Overview of the Top 4 Booming Sectors in the Digital Age in India
Technological innovations have created a lot of opportunities for the growth of different industries across the globe and also in India. But, also, many industries fueled by the latest technological advancements have slowly accepted digital innovations. In this article, you read more about the top booming industries in India, influenced by technological breakthroughs.
The Online Gambling Industry
A lot of games of chance have moved online and become accessible to a wider audience. The global gambling market is expected to reach $565.4 billion in 2022, and in India, there’s also a huge interest in online casino games. Especially since there’s increased coverage of mobile internet services and better internet connectivity, while many casino sites like NetBet, are mobile-friendly. This means that regardless of your location, you can play high-quality casino games on the move.
Furthermore, the online sports betting industry is bestcasinosites. For this purpose, many casinos like https://sport.netbet.com/in/ offer sports betting on their sites. Hence, members can take advantage of enticing welcome bonuses, free bets, and bet on cricket matches, for instance.
Another reason why games of chance are so popular online is the personalized gaming experience offered by online casinos. Players have a chance to get special rewards for their loyalty and customized bonuses and other promotions that suit their preferences. Also, many casinos offer 24/7 customer support for their members, which is another advantage.
Lastly, some casinos notify their members via email when there are new games or other exciting offers. In the future, there are many predictions for even more realistic gaming experience for this sector as there are many advantages in the implementation of VR and AR technologies.
Online shopping has increased popularity as there were approximately 475 million users in 2019, and the market is expected to reach US$ 200 billion by 2026. The main factors behind this kind of growth are the increased smartphone penetration and the launch of 4G networks that have made online shopping more convenient for wider demographics. Some noteworthy apps are Flipkart that hass also dedicated its internal fund for investments in e-commerce innovations.
Next, Paytm a first online bank in India that doesn’t charge fees for online payments and PhonePe with its platform’ Switch’ that allows users to switch and instantly access their favorite shopping apps, travel apps, and grocery apps among other options. Since the market is still in its growing stages from a technological aspect, we expect even more innovations in the future.
The IT sector in India has experienced substantial growth with many successful startups that also work for international markets. IT industry has more than 17,000 companies, and it’s also the second-largest hub of startups in the world. It’s expected to have even more possibilities for growth, especially with innovations in artificial intelligence.
Globally the gaming sector has reached over 2 billion players worldwide. Increase mobile usage, games with better graphics and better gaming equipment are some of the reasons why there’s a huge influx of gamers around the world. In India, there are over 300 million gamers, and this number, it’s very likely to increase in the future.
One of the best innovations in this sector that allows more players to play the latest games without investing in the latest hardware is the subscription model offered by tech giants like Apple, and Google, among others. Google’s Stadia was launched last year by Google and gave access to over 120 games and apps. Similarly, Apple Arcade has over 100 games for their users. Another major turning point is the use of VR technologies in the gaming industry for an immersive gaming experience.