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The Reshaping of Industries Caused by COVID-19
The Reshaping of Industries Caused by COVID-19
Analysis of Critical Forces Shaping Growth Opportunities
RELEASE DATE
31-Aug-2020
31-Aug-2020
REGION
Global
Global
Deliverable Type
Mega Trends
Mega Trends
Research Code: K4FD-01-00-00-00
SKU: CI00716-GL-MT_24628
$4,950.00
In stock
SKU
CI00716-GL-MT_24628
Description
No economy, industry, or businesses has been spared from the effects of the novel coronavirus (COVID-19). Some industries have naturally been affected more than others and the impacts have been on a larger scale. Major economies were already experiencing a slowdown due to other factors and this global pandemic has only added to the distress, hastening the decline in the world’s GDP.
Risk mitigation actions become important during times of recovery. Frost & Sullivan has identified an exhaustive list of short- and long-term key opportunities that will emerge from the reshaping of industries caused by COVID-19.
The 9 key trends that will emerge from the opportunity universe include the following:
Connected Work: Reformed connected work scenarios will drive the need for “cloud everything”. New subscription-based models will witness a growing demand for Unified Communications as a Service (UCaaS).
Connected Living: An increased adoption of contactless surfaces post pandemic will drive the home automation and security markets. Systems encompassing voice activation technology will become increasingly popular among consumers. Sales of smart home devices will see a 30% year-over-year (YoY) increase for the fiscal year 2020.
Supply Chain Optimization: Seamless integration of end-to-end digital supply chains will increase traceability, sustainability, and transparency within the supply chain ecosystem.
Lights-Out Operations: Autonomous ‘Lights-Out’ Operations will drive the demand for remote asset management solutions, and service providers will focus on data management strategies and data-driven business models.
Technology Advancements: Pandemic preparedness will speed up the deployment of artificial intelligence (AI) solutions and accelerate the pace of AI innovation. Between 32 million and 50 million US jobs could be increasingly assisted by technology to reduce health risks and safeguard productivity.
Smart Cities: Increased spending on technology by smart cities will lead to a surge in adoption of digital tools like crowd analytics, and an increased focus on developing digital platforms and apps for citizens.
Human Augmentation: The adoption rate of customer behavior analytics by enterprises will grow to 20%-21% from 2019 to 2025. Post COVID-199, behavioral data will be used to enhance healthcare systems, financial services, and cybersecurity.
Digital Health: Digital Health driven by telemedicine and robotic care will become the new standard of care delivery. Standardization of service across the care continuum will require an increase in the number of service and technology providers.
Geopolitical Balance: To protect themselves from economic fallout due to COVID, global organizations are coming together to restore geopolitical and economic balance. Organizations like WHO, the UN, and other public/private NGOs are working on rebuilding nations by ensuring that economic stimulus programs are prioritized.
It is evident that COVID-19 has had an impact on multiple facets of our lives – from the way we work, and conduct business or leisure. While some of these impacts have been shifting into major trends, the underlying technology transformation has been significantly accelerated. While this disruption has highlighted several gaps in the existing operating models, it also provides an opportunity to build more resilience in the system, and this is where companies should strategize, build, and grow in these times of adversity.
In the near term, companies should focus on diversifying their supply chain and leveraging new opportunities arising from changing customer demands. Over the long term, it is important to internally adapt to new technologies that support workplace and operational continuity to have a smoother transformation during the recovery phase of the pandemic.
Table of Contents
Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top Three Strategic Imperatives on Industries Post COVID-19
COVID-19 Strategic Context
Economic Impact of COVID-19
The Post-COVID World—Growth Imperative
Key Findings
Growth Opportunities Critical for Future Success
Growth Opportunities Critical for Future Success (continued)
Growth Opportunities Fuel the Growth Pipeline Engine™
Connected Work—Key Facts
Connected Work—Overview and Post-COVID Outlook
Connected Work—Overview and Post-COVID Outlook (continued)
Connected Work—Overview and Post-COVID Outlook (continued)
Growth Drivers for Connected Work
Growth Restraints for Connected Work
Companies To Action Profile—Connected Work
Case in Point—Connected Work
Case in Point—Connected Work (continued)
Post-COVID Outlook
Connected Work—Summary
“Lights-Out” Operations—Overview and Outlook
“Lights-Out” Operations—Overview and Post-COVID Outlook
“Lights-Out” Operations—Overview and Post-COVID Outlook (continued)
“Lights-Out” Operations—Overview and Post-COVID Outlook (continued)
Growth Drivers for “Lights-Out” Operations
Growth Restraints for “Lights-Out” Operations
Companies To Action Profile—“Lights-Out” Operations
Case in Point—“Lights-Out” Operations
Case in Point—“Lights-Out” Operations (continued)
Post-COVID Outlook
“Lights-Out” Operations—Summary
Connected Living—Key Statistics
Connected Living—Overview and Post-COVID Outlook
Connected Living—Overview and Post-COVID Outlook (continued)
Connected Living—Overview and Post-COVID Outlook (continued)
Growth Drivers for Connected Living
Growth Restraints for Connected Living
Companies to Action Profile—Connected Living
Case in Point—Connected Living
Case in Point—Connected Living (continued)
Post-COVID Outlook
Connected Living—Summary
Technology Advancements—Key Facts
Technology Advancements—Overview and Post-COVID Outlook
Technology Advancements—Overview and Post-COVID Outlook (continued)
Technology Advancements—Overview and Post-COVID Outlook (continued)
Growth Drivers for Technology Advancements
Growth Restraints for Technology Advancements
Companies To Action Profile—Technology Advancements
Case in Point—Technology Advancements
Case in Point—Technology Advancements (continued)
Post-COVID Outlook
Technology Advancements—Summary
Supply Chain Optimization—Key Facts
Supply Chain Optimization—Overview and Post-COVID Outlook
Supply Chain Optimization—Overview and Post-COVID Outlook (continued)
Supply Chain Optimization—Overview and Post-COVID Outlook (continued)
Growth Drivers for Supply Chain Optimization
Growth Restraints for Supply Chain Optimization
Companies To Action Profile—Supply Chain Optimization
Case in Point—Supply Chain Optimization
Case in Point—Supply Chain Optimization (continued)
Post-COVID Outlook
Supply Chain Optimization—Summary
Human Augmentation—Key Facts
Human Augmentation—Overview and Post-COVID Outlook
Human Augmentation—Overview and Post-COVID Outlook (continued)
Human Augmentation—Overview and Post-COVID Outlook (continued)
Growth Drivers for Human Augmentation
Growth Restraints for Human Augmentation
Companies to Action Profile—Human Augmentation
Case in Point—Human Augmentation
Case in Point—Human Augmentation (continued)
Post-COVID Outlook
Human Augmentation—Summary
Smart Cities—Key Facts
Smart Cities—Overview and Post-COVID Outlook
Smart Cities—Overview and Post-COVID Outlook (continued)
Smart Cities—Overview and Post-COVID Outlook (continued)
Growth Drivers for Smart Cities
Growth Restraints for Smart Cities
Companies to Action Profile—Smart Cities
Case in Point—Smart Cities
Case in Point—Smart Cities (continued)
Post-COVID Outlook
Smart Cities—Summary
Digital Health—Overview and Outlook
Digital Health—Overview and Post-COVID Outlook
Digital Health—Overview and Post-COVID Outlook (continued)
Digital Health—Overview and Post-COVID Outlook (continued)
Growth Drivers for Digital Health
Growth Restraints for Digital Health
Companies To Action Profile—Digital Health
Case in Point—Digital Health
Case in Point—Digital Health (continued)
Post-COVID Outlook
Digital Health—Summary
Geopolitical Balance
Geopolitical Balance—Overview and Post-COVID Outlook
Geopolitical Balance—Overview and Post-COVID Outlook (continued)
Geopolitical Balance—Overview and Post-COVID Outlook (continued)
Growth Drivers for Geopolitical Balance
Growth Restraints for Geopolitical Balance
Companies to Action Profile—Geopolitical Balance
Case in Point—Geopolitical Balance
Case in Point—Geopolitical Balance (continued)
Post-COVID Outlook
Geopolitical Balance—Summary
Growth Opportunity Levers
Growth Opportunity—Connected Work
Growth Opportunity—“Lights-Out” Operations
Growth Opportunity—Connected Living
Growth Opportunity—Technology Advancements
Growth Opportunity—Supply Chain Optimization
Growth Opportunity—Human Augmentation
Growth Opportunity—Smart Cities
Growth Opportunity—Digital Health
Growth Opportunity—Geopolitical Balance
Identifying Your Company’s Growth Zone
Critical Success Factors for Growth
Introduction—Our Global Future Risks Universe
Introduction—How this Analysis Should be Read
Your Next Steps
Why Frost, Why Now?
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
Legal Disclaimer
Popular Topics
No economy, industry, or businesses has been spared from the effects of the novel coronavirus (COVID-19). Some industries have naturally been affected more than others and the impacts have been on a larger scale. Major economies were already experiencing a slowdown due to other factors and this global pandemic has only added to the distress, hastening the decline in the worlds GDP.
Risk mitigation actions become important during times of recovery. Frost & Sullivan has identified an exhaustive list of short- and long-term key opportunities that will emerge from the reshaping of industries caused by COVID-19.
The 9 key trends that will emerge from the opportunity universe include the following:
Connected Work: Reformed connected work scenarios will drive the need for “cloud everything”. New subscription-based models will witness a growing demand for Unified Communications as a Service (UCaaS).
Connected Living: An increased adoption of contactless surfaces post pandemic will drive the home automation and security markets. Systems encompassing voice activation technology will become increasingly popular among consumers. Sales of smart home devices will see a 30% year-over-year (YoY) increase for the fiscal year 2020.
Supply Chain Optimization: Seamless integration of end-to-end digital supply chains will increase traceability, sustainability, and transparency within the supply chain ecosystem.
Lights-Out Operations: Autonomous ‘Lights-Out Operations will drive the demand for remote asset management solutions, and service providers will focus on data management strategies and data-driven business models.
Technology Advancements: Pandemic preparedness will speed up the deployment of artificial intelligence (AI) solutions and accelerate the pace of AI innovation. Between 32 million and 50 million US jobs could be increasingly assisted by technology to reduce health risks and safeguard productivity.
Smart Cities: Increased spending on technology by smart cities will lead to a surge in adoption of digital tools like crowd analytics, and an increased focus on developing digital platforms and apps for citizens.
Human Augmentation: The adoption rate of customer behavior analytics by enterprises will grow to 20%-21% from 2019 to 2025. Post COVID-199, behavioral data will be used to enhance healthcare systems, financial services, and cybersecurity.
Digital Health: Digital Health driven by telemedicine and robotic care will become the new standard of care delivery. Standardization of service across the care continuum will require an increase in the number of service and technology providers.
Geopolitical Balance: To protect themselves from economic fallout due to COVID, global organizations are coming together to restore geopolitical and economic balance. Organizations like WHO, the UN, and other public/private NGOs are working on rebuilding nations by ensuring that economic stimulus programs are prioritized.
It is evident that COVID-19 has had an impact on multiple facets of our lives – from the way we work, and conduct business or leisure. While some of these impacts have been shifting into major trends, the underlying technology transformation has been significantly accelerated. While this disruption has highlighted several gaps in the existing operating models, it also provides an opportunity to build more resilience in the system, and this is where companies should strategize, build, and grow in these times of adversity.
In the near term, companies should focus on diversifying their supply chain and leveraging new opportunities arising from changing customer demands. Over the long term, it is important to internally adapt to new technologies that support workplace and operational continuity to have a smoother transformation during the recovery phase of the pandemic.
| Deliverable Types | Mega Trends |
|---|---|
| No Index | No |
| Podcast | No |
| Author | Chaitanya Habib |
| Industries | Cross Industries |
| WIP Number | K4FD-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9A3B |