DUBLIN--(BUSINESS WIRE)--COVID-19 is changing the future of your business. A pandemic and quarantine -- unprecedented in our lifetimes – has transformed the global economy and almost every industry in just a few weeks. While many industries have been deeply damaged by the pandemic, many others are seeing a surge in demand.
As the world’s largest online market research store, we have identified thirty areas seeing growth and investment opportunities:
1 Air Purification
COVID-19 is not an airborne virus, but it can be transmitted through droplets in the air, so some retailers are seeing a surge in interest in air purifiers, HEPA filters, and other air quality systems. Even if medical professionals question their effectiveness at stopping the virus, consumers still desire air purification systems when isolated in close quarters.
Biological agents like pathogens and treatments can be used for good or harm, so security measures are critical for laboratories, medical facilities, and industries, expanding the need for bio-safety intelligence, bio-manufacturing, and crisis management.
Facial Recognition companies, like Dermalog in Germany and Telpo in China, are pitching facial recognition software as a sanitary, contactless alternative to fingerprint scanners. Companies are also adapting their facial recognition software to work when people are wearing masks.
4 Contactless Payments
Experts have found COVID-19 viruses to remain alive and infectious three days after being left on a surface – and if that surface is a keypad, it can be touched by thousands of other people in a day. For that reason, governments are increasing the limits of contactless payments, changing the landscape of digital payments and security measures. Food delivery companies like the UK’s Deliveroo have switched to contactless payments to minimise risk to employees, and other firms are following suit.
Remote banking, finance, working and learning through electronic devices creates a widespread and urgent need for security, and pandemics and other crises create additional risks. For example, the World Health Organization (WHO) recently issued a warning regarding cybercriminals impersonating the WHO in an attempt to steal money or sensitive information. Personal Identity Management, VPN, VOIPs, firewalls, Unified Endpoint Management and other online security measures will be vital in the months ahead.
As cleaning and disinfecting is vital to preventing the spread of disease, detergents and other cleaners have seen a boom in sales -- more than 200% in Italy in March, for example -- and manufacturers must boost production to meet the demand.
There aren’t enough COVID-19 tests to meet the demand, so creating new tests will be urgently needed, and companies that deal in diagnostics, microbiology, biotechnology and screening will see an increased need for services in the months ahead.
Many consumers are turning to internet shopping during the crisis, opening up new opportunities for online retailers, supermarkets and other sellers of consumer goods. Those businesses, in turn, will need identity management software, cyber-security measures and distribution, as well as social and electronic media for advertising. At the same time, warehouse and delivery employees will be at greater risk of infection -- one reason Amazon increased hourly pay and overtime pay for employees in its fulfilment network.
More and more people are turning to competitive gaming to fill the void left by traditional sports. E-Sports competitions usually feature popular franchises such as League of Legends, Overwatch and Dota among others. However, traditional sports bodies are taking advantage of the new opportunity to engage with fans. Recently, Formula One launched the Virtual Grand Prix series which will see current F1 drivers competing alongside celebrities and gamers on the official F1 2019 video game. An 128-team FIFA 20 tournament the "Ultimate Quaren-Team Cup" has also been announced which will see teams like AS Roma, Benfica and West Ham compete on the virtual pitch.
During a civil crisis, security companies, police, military and private individuals are seeing a need for increased firearms, ammunition, and security devices of all kinds. Some online retailers of firearms & ammo noted sales increases of more than 200 percent over February, and gun manufacturers are struggling to meet the demand.
Above are ten areas seeing an unexpected rise in demand. To see the full list, please go to: 30 industries seeing a surge in demand due to the COVID-19 pandemic
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