Top 10 Dying Industries In The World

Publish Date : 2020-05-03

Top 10 Dying Industries In The World

It's time to wake up. In the next few minutes, I'm going to be sharing with you the top 10 industries that are dying and the top 12 industries that are booming. And by you going through this information, you're going to be getting this mind map.

So what are we going to cover today? I'm going to be sharing with you the hard-hitting facts on the world that we are in today.

2nd is I'm going to share with you the top 10 dying industries. The third part is I'm going to be covering the top 12 growing industries which you can know, bank on over the next five to 10 years, and what is your next step, what do you need to have in place.

So hi there, my name is Sunil Kumar, and I am in the digital space, music and blogging for the last six to seven years. I'm a software developer turned social media geek. I never thought I would be in this space with the pure intention, vision to keep growing with changing times.

So even though I come from the software and music industry, I'm right now in the social media, blogging industry and I know I could be in a different industry five to six years down the line with this mindset. And one of the reasons I did this research is so that I can give you the information without any fluff.

Straight off the bat, hard-hitting information that can potentially change the course of your life. And change the course of your destiny for whatever it may be. So the first thing I want to tell you is that no matter what you have studied in the past, maybe whatever industry background that you're coming from. I would like you to understand that if you have a fluid mindset if you have a fluid way of thinking, "You know what? "If my industry is not good, I'm ready for a change."

And if you start you know, acquiring the skills in that, there's a high chance that five years, ten years, 15 years down the line, you're going to be more valuable in the market place and you are going to be creating a good amount of money for yourself, and you'll be afloat with
the fast-changing times. So let's first understand some hard-hitting facts here. Let's get into this.

There are three hard-hitting facts that you need to know

Number one, 75% according to Forbes, 75% of companies are going to disappear in the next five years out of which 50% of them are not yet born. Interesting right? 75% of companies are going to disappear in the next five years. The second hard-hitting fact
over two billion jobs are going to disappear by the year 2030 with all the changes that are happening.

Especially industries like the power industry, coal industry, transportation industry, line repairmen, all of that is going to get obsolete. So two billion jobs are going to disappear by 2030. And number three is 85% of jobs that will exist in the year 2030 haven't been invented yet.

That means the school and education system, and they have not yet started to create that kind of curriculum to soothe the job for 2030. And this was you know, mentioned by Dell here, the founder of Dell, Michael Dell. So these are some of the most important points or hard-hitting facts.

There are many more facts over there; there are many more facts but I'm not listed here because I just want to bring out the top three here.

So let's go straight into the top 10 dying industries

Let's start from the top here.

The first dying industry is the videotape and disc rental industry. If you're somebody, if you know somebody who has a video rental shop library where you go you know, get CDs and discs and stuff, this is going to go. This is already dead for most that we know, like with Netflix and stuff that's coming on. It's a goner industry.

The second one, is libraries and archives you know, actual libraries going there. That's dying, and people have everything in their Kindle, and in their palm, so government libraries aren't going to be used as much as how they used to be used. You know, that's the sad truth of the world.

Number three is directories, and mailing list publishers also is a dying industry right now. But you go to somebody, and they  know, people have directories, and they would send emails to a particular list. All that is gone, I'm talking about offline here.

Number four is the photofinishing industry is also a dying industry because today you have everything you know, in your palm right now. You can do all the editing, photofinishing, and you have high-resolution cameras in your fingertips now.

So this is one industry that's going down. Newspaper publishers are going down. New York Times also is their subscription base has been dropping drastically which is why now they are coming up with an app-based model, a subscription-based model where at least they get $1 per day, $1 per month kind of a thing for getting some type of revenue through the newspaper. And how much money is going to printing and all of that?

That industry is goner, five years down the line it's going to go down in a much, much more drastic way.

Telephone apparatus manufacturing

One of the days of the old telephone days. Even now if you look at it, it's all mobile manufacturing which is moving up not the old telephone you know, apparatus which is still around but it's like nearly dead right now. Now I come from the music industry.
I studied sound engineering, and this industry is going down. Sound recording studios.

A friend of mine is also a top musician. He was saying he knows just in the last 30 days, and he knows four music studios, reputable studios that have shut down. So this is another industry that's going down and going down really fast.

Number eight, book stores and news dealers This is also going down because everything is digitized.

Number nine is a stationery product manufacturing company

This is again worldwide statistics, comprehensive data. I have a few friends who also own stationery product manufacturing companies and this is in for trouble over the next few years.

And number ten, we're looking at textile and fabric finishing mills. So mills also are going through its churn and many of these top industries like power industries, coal industries, transportation industries. They're all getting you to know, powered with artificial intelligence and many other ways like 3D printing.

A few other industries that are coming up are more significant, which will be replacing the traditional way of doing things.

So now let's look at the top 12 growing industries

Top 12 growing industries, number one is, The growing top sector is VR and AR, virtual reality, augmented reality and its applications across multiple industries. So if you are somebody who has an aptitude for building applications around VR and AR
and customising them for different sectors, you got a huge opportunity. You're going to be in business for a long time.

2nd is green energy, anything to do with green, eco-friendly energy, environment-friendly energy. We're talking about solar, wind, many other alternate sources. There's a huge opportunity out there.

Number three is e-commerce. People are already used to buying stuff online, and Amazon is like the biggest, online retail market place. There are so many other, you know, e-commerce players out there. So if you have a niche product or a niche category or topic and unique products that can serve a market, you've got an enormous opportunity waiting out there for you.

Number four is consulting. There are a lot of experts and consultants who are doing well right now, and it's a booming industry. But you gotta know what you're doing. You cannot just become a consultant today only with some little bit of an experience. You've got to go deep,
dig your well and consult and you have a great opportunity out there where you as an individual, you can ask and create a good revenue for yourself.

Number five is content marketing. A part of what I'm doing right now is part of content marketing, and this is a huge industry. The way that people are going to market in the future, even right now and heading into the future is by first educating, engaging and then getting customers.

It's not just like a direct sale anymore because there are too many options in the market, there's too much noise in the market and if you have to stand out from the crowd you have to deliver the goods first. You got to deliver the right content. So content marketing is going to be around for a long time.

Beauty technology is another industry which is on the rise. I've not done my research in this in-depth yet, but from a little bit of stuff that I was looking at, people want to look beautiful, and there are so many different products and technologies that are being built around that.

Number seven is influencers. You can see Instagram influencers are on the rise now. YouTube influencers are on the rise now. Twitter influencers are on the rise now, and you know, brands want to contact these influencers and pay them to shout out their message and influencers make a lot of money right now with this trend that's moving up. So this is going to grow even further.

Number eight is the gaming industry. Gaming is going to be a huge, huge industry. It's already a multi-billion dollar industry at this point, and we're going to look at gaming
in all kinds of scenarios, especially with VR coming in, you know.

Especially now let's say big movies, blockbuster movies coming in where they launch even the games along with that. It's huge, like look at Lego what they've done. Lego along with their actual Lego products, they've also now branched into Lego games.

If you go and check out all the Lego Batman games, Lega Harry Potter, you got all the, and Lego have, even their movies coming out, Lego movies. So gaming with movies and all the other apparel that comes with it, it's a huge industry.

Number nine is Biotech. Biotechnology and different kinds of medical drugs and products that can really solve people specific problems. We're talking about general medicare, and there are so many other new technologies that are evolving in this space.

Number 10, elder care. We don't realize this, but a lot of people are getting old, and they've been getting old, but now if you see, there's a whole segment that's been created where elder care is a big industry on its own.

Number 11 is cybersecurity. Another growing industry with so many hacks and tricks which are there. If you are somebody who's an ethical hacker and who can crack and do it for a good reason, then you will be in demand. So cybersecurity is a big industry.

And finally, number 12 is a financial technology. The way that we use money, the idea that we transact. We've already seen the first wave of blockchain that's created a huge you know, wave if you look at it. Cryptocurrencies had its rise and fall.

Crypto, the specific currencies may rise and fall, but if you look at the concept of blockchain and financial technology as a whole and how governments will start to adopt this in the future. That's a huge opportunity there.

So considering this, these are the top 12 growing industries, and I hope you found this useful because by you being aware that these are the things coming up and these are the things going down, you can start to make some shifts in your careers. You can begin to make some shifts in your positioning because if you position yourself in the right place, you know it's all about this, it's all about positioning.

If you're positioning yourself in the right place, you will have

Category :business
Author Website : Blogging Hub

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