//5 fastest growing industries to invest in this year
1551127639 5 fastest growing industries to invest in this year 760x490 - 5 fastest growing industries to invest in this year

5 fastest growing industries to invest in this year

 

 

Are you an investor who wants to venture beyond index funds to choose stocks individual?

The choice of the company in which to invest is usually the most difficult task for any newcomer to the stock market. While some fundamental filters are applied to any search for individual stocks, such as targeting leaders in respective sectors and sectors with viable competitive advantages, there is another filter that can help you refine your search further. industries.

Here are some of the fastest growing sectors in which you can invest this year.

1. Software as a Service

5 fastest growing industries to invest in this year - 5 fastest growing industries to invest in this year

Software as a service is an industry that has grown rapidly in recent years. It is also known as SaaS. This sexy name basically defines the companies that benefit from the sale of cloud services.

Among the leading SaaS companies on the market is Salesforce, a customer relationship platform, a customer support platform called Zendesk . Both companies share access to their platforms by charging recurring fees and have both experienced extraordinary growth in revenues. Their revenues have improved by more than 20% year after year.

2. Fintech

Often associated with SaaS companies because of their highly scalable business models and cloud-based products and services, financial technology companies rely heavily on the financial needs of businesses and their customers.

Fintech companies offer e-commerce platforms, payment solutions, peer to peer payments and fast financial solutions. Companies in this sector are experiencing explosive growth. An e-commerce platform such as Shopify saw its revenues increase by 62% in the second quarter of 2018.

3. Artificial Intelligence

Artificial intelligence is one of the hot topics, and there is a good reason for that. The applications of artificial intelligence are present in many technologies.

The Alphabet Company relies on AI in all areas of its business. Artificial intelligence appears in Alphabet applications, such as the Google Assistant, and other methods, such as automatic data generation, to help users write their e-mail faster.

Alphabet company said artificial intelligence had contributed to the rapid growth of its business, as it expects a growth in its business of more than 26%. NVDIA's revenues have grown by more than 60% a year due to the artificial intelligence they have built into their business.

1551127639 710 5 fastest growing industries to invest in this year - 5 fastest growing industries to invest in this year

4. Cloud computing

Cloud computing is about using off-site servers to store, manage, and process data.

Fortunately for investors, the two leaders in this sector are Amazon and Microsoft, which are still recording sustained growth in their cloud activities.

Amazon Web Services revenues grew by 49% each year, indicating accelerated growth. Microsoft has also reported a faster growth rate of its cloud business.

5. Fashion Industry

The fashion industry is also one of the growing sectors. It involves what you use every day.

Clothes can never lose the market. It is the season in which you find yourself that determines the type of clothing you are wearing. If you want to invest in the fashion industry, you'd better spend your money on stocks versus portable items.

Kate Spade's sales are currently high and her stock price index continues to grow. It is one of the most promising companies in the fashion industry. Kate Spade's stock forecast is favorable; you better take this opportunity.

Conclusion

Many other industries are experiencing supernatural growth, such as electric cars, e-commerce and streaming music. You have the choice between a wide variety of dynamic sectors.