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Topics: Industry News
Small business owners hoping to maintain or expand their financial success into and beyond 2018 might do well to keep a finger on the pulse of current business trends. Whether you’re considering ideas for the best small business to start or you’re wondering about the most profitable small businesses, it’s clear that there are several industries making great leaps and bounds right now.
Here’s a list of the fastest growing industries for small business in 2018 from the team at AmTrust Financial:
Between enhanced retail technology use and the growth from the cloud to more tailored microservices, cybersecurity and security infrastructure will change greatly throughout the year. Blockchain technology is likely to take off this year in the more mainstream, since it offers a virtually impenetrable security network that can perfectly handle huge amounts of data. Between online currencies and IoT, there are an abundance of applications, with many more yet undiscovered.
Identifying the fastest growing industries for small business in 2018 can be a huge step in future planning for managers, business owners, and decision makers. But what do these three really mean for your business? You can expect to see a lot more digital services that go beyond social media and mobile phones. Technology is disrupting industries that have traditionally been lo-fi. Small businesses who want to get in the game or make major change in 2018 might do well to invest in these areas this year – or at the very least, plan around them.
It seems nearly every innovative change coming to small businesses in 2018 is technology related. To protect your digital assets, you’ll want to invest in some high quality, high coverage cyber liability insurance. Learn more about Cyber Liability Coverage from AmTrust now. Then, contact an AmTrust appointed agent.