What Are Sunrise And Sunset Industries?


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Vikash Swaroop Profile
Vikash Swaroop answered
As the terms themselves describe, it is a dawn for one kind of industry and dusk for others.

Change is the only thing constant in this world and as the lifestyle of people's changes, their priority also changes. And according to their choice the industries serving the customers have to change the way they work. Some new kind of industry take the place of the existing one and the whole process takes a big leap.

Some times the companies evolve themselves with the changing needs and again come into reckoning but some of them could not keep the pace and wiped out of the scene. The industries that are going into oblivion can be termed as the sunset industries and those that are emerging are called sunrise industries.

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