Special Report

The 10 Dying (and 10 Thriving) U.S. Industries

The Fastest Growing Industries

10. Fraud Detection Software Developers

Annualized revenue growth for the fraud detection software developers industry was more than 30% between 2009 and this year, the 10th fastest in the U.S. IBISWorld expects the industry to report 2014 revenues of $817.2 million. According to the Federal Trade Commission, there were more than 1 million fraud complaints last year, costing Americans more than $1.6 billion. In addition, numerous high-profile data breaches in recent years have likely increased the demand for fraud detection programs.

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9. Telehealth Services

The U.S. Department of Health and Human Services defines telehealth services as “the use of electronic information and telecommunications technologies to support long-distance clinical health care,” as well as education and administration. Since 2009, the industry’s revenues grew at an annualized rate of 30.7% to more than $320 million this year. Telehealth companies are expected to grow at annualized rate of nearly 52% through 2018, one of the most optimistic projections of any industry reviewed. In addition to making health services more accessible, telehealth programs are often preferred by patients who are otherwise unwilling or unable to visit a doctor.

8. Internet Radio Broadcasting

For many Americans, the Internet has become more accessible than traditional forms of broadcasting. The dramatic increase in smartphone use also means the Internet can now be accessed from almost anywhere. At one time, for example, car radios were a common source of news and entertainment. Today, near-ubiquitous smartphone use in vehicles has led car manufacturers to reconsider vehicle design to incorporate phones. According to Nielsen, legal U.S. audio streaming grew 32% in 2013.

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