The top 10 fastest-growing businesses in the world are revealed. From Uber to Airbnb, these businesses are changing the way we live.
Top 10 Fastest Growing Business in World: Businesses can be tricky things to start and even trickier to grow into something successful. The good news is that many people have done it before you and they’ve learned from their mistakes along the way.
Top 10 Fastest-Growing Businesses in World
So that they can point you in the right direction and help you avoid their own missteps and costly mistakes. If you want to start a business but aren’t sure what the first step should be, take some time to read about some of the top businesses in the world, according to Inc magazine, which has ranked them in its annual list of fastest-growing businesses.
#10 – Monster
The global employment company Monster employs a large number of people around the world and has grown exponentially since its launch. Today, they’re considered one of Germany’s most successful international companies, with an impressive clientele list including corporate giant Procter & Gamble.
They offer online applications as well as job fairs to meet more traditional employment needs for candidates. Find out more about their services on Monster’s official website.
#9 – Gree
Gree is one of Japan’s largest and most successful game developers. It has offices throughout Asia and a large market share across most major markets worldwide. Having originally started out as a provider of cellphone content, Gree went on to become one of Japan’s most successful software companies after its launch of the social gaming network Mobage (now known as Gree). Today, it is considered one of Japan’s top five game companies and boasts over 200 million registered users.
In May 2011, Gree received $1 billion in investment funding from Japanese telecom Softbank to help further expand its reach in Asian markets. The company has been growing at an average rate of 90% annually over the past few years, so we can expect to see even bigger things from them soon! #8 – AirAsia: AirAsia is one of Southeast Asia’s leading low-cost carriers, serving more than 100 destinations throughout Malaysia, Thailand, Indonesia, Vietnam, the Philippines, and Singapore.
Founded in 1993 by Malaysian entrepreneur Tony Fernandes with two planes and just two employees, AirAsia has grown into a thriving international airline that employs more than 20 thousand people around the world. Its fleet currently consists of 57 aircraft including Airbus A320 family jets and Boeing 737 Next Generation models which operate flights under three different brands: AirAsia; ThaiAirAsia; and Indonesia AirAsia.
#8 – Reebok
Reebok, with a 50-year head, start on Adidas, has become one of that company’s fiercest competitors. Founded in Bolton, England, in 1895 as J.W. Foster and Sons, it was renamed first Reebok (which means stomp or rebound) and later incorporated as Reebok Ltd. With 24 manufacturing facilities on six continents — from Mexico to Vietnam — Reebok generates more than $1 billion a year in sales of shoes and other athletic products.
In late 2012 it was acquired by one of its chief rivals: Adidas for about $3 billion – making it perhaps both America’s fastest-growing footwear company and a new member of Germany’s oldest corporation. #7 – Facebook: No business has ever grown faster than Facebook. And no business is likely ever to grow faster again. The social network now boasts 1.23 billion users worldwide, more than twice as many people as live in North America—and roughly equivalent to Europe’s population.
If you were starting a country today and wanted everyone on Earth to be citizens, Facebook would be your only choice for communication technology. It took Mark Zuckerberg five years to reach 100 million users; two years later he had another 300 million people using his site every month; another two years after that he added another 200 million people; and then three months after that he added yet another 100 million users—an astonishing rate of growth! But what makes Facebook so popular?
#7 – Amazon
The e-commerce giant has soared from a fledgling startup to one of America’s largest companies. With a market cap of $180 billion, Amazon has a lot going for it. The company’s robust infrastructure allows for rapid growth, and its wide selection attracts many customers to shop on its site. While its stock price has fluctuated over time, Amazon continues to grow at an impressive rate. Its revenue increased more than 30 percent between 2015 and 2016 and grew another 33 percent by 2017.
Today, you can purchase just about anything on Amazon’s website—everything from books to coffee makers—and have it delivered right to your door within days or even hours. How can you not be impressed? #6 – Facebook: Founded in 2004, Facebook quickly became one of the most popular social media platforms on Earth. As of 2018, there are nearly 2 billion active users across Facebook’s various platforms, including WhatsApp and Instagram.
In addition to connecting with friends and family members around the world, people use Facebook to find local businesses they like as well as news stories that interest them. And unlike other social media sites that focus on photo sharing or messaging only, Facebook offers a variety of features that appeal to different types of users. This diversity is part of what makes it such a powerful platform for advertisers looking to reach large audiences with specific messages.
#6 – H&M
Hennes & Mauritz, or H&M, is a Swedish clothing giant with more than 4,500 stores globally. Founded in 1947 by Erling Persson, H&M grew steadily over 60 years to become one of Europe’s largest fashion chains. In 2004, it entered into expansion mode and opened 300 new locations around the world. One year later, it had grown to 855 stores.
Today, you can find 2200 shops in 50 countries on six continents. The company has plans to open another 1500 stores by 2020. With $25 billion in annual sales, H&M is now worth more than $50 billion and has been named as one of Forbes’ most valuable brands for five consecutive years. (Source: H&M, Wikipedia)
#5 – Uber
3 billion global users, 15 million drivers (5% have driven more than 20,000 miles). $50B valuation. Uber was first launched in San Francisco in 2010 and is now available for business users worldwide with a major presence in the USA, Australia, China, Canada, and India. These numbers show how fast a company can be growing within 3 years of launch if they have a product-market fit. With so many drivers earning extra income on its platform it’s no wonder Uber has become one of the world’s fastest-growing companies with a global reach in under 4 years! #4 – Airbnb: 1 billion global users, 600k hosts. $30B valuation.
Airbnb was first launched in San Francisco in 2008 and is now available for business users worldwide with a major presence in Europe, North America, South America, and the Asia Pacific regions. It’s reported that AirBNBs value could rise to as much as $100bn by 2020 which would make them worth more than Hilton Hotels & Resorts which are currently valued at around $70bn (2015). The sharing economy continues to grow at an astonishing rate and shows no signs of slowing down anytime soon.
#4 – eBay
Most of us know eBay as a place to shop, but few people realize it’s one of the fastest-growing businesses in the world. In 2013, eBay’s revenue grew 7% to $8.25 billion. Not too shabby, considering most companies only dream of single-digit growth these days! Like many other fast-growing companies on our list, a big part of eBay’s success can be attributed to its wide variety of products and services.
The online marketplace sells everything from cosmetics and shoes to vintage video games and action figures—meaning there’s no shortage of shoppers searching for deals on their favorite things. And even though eBay is one of the oldest companies on our list, they are constantly innovating to keep up with changing consumer demands.
For example, last year they introduced PayPal Here, an app that allows small business owners to accept credit card payments using their mobile phones or tablet. As more consumers turn away from traditional shopping methods (think: brick-and-mortar stores), eBay will likely continue being a major player in eCommerce for years to come.
#3 – Apple
With a market capitalization of $600.8 billion, Apple is one of only four companies to be valued at more than $500 billion. The company was founded by Steve Jobs and Ronald Wayne on April 1, 1976, to develop and sell personal computers. It introduced its first personal computer named Apple I in 1977; it went on sale in July 1976 with a price tag of $666.66.
#2 – Airbnb
Apple! Not only did Apple take over for Microsoft and Coca-Cola, which were number 1 and 2 respectively last year, but it’s also very likely that Apple will remain on top. Since its IPO in 1980, Apple has grown at an incredible rate. It is now worth around $900 billion and its market capitalization makes it more valuable than any other company in history!
What other businesses would you like to see on our list? Are there any companies that deserve a spot? Maybe you think Tesla should be ranked higher or maybe you think Victoria’s Secret deserves to be higher. Regardless of your opinion, we want to hear from you! Write us a comment below or send us an email today!
And our number 1 fastest growing business is…..
These days, it seems like everyone has a business. (If they don’t have one yet, they probably will soon.) And while many of those businesses start out slowly, a select few grow at such a rapid pace that they are set up for success right from day one. Forbes released its annual ranking of America’s fastest-growing companies earlier today and we crunched some numbers to find out which businesses were growing at exceptional rates.
Some you may have heard of and others you might not – but all are worth looking into further! By focusing on two primary factors (growth rate and total revenue), we ranked businesses by how fast their earnings increased over a period of five years.
In conclusion, business is about growth. It’s about generating more money for your company and your employees (which leads to more success for you).
Most importantly, it’s about giving you freedom from having to work a real job and letting you do what you love: coming up with crazy ideas. Hopefully, these 10 businesses help inspire you to be a maverick like Steve Jobs once was. Best of luck!