The accessible tech market is a rapidly growing industry, with a compound annual growth rate (CAGR) of 8.7% expected over the forecast period of 2020 to 2027. This growth is driven by technological advancements and increasing awareness about the importance of accessibility. Additionally, governmental regulations mandating the provision of equal rights for people with disabilities are expected to further drive growth.
Accessible design consultancy is another area poised for growth. As businesses recognize the value of reaching wider audiences, they are investing more in making their services accessible to all. While exact growth rates for this field are hard to determine, the general trend towards inclusivity suggests a positive outlook.
Accessible tourism is a niche but promising market. As tourism rebounds post-pandemic, there is potential for growth in this sector. The global accessible travel market is expected to reach $1,786.1 billion by 2026, growing at a CAGR of 5.9%. This growth is driven by an aging population, increasing disposable income among disabled people, and increasing awareness about accessible travel options.
These opportunities not only have a potential for profit but also contribute to making society more inclusive for everyone. Current State of Accessibility in Canada’s Provinces
- Assistive Technology: There is a growing market for technologies that assist people with disabilities in performing daily tasks. These technologies can range from mobility aids to software that enhances accessibility on digital platforms.
- Accessible Design Consultancy: With businesses increasingly recognizing the importance of being accessible to all customers, there is a demand for consultants who can guide them in making their physical locations and digital platforms more accessible.
- Accessible Tourism: There is a niche but growing market for tourism that caters specifically to individuals with disabilities. This can range from accessible accommodation to tours designed with accessibility in mind.
- Accessibility Training: Businesses and organizations are recognizing the need for staff training on accessibility issues. Providing such training services is another potential business opportunity.
- Accessible Housing: As the population ages, there is an increasing need for housing that is accessible to individuals with mobility issues. This is a potential area for development in the real estate sector.