5 Sectors Set to Boom in 2018
Are you launching a new business in 2018? One of the best ways to make a success of your start-up is by choosing a promising market sector. This year, 6 sectors have already put their hat in the ring. Pick wisely…
According to the recruitment company Indeed, 10% of all jobs created in the UK were within the tech industry in 2017. This shows the need for more specialists and tech-whizzes.
However, with this worldwide dependency on computers comes more cyber-related crime. An increasing number of cyber specialists are required to deal with the problem. News role emerge every day. Software analysis, data science and artificial intelligence (AI) are all leading jobs in this industry. And, with AI devices on the rise who knows what the roles of the future will hold.
2. Digital Media
Advertising continues to thrive. Thanks to the growing importance of a business’s online presence, the advertising industry has taken new directions in recent years. Moving from traditional forms of marketing, to the increasing use of social media and digital content.
The use of digital media is blossoming, with new jobs and roles constantly available. Content creation and digital advertising is clearly the future. And reports suggest that digital media is set to grow by up to 4.8% in 2018, with a whopping £19.8 billion in client investments.
The space race may be long gone, but this sector produces out of this world funds. According to UK Space, satellite technology continues to improve communication, media and ultimately the UK economy. In fact, they suggest that the UK space industry adds an astonishing £7 billion to the economy.
A sector with a wobbly past, due set backs and economic recessions, is flourishing again. The thriving construction industry is due to the government’s calls to build 1 million new homes by 2020.
With a demand for housing across the country, this boom isn’t just limited to the capital. Future projects are set in motion, which means there’s more certainty with employment in this industry.
Alongside this boom in construction is the parallel thriving engineering sector. Particularly civil engineering, which concentrates on both the public and private sector.
The acknowledgment of the importance of this industry is crucial to tackle the lack of STEM graduates. To improve the talent pool, even famed engineer Sir James Dyson is investing £15 million into the Dyson Institute of Technology to “plug the engineering skills gap”.
Does your sector need some help?
No matter what sector you’re in its important to have your finances in order. That’s where UWM Accountants can help. With over 30 years’ experience we offer stress-free accounting for every industry. Based in Leeds, we enjoy helping businesses grow and can offer expert knowledge across the board.
Get in touch today to talk about your company and see how we can help.