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Top Booming Industries of 2021

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Top Booming Industries of 2021

One positive effect of the pandemic on the job market is the new opportunities for people to bring their unique capabilities to the table. Digitalization and automation have affected all aspects of our lives. With the world urging a more virtual way of doing daily things, we have seen many companies adjust to this new reality. Some of them still fight to survive, while others have adopted the latest technologies and made considerable earnings in specific niches. Let us look at some industries that are booming in 2021.

Cybersecurity Industry

Cybersecurity has always been a big industry, but the increase in how we rely on digital tools such as virtual meeting applications means that our data is more vulnerable to hacking and other cyber vulnerabilities than ever before. Coronavirus is one of the biggest cybersecurity threats, as fraudsters have taken advantage of the disease’s uncertainty. Spam email issues have been viral: in the UK, hacking attacks on targeted people working from home were up by 12 percent before the first lockdown. Still, that number increased by 60% just six weeks later. Several attackers use the names and logos of trusted organizations and businesses, such as the World Health Organization (WHO), to trick users into clicking on dangerous links.

PPE Industry

Personal protective equipment (PPE) is one of the most talked-about and sought-after resources of this pandemic. Demand has been increasing rapidly, and countries that depend on imports from other countries such as China have been short of this vital equipment. Because of the coronavirus’s adverse effect, hospitals have the responsibility to have stockpiled in place if there is a similar case or occurrence in the future. Most PPEs have expiry dates, and because of this, steady supplies of new equipment will be in constant need, which means that manufacturers will always be busy trying to meet the new demand.

Cannabis Industry

Cannabis is the world’s most used drug. Owing to restrictions on the cultivation of cannabis in some parts of the world, cannabis has gathered interest from investors and researchers pushing for legalization to grow cannabis globally. More than 50% of Americans believe that the government should legalize cannabis. Thanks to a substance found in the cannabis plant known as Cannabidiol or CBD, many patients who suffer from medical problems like chronic pain and seizures have seen a significant improvement in their medical condition after using the CBD. However, to be successful in this industry, you must seek the service of cannabis consulting firms. The service is essential because the industry is relatively new and heavily regulated. Cannabis consulting companies know the dos and don’ts of starting and operating a cannabis business successfully.

Online Conferencing Industry

Virtual meetings have helped us make our work-from-home lives seem a bit normal. One of the corporations leading the industry, Zoom, has boomed during the pandemic and saw its stock price increase significantly over 100% in just two months. Google has made the premium features of its platform Google Hangouts free for users until September. The daily users of its Microsoft software, Team’s,  jumped from 32 million to 44 million during March.

Online Dating Industry

Dating apps are not the popular way of finding a partner, but there was a global downshift in app downloads as it came to be the norm. There was a 32.5percent growth in dating app users in 2016, but this reduced to just a 5.3% increase in 2019. However, as the COVID-19 outbreak restricted nearly all face-to-face meet-ups, there was a new rise in downloads and exchanges through the likes of Tinder, Bumble, and Hinge. On 29 March alone, Tinder users globally swiped through three billion possible matches, which is more than any other day, setting a record. eMarketer, a research company that provides information on digital marketing, media, and commerce, revealed that the number of people who dated through in the US alone hit 26.6 million, an 18.4% boost in 2019.

Final word

The pandemic will always be looked at as a negative occurrence that halted or reduced sales for many businesses. However, few industries had an exponential increase in demand for their goods or services. 2021 is still young, but we are positive from indications that the sectors discussed in this article will get the best out of it compared to other industries. The cannabis industry might come as a surprise, but with the stigma associated with rapidly shedding marijuana, the sky is only a starting point.