The COVID-19 Pandemic has hugely affected the economic position of the country and on a personal level, the people suffered emotionally, mentally, financially, and even physically. And even after so much suffering, the pandemic is nowhere near to end.
But when it does, it already has a lot of after effects stored for us that are going to haunt us for the rest of the time. Due to the lockdown, different sectors of the country suffered greatly but now that is over, people are still struggling to keep a steady income in their family.
While there are so many hurdles that we still have to overcome, on the other hand, there are industries that are waiting to bloom after the pandemic is over. Not only these industries are going to draw in more and more customers, but they are also going to be a great sector to work in, invest in, or to open your business in.
So, Let’s Have A Look:
1.Education Technology
While the schools and colleges are closed because of the pandemic, the online digital platform served as a lifesaver for them to teach their students virtually with the help of video classes, web courses, presentations, etc.
This helped the institutions to continue with their operations while not putting the life of the students on hold. It would be safe to say that the education technology industry is currently the need of an hour.
The industry is currently at its peak and it is expected to grow even after the pandemic as the parents will be scared to send their kids to public places where there is a higher chance of getting infected with the coronavirus.
2.Health and Wellness
It is no surprise that the lockdown has a physical effect on us and it is clearly visible on our bodies in the form of fat. All the lockdown cooking, sitting at home, and doing nothing is finally showing the consequences.
Considering that, now people will be more drawn towards getting their body back together and going to the gym, yoga classes, pilates sessions, etc is natural.
But along with that, now people have become more considerate of their health and immunity since the effect of the virus on the person is all about your immunity. We all have that imminent threat in mind and want to become immune to every virus there is, and for that, it is expected of us to take our health seriously and take some serious steps regarding it.
3.Pharma and Medicine Industry
I can’t wait for the day when the permanent vaccine for coronavirus will be developed and we all be able to take a fresh breath in our nature again without the mask around our face.
And while we will be happy, there going to be other people who will be happier, and it is the people working in the pharma and medicine sector. The whole industry will experience a sudden growth in it and the shape of the business will be changing for the better.
There is going to be a huge demand in the Pharma sector and they are going to make a fortune of it.
4.Online Gaming and OTT Platforms
Online Gaming and Over The Top media is already very trending due to the lockdown but it is most likely to make further progress because of its addictive nature. While movie theatres, physical gaming zones, recreational activities were unavailable, these OTT platforms did a great job in filling the void.
And as people are expected to be habitual of sitting at their home, these are the entertainment activities that will save you from boredom.
5.E-Commerce and Delivery Services
The e-commerce companies such as Amazon, Flipkart, Myntra, and Delivery services such as Grofers, big basket, FedEx helped us greatly by eliminating our need to step out of the house and made our essentials available at home.
The process is very convenient as well as cost-effective. And now with the current pandemic, people would still expect to get everything delivered at their doorsteps and avoid going to marketplaces for the better.
6.Financial Services and NBFCs
This pandemic has made a lot of people sit at home without a job while others lost their jobs, and on top of that, we are also suffering the economic crisis on a personal level due to lack of jobs, unemployment, recession and the ever-going needs.
Considering all these issues, people will be drawn towards the regulated financial service providers and the NBFCs that will serve as a lifesaver for people who require funds on short notices.
7.Saas and Remote Working Tools
Remote Working lifestyle is becoming increasingly integrated with the ongoing business world. Due to the pandemic, the Saas and Remote Working Tools helped the professionals greatly to keep the projects continue and it also expected to be extended in the future as well.
For future business operations, these applications based on Saas and Remote Working Tools are going to be founding stones and it already exists as the need of an hour for the existing ones.
8.Managed Office Spaces
A great alternative for the conventional workplace, these managed office spaces will be a great idea for professionals who are unlikely to travel for work. And now that we are already working from home for months, we are also starting to realize that the need for a conventional office is not so much as we thought and that will keep us open to ideas.
And that’s when the managed office space idea will make an entry and will be the top contender. It also helps by cutting costs and being safer in comparison.
The post These 8 Trending Sectors Are Most Likely To Show Enormous Growth After The COVID-19 Pandemic appeared first on StartupsIndia.
Author: Rakshanda Chandole
Date : 2020-09-25T06:08:57.000Z