Most Unexpected Businesses to Thrive in 2021
Certain fields have recently experienced tremendous growth, which has led to the belief that they will continue to do so in the year to come. Major industries, such as healthcare or technology, have always been at the forefront of global development. However, there are some smaller industries that have sparked people’s interest.
DIY activities of all sorts, including gardening and home repairs and upgrades, have been on the rise this year, with many people choosing this option over paying for professional help. In May, garden centres and DIY shops led the 12% rebound in retail sales. Moreover, according to Market Research Future, by 2025 the market is expected to reach $105.53 billion at an annual growth rate of 4.2%. Making the most out of limited space in the home is everyone’s dream and the trend of turning a small area into somewhere cosy is not going to go anywhere any time soon.
It is predicted that by 2021, mobile will have a share of 59% of the gaming market. This is due to its accessibility and worldwide availability, which make this industry highly competitive. Online casinos know this and are using it to their advantage, making sure to offer mobile-optimised browser games, as well as apps. Moreover, the industry knows how to keep people engaged by offering a variety of different games, from slots and poker to sports betting, all in one place. Players are attracted by incentives, such as no-deposit free spins or welcome bonuses, with access to comparison websites that guide them through all the bonuses available for various online gambling platforms and types of games. Taking into account its increasing number of users, there is no reason for this industry to slow down.
Dating apps have been incredibly popular this year, with a surge in downloads and interactions registered for apps such as Tinder, Hinge and Bumble. Tinder even had a record number of swipes worldwide on March 29th, at three billion matches. One of the reasons people find these apps so attractive is their accessibility and ease of use. Before going on a real-life date, the two can figure out if it is even worth meeting up in the first place. It is predicted that, by 2035, more people will have met their partners online than in real life, proving the world is heading towards digital in the ‘love’ area too.
Online learning resources are not meant just for students, but for anyone looking to master a new skill. Duolingo, the most popular language-learning app, saw a 148% increase in sign-ups in the US. Another skill people have been pursuing this year is cooking. Virtual workshop platforms invited top chefs, including Gordon Ramsay, to teach and entertain viewers interested in this activity. MasterClass, which is one such platform, has reached a valuation of $800 million. Thanks to these apps and platforms, people have seen how easy it actually is to master a new skill and e-learning companies are going to continue to provide better services and therefore grow.
This article does not necessarily reflect the opinions of the editors or management of EconoTimes