In 2016, the international market research firm IBISWorld outlined a bright future for psychic services. Its market research report, said revenues grew at a 2.4 percent average annual rate from 2011-2016. The report observed that the industry included some 83,000 businesses and employing more than 86,000 people.
The report also said that the industry had grown steadily due to a recovering economy and an increasing acceptance on the part of consumers of the advice and life guidance that psychic services are said to provide. IBISWorld did caution, however, that annual growth might be slowed somewhat due to factors like increased regulation.
IBISWorld notes that key factors for business success in the industry are a good reputation, access to niche markets, and easy access for clients. These are achieved through websites such as Evolve that provide content target audiences want, engage with these audiences interactively, and retain users through a quality customer experience.
