Posted on 03/30/2013 12:55:57 PM PDT by SeekAndFind
New tech industries start small but can grow into permanent, billion-dollar slices of infrastructure. Sometimes that seems to happen overnight — like with smartphones.
And sometimes it takes years — like with the dumbphones that grew like mold from the mid-1990s through the late 2000s.
And now, for example, the prevalence of smart mobile devices has spurred the mobile app industry, an entirely new piece of infrastructure which supports thousands of companies and billions of dollars in sales.
There is a discussion going on over on Quora about which industries are poised to gain the next $1 billion.
We pulled out a few of the most interesting and explored why they're set to explode.
1) Mobile Payment Services are poised to bring thousands of businesses into the 21st century.
Mobile payment services like Square, Intuit's Go Payment and PayPal Here allow users to accept payments virtually anywhere that there is a cell signal.
As of late 2012, Square was valued at roughly $3 billion.
The industry is still in its infancy but as time goes on we expect this to become one of the next biggest markets.
2) Near Field Communication (NFC) promises frictionless information sharing.
NFC allows smartphones and other mobile devices to exchange information by passing them close together, typically in a sales transaction scan.
But the technology (which uses a wireless or Bluetooth connection) could be used to exchange any amount or type of data between individuals who need to meet face to face and transfer information assets, for instance in video games or in social media.
(Excerpt) Read more at businessinsider.com ...
I would add ONVO and ORB as possibilities as well.
I thought that DNA testing and screening technologies would have, at least, made the lower part of the list. With the way Gubmint is racing towards achieving the Brave New World paradigm it will be a huge industry. And a huge concern/problem.
Interesting
I just bought some ONVO. I was going to buy some DDD but I thought XONE would post not so good earnings and DDD would go down a bit. I was wrong, that’s what I get for trying to time the market. I’m hoping it will go down a little soon.
Ping
Bookmark for later.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.