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The Recession List - Top 10 Industries to Fly and Flop in 2008
Date:3/19/2008

VoIP Providers And Corn Farmers Can Expect To Have Bumper Years In 2008 And Beyond, According To The Latest Research Released By Business Information

Analysts At IBISWorld

LOS ANGELES, March 19 /PRNewswire/ -- As the economy slides into recession, IBISWorld today announced its list of industries with strong growth forecasts expected for 2008. Voice Over Internet Protocol Providers (VoIP) is first of the top 10 industries which IBISWorld predicts to do well in 2008 and is forecasted to grow by 24.3 percent this year. Those in corn farming, foam product manufacturing, web search portal, and biotechnology fields, won't be far behind.

IBISWorld, Inc. (http://www.ibisworld.com) is recognized as one of the nation's most respected independent publishers of business intelligence research. According to IBISWorld, the industries making up the rest of its "Top 10" industries to watch in 2008 are: remediation services, mining and oil and gas machinery manufacturing, environmental consulting, collection agencies, and oil and gas extraction.

VoIP Leads The Way

Subscriber growth will drive revenue in the VoIP sector, with numbers expected to rise by 21.2 percent this year to 16.6 million, while the number of establishments will jump by a significant 44.5 percent to 2,190 nationwide.

Senior analyst at IBISWorld, George Van Horn explained: "The VoIP providers industry will easily outperform the wider telecommunications sector this year, given that it is an emerging service which continues to gain greater consumer and business acceptance. As household broadband penetration increases, it will facilitate greater use of digital services, helping to improve the call quality of industry services. In fact, by 2012, we expect revenue growth of 90.2 percent, bringing total revenue to $4.88 billion. By the same time, we predict that the U.S. will have approximately 25.4 mil
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SOURCE IBISWorld
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