In 2023, investing has become a rather popular method to make some extra cash on the side. But, of course, the point of investing is to make sure that you’ve invested in stocks that are of high quality. So, the goal is to invest in industries that are on the rise and growing fast.
And with the 21st century being dubbed “the Information Age”, what could be better than investing in some of the fast growing online industries? So, in this article, we would like to take a look at a few of the fastest growing online industries that you should be looking to invest in this upcoming year.
E-Commerce
Since the invention of Amazon, shopping from home has become a staple of most households. What started out as a book-purchasing service has evolved into a multi-billion company, from which you can buy everything from clothes to tech to miscellaneous decoration items. But to invest in Amazon might take a massive amount of cash in 2023. As we said, it is a multi-billion-dollar company at this point. Luckily, Amazon is not the only option.
Since the early 2000s, there are literally dozens of e-commerce-related companies which have attained popularity and success. And what’s more, in 2020 the industry saw a sudden surge in popularity due to the worldwide lockdown. Nowadays, grocery shopping, shopping for clothes, tech, books, and whatever else can all be done online, and investors are looking at every opportunity to get a stake of a successful e-commerce company.
iGaming
For the unfamiliar, iGaming refers to the rather lucrative and successful online gambling industry. Since the late 90s, gambling over the internet has been gaining popularity. What started out as simply web poker has today evolved into a huge industry, covering thousands of games. Most notably, online gamblers today stick to slots. However, you will find poker, blackjack, roulette, and baccarat players all enjoying their favorite games at the top online casinos in the UK, and beyond.
The growth in popularity of iGaming has to do with convenience, legality and accessibility. First of all, it is obviously a lot more convenient to play your games online, as you can do it from your home, or on the go. Second, while for a long time iGaming was not legal, today most countries are beginning to see the financial benefits of having a vibrant online gambling industry. Exactly for this reason, more and more countries are looking into legalizing online casinos and bookies.
Lastly, accessibility is the name of the game. In 2022, web design is a lot more advanced than what it once was. Nowadays, laptops or PCs are not the only way to access a gaming website. Smartphones, tablets, and pretty much any other electronic devices are all you really need to access a top-tier online casino or bookmaker.
Streaming Services
We are willing to bet that every single person reading this article has a subscription to at least one streaming service. And certainly, some of you have access to more than one. Netflix, Hulu, Disney+, Amazon Prime, and others, are all hugely successful among a large audience all over the world. Not only that, but their popularity continues to grow, especially since many people nowadays are tired of the “theater experience”, and prefer to watch films at home, with friends or family.
But the streaming industry goes further than just films and TV. Twitch is a widely successful website; whose sole purpose is to allow independent creators to produce their own content. In much the same vein as YouTube, Twitch allows gamers, vloggers, reviewers, and whatever else to broadcast themselves live, and garner an audience. In 2022, Twitch is one of the largest online video aggregator websites in the world, all thanks to the streaming service it provides.
And it still doesn’t end there. We mentioned iGaming before, and a big part of that industry is online sports betting. So, what could sport betting have in common with live streaming? Well, a big part of online sportsbooks today is the ability to place live bets. For those who may not be aware, live bets let you watch the game and wager on it in real time. Meaning, these sportsbooks actually provide livestream coverage of the game that you can bet on. So, there is a rather interesting intersection between streaming and iGaming. Live bets are now more than a staple of online betting; they are a necessity almost. And most people will forego a website if it doesn’t allow punters to place live bets.
Online Booking / Tourism
Last, and certainly not least, the tourism industry has definitely been growing in the past couple of years. Thanks to the lockdowns in 2022, most of us felt cooped up and trapped. So, as soon as the opportunity came, we all did everything we could to go on vacation. And nowadays, thanks to the magic of the internet, we can book our flights, stay, and anything else from home.
Numerous tourist groups are not entirely online-based. Through these websites you can book a room at a hotel, motel, AirBnB, or whatever else you might be interested in. And it doesn’t end there. You can also book a plane, bus, train, or boat ticket through these websites. An estimated 70-90% of people use online services to book accommodations for their trips in 2022, and that percentage is certain to rise in the coming future. In fact, many experts believe that in the very near future, everyone will be getting their tickets through online means.
Final Say
So, there you have it. These are just four of the fastest growing industries that savvy investors should be looking to invest in. Remembered, if you’ve no experience with investments or trading, a ton of research is necessary to start. So don’t just jump into the first company that strikes your fancy. Look over their history and their accomplishments and make sure they are the company that is right for you.