The Growing Trend of Digital Economy: A Review Article

Abstract

Purpose – The digital economy is becoming more popular these days. Thus, this article aims to review the growing trend in the digital economy systematically.

Method – A narrative synthesis was employed. Moreover, the literature was reviewed systematically to describe the digital economy. The literature and information were obtained from various books and research articles on EBSCO, Google Scholar, Scopus, Web of Science, and ScienceDirect. The inclusion criteria were studies that clearly defined digital economy, were published and written in English, and were peer-reviewed.

Results – There is a growing trend in the digital economy. Moreover, the opportunities and digital economy challenges are important to many countries' economic systems.

Conclusion – It is critical to carefully pay attention to the digital economy to enhance and grow the economic systems.

Recommendations – The recommendation is to consider empirical research. A qualitative approach, such as interviews, could also give insight results and a clear view. Moreover, it is recommended to consider a quantitative study, such as online surveys.

Research Implications – This review article contributed to the existing literature on the digital economy. Hence, it could be used to guide future research on the digital economy.

Practical Implications – This review article could lead to a better understanding of the digital economy. Therefore, the implications could be applied to any sector in better understanding and implementing appropriate strategies, regarding the digital economy.