For nearly the last three decades, online industries have grown and developed. In the early days of the internet, people tended to be more fascinated by the concept of an online market place than actually investing in it or conducting transactions online.
With the early success of sites like eBay and Amazon, governments and people across the world took notice of e-commerce and have been developing it ever since. Like any marketplace, the internet has seen its ups and downs but it’s here to stay. At the moment, here’s our top three industries to keep an (investor’s) eye on:
One of the more interesting facets of the e-economy is cryptocurrency. As an alternative to nation-backed currencies such as the dollar or pound, cryptocurrencies perfectly reflect the truly global nature of online industry. Such currency that’s pegged exclusively to its market value and isn’t influenced by government economic policy, and in 2017, it’s drawing the same kind of attention that gold and silver do. Nowadays, people create bitcoin wallets online that allow for easy access to trading bitcoin and other cryptocurrencies. Considering the current value of bitcoin ($2690) and the performance of the cryptocurrency market in general, the role bitcoin plays in future industry and investment will be of top interest.
Gambling is one of the earliest industries to start conducting operations online. While such pursuits have always been quite popular, it took a while for governments to sort out the legal statuses of online casinos. After the “poker boom” of 2003, where online poker and especially the Texas Hold’em variant gained near-instant popularity due to the results for a major worldwide poker tournament, the industry has continued to grow. In 2017, much of the focus is placed on providing players with a number of variants of poker and other casino games, including 7 Card Stud and Omaha Hi for poker. It seems like what’s also called iGaming is In fact, for a digital industry, it’s starting to have a palpable real-world presence. Online poker giants like 888poker are investing in real-world events. Live poker tournaments and sponsorship deals bring more awareness to the company’s online poker apps and websites. With such investment, the industry is likely to grow further.
Hospitality and Tourism
While hotels and airlines were some of the first industries to go online in the 90s, as well as casinos, there as been a revolution in recent years. Companies like Airbnb and Uber have decentralized long-established industries like hotels and taxis. And both brands have come head-to-head with unions and governments as a result, as legal question marks are sorted out by authorities around the world. With how much these companies changed the way many people—mostly younger—find places to stay when on holiday and get taxis around cities, the new hospitality industry isn’t going anywhere. As governments adopt new laws and regulations for the hospitality and tourism industry it will become firmly established in the modern economy.
While e-commerce has not always played a major role in the GDP of countries and at its inception was seen more as a novelty than an industry, the online market place has become entirely indispensable. From Silicon Valley to more recent comers like Cluj, Romania, a hub for digital development in central and eastern Europe, e-commerce and the internet have become crucial parts of the economy and influence every aspect of our lives, from business to socialising to entertainment.