In this article, we will look at the 5 best industries to work in according to billionaires. If you want to read our detailed analysis, you can go directly to the 10 Best Industries to Work In According to Billionaires.
5. Cloud Computing
Commercial Opportunities as Per the Billionaires: 31%
Cloud computing is one of the best industries to work in according to billionaires and a top tech trend in 2023. Cloud computing has vast applications that involve the management and provision of virtual computing services such as analytics, storage, servers, and databases – to name a few. According to Precedence Research, the global cloud computing market was worth $480 billion in 2022. The global cloud computing market size is expected to reach $2.29 trillion by 2032, growing at a compound annual growth rate of 17%. Cloud computing ranks fifth on our list of the best industries to work in according to billionaires.
4. Healthtech
Commercial Opportunities as Per the Billionaires: 33%
Healthcare technology, or healthtech is the integration of the health industry with technology. Various technologies are being used in the healthcare industry including medical devices, algorithms, AI, IT systems, cloud computing, and blockchain, among others. According to Business Research Company, the global healthtech market is projected to be valued at $439.5 billion in 2023. The market is expected to reach $852.2 billion by 2027, exhibiting a compound annual growth rate of 18%. Healthtech remains one of the best industries to work in according to billionaires.
3. Big Data Analytics
Commercial Opportunities as Per the Billionaires: 44%
Big data analytics involves the process of understanding trends, patterns, and correlations in large raw datasets and transforming them into information. Big data analytics uses various statistical analysis techniques such as clustering and regression. According to Fortune Business Insights, the big data analytics market size is valued at around $307.52 in 2023. The big data analytics market is expected to reach $745.15 billion by 2030, growing at a compound annual growth rate of 13.5% from 2023 to 2030. Big data analytics makes it to the third spot among the best industries to work in according to billionaires.
2. Automation and Robotics
Commercial Opportunities as Per the Billionaires: 46%
Automation and robotics is ranked second among the best industries to work in according to billionaires. Automation uses various control systems for operating equipment including machinery and processes in factories. While, robotics involves engineering designs, construction, and application of robots. Robotic process automation integrates the automation with robots with the help of AI. According to Fortune Business Insights, the automation and robotics market is expected to be worth $13.86 billion in 2023. The automation and robotics market is projected to reach $50.50 billion by 2030, growing at a compound annual growth rate of 20.3% from 2023 to 2030.
1. Artificial Intelligence
Commercial Opportunities as Per the Billionaires: 65%
Artificial Intelligence (AI) is the fastest-growing industry and is also the best industry to work in according to billionaires. Applied AI and generative AI are opening new gateways for the tech sector. Artificial Intelligence (AI) has broad implications across every tech sector. According to Precedence Research, the global AI market was valued at $454.12 billion in 2022. The global AI market is estimated to grow to $2.57 trillion by 2032, exhibiting a compound annual growth rate of 19%.
You can also take a look at These 20 Countries Minted The Most New Billionaires in 2023 and 20 Highest Quality Olive Oil In The World.
