2015’s Hottest Industries for Tech

Starting a new business is an exciting prospect — and a daunting one.

It ’s easy to be intimidated by

bleak statist ics, where 8 out of 10

new businesses fai l within the f irst 18

months.1

BUT . . .

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Although it ’s easy to get discouraged by

scary stats, there are many industries where business is booming.

Before you take the leap, consider these

top 10 tech industries for 2015 .

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1. Internet of Things Thermostats that learn your habi ts , secur i ty systems contro l led v ia smar tphone, b iometr ics that t rack heal th & wel lness: th is is the Internet of Things. I t inc ludes any device that t ransmits data over a network.

Projected growth: Wi th an est imated 26 bi l l ion uni ts insta l led in the next 5 years,2 the industry is expected to generate $14.4 tr i l l ion net prof i t between 2013-2022.3

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Educat ion is embracing onl ine c lasses, tu tor ia ls , help centers & t ra in ing programs for pre-K — higher ed.

Projected growth: The industry boasts a 4.4% annual growth rate; c loud-based learn ing solut ions are especia l ly popular wi th a 9% growth rate.4

2. Education Technology

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3. Mobile Apps

Addict ive games, socia l apps, & business tools have been hot for years, and the industry shows no s igns of

s lowing i ts upward t rend.

Projected growth: Global spending is expected to h i t $35 bi l l ion in 2015.5

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4. Wearable TechSmar twatches, smar t c lothes, augmented

real i ty g lasses: wearables moni tor everyth ing f rom our s leep cycles to our

dai ly appointments, keeping a weal th of in format ion at our

f inger t ips.

Projected growth: The industry is expected to grow 40.8% annual ly,

becoming a $5.8 bi l l ion industry by 2018.6

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5. Business Apps

As mobi le devices over take laptops as business tools , c loud-based apps that help people work on the go & connect to

remote col leagues are increasingly popular.

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Projected growth: Gar tner predicts Enterpr ise sof tware spending wi l l grow 7.3% in 2015 to reach $344 bi l l ion . 7

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6. Mobile HealthAs the demand for affordable and accessib le heal th care grows,

mobi le devices & wire less technology suppor t medical care in around the globe.

Projected growth: The mHeal th market is expected to quadruple over the next f ive years, f rom $14.5 bi l l ion in 2015 to

$58.8 bi l l ion in 2020.8

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7. Automated Guided Vehicles

Machines that automate warehouse logist ics, l ike robots f i l l ing orders or prepping shipments, make businesses more eff ic ient .

Projected growth: The global market for industr ia l robot ics is expected to reach $32.8 bi l l ion in 2017.9

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8. Data Protection & Recovery

Mobi le devices now outnumber humans.10 Wi th so much data generated dai ly, there ’s h igh demand for companies that ass is t

cr iminal invest igat ions, recover lost /corrupted f i les, or protect data f rom i l legal access.

Projected growth: The cyber secur i ty market is est imated to grow 10% annual ly, f rom $95.60 bi l l ion in 2014 to $155.74 bi l l ion by

2019.11 Wrike.com Where Work Gets Done.

9. Big Data AnalyticsIn order to act on mounta ins of consumer data, more

companies turn to analyt ics serv ices. As the Internet of Things industry grows, an Analyt ics of Things market wi l l a lso appear.

Projected growth: The industry is forecasted to reach $125 bi l l ion wor ldwide in 2015.12

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10. Mobile PaymentsMobi le devices are now fu l l -on mul t i - too ls , and serv ices l ike Venmo, Apple Pay, Square Cash, & others are capi ta l iz ing on the convenience of d ig i ta l payments.

Projected growth: Mobi le-based payments in the U.S. are predicted to grow f rom $50 bi l l ion today to $142 bi l l ion in vo lume by 2019.13

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Click for must-read startup advice

Vis i t the Wr ike blog for the t ips you need to help your business f lour ish:

7 St rategies for Funding Your Star tup

Avoid ing the Most Common Reasons Star tups Fai l The Ul t imate L is t o f Legal Resources for Star tups

Ready to grow your startup?

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Wrike.comSources: 1. www.forbes.com/sites/ericwagner/2013/09/12/five-reasons-8-out-of-10-businesses-fail/ 2. http://www.gartner.com/newsroom/id/2684616

3. http://postscapes.com/internet-of-things-market-size 4. https://www.docebo.com/landing/contactform/elearning-market-trends-and-forecast-2014-2016-docebo-report.pdf

5. http://www.statista.com/statistics/236519/global-spending-on-mobile-apps-since-2009/

6. http://globenewswire.com/news-release/2014/09/19/667176/10099303/en/Global-Wearable-Technology-Market-to-Be-Worth-US D-5-8-billion-by-2018-Transparency-Market-Research.html 7. http://www.gartner.com/newsroom/id/2783517

8.http://www.statista.com/statistics/295771/mhealth-global-market-size/ 9. http://www.roboticsbusinessreview.com/pdfs/SupplyChainRBR_B.pdf 10. http://www.techtimes.com/articles/17431/20141008/mobile-devices-now-outnumber-humans-report.htm

11. http://www.marketsandmarkets.com/PressReleases/cyber-security.asp 12. http://www.forbes.com/sites/gilpress/2014/12/11/6-predictions-for-the-125-billion-big-data-analytics-market-in-2015/ 13. http://bits.blogs.nytimes.com/2014/11/17/u-s-mobile-payments-market-to-boom-by-2019-research-firm-says/?_r=0