The future of industries has never been as volatile and unpredictable since the global lockdown in 2020. Now that the worst of it has passed and we are now steadily picking up the pace, analysts have observed several industries that are doing better than ever, in fact increasing in revenue and creating more job opportunities that could help in ailing the retrenchments that have happened during the pandemic.
According to IBISWorld, expert analysts have presented a list of Global Fastest Growing Industries by Revenue Growth (%) in 2023. For the youths, this forecast could paint a picture on the real-world industry and who are the professionals needed to fill in those gaps.
People skilled in developing, maintaining, and improving technological systems are highly seeked by today’s industry's top players. The evolution of Chatbots, robotics, artificial intelligence (AI), and other highly intuitive tools are seen aggressively joining industries such as healthcare, finance and transportation.
Through automation, improved data analysis capabilities and predictive analytics, these tools are used as the means of providing more time-sensitive services and quality to its users at the fraction of cost.
Improving economic conditions increased corporate profit and fueled global manufacturing activity, causing airlines to operate more flights to transport greater numbers of passengers and quantities of cargo. This creates more opportunities for skilled Aircraft maintenance activities to ensure the aircraft's safety and reliability, ability to be on schedule and reduce its technical risks.
Global Airport Operation
2023-2024 Revenue Growth:16.2%
2023-2024 Revenue Growth 7.7%
Global Commercial Aircraft Manufacturing
2023-2024 Revenue Growth 6.3%
Tourism and hospitality
The landscape of career in tourism and hospitality has definitely adapted to the “new normal”, the need for people with skills and technical in managing the operation is also needed to operate seamlessly.
According to the World Travel & Tourism Council (WTTC), 1 of every 10 jobs are in the hospitality and tourism industry, which also accounts for 1 in 5 of all new jobs created over the last five years. The demand is in parallel to Global tourism arrivals that will increase by 30% in 2023, following growth of 60% in 2022.
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Global Hotels & Resorts
2023-2024 Revenue Growth: 11.8%
Global Travel Agency Services
2023-2024 Revenue Growth 11.8%
2023-2024 Revenue Growth 10.8%
The second fastest growing sector is expected to be the healthcare industry, which is predicted to increase by 19%.
There is a greater need for medical care and more people are entering the field now. The need for more workers to occupy positions in the healthcare sector and the rising demand for health insurance has called for the hiring for more physicians and nurses.
The great news is that Nilai University is known for a holistic Diploma in Nursing and Bachelor of Science (Hons) in Nursing. The top preference is the sponsored Nursing Program in collaboration with our sponsor Gleneagles Hospital Medini Johor. Offering a guaranteed hiring post graduation, accommodation, monthly allowance, and more.
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