Foreword｜Money88
By 2023, investing has become a fairly popular way to earn extra money part-time. But, of course, the whole point of investing is making sure you’re investing in high-quality stocks. Therefore, the goal is to invest in emerging and fast-growing industries.
With the 21st century being dubbed the “Information Age,” what could be better than investing in some fast-growing online industries? So, in this article, we want to take a look at a few of the fastest growing online industries you should invest in in the coming year.
E-Commerce｜Money88
Shopping at home has been a staple in most households since Amazon was invented. What started as a book-buying service has grown into a multibillion-dollar company where you can buy everything from clothing to tech to accessories. But investing in Amazon in 2023 may require a lot of cash. As we speak, it’s currently a multi-billion dollar company. Fortunately, Amazon isn’t the only option.
Since the early 2000s, literally dozens of e-commerce related companies have gained popularity and success. What’s more, in 2020, due to the global lockdown, the industry’s popularity suddenly soared. With grocery shopping, buying clothes, technology, books, and everything else being done online these days, investors are looking for every opportunity to get a stake in a successful e-commerce company.
Online Game｜Money88
For the uninitiated, iGaming refers to the fairly profitable and successful online gambling industry. Internet gambling has become popular since the late 1990s. What started as simple online poker has grown into a massive industry with thousands of games. Most notably, today’s online gamblers insist on using slot machines. However, you will find poker, blackjack, roulette and baccarat players all enjoying their favorite games at top online casinos in the Philippines and beyond.
The popularity of iGaming is all about convenience, legality and accessibility. First of all, playing online is obviously much more convenient since you can do it at home or on the go. Secondly, while online gambling was illegal for a long time, most countries are now starting to see the economic benefits of having a vibrant online gambling industry. It is for this reason that more and more countries are considering legalizing online casinos and bookmakers.
In the end, accessibility is the name of the game. In 2022, web design is much more advanced than before. A laptop or PC isn’t the only way to access gaming sites these days. Smartphones, tablets, and just about every other electronic device is really all you need to get into a top online casino or bookmaker.
Streaming Service｜Money88
We bet everyone reading this subscribes to at least one streaming service. Of course, some of you have access to more than one. Netflix, Hulu, Disney+, Amazon Prime, and more have all seen great success with massive audiences around the world. Not only that, but their popularity continues to grow, especially now that many people are tired of the “theatre experience” and prefer to watch movies at home with friends or family.
But the streaming industry isn’t just limited to movies and TV. Twitch is a very successful website; its sole purpose is to allow independent creators to produce their own content. Much like YouTube, Twitch allows gamers, vloggers, commenters, and anyone else to live stream themselves and engage an audience. In 2022, Twitch will become one of the largest online video aggregators in the world thanks to the streaming service it offers.
It still doesn’t end there. We mentioned iGaming earlier, and a large part of the industry is online sports betting. So, what do sports betting and live streaming have in common? Well, a huge part of online sports betting today is the ability to place bets live. For those who may not know, live betting allows you to watch games and place bets in real time. Meaning, these sportsbooks actually offer live coverage of the games you can bet on. Thus, there is a rather interesting intersection between streaming and online gambling. Live betting isn’t just a staple of online betting these days; they’re pretty much a necessity. If a site doesn’t allow bettors to place live bets, most people will abandon the site.
Online Booking/Travel｜Money88
Last but not least, tourism has been growing over the past few years. Thanks to the 2022 lockdown, most of us feel locked up and trapped. So, whenever we had the chance, we all desperately went on vacation. Now, thanks to the magic of the internet, we can book flights, accommodation and just about anything else right from home.
Many tours are not entirely online based. Through these sites, you can book a hotel, motel, AirBnB, or whatever interests you. And it doesn’t stop there. You can also book plane, bus, train or boat tickets through these sites. It is estimated that 70-90% of people will use online services to book travel accommodation by 2022, and this percentage is sure to rise in the future. In fact, many experts believe that in the near future, everyone will be able to get their tickets online.
Conclusion｜Money88
So there you have it. These are just four of the fastest-growing industries that savvy investors should be looking to invest in. Remember, if you have no investing or trading experience, it will take a lot of research to get started. So don’t just jump into the first company that strikes your fancy. Check out their history and accomplishments to make sure they’re the right company for you.
