Online Industries and its impact on us

January 24, 2017 News  No comments

To say internet has impacted our lives would be an understatement; on the contrary it has revolutionized our lives. The easy availability and accessibility to information via the Internet has transformed the world into a global village. The spread of the Internet around the globe has created humongous job opportunities and expanded the work circle across the globe. The internet technology has intruded on to different spheres of our lives and has left an indelible impression on us. In this article we shall analyze some important activities in our lives where the internet has percolated and changed it from their original form;

  1. E- Shopping

To say online shopping has replaced the conventional method of shopping by foot would be an understatement. Online shopping has grown on to become an irreplaceable entity.  Be it apparels, groceries, home appliances or even books, buying online seems to be the way forward. Because of the numerous advantages and benefits like cheap pricing, avoiding the crowd, multiple varieties, more and more people say they prefer online shopping over traditional shopping.  According to a report by global payments firm Worldpay, India is set to overtake the US as the world’s largest e-commerce market. Indian e-shopping is expected to reach up to USD 63.7 billion and set to overtake the USA in 2034. That’s rich indeed.

  1. Online Banking

Online Banking refers to the banking services provided by the banks over the internet. Online banking has made tasks like withdrawal/deposits, funds transfer, viewing account statement, etc very easier. You no longer have to stand in queues for hours together. Banks also deliver their latest products and services over the internet. Utility payments like paying your bills, the premium can be done very easily using net-banking. It is extremely user-friendly so beginners won’t have much difficulty to adapt. It is available 24*7, You can perform your tasks from anywhere and at any time.

  1. Online Education

e-Learning involves the use of digital media and technology to bring the learning experience to your living rooms. The education sector in India is no longer restricted to just classrooms. Thanks to the number of mobile apps that have hit the play stores with a focus on education and also the increase in the number of start-ups that have sprung up producing educational materials, online education in India is making rapid strides every day. With an increase in the number of mobile APPs related to e-learning, the sector is expected to reach $1.29 billion, by 2018.

  1. Online Gaming

Games are no exception to this physical to digital transformation phenomenon. Many exciting games like Football, Racing, and Combat wrestling have been digitized and the advanced graphics in such games are giving a real-time gaming experience to players. In India, as many players can’t afford to buy gaming consoles, they are turning up to strategy games like online rummy and online poker which provides a satiating gaming experience.  Mobile gaming has taken precedence over console gaming due to the penetration of smartphones in India. App Annie NASSCOM report reports revenue from games is expected to grow at a CAGR of 87 percent to reach as high as $1.1 billion by 2020.

  1. Online Food Ordering Services

Would you take pains to go to eat out in a restaurant braving the heavy traffic when they deliver your food at doorstep you with an extra charge for delivery? Gone are the days where you have to visit a restaurant whenever you feel like dining out. Now all you would require is a mobile food delivery app which allows you to place an order which will arrive within few minutes. Companies like FoodPanda, Zomato have flourished big time catching on this exceptional phenomenon and making big money.

Many of the activities as mentioned are virtually undoable without the help of Internet these days. In the event you happen to be a skeptic, you shouldn’t mind trying any one of the above activities to steer clear of the doubts in your mind about online Industries. The massive success of these online industries is may be because it gives us vibes about being in a home away from home Remember the proverb “ When in Rome, be a roman”, so it’s always advised to be part of zeitgeist on trends like this.

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