Business Sectors That Will Flourish In 2020

Bangalore:  The world of business is changing at a fast pace due to the globalization and digital technology. However, engineering, medical and media have been the most admired fields so far. But with the changing times, several new sectors are emerging that are likely to flourish if not now, then in future. Here are 10 businesses that are expected to boom in 2020 as listed by Rick Newman of U.S. News.

1. Counseling and therapy

Recently, the counseling and therapy business is gaining attention worldwide. It has been observed that mental health is now considered more important than physical wellbeing. Stressful living, increasing cases of divorcee, aging population, increase in use of drugs and many more emerging cases are the biggest reasons behind the rapid growth in this sector. According to U.S. Bureau of Labor Statistics, the number of family and marriage therapists will increase by around 41 percent, which in turn will increase the demand of counseling and therapy by 2020, reports Money Career.

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