Asia has an emerging economy which means more consumers, and even a growing population in many areas, such as Southeast Asia.
So, what are some of the emerging industries that we’re seeing in this economy? As technology grows, here are some of the industries that are starting to perform best:
Gambling
There have been hotspots for gambling around Asia for decades. Places like Macau are known for their gambling scenes.
This has led to a competitive market with many different bonus codes and promotions on offer, such as 此页面 for Bet365. Companies are looking to grow their presence in the region and become the number one platform for people in Asia.
Each country has its own rules and regulations which are dictated by the government, so players need to check these before they play.
Delivery and logistics
We live in a world where people want things delivered more quickly than ever, and this also means that there are opportunities for logistics companies to start up and thrive. In addition, Asia’s hugely successful manufacturing industry requires logistics companies to be able to move items around the world.
In some product categories, Chinese imports alone can make up 95% of the imports to America. This is just one example, but a market requires freight and shipping in order to function.
People are also getting used to same-day delivery for things like groceries, especially in Asian cities, and this means that there are plenty of new businesses with a focus on delivery.
Entertainment
The entertainment industry is certainly not new in Asia, but it is one that continues to boom, and have an increasing influence on the western world too. In recent years, we’ve seen Asian TV shows and films grow in global appeal. Shows such as Squid Game and films like Parasite have been popular all over the world, helping to bring revenue and jobs to the Asian entertainment industry.
According to Statista, the Entertainment market in Asia is projected to grow by 10.64% (2022-2027) resulting in a market volume of $25.91bn in 2027.
Fintech
Financial technology has been evolving for some time now all over the world. A look at local news will probably show you what the uptake of financial technologies has been in your area, including whether digital payment platforms are now preferred to old-fashioned methods.
Across Asia, much like elsewhere in the world, there has been growth in modern banking apps and options that reward customers more while making it easy to transfer money globally, like TransferWise.
Conclusion
There are plenty of growing and emerging businesses in Asia, and this means opportunities for new startups as well as a thriving economy and growing middle class. Asia is vast, so every country is slightly different, but the industries that we’ve covered in this guide are among those that are growing in most parts of the continent.