Modern venture capitalists have termed the word industry disruptors to talk about companies that have been able to disrupt their industries. These companies are usually in the tech field and they receive a lot of investments and they end up disrupting an entire industry. For instance e-commerce disrupted the brick and mortar retailing industry. This is due to the fact that they chopped up a big proportion of sales from the industry. The number of industry disruptors has increased over the past couple of years. E-commerce has been the leading cause of industry disruption. Some industries have not been disrupted as much as others. For instance the yellow taxi industry of New York has been disrupted by ride sharing companies such as Uber. They are mainly fuelled by the increase in the number of smartphone users. Smartphones and tech has also played a major role in industry disruption. Due to the prevalence of smartphones, fixed telephone line companies have seen the need to evolve and become internet service providers. This is due to the fact that, fixed telephone lines have become less popular over the years. Who needs a fixed telephone line if your cell phone can actually do everything a fixed telephone line can do and more.
Industry disruptors in e-commerce payments
Fintech has become a very spoken about topic over the years and a lot of people have noticed that industry disruptors in e-commerce payments are going to continue. For instance Bitcoin took the world by storm in 2017 when it reached a market capitalization north of 200 billion. This was mainly due to speculative investors, but a lot of professionals agree that bitcoin now plays a huge role in e-commerce payments.
Industry disruptors in e-commerce services
There are certain e-commerce services that have proven that industry disruptors are now taking over. For instance Netflix has become a major industry disruptor. Netflix does not necessarily sell products but it provides services online.