Abstract
The digital economy has caused significant economic and societal changes, which uses data and information technology as its primary components, is currently flourishing, and has emerged as a significant factor behind the economic development of numerous nations. The digital economy is becoming more popular these days, and it is expanding quickly in many countries. The goal is to review the available research to define the impact of the digital economy across a wide range of sectors. The findings are condensed into a framework that highlights the needs, motivations, and objectives of the digital economy across a range of industries to strengthen the economy and pave the way for its eventual widespread adoption. Together, the results of this research highlight how the digital economy can revolutionize a number of industries. The study is noteworthy for its thorough examination of the various ways that the digital economy affects high-quality economic development, providing stakeholders and policymakers with insightful information. This is complemented by other research that focuses on certain topics including the effects on the environment, innovation, financial inclusion, and the function of digital transformation in SMEs. However, in many areas, the digital economy will become increasingly significant in the future.
