When balancing an investor portfolio and looking for new opportunities, it\u2019s always a good idea to invest in fast-growing stocks that show a lot of promise. The problem, however, is that going after \u201cfast-growing\u201d often means backing new or unknown companies, which is risky. The better idea is to take a long-term approach, instead focusing on an entire industry as opposed to particular companies, stocks or startups. Initially, this happens by researching prospective sectors to find a promising one on the rise, with plenty of support behind it. Then, it\u2019s on to exploring some of the players in the market to find the most promising stocks in regards to value. Here are several fast-growing and incredibly promising industries one should consider investing in over the coming year, with analytics to show for their promise: <\/p>\n
In the U.S. alone, legal marijuana held a worth of $10 billion in 2017. Experts project that number will skyrocket by 2026, reaching at least $50 billion. Again, that\u2019s just the United States, as both Canada and Mexico also honor marijuana use legally. Canada, of course, takes that a step further by allowing recreational marijuana<\/a>. It is a relatively new industry, both untested, unproven and with a lot of mystery behind its progress and growth. But that doesn\u2019t necessarily mean it\u2019s a bad investment, instead quite the contrary. From growers to dispensaries and distributors there are so many different players in the space making opportunity near endless. It will even be backed by modern agriculture, as marijuana plants need suitable space and nutrients to grow \u2014 Scotts Miracle-Gro (NYSE:SMG), for example, offer products to improve crop yield. Other companies to keep an eye on include New Brunswick-based OrganiGram Holdings (NASDAQOTH:OGRMF<\/em>), Kush Bottles (NASDAQOTH:KSHB<\/em>), MadMen Enterprises (NASDAQOTH:MMNFF<\/em>), and Aurora Cannabis Inc. (OTC: ACBFF). <\/p>\n Cloud computing or software-as-a-service solutions<\/a> have seen considerable growth in recent years, as more companies come to understand the benefits of working with a third-party service provider<\/a> as opposed to running everything in-house and on-site. According to Cisco\u2019s Global Cloud Index<\/a>, by 2021 cloud data centers will process 94 percent of all compute instances and workloads, while only six percent will process by traditional data centers. Salesforce (NYSE: CRM) and Zendesk (NYSE: SEN) both see remarkable numbers right now regarding annual growth. Of course, they only represent two of the most prevalent companies in the space, out of hundreds total \u2014 if not thousands. It\u2019s a good place for those who want to invest in future-proof technologies. <\/p>\n Believe it or not, now is the perfect time<\/a> to invest in the oil and gas market due to a \u201cnatural decline\u201d or shortage of supply. An upcoming yet dramatic shift in demand, especially within developing countries, will push the value of oil and gas stocks higher than ever before. IEA claims you might even \u201cdouble current capital investments\u201d as a result. Some worthy investments include Transocean LTD (NYSE: RIG), National-Oilwell Varco Inc. (NYSE: NOV) and Devon Energy Corp (NYSE:DVN). <\/p>\n Thanks to artificial intelligence, machine learning, cheap semiconductor solutions and connected technologies like as IoT and IIoT<\/a>, we see incredible growth in the robotics sector. According to Loup Ventures Research, the industrial robotics market expects to leap at a rate of 175 percent<\/a> over the next decade. Many companies and organizations look to automate operations, not just to boost efficiencies and lower costs but also to push output levels to its limits. Not to mention, several industries have since discovered the power of robotics including manufacturing and development, medical and retail. Some promising players include Intuitive Surgical (NASDAQ: ISRG) for reliable surgical equipment, and iRobot (NASDAQ: IRBT) for consumer-grade robotic vacuums \u2014 think Roomba. <\/p>\n2. Software-As-A-Service<\/h2>\n
3. Global Oil and Gas<\/h2>\n
4. Advanced Robotics<\/h2>\n
5. Artificial Intelligence and Machine Learning<\/h2>\n