(Newswire.net — March 26, 2018) — In the last two decades, the internet has changed the way business is done. The biggest game changers were Amazon and eBay. Both these companies focused on products rather than services. However, the demand for services has only increased in the last few years.
Over 60% of GDP comes from services in most developed countries. UK saw 79% of its GDP come from the services sector, while 80% of people were employed in the services industry based on the latest data available from 2011. Just 10% were employed in the manufacturing industry. France and USA are similar, Germany saw 69% of its GDP coming from services. A massive shift has happened in the last 100 years.
After the economic downturn in 2008, the services industry has driven the economies in the UK, US, France and several of the G7 countries.
Going Local vs. Going Global
A decade ago, companies were focused on a global strategy. However, a lot of things seem to have changed since then. Even companies that are going global are customizing their strategies for the local market.
Understanding local markets and creating platforms that are focused on finding service providers closest to home seems like the new trend.
Once upon a time, people relied on the yellow pages or local directories. Calling several businesses before you find a reliable vendor became a challenge.
Now we have several platforms like StarOfService where one can hire a service provider for almost any service. The biggest advantage is that one can post a request, and several service providers can bid and fight for business. Customers can choose any of the service providers based on price, and ratings.
Most of these platforms are localized, and one can find a service provider in their local area. This is beneficial not just to clients but service providers as well. Several service providers have used these platforms to build a lucrative business for themselves.
Most in demand services
Service providers like Plumbers, Electricians, event organizers, DJs, fitness trainers, and Photographers, are in great demand. Along with this, finance and accountancy jobs seem to be in great demand. There were over 80,000 vacancies for finance and accounting jobs all over the internet.
Other jobs like HR and marketing were also right up there in the in-demand segment. All these demands are creating opportunities for service providers. But the biggest challenge has been getting service providers on one platform.
We are seeing platforms like StarOfService and others who are trying to organize the services marketplace. It is an opportunity to bring service providers and buyers closer together.
The day is not too far away when almost any service can be purchased without leaving the comfort of your home. Clients will be able to connect with service providers in their immediate neighborhood with a computer or a smartphone.
The world of services is going through a massive disruption. The marketplace is getting more organized, and technology is leading the way.
More than products, it’s services that are going to dominate the next decade. Future generations are going to be working in service-based jobs rather than manufacturing jobs. Schools and Universities too will start gearing up towards this massive change.