Laggard Industry

Laggard Industry

An industry that may be growing but not as quickly as the economy at large. A laggard industry may be outdated or it may be simply out-of-favor.
References in periodicals archive ?
McKinsey and many other adept organisations and industry experts have succinctly highlighted how inefficient we are as an industry compared to others; we are often termed the laggard industry (Reinventing Construction: A Route to Higher Productivity, McKinsey ).
"People pick on insurance for being a laggard industry, which is totally not the case," he says, noting that the first insurance software broke onto the scene in 1963.
Insurance, not an industry to embrace change, quickly became a laggard industry."