Every year sees certain sectors which are predicted to boom in terms of attracting investment and grow multiple folds in business. For instance, in 2016 sectors like affordable healthcare and digital wallets have created a huge uproar in the Indian start-up scenario.
We have a roundup of the top 5 sectors that investors predict to do well in 2017.
- The Internet Of Things
The Internet of Things (IoT)— by definition, is the interconnection via the Internet of computing devices embedded in everyday objects, enabling them to send and receive data. IoT is bringing implanted sensors and actuators in machines and other physical objects into the connected world.
This will help businesses improve performance and will be a starting point to create newer business models. With the right amount of monitoring, it can also benefit the health sector.
- Mobile Internet
The internet has proved to be more than just a convenience for our times; it’s a necessity for more than a billion people – especially those who own smartphones and tablets.
Accessibility is a necessity for society as digital identity is becoming an important part of one’s being. From bank payments to online services – mobile internet will see a growth spurt this year.
- Shared Economy
A sharing economy is an economic model in which individuals are able to borrow or rent assets owned by someone else. Of late, this sector has seen many upcoming models in all verticals.
From shared accommodation, apparel, cars and bikes and even office spaces – shared economy is here to stay.
FinTech is one of the biggest growing sectors of banking, online lending, and blockchain.With demonetization in India, digital wallets have already replaced the physical card. Eventually, banks will allow virtual interaction allowing people the power of financing without any middle-men.
Touted as an experiment, blockchain will soon become a critical development area for any exchange of value over the Internet, person to person.
- Artificial Intelligence
Forrester has predicted that investment in Artificial Intelligence will grow 300% in 2017! Along with Big data, and IoT technologies, Artificial Intelligence will enable businesses investing in them to successfully overcome barriers to data access and to mining useful insights. It is said that in 2017 these technologies will increase business’ access to data, broaden the types of data that can be analyzed, and raise the level of sophistication of the resulting insight.
While business innovation gives rise to newer concepts and technology, we will look forward to what investors find most attractive and sustainable among these sectors in 2017.