The meaning of service industry as shown by google
“A business that does work for a customer, and occasionally provides goods, but is not involved in manufacturing”
Starting from taxi industry to entertainment avenues like malls, multiplex to restaurants, hotels, local cafes; banking, trading, internet etc. all comes under service industry.
“Over the roads trucks are built to last. They are designed to travel more than one million miles per year.”
From this fact you can consider the importance of trucking industry with credibility, because service is like never ending supportive work for making other things possible.
A service industry involves a lot of types of work, for giving a brief idea I have given below a list of probable number of workers every human being deal with at some point of time in his/her daily life viz.
With the initiation of the E-age the service industry has brought revolution in improving and making life simple for human beings.
Every day the biggest tech giants are working hard, day-night to improvise and make such products which can bring another level of easiness in the life of people.
Although, you might be aware of it’s importance and has got somewhat idea of about how it has impacted our life. But, after having a brief look at it’s monetary value and share in GDP of an economy, the idea of it’s importance will become more clear.
The above figure shows the share of three sectors of an economy with their share in GDP of India. Figure clearly shows that the share of service industry becomes almost 3 times in 2010 in comparison to it’s value in 1950.
Data clearly says that it’s more of a service industry led list.
Some more References
In an article All the best people have worked in the service industry, the author has even quoted that all the best people have worked in the service industry.
Working in this industry is not easy, because people have to deal with customers face to face regularly and these are the people who actually deals with problems on the spot and finds innovative solutions for it quickly.
Can also read: Things Everyone Worked in Service Industry Understands
Some of the other advantages of working in service industry are:
a. You learns to improvise and dealing with multiple complex problems at the same time
b. You never runs out of inspiration and can opt for creative field in future
c. You deal with a lot of people and it helps you find the reason behind people’s urge for higher wages
d. You learn that it does not matter which school or college you are from, all that matters is whether you have that spark to get things done
You can read more about it at: 12 Reasons why working in the service industry after college is incredibly worthwhile
So, we can conclude that
- Service industry is sector having maximum share in India’s economy,
- A large number of people are dependent on it for employment,
- A lot of other things are dependent on it for their proper functioning,
- It keeps your creative side alive,
- It brings a better experience and path for learning in your life, and
All together is a self-realization course where you have to develop your skills at every point and become better than your competitor to remain best in the market.