Over the past several decades the digital economy has experienced unprecedented growth. Currently estimations are that it is worth over $16 trillion and accounts for around 15% of global GDP. Digital consumption is on the rise and it is estimated to reach $16.5 trillion or 17% of the world’s GDP by 2028.
The demand for digital content is continuing to grow and there are currently around 5.64 billion internet users which represents almost 69% of the world’s population. Over 70% of the world’s population are unique mobile users, a trend that continues to grow as emerging countries focus on creating digital infrastructures that offer internet connectivity and smartphones at reasonable prices which means that the number of online users continues to rapidly expand. This increased connectivity means that more users are accessing online experiences which creates an ongoing demand that is driving economic growth across all digital sectors.
Online Experiences are Driving Economic Growth
Online experiences include areas such as e-commerce, live streaming, remote work, e-learning, and online gaming has created a massive market. There is a rise in job creation to fill the different roles that are necessary to keep the industry moving forward. In emerging countries, this has created new opportunities for skilled individuals to work across the industry. Increased employment opportunities have greatly improved the quality of life in emerging countries, raised the standard of living, and helped to boost local economies due to the fact that individuals have more disposable income.
Online experiences have helped increase the level of exports and even small businesses now have access to international markets. This has been especially prevalent for e-commerce and online business platforms who can now easily connect with customers around the world creating new business opportunities.
It has contributed to the creation of new economic models. Digital transformation has especially impacted the retail sector over the past twenty years and e-commerce has become one of the most popular methods of shopping with platforms like Amazon and Ebay leading the way. Service based businesses that offer services rather than physical products such as Netflix or Spotify have created subscription services that ensure that there is a steady revenue stream and helps these companies to maintain a steady revenue stream.
The Online Gaming Industry’s Contributions to Tax Revenue and Tech Development
The online gaming industry has a massive impact on tax revenue and technological developments. Over the past five decades it has undergone an evolution from simple home consoles and arcade games into sophisticated mobile games that are cloud based and have features such as augmented and virtual reality. The continual innovation and easy accessibility to online gaming has made the industry one of the forces contributing to the increased growth in the sector.
Gaming has become mainstream evolving from being a niche activity into a worldwide phenomenon that influences entertainment and lifestyle choices. The impact on the global economy is massive, and financial predictions estimate that the online gaming industry will generate revenue of $321 billion by 2026. Emerging countries are contributing to this figure. Gamers now can more easily access and enjoy diverse gaming platforms, offering more opportunities for different demographics to engage in gaming. The Covid-19 pandemic helped to accelerate this growth as during lockdown video games became one of the most popular forms of entertainment. It helped combat the feeling of isolation through online social contact that fostered a feeling of mental well-being.
Emerging countries with large populations such as India, where the internet infrastructure has been revolutionised, and 90% of the population are playing games on smartphones, has and will continue to contribute to the growth across the gaming sector. The increased revenue means that local and regional economies benefit from the taxes that are generated which can be used to improve public services that help to enhance the lives of residents.
As a Leading Online Platform, Casino Days Is A Perfect Example Of How Digital Experiences Create Scalable Business Ecosystems
Created in 2020, Casino Days is a newcomer to the online gaming industry but has already established themselves as being one of the leading online platforms for gamers that seek the ultimate gaming experience. The platform has created a scalable business ecosystem through the use of a gaming license that allows access to different international markets, creating a massive potential customer base. Partnerships with affiliate companies means that valuable partnerships can be created and also helps to market the brand in niche markets.
The massive gaming library is constantly adapting to user demands which keeps the platform ahead of its competitors. The use of machine learning and understanding customer behaviour means that gamers can enjoy experiences that are tailored to their personal preferences.
Cloud based streaming creates a seamless experience for gamers offering live games, an immersive experience, rapid updates with no downtime, and global accessibility. Casino Days operates in several different countries and ensures that platforms are designed to align with the cultural preferences of local gamers. It offers flexible payment options so that users can pay using local currency and payment methods as well as offering regional languages offering each user a personalised experience which makes them feel valued.
Security is a top priority, Casino Days operates transparently and adheres to the rules of fair gaming. This ensures that online security and gaming experience is a top priority for every customer. The platform has been optimised so that they are mobile friendly in countries such as India where most games are played on mobile phones. Users can enjoy state of the art gaming with a user interface that adapts perfectly to smartphone gaming.
Experience the Exhilaration and Excitement of Live Online Casino Games at Casino Days
Do seek the thrill and excitement of a real bricks and mortar casino at your fingertips and in the comfort of your home? Explore the hundreds of live online casino games on Casino Days which has one of the largest gaming libraries in India with games that are supplied by top gaming providers such as Evolution, Spribe, and Play’N Go.
Explore the vibrant world of live online casino games where you can enjoy classic table games such as blackjack, joker, baccarat, roulette, and live game shows. Games are broadcast with live HD streaming either from specially designed studios or from games in real casinos. This immersive state of the art experience means that gamers can enjoy the thrill and exhilaration of playing games in a simulation of a real bricks and mortar casino where a real live professional dealer deals all the cards, spins all the wheels and shuffles the cards.
The games are all run and monitored under the watchful eye of the dealer to ensure that each player can enjoy games that are fair. Gamers can interact with the dealer in real time with the live chat feature or chat with the other players which creates a fun and social atmosphere through the gaming experience.
Customer safety and security is a priority at Casino Days and gamers can rest assured that all of their details and financial transactions are secure through the use of state of the art SSL encryption that blocks third party access. The site is fully licensed by the Caraçao Gaming Board and the platform adheres to the rules of fair responsible gaming with measures in place such as deposit limits and and self exclusion so that players can control their gaming habits and ensure that they remain safe, fun, and healthy.
