Press Releases

High potential in a niche industry

High potential in a niche industry

Lead: Saturated and monopolised by major players, industries such as cloud computing, AI, robotics, and mobile payments to name a few, pose high risk to new investors.

Many people today are looking to put their money in the next big thing that will “hopefully” give them a good return on investment. However the problem is that there are many players who are trying to get a slice of the cake.

1

For example, there are over 200 recognised cloud computing providers in the cloud computing industry. This include big players like Amazon, Red Hat, IBM, Oracle and Microsoft which have a fraction of their company broken down into multiple divisions offering different cloud computing platforms.

To add to the mix, there is the crypto-cloud computing players which include SiaCoin, Aelf, SONM, Storj, and DADI amongst many others who are pushing their ICO, claiming to be the next revolutionary solution.According to Waterford Technologies, 41% of businesses are planning to increase their investment in cloud technologies, with 51% of big and midsize companies planning to increase spend compared to only 35% of smaller firms. This poses a higher risk for investors who are looking to jump on the bandwagon.

2Another industry that is growing at a rapid rate is in digital payments. According to Capgemini Financial Services, growth in digital payments are occurring across all regions, with developing markets experiencing the highest rates — 16.7 percent — and mature markets growing at 6.0 percent, although mature markets still account for 70.9% of total global volumes.

The biggest players in the industry include PayPal, Google Wallet, Square, and Masterpass just to name a few. To add to the list, we see emerging payment solutions on blockchain like Ripple, Utrust, OmiseGO and the list goes on.

 

 

3

Given the volatile state of emerging industries, investors should be looking out for niche industries that has strong growth with minimal market players. An example of a niche industry would be cosplay, worth over 45 billion USD and counting. This niche industry is often frowned upon by business investors for its narcissistic culture. However, this industry has been left untapped and has the potential for exponential growth.

In a survey conducted by Cosplay Calamity in March 2017, cosplay costume makers reported various cosplaying habits. According to that survey, the majority of cosplayers (32.1%) spend $101–$200 per costume. However, 70% of cosplayers spend an average of $101–$600 on each costume they make. According to Calamity’s survey, as well as Time magazine, some more advanced cosplayers report spending over $1,000 on single costume.

The recent San Diego’s Comic-Con International has seen an attendance of 130,000 cosplayers and fans which garnered an economic impact of $140 million dollars alone. In the opposite side of the world, over half a million people attended Comiket, a bi-annual cosplay convention held in Japan.

This is where projects like Cure WorldCosplay and their Cosplay Token shine. Dubbed as the dark horse within the crypto-industry, Cosplay Token is the leading cosplay platform for cosplayers and fans alike. Cosplay Token is seeking to resolve the issues surrounding the cosplay community through its current crowdsale.

Dominating the market with more than 720,000 members from 180 different countries, the platform has over 6.5 million shared photos and a strong following of 430,000 followers on their social media. Within this robust industry, this project will be an ideal option for contributors who prefer minimal risk as compared to the major industries discussed earlier.
To find out more about this project, visit https://cot.curecos.com/token-sale/

Adrian Mathieu
About author

Adrian is a cryptocurrency trader and writer since 2014. He follows closely coins such as Bitcoin, Ethereum and NEO to little known ICOs, constantly analyzing crypto markets in order to stay informed. Email Adrian directly at [email protected]