Medical & Recreational Marijuana Stores in the US

2024 Units *: 29.2

For decades, all marijuana transactions in the United States were conducted under implicit or explicit prohibition. However, states have increasingly moved to legalize nonprofit marijuana growing for medical purposes, as well as to implement regulations for organizations that produce and distribute cannabis. The growing acceptance of medical marijuana is providing operators and investors with unprecedented opportunities. Revenue growth did slow in 2011, however, due to aggressive prosecution of medical marijuana growers and dispensaries by the Drug Enforcement Administration. This sort of intervention has increased uncertainty for industry operators, resulting in higher operating costs from legal fees and risk mitigation.

Luckily for... Learn More

6. Virtual Reality Software in the US

2024 Units *: 29.0

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7. Hybrid & Electric Vehicle Manufacturing in the US

2024 Units *: 28.1

The Hybrid and Electric Vehicle Manufacturing industry has expanded over the five years to 2011. Revenue is anticipated to grow 2.5% per year to $3.1 billion in the five years to 2011. High oil prices before and after the recession prompted consumers to purchase hybrid and electric vehicles at accelerating rates to stave off rising fuel expenses. Consumer tax credits for hybrid and electric vehicles also led to industry demand growth as more consumers could afford the industry's product (by letting consumers write off certain taxes associated with the purchase of a hybrid or electric vehicle). Rising environmental awareness among... Learn More

8. 3D Printing & Rapid Prototyping Services in the US

2024 Units *: 26.7

The 3D Printing and Rapid Prototyping Services industry has leaped ahead in recent years, driven by rapid technological developments, falling costs and new applications for 3D printing technology. Over the five years to 2012, revenue is expected to grow at an average annualized rate of 7.2% to total $662.4 million. Industry revenue decreased 10.7% in 2009 due to recession-related declines in demand, but it bounced back in 2010 (11.6%) and 2011 (18.3%), as downstream markets recovered. Revenue is expected to grow 18.5% from 2011 to 2012.

The industry's fate is tied to the manufacturing sector. Most companies use 3D printing to... Learn More

9. SEO & Internet Marketing Consultants in the US

2024 Units *: 26.6

Operators in the SEO and Internet Marketing Consultants industry provide advice on a company's online advertising and online presence. Services that industry operators provide often include increasing the amount of revenue or online traffic a company receives through search engine optimization (SEO) and display advertising. Over the five years to 2020, industry operators have benefited from an increase in corporate profit, total advertising expenditure and e-commerce sales. Additionally, retailers are shifting to an omni-channel sales approach and are relying on SEO and display advertising in order to boost revenue. The Internet Advertising Bureau (IAB) estimates that all internet advertising revenue... Learn More

10. Wireless Internet Service Providers in the US

2024 Units *: 26.1

While major telecommunication carriers, cable providers and satellite providers battle each other to satisfy consumers' insatiable thirst for data services, the American countryside has been left behind. The high cost of bringing service to sparsely populated areas has discouraged these giants from delivering broadband to rural regions of the United States, leaving room for the development of the Wireless Internet Service Providers (WISPs) industry. These providers use transmission towers that communicate with each other and with small transceivers installed at customers' locations to provide broadband internet access to unserved and underserved areas. Over the five years to 2014, industry revenue... Learn More