Short of ideas on starting your business? Why not get some inspiration from this article

You want to start your own business, but don’t have an idea which sector will bring most success to you? Today’s economy is going through a recession, yet there are industries that have been indicating growth in the past few years. Most of them have low barriers of entry, especially the fragmented industries with no particular market leader, so it becomes easier for newcomers to put their foothold.

Of course, another reason would be the high demand they experience. It is safe to say that due to large number of economies fathered by the Web and thanks to the clues on some of the drivers that signify stable economy, recovery mode is going slowly but surely for some industries.

So if you are looking for a new field to start your venture, invest or just gain deeper understanding of, we outline briefly some of them that we think will continue to exert influence over the next decade.

Green contracting & alternative energies

Green contracting and building market has been experiencing considerable growth recently. People start paying attention to home efficiency and maintenance due to the increased usage of petrol and energy. Governments have been increasing their focus on environmental initiatives and have been aiming  more at spreading awareness of the advantages of sustainable development and global energy saving. Companies that choose to go eco-friendly are also likely to benefit in the long run and ensure an economical stand.

Social network game development

Social networking and app development, also called Voice Over Internet Protocol, will continue to spread and offer opportunities for start-ups. A new survey from Nielsen found that 30% of mobile users spend their time on social networks. According to a report from IBIS World, the social network gaming industry has grown an average of 128% annually since 2002 and is expected to grow with 25% on average over the next 5 years. Thereafter, hiring yourself a good coder could make you the new Farmville or Words with Friends creator.

Online shoe sales

Shoes selling online has dominated this generation of e-commerce according to Nielsen report on ”Consumer packaged goods, customers are most likely to buy online in 2013”. It seems like liberal return policies and lack of personal time for shopping, have overcome the initial resistance to buying online and now the market has been growing 16% an year on average according to Forbes.

3D printing

After a considerably slow start, the 3D printing industry today is catching up with constant increase in production – a growth by 49 % is expected this year to reach 56,507 units and by 75% in 2014 (98,065 units), according to analyst Gartner in a new report. Although you might read bad reviews on the web complaining about the low quality of some 3D printed purchases, the market is rapidly maturing and organizations are going towards exploiting its potential in their product development and manufacturing operations.

Cost cutting-third party administrators and agencies

Third party agencies, administrators, insurance claim adjusters, accountants and recruiting companies have all been experiencing growth as private and public organizations have admitted to outsource their work as an alternative to hiring employees in their attempts to save costs.

Consumer care technologies

The level of funding from governments in health care technology has been increasing and the field is expected to grow by 18 % between now and 2016, according to US Bureau of Labor Statistics. It is easy to enter the market for entrepreneurs although finding fluent experts in the industry might be difficult.

Handmade and vintage goods online

The handmade and vintage goods industry is thriving in the recent years as more and more enthusiasts with not much experience decide to sell mostly online. Online stores are especially growing in jewelry design and vintage clothing. Many people decide to earn extra income by using well known independent merchants such as eBay, Etsy and Amazon for buying wholesale and re-selling to other customers. The industry has remarkably low barriers of entry- all you need is a Paypal account, a nice website or social presence and you are ready to start your business.