IBISWorld Predicts VoIP Industry a Bright Spot Amidst Economic Downturn
Research firm IBISWorld released a report today with their predictions for the best performing industries of 2009, and they predict annual revenue growth of 20% for “Voice Over Internet Protocol Providers”.
IBISWorld Press Releases
FOR IMMEDIATE RELEASE 30/03/2009
Top 10 Biggest Recession WinnersIBISWorld Announces Industries To Perform Best in 2009
LOS ANGELES – March 30, 2009 – The recession is crippling businesses across the nation, but several industries will remain unscathed by the current economic strife, according to recent Recession Updates published by industry research firm IBISWorld. As one of the nation’s most respected independent publishers of business intelligence research reports, IBISWorld today announced the top 10 industries expected to have the largest revenue growth in 2009:
S.no INDUSTRY REVENUE GROWTH 2009 (percent)
1 Voice Over Internet Protocol Providers (VoIP) 20.1
2 ecommerce & Online Auctions 12.6
3 Biotechnology 10.3
4 Engine, Turbine & Power Transmission Equipment Manufacturing 10.0
5 Scheduled Bus Service 9.2
6 Court Reporting Services 7.7
7 Community Housing Services 7.5
8 Search Engines 6.5
9 Family Counseling 6.1
10 Video Games 5.8*Full research reports for these industries are available upon request
“Emerging industries remain well represented and continue to benefit from technological innovation and cost advantages,” explained George Van Horn, senior analyst with IBISWorld. “Unfortunately, the impact of the recession is equally pronounced among sectors directly benefitting from the social and financial stress associated with the downturn.”
While only five percent of all U.S. industries are fortunate enough to be positively impacted by the recession, IBISWorld research estimates that nearly 60 percent of all industries are negatively impacted or worse (depicted in the chart below)
