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For the ambitious entrepreneur, there is an ever-growing list of exciting new sector opportunities to explore. Many of these, especially those with billion to trillion-dollar valuations, belong to growth industries, which are defined as sectors of the global economy that experience higher-than-average growth rate. These sectors host a high volume of new products and services that entice consumer demand, and many of them are often new or pioneer industries that were non-existent in the past decades.
From the rise of services and products enhanced by generative AI technologies to the attractive growth projections reported in sectors such as the Internet of Things, cybersecurity, robotics and even space technologies, growth industries have the potential to shape the future we will live in. A McKinsey report on future growth industries said that around 18 sectors are deemed to be transformative, with the potential to reshape the global economy, making revenues worth between $29 trillion and $48 trillion by 2040.
Take the longevity industry, which I operate in through Seveno Capital, for instance, which has taken a bold stance to meaningfully extend the human health span through holistic and scientific measures. This emerging sector, which has been projected to be worth trillions by 2030, has been grabbing headlines in 2025. This growth industry’s impressive projections is thanks to a realisation that a significant proportion of the current ageing population has a strong desire to live longer, fuller and healthier lives.
Visionary entrepreneurs are often keen to be early starters in these arenas, a strategic position which could result in significant market share capture and resulting revenue in the coming years. As an entrepreneur and investor who recently entered a high-growth industry myself, I would like to share five useful tips that entrepreneurs need to know about before they make the bold step forward.
Related: 5 Ways to Spot Trends Before They Explode — and Turn Them Into Growth
1. Know your industry
Entrepreneurs entering a growth industry should know the ins and outs of the sector and target regions, from the movement of the regulatory landscape to trends to discussions around ethics and social effects, especially where new technologies are involved.
Keeping up to date with reports on growth industry challenges and opportunities, such as ones produced by the likes of BCG and McKinsey, should be a high-priority item on the entrepreneur’s list of daily tasks.
More importantly, networking with other players within the industry through online forums, conferences and roundtable meetings is key to getting to know your sector.
To help you better understand the prospect of a growth industry, analyze past and present trends across multiple timeframes. See the big picture. Make sure that the highly valued stocks and sky-high valuations are part of a wider trajectory rather than being results of a short-term microtrend.
2. Future-proof your company
There is always risk involved when entrepreneurs enter a growth industry for the first time, so to prepare for this, you need to build a resilient ship that can withstand any storms in the form of market fluctuations and black swan events.
A few factors are important to do this. You have to create flexible business operations that could adapt and change to chan