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December 5, 2022

Five Top Industries For Job Seekers In 2023

If you’ve looked at the news recently, you’d be forgiven for assuming the world is on the brink of collapse. Inflation is up, and the markets are down—it’s a daunting time to be a job seeker. Yet despite the overall direction of the economy, plenty of businesses and sectors are thriving. If you’re set to […]

If you’ve looked at the news recently, you’d be forgiven for assuming the world is on the brink of collapse. Inflation is up, and the markets are down—it’s a daunting time to be a job seeker. Yet despite the overall direction of the economy, plenty of businesses and sectors are thriving.

If you’re set to look for a new position in 2023, consider targeting the five industries listed below for some of the best opportunities.

1. E-commerce

Does it really come as a surprise that the first entry on this list broadly belongs to the tech sector? We’ve watched the plummeting of physical retail and the high numbers of consumers turning online for convenience for a while now, and the pandemic accelerated the trend.

The number of people working in e-commerce and online auctions in the U.S. grew by 15% between 2017 and 2022. And while some wonder if the golden period of e-commerce growth is already over, I believe the data suggests otherwise.

According to Morgan Stanley predictions, e-commerce could reach 27% of global retail sales by 2026, compared to the 22% share it enjoys today. This is partly due to the potential for international expansion.

While online shopping has been largely embraced in North America and Asia, it’s relatively lagging in Africa, Latin America and Western Europe. As a result, international companies have plenty of room to expand worldwide—and they need workers to help them take advantage of the opportunities.

2. Cloud Computing

Since the pandemic, one of the biggest trends observed across pretty much every industry is digital transformation. Companies that were previously reluctant to embrace existing technologies such as remote work and automation were forced to adapt. And now that Pandora’s box has been opened, it doesn’t seem likely to be closed anytime soon.

When people think about this digital acceleration, they tend to immediately consider some of the more exciting or futuristic elements, such as artificial intelligence (which is actually the next entry on this list). But the “boring” behind-the-scenes technology is also incredibly significant, and this is where cloud computing comes in.

Now that more companies have embraced remote and hybrid working, they need technology that allows them to collaborate effectively. Cloud computing is essential for this because it syncs information and data between different computers instantaneously.

The cloud computing market is set to grow 15.7% per year between 2022 and 2030, which reflects the level of demand.

While many may assume that technical knowledge is required to establish a successful career in cloud computing, this isn’t necessarily true. Project managers, cybersecurity specialists, consultants and other professionals are needed to work alongside engineers.

3. Artificial Intelligence

Few technologies have been more talked about and hyped in recent times than artificial intelligence (AI). Organizations in practically all other sectors are adopting or considering the technology—from robots that can assist with surgical procedures to simple automation tools that can help businesses handle data entry and marketing.

AI also links with other emerging technologies, such as cloud computing and the internet of things (IoT). For instance, a supply chain company can use sensors to monitor items in a factory and add that data to a company-wide program on the cloud, and then AI can analyze the information to figure out if there are any potential issues.

No wonder the global AI market is set to grow 20.1% between 2022 and 2029. And with many new startups springing up in this sector, firms need professionals across all areas of business, from finance to marketing to customer service.

4. Healthcare

All the industries we’ve looked at so far have been linked to tech in some shape or form, but going digital isn’t the only way to boost your job prospects. According to predictions from the U.S. Bureau of Labor Statistics (BLS), employment in healthcare will grow 13% between 2021 and 2031—making it one of the most promising sectors in the country right now.

While many of the professions in this sector are technical roles like physicians and nurses, there are also plenty of jobs related to management or other business services. For instance, the median pay for a medical and health services manager (who directs and coordinates between different healthcare providers) is $101,340, and their job outlook is set to grow 28% during the same period—even higher than the average for the sector.

5. Hospitality

During the pandemic, there was hardly a worse industry to be in than hospitality, with many businesses left unable to operate and having to let go of their teams. But as a result, it’s now one of the areas with the best growth. Talk about a turnaround.

In the BLS’s projections of the industries with the fastest-growing wages and salaries, jobs in the leisure and hospitality sector made up seven out of 20 positions.

While many would associate the industry with service positions, there are also lots of opportunities for managerial and professional positions in the back offices of major hospitality companies. Why not take advantage of the boom?

Don’t let the doomsayers get you down.

As you can see, the opportunity is out there. Even as the economic climate looks grim in many ways, plenty of industries are thriving—if you enter the right sector, you’ll have all the reason to hope for a bright future.

Who knows, you could even play a role in bringing about the latest technological innovation in AI or cloud computing.

Article written by:  Orville Lynch, Jr.
Mr. Lynch, a member of the legendary two-time Ohio Civil Rights Hall of Fame Award winning Lynch Family. Mr. Lynch is a nationally recognized urban media executive with over 20+ years of diversity recruitment and serial entrepreneur with numerous multi-million dollar exits.
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