VoIP And Biotech The Industries Of The Future

Two industries expected to post remarkably rapid growth over the next decade are VoIP and biotech. Cable companies and voice providers including Skype and Vonage (NYSE:VG) are expected to damage revenue from the landline businesses of larger rivals including AT&T (NYSE:T) and Verizon (NYSE:VZ).

New research from IBISWorld predicts that accumulative revenue growth from 2010 to 2019 will be 150% while landline revenue will shrink 52%.

Biotech has been one of the hottest industries for several years now as engineered health treatments replace traditional pharmaceuticals, one of the major reasons that companies like Pfizer (NYSE:PFE) have shed employees.

Other growth industries during the next decade will include e-commerce and auction sites, a good sign for Amazon (NASDAQ:AMZN) and Ebay (NYSE:EBAY) and video games, which should help Nintendo, Sony (NYSE:SNE) and Microsoft (NASDAQ:MSFT).

Douglas A. McIntyre