When taking the numbers detailing the places in the economy with the biggest profit margins and those with the biggest forecasted growth, one ends up with a list of the most lucrative industries. That is exactly what this infographic sets out to do.
Investment services is number one when it comes to the biggest pre-tax profit margins with just over 16%, followed by dentist offices, credit card accreditation and accounting, tax preparation and similar services. It's interesting to look at those top four industries and point out that all but dentistry has to do with handling money in one way or another. A whole lot of money is made in the business of money.
The biggest forecasted growth is in home healthcare services, which is most likely in part due to the aging population of the baby boomer generation.
Fruitful Industry Projection Charts
This Infographic Details the Most Lucrative Industries
Trend Themes
1. Investment Services Profit Margins - Opportunity for disruptive innovation in investment platforms that offer lower fees and personalized investment strategies.
2. Home Healthcare Services Growth - Potential for disruptive innovation in technology-driven home healthcare solutions, such as remote patient monitoring and AI-powered caregiving assistants.
3. Credit Card Accreditation and Accounting Profit Margins - Disruptive innovation opportunity lies in developing advanced fintech solutions that streamline credit card accreditation and accounting processes, reducing costs and increasing efficiency.
Industry Implications
1. Investment Services - Opportunity for disruptive innovation in digital investment platforms, robo-advisors, and AI-powered portfolio management.
2. Home Healthcare Services - Potential for disruptive innovation in telemedicine, virtual home healthcare services, and AI-assisted personalized care.
3. Credit Card Accreditation and Accounting - Disruptive innovation opportunity in developing blockchain-based credit card accreditation and accounting systems for enhanced security and transparency.