growth area

noun

: an area of business that is becoming larger and more successful
Children's books are a growth area in the publishing industry.

Examples of growth area in a Sentence

Recent Examples on the Web Gandhi added that sports is a growth area, as well as local broadcasters signing on to Prime Video’s Channels service. Naman Ramachandran, Variety, 22 Mar. 2024 The Middle East has recently become a growth area for the music industry, with major labels like Universal setting up imprints and local offices there. Katie Bain, Billboard, 3 Sep. 2019 And the medium has become a growth area for agencies who represent players. Emmanuel Morgan, New York Times, 20 Nov. 2023 One way hardware hackers can profit by hurting a company can be by taking advantage of the resulting drop in its stock price; stock manipulation is a growth area for cybercrime in general, says Borg. IEEE Spectrum, 15 May 2017 Like a giant Ponzi scheme, each new growth area gave an initial boost to the economy but over the long haul didn’t generate enough revenue to pay for its own streets, sewers, police and fire services. Mark Arax, New York Times, 1 June 2023 Venture capitalists have poured billions of dollars into AI start-ups on spec, while in earnings calls over the past two weeks, tech CEOs have cited AI as a key growth area. Gerrit De Vynck, Washington Post, 5 Aug. 2023 Ricardo Pierre-Louis sees the new opportunity as a growth area for his Roxbury business that has been primarily been focused on providing valet parking services to restaurants. Shirley Leung, BostonGlobe.com, 23 July 2023 Another growth area is animation, as multiple Catalan companies are moving into that sector. John Hopewell, Variety, 16 May 2023

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'growth area.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Dictionary Entries Near growth area

Cite this Entry

“Growth area.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/growth%20area. Accessed 25 Apr. 2024.

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