Although many news websites and publications focus on the industries that are declining due to the internet’s influence, there are just as many companies that are in thriving industries due to the rise of the internet and technology. This article will cover some of the biggest industries that are becoming successful through online services and why this might be, including what it means for the future.
The gambling and betting industry is growing on a daily basis, even with the decline of high street betting stores. However, these have been replaced by economic alternatives in the form of online gambling and betting websites where users can get instant winnings, play games, and connect with other gamblers online. Lottery betting has also seen the benefits of the internet, with many people now choosing to buy lottery tickets and scratch cards online, with many businesses to help them do so. For instance, LottoGo.com has revolutionized lottery betting by allowing users to enter lotteries around the world through their service.
Due to its basis in technology, entertainment and the media are one of the driving forces of technology, with constant innovations in the format of how we play and use this entertainment. Streaming services, for instance, are the biggest benefiter of the internet, managing to undermine traditional television sources and physical music sales by allowing users to access a range of television, film, and music instantly with a monthly subscription. There have been even more innovations in the world of gaming, where large gaming companies are now starting to utilize recent tech developments by allowing their game consoles to be VR compatible. This includes the use of the internet, where players can connect with others across the globe through online and wireless gaming modes.
Surprisingly, retail has also benefited in many ways from the internet, especially in terms of small businesses who needed a platform to springboard their business from. With online retail growing 15% in the USA, it seems that e-commerce sites are the most popular way to access and buy popular products over high streets and shopping malls. These trends for 2019 are especially due to the ease of creating a website and the ability of small businesses to use social media to create traffic to their website and enact sales. Not only this, but online retail businesses tend to be cheaper than physical stores, and customers can get products direct to their homes rather than having to brace physical stores. Not only this, but online marketplaces have given people the opportunity to sell homemade products from their hobbies to others.
Although the future of the internet and the trends that we will see in business are uncertain and liable to change, there are no signs that consumer love for online shopping will fade any time soon. Some reports suggest that people are returning to physical stores to buy their products, but this is not likely to lessen the control that the internet has over retail and other online companies.