Based on the expert analysis and our database of 1,300+ US industries, IBISWorld presents a list of the Industries in Growth Stage of Life Cycle in the US in 2024
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View a list of the Top 25 industries in growth stage of life cycle2024 Units *: 56.0
The Online Gambling Services industry in the United States is home to operators that host internet platforms which enable consumers to wager on events such as digital table games and other sporting events, including horse racing. Overall, this is a small industry, with players such as MGM Resorts International, among others, which has sought to capture more consumer demand for gambling services by branching out into hosting online platforms. Other players in the sports betting segment are new, online-based endeavors, such as DraftKings Inc., which entered the industry in 2018. In 2020, the outbreak of the COVID-19 (coronavirus) pandemic is... Learn More
2024 Units *: 46.0
As a nearly brand-new industry, the Industrial Hemp Production industry is currently in a period of explosive growth. Hemp is the common name for cannabis sativa, a flowering plant used to produce marijuana. Industrial hemp, which has become synonymous with the name hemp, is a variety of cannabis that has only trace amounts of tetrahydrocannabinol (THC). With few exceptions, until 2018, hemp production was illegal in the US. However, the 2018 Farm Bill legalized hemp growing, on the grounds that the hemp grown have a THC content of less than 0.3% by weight. Upon legalization, the Industrial Hemp Production industry... Learn More
2024 Units *: 32.0
For decades, all marijuana transactions in the United States were conducted under implicit or explicit prohibition. States have increasingly moved to legalize marijuana for medical purposes, though, as well as to implement regulations for organizations that produce and distribute cannabis. The growing acceptance of medical marijuana is providing operators and investors with unprecedented opportunities. Furthermore, the federal government has signaled its tacit acceptance of these state actions. Consequently, the Medical Marijuana Growing industry is expected to experience annualized revenue growth of 13.8% to $1.7 billion in the five years to 2013.
Revenue growth did slow in 2011, though, due to aggressive... Learn More
2024 Units *: 28.0
The Solar Power Generation industry generates electricity from the sun, using either solar collectors (arrays of mirrors) or photovoltaic panels. The production of solar power expanding strongly, albeit from a low base. Output is expected to be about 848 million kilowatt hours in 2010, compared with 550 kilowatt hours five years earlier. Despite the strong growth, solar electricity production accounts for only about 0.02% of total US electricity output.
The industry is expected to earn revenue of about $57.98 million in 2010 compared with $45.40 billion in 2005, yielding average annual growth of 4.7%. The increase reflects higher levels of electricity... Learn More
2024 Units *: 27.7
The Hybrid and Electric Vehicle Manufacturing industry has expanded over the five years to 2011. Revenue is anticipated to grow 2.5% per year to $3.1 billion in the five years to 2011. High oil prices before and after the recession prompted consumers to purchase hybrid and electric vehicles at accelerating rates to stave off rising fuel expenses. Consumer tax credits for hybrid and electric vehicles also led to industry demand growth as more consumers could afford the industry's product (by letting consumers write off certain taxes associated with the purchase of a hybrid or electric vehicle). Rising environmental awareness among... Learn More
2024 Units *: 26.7
The Telehealth Services industry uses digital technology to deliver medical services and health education by connecting multiple users in different locations. Telehealth services include diagnosis, treatment, assessment, monitoring, communication and education. The industry includes a wide range of information, networking and digital imaging technologies, delivered primarily in three ways: videoconferencing, which provides real-time patient-provider consultations and provider-to-provider discussions; remote patient monitoring, in which electronic devices transmit patient health information to healthcare providers; and store-and-forward technologies, which transmit digital images, such as X rays, computerized tomography (CT) scans and video clips between primary care providers and medical specialists. Technology serves as... Learn More
2024 Units *: 25.2
For decades, all marijuana transactions in the United States were conducted under implicit or explicit prohibition. However, states have increasingly moved to legalize nonprofit marijuana growing for medical purposes, as well as to implement regulations for organizations that produce and distribute cannabis. The growing acceptance of medical marijuana is providing operators and investors with unprecedented opportunities. Revenue growth did slow in 2011, however, due to aggressive prosecution of medical marijuana growers and dispensaries by the Drug Enforcement Administration. This sort of intervention has increased uncertainty for industry operators, resulting in higher operating costs from legal fees and risk mitigation.
Luckily for... Learn More
2024 Units *: 24.7
The Wind Turbine Installation industry's volatile past five years masks the fact that demand for wind power has steadily increased. Indeed, over the past five years, installed wind power capacity in the United States has increased at an annualized rate of 27.8% to about 57,616 Megawatts (MW). Annual industry revenue, however, is dependent not on the gradual implementation of wind power over many years, but on the level of new wind farm construction in any given year. Consequently, revenue may increase or decrease dramatically in any given year. Smoothing out this volatility, industry revenue is expected to increase at an... Learn More
2024 Units *: 24.2
The Video Conferencing Software Developers industry is expected to expand rapidly over the five years to 2020. The industry's communications tools have increasingly become indispensable to the operation and continuity of large organizations, particularly large corporations. This trend has been encouraged by several key trends shaping the corporate landscape, including highly globalized work forces, work from home policies and flatter organizational structures. Additionally, the functionality and accessibility of video conferencing software has greatly improved as advancements have been made in both software and hardware during the period. This seamless functionality and greater degree of integration has popularized the unified communications... Learn More
2024 Units *: 23.6
The 3D Printing and Rapid Prototyping Services industry has leaped ahead in recent years, driven by rapid technological developments, falling costs and new applications for 3D printing technology. Over the five years to 2012, revenue is expected to grow at an average annualized rate of 7.2% to total $662.4 million. Industry revenue decreased 10.7% in 2009 due to recession-related declines in demand, but it bounced back in 2010 (11.6%) and 2011 (18.3%), as downstream markets recovered. Revenue is expected to grow 18.5% from 2011 to 2012.
The industry's fate is tied to the manufacturing sector. Most companies use 3D printing to... Learn More
Based on the expert analysis and our database of 1,300+ US industries, IBISWorld presents a list of the Biggest Industries by Employment in the US in 2024
VIEW ARTICLEBased on the expert analysis and our database of 1,300+ US industries, IBISWorld presents a list of the Biggest Industries By Revenue in the US in 2024
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