Investing

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Best Industry Sectors To Invest In Now

With the exponential growth in technology, there are changes in industry trends. Some industries have taken a plunge, and other are aiming at the sky. In this article, we are going to discuss some of the best industry to invest in now:

1. Wind energy

8iosaerrgterg435tg45Wind energy is becoming more popular because it is not expensive to produce. Studies indicate that the amount of wind-produced energy has quadrupled since the year 2000, wind energy accounted for about five percent of all the electricity that was produced in the United States. Pundits are categorical that the number is poised to increase.

2. Software and services

The proliferation of technology means that the need for software and services. Ranging from virtual reality, internet of things, and much more, the software industry is a new frontier for smart investors

Virtual reality is a popular term used to refer to computer-generated 3D images which simulate the real world. It is an interesting concept in addition to being an area with a lot of potentials.

According to Deloitte Global, a professional services firm, virtual reality is likely to turn into a billion dollar industry in the year 2016, with hardware sales comprising the bulk of that total. Content sales will account for about $300 million. One of the biggest players in virtual reality is the video game industry, but, as per architecture and health care, thus, bringing more business to the sector.

Internet of things, on its part, is a technology that supports the exchange of data on a network between physical objects such as devices, buildings, vehicles, etc. it is undoubtedly a hot growth area, and its growth is poised to continue beyond 2016.

3. Retail is one of the best industry sectors to invest in now

This year alone there has been witnessed the reduction of oil prices and borrowing interest rates, and that development means that businesses in this sector are likely to produce excellent results for investors in the sector because consumers will have a lot of money in their purses to use on discretionary items

4. Healthcare industry

fwe8y9uirsdreThere are some factors which predispose the healthcare industry to be one of the hot places investors can place their money. First, it owes it to the fact that the number of lifestyle ailments is on the rise. Secondly, in the recent past, developed countries such as America have been contending with an aging population- thus a rising demand for specialized care for aged or physically disadvantaged persons.

It is worth noting that there are a number of other areas, out the listed areas, that comprise the best industry sectors to invest in now.