Good Bye 2023| The most profitable business sectors in 2023, from technology to e-commerce

With the farewell of 2023, the arrival of 2024 is now very close. So we bring you how the business sector 2023 fared for India. Along with this we also know which business sectors had the highest profit in India in 2023. So let's find out...

Software and Technology..

Software as a Service (SAS) and cloud base software delivery models were widely used in applications on the Internet. Microsoft, Google, Adobe led to the demand for cloud based solutions. Because of this, the demand for cloud base technology has increased and the business of this sector can reach 232 billion dollars by 2024.

Global Tourism..

After getting rid of Kovid, people were ready to travel. Tourists from many travel destinations started to emerge. Global tourism industry to reach $2.3 trillion in 2023 Its annual growth was 13.9 percent. When Corona struck, the income of global tourism decreased by 40 percent. Now that the fear of Corona has gone, people have gone out and people prefer Singapore and Greece.

Renewable Energy

Carbon reduction campaigns are underway in the world. Renewable energy is becoming an excellent solution for that. The companies which are involved in solar power, wind power, battery technology etc. have created a demand. Like Tesla, Enphase Energy, Siemens etc. demand was seen. Talking about Tesla, the storage revenue has recorded a 40 percent increase in the third quarter of 2023 compared to 2022.

Artificial Intelligence..

After the advent of Chat GPT and Google's Bard, the talk of Chomer AI is going on in the world. The market which was 40 billion dollars in 2002 has now reached 1.3 trillion dollars. Due to the ever increasing demand of AI, the industry is also expected to reach 280 billion dollars. Microsoft and Google are leaders in research and usage. Regulation has also been prepared against misuse of AI.

Pharmaceutical and Biotechnology

After the outbreak of Corona, the demand of pharmaceutical and biotechnology industry has increased. Both the people and the government are beginning to trust his research. While the leadership of Pfizer and Johnson & Johnson is seen at the global level, India's drug manufacturing companies carved their name on the world stage during the Corona period. India's vaccine has already given relief to many countries of the world.

Telecommunications..

Mobile technology is creating miracles in the field of communication. Apart from communication, people are enjoying financial transactions and entertainment with the use of smart phones. Internet based communication is creating more convenient facilities for people. The fact that Apple is being produced in India and the tag of Made in India is ringing on it can be said to be an achievement. New researches coming in the field of telecommunication will make people's lives easier.

entertainment-news media

As internet technology has become important in the world of entertainment, the ATT platform has given ample opportunity to new ideas and newcomers. Films, TV media, digital platforms etc. have been able to expand their reach in 2023 and generate profits by diversifying entertainment for different people. From content creation to streaming services etc. became very useful. Disney and Netflix generated subscription-based revenue.

E-commerce and online retail

Local companies in India, competing with giant companies like Amazon and eBay, adopted click button technology and provided enough facilities to customers. These companies increased the scope of business by holding festival sales. Online shopping is expected to increase by 20 percent in 2023. By 2027, the online shopping business is expected to be worth $8.5 trillion globally.