Companies in these sectors may not sound very exciting, but they experienced astronomical growth in 2017.
In the business world, new and sexy doesn't always mean lucrative.
It was companies in older, established industries--health, along with
logistics and transportation--that achieved astronomical revenue growth
in 2017, according to the Inc. 5000 list of the fastest-growing private
companies in the U.S. While the list represents only a fragment of the
businesses and startups operating in the country, it does highlight
which sectors are experiencing massive returns.
For example, businesses in the health industry booked a combined $36.3
billion in revenue in 2017, making it by far the biggest industry on
this year's list. At No. 9 on the Inc. 5000 this year, Scientist.com was
the top company in the category. The Solana Beach, California-based
startup is an online marketplace where pharmaceutical companies can
outsource work like toxicology tests and gene editing to thousands of
vendors. Scientist.com says it can reduce the outsourcing process, which
can take up to six months, to just a single day. It takes a 5 percent
cut of the organizations' fees for each transaction, generating $50.3
million in 2017 revenue.
All told, there were 380 health-related businesses on the Inc. 5000 list
this year. What's more, women's reproductive health was one of the best
industries for starting a business this year. Inc. found the sector was
gaining traction as more women began taking control of their
reproductive health by tracking their fertility or buying organic
menstruation products.
Logistics and transportation ranked No. 4 on the list of biggest
industries for Inc. 5000 companies, with $12.6 billion in combined 2017
revenue. Nearly $100 million of that came from the No. 1 company on the
list, SwanLeap, which makes software for logistic companies. The
Madison, Wisconsin-based startup uses artificial intelligence to ensure
that businesses get the best possible rate when shipping freight.
SwanLeap says its services save customers an average of nearly 27
percent.
Here are the top 10 biggest industries of the Inc. 5000 this year,
including total revenue and the total number of Inc. 5000 companies.
1. Health
Total revenue: $36.3 billion
Total number of Inc. 5000 companies: 380
2. Financial services
Total revenue: $15.1 billion
Total number of Inc. 5000 companies: 236
3. Consumer products and services
Total revenue: $14.4 billion
Total number of Inc. 5000 companies: 298
4. Logistics and transportation
Total revenue: $12.6 billion
Total number of Inc. 5000 companies: 164
5. Business products and services
Total revenue: $12.5 billion
Total number of Inc. 5000 companies: 460
6. Construction
Total revenue: $12.5 billion
Total number of Inc. 5000 companies: 333
7. Government services
Total revenue: $11.7 billion
Total number of Inc. 5000 companies: 253
8. Real estate
Total revenue: $8.1 billion
Total number of Inc. 5000 companies: 225
9. Retail
Total revenue: $8 billion
Total number of Inc. 5000 companies: 179
10. Security
Total revenue: $7.7 billion
Total number of Inc. 5000 companies: 66
https://www.geezgo.com/sps/44053
Join
Geezgo for free. Use Geezgo's end-to-end encrypted Chat with your
Closenets (friends, relatives, colleague etc) in personalized ways.>>
In the business world, new and sexy doesn't always mean lucrative.
It was companies in older, established industries--health, along with
logistics and transportation--that achieved astronomical revenue growth
in 2017, according to the Inc. 5000 list of the fastest-growing private
companies in the U.S. While the list represents only a fragment of the
businesses and startups operating in the country, it does highlight
which sectors are experiencing massive returns.
For example, businesses in the health industry booked a combined $36.3
billion in revenue in 2017, making it by far the biggest industry on
this year's list. At No. 9 on the Inc. 5000 this year, Scientist.com was
the top company in the category. The Solana Beach, California-based
startup is an online marketplace where pharmaceutical companies can
outsource work like toxicology tests and gene editing to thousands of
vendors. Scientist.com says it can reduce the outsourcing process, which
can take up to six months, to just a single day. It takes a 5 percent
cut of the organizations' fees for each transaction, generating $50.3
million in 2017 revenue.
All told, there were 380 health-related businesses on the Inc. 5000 list
this year. What's more, women's reproductive health was one of the best
industries for starting a business this year. Inc. found the sector was
gaining traction as more women began taking control of their
reproductive health by tracking their fertility or buying organic
menstruation products.
Logistics and transportation ranked No. 4 on the list of biggest
industries for Inc. 5000 companies, with $12.6 billion in combined 2017
revenue. Nearly $100 million of that came from the No. 1 company on the
list, SwanLeap, which makes software for logistic companies. The
Madison, Wisconsin-based startup uses artificial intelligence to ensure
that businesses get the best possible rate when shipping freight.
SwanLeap says its services save customers an average of nearly 27
percent.
Here are the top 10 biggest industries of the Inc. 5000 this year,
including total revenue and the total number of Inc. 5000 companies.
1. Health
Total revenue: $36.3 billion
Total number of Inc. 5000 companies: 380
2. Financial services
Total revenue: $15.1 billion
Total number of Inc. 5000 companies: 236
3. Consumer products and services
Total revenue: $14.4 billion
Total number of Inc. 5000 companies: 298
4. Logistics and transportation
Total revenue: $12.6 billion
Total number of Inc. 5000 companies: 164
5. Business products and services
Total revenue: $12.5 billion
Total number of Inc. 5000 companies: 460
6. Construction
Total revenue: $12.5 billion
Total number of Inc. 5000 companies: 333
7. Government services
Total revenue: $11.7 billion
Total number of Inc. 5000 companies: 253
8. Real estate
Total revenue: $8.1 billion
Total number of Inc. 5000 companies: 225
9. Retail
Total revenue: $8 billion
Total number of Inc. 5000 companies: 179
10. Security
Total revenue: $7.7 billion
Total number of Inc. 5000 companies: 66
https://www.geezgo.com/sps/44053
Join
Geezgo for free. Use Geezgo's end-to-end encrypted Chat with your
Closenets (friends, relatives, colleague etc) in personalized ways.>>
Post a Comment