Communities and companies are giving their best to function and perform, and eventually cope with the challenges raised by COVID-19 pandemic.
The daunting COVID-19 crisis has led the companies to plan short and long term goals to establish business continuity.
The Future Ahead
Industry leaders are focused to create responsible business practices to deal with crisis situations like COVID-19 pandemic.
Many countries and organizations such as the US Centers for Disease Control and Prevention recommend airborne precautions for different situations involving COVID-19 patients.Read More
The current lockdown situation is positively influencing the market for smart air purifiers owing to their comfort of use and control.
Gel Seal type of HEAP filters accounts for major revenue in the market, especially from the high adoption rate in the pharmaceutical sector.
Demand for photocatalysts is projected to substantially increase in the current pandemic situation owing to its ease of use and effectiveness in providing protection against corona virus-containing aerosols.
Persistence Market research expects the demand for face and voice biometric services to reach a new high in this lockdown period. The hike in the population working from home during COVID-19 has placed the biometrics sector in a highly beneficial position.Read More
The internet-based application of face and voice biometric service accounts for easy management and governance, which substantially increases its adoption rate.
COVID-19 has also highlighted the importance of biological safety. The current speculations associating corona virus with a biological weapon have placed the safety and security of biologics and its products such as somatic cells and gene therapy in lime light.
High demand for body temperature scanner is witnessed in all the areas due to covid-19. Commercial spaces such as offices, laboratories, health care institutions, and police stations account for a major percentage of the demand. Hotels such as Marriot and the Oberoi Group have amped up their efforts of body temperature scanning, positively influencing the market growth.Read More
In any condition, temperature screening and temperature management of corona virus patients occupies a vital space.
Market players are introducing smart temperature sensors as effective scanning solution.
Smart Tempreture monitoring sersonsrs comes in the form of temperature monitoring patches that weigh less than 3 grams.
International organizations such as the World Health Organization have rolled out warnings against hackers and cyber scammers vigilantly exploiting the COVID-19 pandemic situation. These anti-social elements are using fraudulent messages and emails to encourage users to disclose their personal identities. Different cyber intelligence centers have come in action to mitigate the malpractices of misguiding customers and employees.Read More
The cyber security market is gaining momentum with the growth in cyber threats.
The teleworking culture is giving rise to competition in the workforce management software market.
Unified communication is the other segment that is exhibiting a massive growth graph in the COVID-19 pandemic.
The demand for enterprise unified communications voice equipment is picking up pace in the market with an influx of multiple products.
An increase in the lockdown period across different nations is expected to decline the overall monetary value of transactions. However, even with the purchase of necessary goods, the digital payment market is expected to witness an increase in revenue.Read More
The advisory issued by Reserve Bank of India urging the consumers to use digital banking facilities also plays a major role in the growth of mobile transaction services.
Acquaintance to advanced technology in this time of emergency is projected to have a very long term impact on the consumer mobile payments market.
Retailers are proactively adopting marketing strategies to gain maximum from this accelerated consumer participation in mobile payment transactions.
The spike in the inclination of consumers towards digital transactions is influencing the payment security market.
International organizations such as the World Health Organization are stressing the importance of good hand hygiene as a protective measure against the transmission of corona virus. The growth in hand washing and personal hygiene practices has proportionally increased the demand for soaps and light detergents.Read More
The sale of washing and cleaning products is witnessing a significant hike owing to the existing panic scenario.
The growth in hand washing and personal hygiene practices has proportionally increased the demand for soaps and light detergents.
Closed laundry shops are hampering the consumption of dry laundry detergents, depressing the revenue of the detergents market.
Products such as detergent alcohols, used in the manufacturing of detergents are witnessing a rise in demand owing to the burgeoning demand of detergents
The entire globe is engrossed in the detection and identification of corona virus in patients suffering from respiratory ailments. Escalating demand from different end-users such as hospitals, laboratories and academic institutions is propelling the growth of the molecular diagnostics market.Read More
Molecular diagnostics has emerged as a very significant area in the identification of COVID-1 patients.
PMR projects infection surveillance systems to be one of the major revenue grosser during the COVID-19 pandemic.
Buoyed by the sudden increase in government funding and a rise in demand for high-speed diagnostics, the biochips market is experiencing staggering growth.
Owing to the high probability of contamination in devices and equipment, the adoption rate of the infection surveillance system and infection detection tests has spiked.
Hospitals and other medical facilities that deal with corona virus patients have emerged as primary end-users of disinfectants. With disinfection is done every few hours, the rate of utilization of disinfectant equipment is very high.Read More
Owing to the high risk of corona virus transmission from different equipment used in hospitals, hospital-acquired infection control becomes very important.
The Robot disinfection market is getting thrust from the high adoption rate of robots for patrolling and monitoring of corona virus patients.
Demand for tools and platforms such as Google plus and office 365 that enable seamless connectivity with employees has increased in different enterprises. Organizations are focused on collaboration tools including VPNs and videoconferencing tools that offer apt remote working policies and can be used in the long run. Organizations are using enterprise communities to maintain the flow of critical business content and collaboration processes.Read More
With a surge in the remote working culture, there is a substantial rise in the adoption of enterprise social networks and enterprise communities.
Different social media monitoring service providers and organizations are using these tools to stay ahead in the market with new offerings.
Social business intelligence has emerged as a key component in optimizing decision business making during the COVID-19 crisis.
With the uncertainties surrounding the cure of corona virus, the lockdown period is getting extended across the globe. These prolonged home stays are projected to give rise to sedentary lifestyles, creating a negative impact on public health. A reduction in regular physical activity is anticipated to enhance the risk of various chronic health conditions.Read More
With the shutdown of gyms and other fitness centers, people are using fitness equipment at home. Demand for fitness equipment has spiked during the COVID-19 pandemic.
Mobile sports and fitness ecosystem is the other aspect of the fitness market which is witnessing a steep hike in popularity and adoption
Fitness enthusiasts are taking the help of mobile health and fitness sensors to track their daily fitness goals.
Kitchen gardens are witnessing a surge in activities owing to the assurance of the uninfected yield. They are eyed as a self-sufficient medium where the producer does not need to step out of their houses in this atmosphere of pandemonium. Besides having a personal source of food supply, the lockdown period is driving the people towards gardening activities. The gardening enthusiasts are utilizing this house arrest time by doing creative activities in their gardens. Such scenarios have significantly escalated the demand for gardening tools.Read More
With disruptions across all the industries the gardening and agricultural equipment involved in different agricultural practices are expected to feel the heat.
This surge is propelling the adoption of gardening tools used in the cleaning of the garden area.
With people confined in the perimeters of their homes, improvement, and maintenance of the garden has become a prime focus. Such developments raise demand for tools like ride-in-mowers in the residential sector.
Organizations are leveraging advanced technologies such as the virtual assistant to propagate information and education regarding COVID-19 across the organization. Amid the surrounding uncertainties, scenario planning has emerged as a vital component in maximizing the value of IT investments in healthcare.Read More
Enterprises are using clinical analytics to set up multidisciplinary teams for validating clinical efficacy and providing the required security, privacy, and support.
With such an escalated requirement of Information technology products, the adoption rate for cloud computing has substantially surged in the healthcare sector.
With rapid changes in the healthcare infrastructure across the healthcare system, healthcare quality management becomes an essential component.
COVID-19 pandemic has influenced every aspect of life and business. International trade in facing disruption in the supply chain, which is impacting the logistics market all across the globe.Read More
The fear of contagion is largely responsible for the changing dynamics in the logistics market.This is adversely impacting the growth of the pallet market.
Demand for RFID tags is increasing owing to the requirement of tracking the disinfected commodities. Railways are expected to generate a major revenue in the market.
With changing consumer behaviors and market dynamics, warehouse management systems have become very important for every organization.
The need for end-to-end stock visibility is fueling the demand for logistics order management solutions. The quest to track rapidly changing consumer demand is propelling the adoption of these systems.
With major consumers restricted in their homes, participation in online communities has increased exponentially. The growing culture of remote working is boosting the adoption of social media among enterprises. The involvement of online portals and platforms in real-time business conversations is paving the way for the growth of online communities.Read More
the online apparel sector is undergoing a stagnant phase. Factors such as social distancing and stringent regulation regarding movement are inversely influencing the business for apparels.
Online pharmacies also queue up in this line of beneficiaries. Owing to the restricted movement, online orders for medicines have substantially increased.
Online tutoring is the other market that is gaining popularity owing to its attributes such as autonomous and flexible learning.
Over-the-counter (OTC) medicines are witnessing unprecedented demand amid the corona virus crisis owing to the restricted visitations to hospitals and health professionals. While the long term medications for different ailments such as diabetes and blood pressure continue generating revenue in the market, it is the OTC painkillers that are witnessing an unusual spike in demand.Read More
OTC topical drugs are maneuvering the growth in the OTC pharmaceutical drugs market with a high adoption rate.
Assessing the opportunities in the current market, drug manufacturers are introducing flavors into OTC pharmaceutical products.
Frontline medical practitioners and healthcare providers have surfaced as the most affected community. Such cases are driving the market for OTC insomnia treatment
The growing culture of social distancing has substantially increased the rate of online orders which is expected to lead towards long term adoption. The amplifying fear of contagion amongst demographics is boosting the e-commerce business in the food and beverage sector. Though the consumers are expected to resume their purchasing behavior after the COVID-19 pandemic, the convenience added by online shopping is expected to witness a surge in orders from the older population in the coming years. This inflation in online orders is creating growth prospects in the packaging sector.Read More
The ever-growing concept of sustainable packaging is witnessing a halt in progress during the COVID-19 epidemic.
The market for silver foil has shrunk with minimal usage in households. However it is expected to regain this depression in revenue with a surge in the use consumption of silver foil in-home delivery food items.
The growth in the market is positively influencing the associated markets such as the packaging additives sector.
Amid the crisis raised by corona virus, the pharmaceutical sector has landed on the positive side with relaxations in strict lockdown. Though the existing pharmaceutical supply chain is adequately growing to satiate the current demand, the pharma companies are growing concerned about the impact of COVID-19 on the industry in the long term.Read More
Disruptions in the import and export of active pharmaceutical ingredients from China, a leading manufacturer and exporter of these ingredients, have raised concerns in major corners of the world.
Fill-finish processing comes only after upstream bioprocessing, the realization of the active component by fermentation or cell culture, and the downstream process of purification.
In the quest for effective COVID-19 drugs, the development of new product pipelines has accelerated, creating growth prospects for the outsourcing companies in the pharmaceutical industry.
The growing awareness regarding the touch-based transmission of covid-19 has emerged as the primary factor hiking the demand for hand sanitizers. The demand has increased significantly creating pandemonium in the market. With the fear of unavailability of sanitizers in the market, a major segment of the population is involved in creating reserves of hand sanitizers with them.Read More
Hand sanitizers have become a commodity of significance in the current times of crisis owing to the touch-based transmission of the corona virus. World Health Organization is stressing on maintaining hygiene and washing hands.
Consumption of hand sanitizers as cleanroom disinfectants is also driving the growth of the hand sanitizer market.
Globalization has augmented global interconnectedness and dependency which is encouraging disease outbreaks from the regional level to global catastrophes. The same element of globalization is helping to unite global scientific efforts, propelling the world towards advancements in technology and knowledge. Virus and bacteria are traveling across borders with our progressive global air mobility era.Read More
Witnessing the chaos created by COVID-19, the health authorities of different nations are expected to make small pox vaccine as a mandatory travel vaccine.
Owing to the high chances of contamination of medical equipment used for vaccination, oral vaccine is anticipated to gain prominence over the injectable vaccines.
Scientists engrossed in innovating the COVID-19 vaccine are projected to include viral vaccine media in their research and development activities.
The market for UV devices is witnessing a major hike in demand for different disinfection purposes such as disinfection of floors, HVAC system, and equipment surfaces. This demand is picking pace gradually across all the sectors, creating a new revenue source in the market. With the growing mortality rate in COVID-19 crisis, the UV LED technology has come into the limelight.Read More
Closed borders and restricted air movements are restraining the availability of ventilators as per demand. Domestic production has emerged as the solution in these grave times of emergency. Industry leaders are looking into ways to save lives of maximum possible corona virus patients by enhancing the production of ventilators. The world leaders are stressing on smooth trade of ventilators to satisfy the demand from highly affiliated regionsRead More
With the growing morbidity rate, mechanical ventilators are expected to gain traction in the market at a rapid pace. Along with the recovering patient populations, a lot of COVID-19 patients are falling critically ill, creating demand for mechanical ventilators.
The critical cases of COVID-19 are expected to require ventilators along with MRI machines to keep a check on the patient's conditions.
The game registrations have substantially surged and the download rate is continuously accelerating. Assessing the underlying opportunities during the COVID-19 pandemic, the online games companies are focused to enhance the compatibility of their online games with different models of smart devices and software. The availability of these games for every age group further surges the participation rate, generating high revenue in the market.Read More
The home locked population is diverting towards the online gaming market to utilize their free time.
Demand for cloud gaming is also augmenting during the COVID-19 pandemic owing to the high penetration of the internet amongst the consumers
PMR highlights that family entertainment centers will raise major revenue in the market during the corona virus crisis.
The new players are facing difficulties in joining these games owing to the lack of VR accessories such as VR headsets.
An increase in penetration of the internet has expanded the market for video-on-demand. A spike in the demand has been observed for the broadcast and internet video software during the COVID-19 crisis. The urge to socialize from home is increasing the demand for live video streaming services. Growth in the use of smart devices is escalating the need for internet video software.Read More
A spike in the demand has been observed for the broadcast and internet video software during the COVID-19 crisis.
The components of digital terrestrial television such as smart TVs are also contributing to the revenue generation in the market. Internet surfing from smart TVs has spiked in the COVID-19 crisis as a medium for family entertainment.
Opportunities in ad-supported-video-on-demand market for both the parties, the advertisers, and video providers. PMR predicts such developments to generate a major revenue in the video-on-demand market.
Owing to the travel restrictions, educational institutions and businesses are adopting remote learning policies. Different researches indicate that work-from-home culture has developed a vast new base of users for video conferencing tools, leaving a remarkable impact on the technology's landscape. The service providers in the market are using the crisis as their advantage by offering free services for encouraging new users to join the consumer base.Read More
Enterprises are witnessing a steep hike in the demand for video conferencing endpoints and infrastructure solutions owing to its capacity to enhance productivity and reach.
Virtual care in the healthcare sector has emerged as a major end-user which is generating huge revenue in the market.
Web real-time communication is also gaining rapid traction in the market as an interface browser interface that facilitates real-time communication between different internet browsers
Multinational companies have witnessed major disruption in the manufacturing sector including functional textiles, automobile, household appliances, and hi-tech goods have been affected.Read More
Factory shut downs are also causing substantial disruptions in product launches for the high-tech manufacturing sector, impacting supplies of consumer electronics such as smart phones.
The healthcare industry is on the verge of disruption owing to issues in supply chains. However, the demand for nose masks, Surgical Respirator Masks and sanitizers has soared.
A key strategy for large scale retailers would be to reinforce delivery services through collaboration with smart logistics companies.