Emerging Business Ideas To Invest Amidst COVID-19
The onset and the spread of the Coronavirus (Covid-19) have brought the world to almost a standstill as it has gone on to impact almost every country and every continent. The number of infected people and the percentage of deaths among them have driven people into panicking like never before. Such situations have gone beyond imaginations and social distancing and lockdowns to prevent this, have forced everyone to stay indoors and work from home.
It has now reached a point, where people have started looking for alternative options and business ideas that could be set up from the confines of their homes to keep the flow of money running. However, technology has emerged as the perfect solution to this problem. It has made it possible for business owners as well as entrepreneurs. Here are seven such investment ideas that, with the help of technology will enable entrepreneurs to run their businesses in a more efficient manner and also stand in solidarity with those in need.
1. Grocery Delivery Online
India’s online food and grocery retail are likely to touch $10.5 billion by 2023.
The U.S. online grocery market likely to generate 59.5 billion U.S. dollars sales by 2023.
Amidst the Lock-down situation all kinds of businesses are trying to reach the doorsteps of their customers. This has become essential as a lesser number of people are being allowed to throng in order to maintain social, distancing. This is the precise reason behind the sudden surge in the number of delivery businesses amidst the Corona crisis. This has become more prominent in the area of grocery delivery. More and more entrepreneurs are going for on-demand grocery delivery app development or to create grocery apps like BigBasket in order to meet the growing demand for home delivery of grocery.
2. Online Education
The global online education market is expected to reach a market size of US$319.167 billion in 2025.
The online education market in India is expected to reach INR 360.3 billion by 2024.
The worst-hit areas during lockdown are the domain of education as an educational institution all over the world have been forced to shut down and thereafter shift to the online platform. In a way this has become a boon for the online education industry. At present there are a huge number of efforts going on in building trusted platforms of online learning or on-demand tutor app development. Since education is one thing that people refuse to compromise. These apps have emerged as severe for the children stuck at home and not being able to attend a school or appear for the exam.
3. Online Pharmacy Store
Medicines are one of those products the demand for which is never going to see a decline. In fact, pharmaceutical businesses are now in a position where they have a very crucial part to play. The people who are confined within their homes either due to self-isolation or quarantined have no way of reaching the medical stores and yet required medicine for some reason or the other. It may or may not be for the virus, it may simply be for some minor health complications or even major issues. But not being able to procure medicines on time can complicate their conditions further. Here come the role and the responsibility of the pharmacy to provide the necessary help. Medicine delivery app development and related solutions are being selected by pharmacies and healthcare organizations to meet the crisis.
4. Remote Healthcare Consultation
The global telehealth market is projected to reach USD 55.6 billion by 2025.
Due to reason already stated about going to a doctor in person is also no longer an option. This has paved the path for remote health care solutions. The latter is also playing a very crucial in keeping up with the demand arising as a result of the impact of the Covid-19 outbreak. This is really a tricky situation where health care professionals will have to look after their patients and yet prevent them from stepping outside of their homes. This is where the need for technology and digital interference has been felt again. Telemedicine idea such as On-demand doctor booking app development or online doctor appointment app development has seen quite a rise in recent times to deal with this kind of situation.
5. Fitness and Wellness app
Offline Gym, as well as health centers, have also been affected due to the severe lockdown cases. Since these are not essential services, they are still not being able to open their doors to the public and therefore digital platform has become their only way out.
People are nowadays being forced to turn to a digital workout regimen to maintain their routine exercise within the four walls of their homes. In fact staying fit has also become mandatory in order to prepare the body for fighting with the virus. It is evident that online training app as well as yoga and meditation apps have become the new future of the fitness world.
6. Online Food Delivery
With the restaurant pulling down their shutters for maintaining social isolation, they are also facing a major crisis with the customers stuck at home and them, stuck with their shops closed. It is no longer an option to wait for the situation to get better and normalized with customers pouring on.
The only feasible option is to switch to online delivery where they can continue the business and maintain the social distancing at the same time. It is therefore a good investment option to start the food delivery app development or online food ordering app development.
7. Online Gaming Platform
Gaming was one of those options the popularity of which was never dependent on whether or not a pandemic like Covid-19 would hit the world. However thanks to the lockdown since people have much more time at hand to pursue their hobbies or their long lost interests, there has been a sharp rise in the number of gamers gaming throughout the day. Before the advent of the COVID-19 situation gaming was already a very successful industry. The scopes have only increased in present times as the number of people available for gaming has increased. It is therefore automatically a great idea to go fantasy cricket app development or developing other card and board gaming platforms such as online Ludo, Rummy, Poker and lots many to meet this increasing demand caused by people continuously hooked to their computer systems laptops as well as mobile phones.
Wrapping Up
Covid-19 has definitely made all our lives very difficult to bring our jobs, businesses, and day to day lives to a sudden standstill. These are times when all people have to stand together holding hands in solidarity and helping each other survive and succeed. Since businesses are primarily dependent on customers they are the worst hit of the lot, and innovation and technological aids are the only two factors that can help them stand up on their feet again and make their businesses grow. This might take some time but will definitely prove worthy of all the efforts in the long run and future times to come. The online platform was always destined to be the future of all businesses.
Appinop Technologies
We are a closely knitted bunch of thinkers, designers, developers and investors who are committed to transform the user experience by inventing and reinventing techniques that return high user engagement and increase share ability. Be it Android or iOS Mobile App or an Ecommerce portal, we strive to deliver only the best even if it takes repeated revisions.