7. Men’s & Boys’ Apparel Manufacturing

Men’s and boys’ apparel manufacturing has been on the decline for some time, largely due to outsourcing to low-cost nations overseas. The industry’s expected revenue of a little more than $1.1 billion this year is about half the 2009 revenue, a 12.5% annualized decrease. The number of Americans employed in apparel manufacturing more broadly has also fallen steadily for over a decade. There were nearly 300,000 employees at the beginning of 2004, versus less than 150,000 at the same time this year.

6. DVD, Game & Video Rental

In-store video and game rental has been a declining industry for years. Perhaps no better example of this exists than Blockbuster, which at one time had more than 9,000 stores, according to MarketWatch. Blockbuster filed for bankruptcy in 2010, was acquired by DISH in 2011, and last year closed its remaining 300 stores. With the emergence of online streaming services such as Netflix, Amazon Instant Video, Hulu, and HBO GO, in-store rental industry revenues fell at an annualized rate of more than 14% from 2009 through 2014, a decline that is only likely to accelerate in the coming years, according to IBISWorld.

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5. Data Recovery Services

Data recovery services may be made obsolete by cloud storage. The industry declined at an annualized rate of 15.5% from 2009 through 2014, as companies could increasingly store their data in cloud-based systems from Amazon, Rackspace, Google, and others. Such cloud services also helped shift the responsibility for data protection and recovery away from the individual companies to the storage companies. IBISWorld notes that “as options for data recovery and data loss prevention or backup have expanded over the past five years, demand for industry services has declined.” Companies such as VMWare and Amazon Web Services now tout cloud-based disaster recovery services that protect against a loss of data.