The internet will be the bedrock for the booming digital economy globally.
The internet is slowly becoming a basic need in many households today because of the endless possibilities and opportunities it presents us with. Covid-19 has organically ramped up the growth of the internet market as it has been embraced like never before in order to reduce the rate of infections. Here are some of the sectors in the digital economy that have been positively affected as a result.
The lockdown and stay-at-home recommendations have led many people to prefer buying commodities online in order to limit exposure to the Coronavirus. That is why internet market entrepreneurs in the world have been seeing a surge in their wealth. Moving forward, the convenience offered by online shopping is something that we have all become accustomed to and many people will not give it up even after the pandemic.
The word telemedicine has been used now more than ever because of the demand for Doctors-on-call through internet communication among many others. Staying at home to take precautions against Covid-19 infection has made many people opt to request doctors to treat them from home and only go to the hospital if necessary.
Many governments in the world have urged citizens to avoid handling cash because it was playing a key role in spreading the virus. As a result, digital payments became the best alternative. A lot of money digital platforms and bank cards have really taken root. During the post-Covid-19 era, the world over, the ease of buying and selling without touching a note or coin which is bulky and risky, will be something that the world will be angling for with enthusiasm.
Gaming and Entertainment.
With a lot of time in people’s hands, they have turned to gaming and online streaming of programs and movies for entertainment. Videos and movies shown at mkomah.com/2020/10/03/theta-tv/ among many others have been beneficiaries of Covid-19 as people kill boredom with entertainment. Online gaming competitions have taken root with people paying to play with other gamers all over the world. Moving forward, gaming may even become an awarding career in this part of the world since quite some money is being pumped into the same by gaming enthusiasts.
Internet Service Providers.
Globally, internet service providers have reported they are experiencing a higher demand for Home Fibre. Recently, Google in conjunction with some African governments has already launched the Loon project which consists of solar-powered balloons that enable people living in remote areas to access 4G internet. The project was launched to enable many people to access internet services and boost their economy that had otherwise been brought to its knees by the ruthless and unforgiving pandemic. This shows that the internet will be the bedrock for the booming digital economy going forward.
Different people have been venturing into the creative industry through YouTube channels and blog writing. In fact, some bloggers and YouTubers have confessed to quitting their 9-5 jobs in order to go into full-time content creation because it has been a satisfactory source of income.
With a growing online audience and a new crop of consumers, online content creation will create employment for many people to meet the demand already in the market.
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