As the Internet continues to expand and become more integral to our everyday lives, it has also opened up new opportunities for entrepreneurs and investors. Many of these opportunities are found in the online industry, which is projected to grow exponentially in the next few years.
If you’re looking to get in on the action, here are five online industries you should consider investing in in 2023.
E-commerce is a broad term that encompasses everything from online retail to digital marketing, but it’s an industry that is expected to continue to grow at a rapid pace. E-commerce is estimated to reach $5 trillion in global sales by 2023, making it a ripe investment opportunity for savvy investors.
Cloud computing is the process of storing, accessing, and managing data over the internet. It’s become increasingly popular in recent years as companies move away from physical servers and embrace a more digital-based infrastructure. By 2023, cloud computing is estimated to become a $500 billion industry, making it an attractive option for investors.
Artificial intelligence (AI) is a rapidly growing field of technology that has the potential to revolutionize the way we do business. AI applications are being used in a variety of industries, from healthcare to retail, and the AI market is estimated to grow to $190 billion by 2023. Investing in AI now could be a wise move for the future.
AI is going to be adopted into all manner of areas online, from gaming to shopping, entertainment to even the likes of banking, and there are plenty of start-ups out there that are worth investing in and will likely make the big bucks too. It’s just picking out the ones that will go from strength to strength.
Online casinos are hugely popular today and the revenue generated from them continues to rise, particularly as they begin to be legalised in states across the USA too. There’s a huge market to invest in, whether that be the casinos themselves or in games providers and producers of online blackjack, who continue to utilise the latest technology to expand and enhance the industry.
Cyber security is an often overlooked area of investment, but it’s becoming increasingly important as more and more of our lives are conducted online. Cyber security is expected to become a $170 billion market this year, and investing in this field now could be a wise decision.
Cyber crime is continuing to rise, and therefore the need for cyber security is going to continue to grow, particularly as new technology continues to evolve, making it the perfect area to be investing your money over the coming years.