The term millennial isn’t exactly discussed with much positivity these days, but it should be. Millennials are not the “lazy generation” as the media portrays, they are actually ushering in a new era of employment, along with fresh ways of tackling the work week.
The hotly debated generation now have outreach across a number of major industries, as they’re even taking traditional sectors in a new direction. The following takes an in-depth look at five booming industries that millennials are flooding towards in 2018.
Crypto and Blockchain
Nothing - and we really do mean nothing – has commanded more attention in investment circles lately than cryptocurrency and blockchain technology. The sheer mainstream appeal has created a massive industry made up some pretty ground-breaking projects.
Blockchain is now being implemented in businesses around the globe, as it works to streamline operations – especially in companies that have strong database management requirements. You also can’t ignore the blossoming ICO market, with new projects springing up seemingly every week.
As the industry expands and the market for crypto and blockchain projects booms, this depend for millennial workers will only increase.
Online Gaming
Hot on the heels of the cryptocurrency and blockchain industry is online gaming, which also carries a crypto twist these days – especially when it comes to deposits. Long gone are the days of gambling being exclusive to land-based casinos and dodgy backstreet arcades, thanks to the Internet it’s now a global industry that’s worth billions.
What’s probably most impressive about the industry is that it calls for both cutting edge and traditional skill sets, so the door really is open to millennials from pretty much all backgrounds.
It’s also worth noting that the sector is making a shift towards remote and freelance workers, which will aid anyone looking to work in an industry that provides a more flexible work-life balance.
According to David Jansen, an online gaming expert writer on playright.co.uk, the online gaming industry continues to grow and attract talent.
eSports
From gambling to a more straight-laced form of gaming – eSports is now expanding well beyond its Far Eastern roots. For years, South Korea and Japan played host to huge money eSports tournaments, much to the confusion of the rest of world.
Now, with online gaming being so accessible, companies like Twitch (which was recently purchased by Amazon for a staggering $970 million) have turned it mainstream across North America and Europe.
Since Amazon acquired Twitch the NCAA announced that it would analyze the collegiate eSports landscape to determine if it should have a supporting role in the space.
This is on top of major professional sports leagues and clubs launching eSports tie-ins. eSports is slowly becoming one of the hottest up and coming sectors, so it’s certainly something that job-seeking millennials should look into.
Web Development
It’s crazy to think the internet was once labelled as a “fad,” these days the world would crumble without it. Considering that millennials are native to the digital era, having seen the world before and after the introduction of email, they have become attuned to what constitutes innovation.
Most also carry tech-savvy skills, such as coding, graphic design knowledge, and content management, all of which fit perfectly within the field of web development. The number of web development firms around has grown massively in recent years, which is why we’re seeing a large number of millennials flock to the field.
Health and Fitness
For years, the health and fitness sector was dominated by QVC-inspired products and shady gym memberships, but not anymore. There is now a health and fitness revolution taking place around the world, and millennials are the ones behind it.
New age gyms are tied to the digital revolution through apps and fitness trackers, while working out at home has never been any easier or more acceptable. This is to say nothing of the growing health foods industry, which has become a juggernaut sector that’s worth billions.
You can also include the growth of athletic apparel in the equation too, which has boomed since becoming a true global phenom during the early 2000s. Whichever way you look at it, health and fitness is a booming industry that millennials just can’t seem to get enough of.
The Millennials Make a Mark!
The word millennial should by no means be spoken with bated breath in 2018, as they are changing the face of many leading sectors.
The above are five industries that are attracting millennial talent in huge numbers, but that truly is just the tip of the iceberg. In the years to come, expect both traditional and non-traditional sectors to be boosted by the growing “millennial influence.”
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