An economy is considered
‘developed’ if the bulk majority of its revenues come from the service sector.
Today’s largest and emerging economies have followed or are following this
trend. Alongside this milestone is rise—phenomenal rise—of the Internet age. The
modern technology has provided millions of people around the world a new way to
earn money. Especially in the 21st century, this wired world has
become the epicenter of almost every type of business strategy: from marketing
and PR, to operations and product delivery. The following are some of the most
successful service-based industries that have completely benefited from the
invention of the World Wide Web:
Electronic retailers. Amazon and eBay are two of the most popular
sites for trading goods online and they are often credited as pioneers of
electronic commerce. For the past few years, many similar businesses have also
emerged. Some of them have international operations while others only cater to
a niche market. Such services have proven to be a big hit to customers,
particularly those who want to have a much more convenient alternative to shopping
in a crowded mall or for those who hate long queues during peak seasons.
Online casinos. Once only available to upscale and high-profile
venues in Las Vegas, Monaco, and Macau, recreational gambling is now possible
via the Internet, thanks to high-quality online casinos
like 12BET. The online
gaming industry is growing steadily and many analysts predict that in a few
years, it will—if not yet—surpass brick-and-mortar casinos in terms of
revenues.
Media download sites. The age of the Internet is almost coterminous
with the age of downloads. From screensavers and software apps, to music
records and films, digital downloading has become a huge part of man’s modern
lifestyle. Nowadays, there is hardly a device without any installed application
obtained through free or paid download.
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