10 Businesses That Will Boom In The Next Decade

BANGALORE: All sectors are undergoing a change from unorganized to an organized structure. There are many different fields in the business world. It takes responsibility, skill and determination to form a successful business of any type. The main objective of any business is to gain profit. With the changing times, several new sectors are emerging. Here are 10 businesses that are expected to boom in 2020 as listed by Rick Newman of U.S. News.

 #1.Data Crunching

Big data is reshaping business IT. The role of data scientist has changed radically. In industries, ranging from marketing to financial services to telecommunications, the data scientists don't just crunch numbers. They view the universe as one large data set and they decode relationships in that mass of information. Thus in order to understand this information, more number of quantitative analysts, marketing professionals, and market researchers are needed.

#2.Counseling and Therapy

Lately, the counseling and therapy business is gaining attention worldwide. It has been observed that mental health is now considered more important than physical well-being. Stressful living, increasing cases of divorces, increase in use of drugs, and many more emerging cases are the biggest reasons behind the rapid growth in this sector. It is expected that the demand for counseling and therapy is projected to grow 41 percent by 2020.

#3.Healthcare Fields

Healthcare is changing more rapidly than almost any other field as health is one of the important sectors that cannot be ignored. With the increasing population,  the rate of illness has also increased. Hospitals and nursing homes are growing in large numbers and in the future there will be an increase in demand for nurses, optometrists, audiologists, dentists, physical therapists, and some doctor specialists.

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