5 Industries That Thrive Online

The internet has been one of the largest developments in the 21st century and has radically changed how the world operates. It has given life to a variety of different industries, business ventures and entire sectors that simply didn’t have the same type of exposure or viability in the purely physical world.

In this article, we look at five particular industries that thrive online and continue to gain traction as internet technologies develop further.

1. Online casinos

The biggest, thriving industry has to be online casinos. Forget about bricks and mortar venues – you can now get an immersive casino experience using your computer or smartphone. Furthermore, there are some amazing live dealer games that connect you with a real human dealer via a live streaming feed!

Who would have dreamt of technology like this? We are spoilt for choice when it comes to online casinos and many have brilliant online-only promotions too, such as the Wow Vegas promo code.

Online casinos offer great value for money and more convenience, and remove the burden of having to take a day out to visit an actual casino. The internet has certainly boosted this industry and it doesn’t look likely to slow down either!

2. Online sports betting

You may think that these two industries are the same but there are key differences. Like online casinos, online sports betting continues to grow and is huge business around the globe. In decades past, the only type of sports betting was on horse racing.

Furthermore, you would have to travel to your local bookmakers to place a bet and watch the races, which wasn’t exactly convenient. Today, however, you can simply load your sportsbook app on your phone and place bets with a few taps of your finger!

Big platforms like 888 Sport and Paddy Power cover a mind-boggling array of sports, including tennis, football, rugby, basketball and golf. Furthermore, you can place wagers on virtually every league relating to a particular sport, including major tournaments.

3. Trading (crypto, NFTs, forex etc.)

If you think back to trading in decades like the 80s and 90s, you have images of bustling trading floors on Wall Street, where people were madly making phone calls and trying to secure deals from bidders.

Fast-forward to the 2020s and trading is much different. Firstly, trading is largely digital and online, and the internet has completely transformed the accessibility of foreign markets and allows people to trade 24/7 if they so desire.

Secondly, trading is now much more accessible for the average person to potentially earn a little extra cash. There are countless mobile trading apps and online platforms like Binance and Coinbase where you can trade cryptocurrencies, forex, futures and shares. Without the internet, trading would still be lagging behind and using antiquated technologies.

4. Video games

I remember growing up and using video games consoles like the Sega Mega Drive and PlayStation 1. These consoles were purely offline and although they represented a huge leap in gaming technology, the only way you could play with your friends was if they came around to your house and you had two controllers!

Today, we are simply spoilt for choice with multiplayer games and online playability. There are hundreds of amazing titles on all major consoles like the PlayStation 5 and Xbox series XS that allow you to face off or cooperate with people from the opposite side of the world. I would have never dreamt of this when I was a kid!

Games like Call of Duty Warzone, Fortnite and League of Legends center on online gameplay, which makes the titles so compelling and replayable. Each game could present a new challenge or twist, and there has never been such a good time to enjoy online video games!

5. Travel

Surprisingly, travel has also flourished online. Obviously, not physically traveling to other locations – but the services and industries surrounding it. In decades past, to book a holiday or research a new destination to travel to, you would have had to go to your local travel agent.

They would have given you advice and brochures, and even booked the holiday for you – at an additional cost, of course. Now, all you have to do is open Google on your smartphone and go to a website like Hotels.com or Expedia and you can get a package deal booked in minutes! This has radically altered how we travel and made far-off destinations much more accessible to a wider range of people.

These are just a few examples and there are countless more businesses and industries that have truly flourished due to online activity. Online casinos and sports betting are certainly two of the biggest, but online gaming and trading are also big news. Are there any industries you can think of that could be included in this list?

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