Every year in January, Inc. releases information that is important to entrepreneurs, which is industries that are ideal for starting new businesses. Here is their top 8 list:
#1 Recreational drone manufacturing - once the Federal Aviation Administration (FAA) finalizes regulations on drones, the drone manufacturing industry is expected to be hugely in demand.
#2 Virtual reality - you have no doubt already seen tv commercials about virtual reality. In 2016 alone, consumers are expected to purchase several million VR headsets.
#3 Robots/artificial intelligence - it's not just a movie anymore; more machines are being made to do what people do, like driving cars and collecting information for businesses.
#4 Food prep - developing kitchen devices that will help make the distribution of food more efficient is going to be huge, representing a good opportunity for food technology startups.
#5 Biometric scanning software - this refers to software that scans to identify people by scanning their fingerprint, eye and facial features. The biggest industries for this will be health care and construction.
#6 Fraud detection software - identify theft is a big concern, so software that identifies fraud will be in demand for companies that do business online.
#7 Wellness programs - companies are learning that keeping employees healthy is important for optimal production, so wellness programs that lower health care costs will continue to be in great demand.
#8 Renewable sources in building materials - renewable sources help reduce pollution and waste. Building materials using renewable sources and energy-efficient products will be in great demand for years to come.
Read more at www.inc.com/ss/best-industries-for-starting-a-business
