10 Major Post-Covid Businesses

The COVID-19 pandemic has greatly altered the world and the consumption of goods and services in numerous ways. While looking at the post-pandemic era, several types of Covid businesses are expected to emerge and grow in the market. Here are 10 major post-COVID business opportunities:

Here are 10 major post-COVID business opportunities:

1. Communication Tools and Services

As the notion of remote work gains more popularity, software and products that facilitate work in virtual teams will be popular. This ranges from Video conferencing, cloud computing, cybersecurity, project management tools, and many others. Remote working is now part of today’s society, and it is likely to continue even after the pandemic crisis is over.

2. Online Shopping and Delivery(Covid Businesses)

Online sales and deliveries considerably increased their market share with the help of strict lockdowns and social distancing measures. The customers shifted their behavior and started purchasing goods ranging from food, clothing, and electronics to furniture online.

In addition, a significant number of local retailers were forced to switch to online selling channels. A possible change is the increase in the use of delivery by drones and robots that do not require direct contact with people. It is a no-brainer that online shopping is set to expand as the dynamic of consumers evolves.

3. Digital Healthcare and Telemedicine

Telemedicine or a virtual doctor appointment became popular when clinics were shuttered and people steered clear of hospitals. Teleconsultation, AI-integrated initial diagnosis, and IoT-incorporated treatment through a telemedicine platform have shown some possibilities.

The use of digital service delivery for health care is also likely to gain more prominence after COVID-19 as well.

4. Edtech

Due to school and college closures that are for longer durations, there has been a vast use of electronic learning platforms, online classes, virtual lessons, video conferencing, etc. They have used education technology to ensure that learning goes on as planned to minimize disruption. As tech, it also stands to reason that it will remain a viable remote learning solution in the future.

5. Clean Tech and Sanitization

UV lighting-based sterilizers, surfaces with antimicrobial properties, touchless equipment and fixtures, air quality sensors, automated cleaning solutions, clean technologies, and products among them.

The anti-virus products and other such items of daily use will have a steady market with consumers always lurking behind a germ or virus. Other services will also increase in relation to the main service offered in the process of achieving those goals.

6. Immunity Boosters and Supplements

Self-care products that claim to boost immunity to disease have for instance become more popular. Probiotic products, organic food, fruits, and herbs that have been widely believed to hold certain health benefits, multivitamins, and similar immunity-enhancing products would continue to gain popularity and sales.

7. Gaming, Entertainment, OTT

Gaming apps, video streaming platforms, on-demand online entertainment modes, and other OTT markets that helped consumers consume media content rose sharply during the lockdowns. These will continue to expand as additional low-cost entertainment and diversions for in-house consumption. Another aspect that will continue to increase its incorporation is VR and AR.

8. Food and Grocery Delivery

Food delivery applications and e-commerce grocery delivery services that offered contactless delivery experienced an increase in usage across the cities due to mobility constraints. Many retail grocery stores also adopted such options. Next in line, is the grocery delivery which will be enabled through quick commerce.

9. Digital Payments

Digital payments also gained popularity among consumers who earlier relied on cash as they perceived it being a mode of spreading the virus. ‘Tap and go’ contactless payment entry points such as Blockchain, Biometrics, etc will emerge. The notion of Crypto could further become more conventional.

It is projected that payment automation will become more widespread across the retail sector and numerous other industries.

10. Workation Destinations

Since technology has made it possible for people to work online in different sectors from the comfort of their homes, many are now choosing to reside in these unique homes in the middle of the natural environment rather than in congested cities.

Independent homes, farmhouses, villas, small houses, scenic locations, weekend homes, or such second homes are being converted to work from home for long-stay workstations. It is advantageous in that, it brings tourism opportunities to otherwise inaccessible places.