A "boom period" refers to a time of rapid economic growth and prosperity. It signifies a period when businesses thrive, employment rates are high, and people generally experience increased incomes and improved living standards. Full definition
During boom periods, high mortgage loan volume impacts expedited quality control efforts which often focus on production. (fbi.gov)
During the e-reader boom period from 2009 until 2013 many people got switched onto digital. (goodereader.com)
However the rising number of auto accidents has led people to insure their cars and auto insurance companies are in experiencing a true boom period. (autoquotenow.com)