Young Entrepreneurs' Unconvention [BONUS TICKET]

img

IBISWorld identifies best, worst growth industries for 09/10

A report released this week by business analyst IBISWorld points to what it predicts will be the top 10 best and five worst growth industries for the coming year.

According to “The Best and Worst Growth Industries for 2009/10″, the top 10 growth industries include nursing homes, waste disposal services and passenger rail transport. At the head of the table is Online Education with a forecast growth of 24.3 percent. The industry increased revenue from $827.3 million in 2004 to $2.74 billion in 2009. While slowing slightly, the sector is predicted to show strong double digit growth into the foreseeable future. Among the key driving factors are the strong uptake of broadband internet services, more effective marketing and government support.

Of particular interest in the top 10 is funds management, which fell a staggering 54 percent between November 2007 and March 2009. It is believed that rising equity prices will drive a reverse in the decline of the value of funds management leading to a boost in management fees. The result will see a return in investor confidence with new funds available to investment managers.

With the economic downturn caused principally by injudicious lending, it comes as no surprise that foreign banks sit among the bottom five ‘worst’ growth industries. House construction, listed as number four in the list, is a bit of a surprise considering the recent gains in real estate and reasonably strong markets in the major cities.

The complete list is as follows:

Top 10 growth industries for 2009/10

  1. Online education (24.3%)
  2. Video games (11.4%)
  3. Funds management (10.7%)
  4. Grain storage (10.1%)
  5. Electricity generation (8.5%)
  6. Passenger rail transport (7.2%)
  7. Waste disposal services (7.0%)
  8. Welfare services and fundraising (5.6%)
  9. Language and other education (5.5%)
  10. Nursing homes (5.5%)

Bottom 5 growth industries for 2009/10

  1. Tyre manufacturing (-36.6%)
  2. Foreign banks (-21.5%)
  3. Automotive electrical/instrument manufacturing (-7.9%)
  4. House construction ­(-7.8%)
  5. Employment placement services (-7.4%)

Are you wasting your money on online marketing?

Want an ad like this?

Does online marketing get you confused? Are you properly exploiting social media? Do you understand search engine optimisation? Is your website delivering you enough business? If you answered Yes to any of these questions, it might be time to get some help.

Click to find out more.

Add a New Comment

blog comments powered by Disqus

Ant Mart

Latest Video

Snazzy Napper: Anthill’s search for the world’s most brainless innovation continues

The product developers describe the innovation as “the snazzy way to sleep while you travel”. What they don’t explain is how this innovation hasn’t yet caused race riots in a country already irrationally fearful of similar headware and community centres. Could this be the most brainless innovation ever?

More>>

Latest Comments

Ant Mart

Anthill Amabassadors

Management Matters

Sponsored by Fonality PABX Solutions

You looked at the big telcos and the big price tag. What next? Fonality believes in providing full PABX solutions that not only do more than our competitors, but at a much lower investment.

More>>

thumb

Tech & Innovation

Sponsored by Ozhosting

Anyone can buy a domain name, create a website and and have a company provide their web hosting. The real trick is to be taken seriously.

More>>

thumb

Upcoming Events

Oct
1

Are you wasting your money on online marketing — on websites and campaigns that don’t deliver?

Does online marketing get you confused? Are you properly exploiting social media? Do you understand search engine optimisation? Is your website delivering you enough business? If you answered Yes to any of these questions, it might be time to get some help.

More>>

Sep
18

Young Entrepreneurs’ Unconvention

Promotion: You obviously have a desire to support entrepreneurship in Australia. So do we! That’s why we have arranged an extra bonus ticket for all Anthill readers to the upcoming Young Entrepreneurs’ Unconvention, on 18 September, 9:00am to 5:00pm, in Sydney.

More>>