The U.S. business economy is slowly seeing normal. But what exactly is “normal” post-COVID? And which industries are most likely to rebound?
Travel, eating, and entertainment businesses have all been negatively affected by the pandemic. And there is plenty of negative reinforcement from social media platforms such as TikTok.
Other areas, such as small business technology, have had to deal with lockdowns and work-from-home rules. Meanwhile, a lot of people want to learn online.
But, in the New Year, will these trends continue?
According to the SBA’s latest small business profile, the U.S. has approximately 31.7 million firms employing 60.6 million people. More firms are employing in 2022, despite the COVID-19 epidemic decimating small enterprises throughout the nation. The unemployment rate has consistently declined from 13% in the second quarter of 2020 to 5.2 percent presently.
We don’t have a crystal ball to predict the future, but we know which companies individuals will start. So which U.S. small enterprises will thrive in the future? Listed below are the top five business and industry trends for 2022.
Popular Markets Post-Pandemic
A year of lockdowns, distant schooling, and remote work has sparked demand for travel, eating, and entertainment. Vaccines, better medical treatments, a greater knowledge of the coronavirus, or simply population exhaustion have boosted demand for companies and services damaged worst by the epidemic.
The possibility to plan trips, dine out, and seek amusement beyond television programs and movies streamed from home arose naturally once the light at the end of the tunnel was seen. As a result, in the future, the following top 10 small business sectors will experience revenue growth:
- International Airlines 61.3%
- Motels and Hotels 57.8%
- Casino Hotels: 57%
- Cinemas: 56.3%
- Operators: 53.3%
- Aer Lingus 50%
- Travel Agencies: 48%
- Concert and Event Marketing: 45.2%
- Taxi and Limousine: 42.8%
- Water Parks: 42.1%
It’s apparent that the firms hit the hardest by the epidemic are ready to bounce back.
While the percentage increases indicated above are temporary, they represent the reality confronting this industry and enterprises. Ski resorts, car engine and parts manufacturing, medicinal and recreational marijuana, and real estate sales and brokerage were among the enterprises that enjoyed considerable growth.
Also, CNBC just revealed their ranking of the top states for business. The ranking of states takes into consideration factors including infrastructure, workforce, capital availability, and business costs. Among the best states for business, CNBC lists:
- Virginia
- North Carolina
- Utah
- Texas
- Tennessee
Business Ideas, Trends, and Predictions for the New Year
Now that we know what worked in 2020, we can plan for next year. What will be the top five industries in the U.S. in 2022? Where should you focus your business?
Adoption of New Technologies
Who hasn’t utilized Zoom, GoToMeeting, or Microsoft Teams this past year? As a result, new technology has entered millions of homes and companies for work, education, or to keep connected, and the advances are set to continue.
The genie is out. The horse is out of the barn. (Or is the toothpaste gone?) Therefore, people will constantly want faster data and network speeds. Similarly, we will need it to fulfill rising demand, and now is the time to join this digital boom. Some of the top tech occupations in 2022 include:
Web Admins
This position builds the code that powers millions of websites that power global eCommerce. In other words, a web developer’s function might range from client-facing work on-site design and features to back-end work with databases and networks.
Developers
A software developer creates computer programs and millions of mobile applications. Mobile app developers are showing the fastest-growing occupations, with a predicted 22% increase over the next decade.
Analysts (CS)
Computers, processes, and procedures are the emphasis of this function. Accordingly, they depend on IT to handle client demands and guarantee a company’s digital needs are satisfied.
IT Security Analysts
These people defend enterprises against cyberattacks. Above all, they safeguard and monitor a company’s computer network.
Data Managers
This employee organizes data. They ensure database information is safe and efficient.
AI and ML Growth
Smartphones and other smart gadgets are one example of how AI is influencing our lives. Smart automobiles will navigate the streets using AI systems. Whether you work in customer service, human resources, or even AI-powered applications, AI is meant to help. Among the new roles AI will perform in 2022 are:
- Cybersecurity
- Trends and Business Forecasting
- Healthcare Help Desk (Chatbots)
- Voice Recognition and Search
Entrepreneurs want location independence as digital nomads. As a result, working as a digital nomad was a rising trend in 2019 and will continue in 2022.
According to the Harvard Business Review, there will be 10.9 million digital nomads by 2020. This is a 49% increase and is anticipated higher growth.
Similarly, many businesses, particularly millennials, value flexibility, and geographical freedom. That is to say, these digital nomad enterprises are ideal for knowledge jobs like consulting and freelancing.
As the world shifts away from office occupations, new technological tools such as productivity applications, collaboration software, and communication channels allow knowledge workers to work almost anywhere.
Digital Nomads May Run Numerous Sorts of Businesses
Freelance in coding, programming, writing, graphic design, marketing, and other fields. Likewise, provide personalized knowledge and assistance in areas of extensive experience and understanding. For example, make money from a website or blog through affiliate marketing or advertising. Sell an information product like a course or an ebook using a well-known site like Fiverr, TaskRabbit, Upwork, or Toptal. In conclusion, there literally are no limits as you move into the New Year.
