The year 2011 has seen a surprising amount of growth and recovery among private companies in the United States, reports Brian Hamilton, co-founder and CEO of Sageworks, which tracks the financial performance of privately-held companies.
Sageworks, which also ranked No. 704 on the 2008 Inc. 5000 list, found that the health care, information technology, and business services industries were the bright spots in an overall dim economy. These three sectors experienced significant sales growth in the last 12 months, with sales beginning to recover--approaching the highs of 2006.
The chart below shows the year-over-year sales percent change for the three top-performing industries, dating back to 2006, as well as sub-segments of those industries.
In this week's TrendWatch, Inc.com's Nicole Marie Richardson interviews Sageworks's Hamilton about what's driving this growth. Are these stand-out industries start-up opportunities in 2012? Hamilton says, although he can't predict the continued performance, that the trend certainly suggests year-over-year growth will continue. Those with already-established businesses should also look to align with these growth sectors by tapping them for potential clients, partners, or suppliers. Watch the video to learn more.
| Strong Performing Industries |
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| Industry: Health Care |
2006 | 2007 | 2008 | 2009 | 2010 | Last 12 Mo |
| Health Care and Social Assistance |
7.39% | 7.18% | 6.49% | 4.62% | 3.70% | 4.12% |
| Home Health Care Services |
13.86% | 15.24% | 8.93% | 13.25% | 10.19% | 11.00% |
| Offices of Other Health Practitioners |
7.67% | 6.97% | 8.75% | 5.61% | 4.83% | 5.27% |
| Outpatient Care Centers |
10.81% | 14.67% | 6.16% | 9.08% | 7.56% | 7.50% |
| Community Care Facilities for the Elderly | 6.13% | 5.54% | 5.45% | 5.43% | 5.06% | 6.04% |
| Industry: Information Technology |
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| Information |
11.19% | 13.55% | 8.43% | 2.90% | 6.08% | 7.60% |
| Computer Systems Design and Related Services |
18.52% | 14.87% | 14.62% | 4.54% | 11.07% | 11.65% |
| Data Processing, Hosting, and Related Services | 14.60% | 19.65% | 13.76% | 7.42% | 9.15% | 11.20% |
| Industry: Business Services |
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| Professional, Scientific, and Technical Services |
12.84% | 11.21% | 9.10% | 2.58% | 8.74% | 9.46% |
| Management, Scientific, and Technical Consulting Services | 12.89% | 15.35% | 14.68% | -0.03% | 9.95% | 10.26% |
| Advertising and Related Services |
11.49% | 12.65% | 3.75% | -6.85% | 9.54% | 11.11% |
| Employment Services |
15.70% | 14.51% | 4.35% | -1.08% | 15.80% | 18.46% |
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Source: Sageworks, A Financial Information Company |
