Top 5 Industries That will Boom After Coronavirus Pandemic
As the whole world is consumed in fighting the coronavirus pandemic, measures like quarantine, lockdown and civil curfew have been imposed to ensure as many people stay at home as possible. The shutdown has had economic implications, but for some sectors it's proving beneficial.
1. Virtual Reality
Currently the video games and gaming systems make up the majority of the virtual reality landscape. However, Deloitte Global predicts that virtual reality – in all its forms – will break the $1 billion mark. Pros expect virtual reality to expand from gaming to other industries, such as health care, engineering, and architecture.
2. Real Estate Industry
Construction is a business that is often considered to be recession-proof. According to Forbes, construction was thriving in 2016 and is expected to keep gaining momentum. Forbes reports that “five of the 10 fastest-growing industries in small business are tied to construction. Contractors involved in site preparation, foundations, utility lines, remodeling and mechanical equipment installation all have been growing sales notably faster than the 8.5% average for all small businesses.”
3. Healthcare Industry
There are clear indications that healthcare is going to be a major sector that stimulates economic growth and contribute to employment. Over 40 million new jobs are expected to be generated by 2020.
Forecasted revenue growth: 2.3 percent
Forecasted job growth 2016 to 2026: 121 percent
Stock market 10-year gain: 185.31 percent
Best sub-sectors: Biotechnology, health data management, personalized health
4. E- Learning Industry
The Internet has opened up a wide range of opportunities for education systems worldwide.
In the coming years, classrooms will use technology like videoconferencing to access resources outside of their physical location. Students also will have access to more personalized learning, thanks to apps and connected classrooms.
For example, already there are companies producing apps that integrate teacher lectures onto tablets, allowing students to watch brief videos or take short quizzes during the day’s lesson.
5. Multi-Level Marketing Industry
When you work in an MLM business, you automatically become an independent business person, a self-made man, and you unknowingly work a lot on shaping your personality. Your personality develops automatically when you communicate with people, speak in meetings, manage your downline, maintain decorum, generate leads, handle emails and website which improves your communicating skills, management skills, disciplines, consistency, focus, confidence etc.
Something which needs to be taken care of while starting with this is to make sure that they are real, not any scam. There are MLMs which are profit making while others tend to be real scams. To beware of them, you need to do some serious research. You need to take reviews from people, consider their reliability and steadiness, products and services, staff assistance, market plan etc. The future of MLM will definitely have a lot to offer with much greater opportunities and scope.