5 Industries that will come back Strong Post Coronavirus Pandemic
The world has been put to halt due to the rapid spread of coronavirus across every country today. While every country is trying their level best to bring back normality, different sectors will recover according to how deeply their industry has been affected by COVID-19.
When we talk about technologies, certain technological fields have been witnessing exponential growth even in these times of crisis. Hence, we are seeing a major shift towards remote working where technologies are playing a vital role.
Here are some of the industry sectors that will recover and thrive after the pandemic is over:
In the onslaught of COVID-19, Zoom - a video conferencing app - has leapfrogged over 120 percent. Similarly, there has been a seismic rise of 25 percent in share for Slack’s collaborative platform.
With work from home (WFH) gaining popularity, use of remote collaboration tools has skyrocketed in these times of Pandemic. As per the circumstance, collaborative technology is experiencing a bubble and will inevitably burst once governments allow workers to return to their offices. While for many businesses this coronavirus crisis has been a testing phase for WFH methodology. And, this transition towards remote work will be beneficial for many businesses when it comes to cost-cutting.
Moreover, WFH would not only bring more benefits on saving money in infrastructure and utilities, but would bring benefits for workers as they can eliminate their commute and work from the comfort of their home itself.
Also, with the advancements in the fields of AR/VR Technology, remote working would be even more immersive. And it has predicted that more companies would embrace technologies to enable work from home post coronavirus pandemic. Hence, collaboration technology is undoubtedly set to flourish over the coming years.
Coronavirus pandemic has given a tremendous rise in the investments in the healthcare sector across the world. For instance, Eli Lilly ($120 billion pharmaceutical giant) has recently partnered with a biotech startup so as to put up a strong fight against this virus. There has never been a better time than today for healthcare sector with significant increase in the investments in healthcare and pharmaceuticals to meet the rising demand.
Another industry which has benefited out of coronavirus is the Online Gaming industry. As of today, millions of people are stuck in their homes with nothing to do, and hence, it has led to a significant surge in the usage of online gaming.
According to credible sources, players in China spent more than $280 million on Glory of King - China’s leading mobile games. Therefore, this pandemic has given people more time in discovering and growing enthusiasm for online gaming like never before.
Furthermore, another sector which has been flourishing today due to this crisis in online learning. According to a survey, 27.5 million hours was spent on Cornerstone Learning in the month of March, thus indicating that users are investing their free-time wisely on remote learning. So, not only during these times of crisis, but online learning would be getting more preference post coronavirus as well. Online learning would be beneficial for the professionals to learn new skills so as to support them in their career.
Though there have been numerous reports on how the automotive industry has been affected due to the pandemic, but, this industry is likely to come back strong sooner or later. If we look at the 2002 SARS outbreak, the automotive industry was the fastest one to recover among other industries.