Coronavirus Pandemic has created turbulence in the entire world by bringing offices, workplaces, theatres, restaurants, malls, and every business at a standstill. Most of the companies are struggling to continue marketing and cater to the needs of their customers as the cities and towns have been locked down.
The enterprises are hampered due to restrictions in travel and Shelter-in-place orders to most of the cities due to which employees are not able to come to the office. The students and teachers are not able to attend schools and universities due to the coronavirus pandemic.
The pandemic has slurred the economic warfare in the industries when every company is struggling to sustain itself. The shares of tech giants are plummeting; however, some tech companies are seeing unprecedented growth in their business. Read more.
Companies that have Emerged as Winners in the Coronavirus Crisis
The newer challenges have brought new business opportunities, which are mostly related to remote working and connectivity capabilities. Here are companies leveraging the increased demand for remote connectivity in the times of crisis
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Zoom Video
The company has seen a massive increase in demand as most of the agencies, meetups, and companies are now setting up virtual meetings and conferences over the internet. The immense capability of remote video conferencing and remote work tools bring ease to the workers and agencies that are caught up due to lockdown.
Since employees cannot travel and commute due to pandemic outbreaks, the virtual; meeting tools from the company provide convenient and affordable access to the users to come together and work virtually. The Zoom video communication CEO, Eric Yuan said that the coronavirus outbreak brought an excellent prospect for the company
“I had to shut down my phone, because almost everyone is calling us,” given the coronavirus. “Ultimately, almost every company, they need to have a tool like this. I think that based on IDC estimates by 2023, that’s a $43 billion market.”
Teladoc Health
Healthcare visits have now gone virtual, which has created a new avenue for the tech companies providing platforms to the medical practitioners for providing remote health diagnosis. Social distancing is being practiced across the world to ensure that the spread of the virus is minimal. In such a scenario, people avoid visiting hospitals and doctors.
Thus Medicine and healthcare guidance can now be done remotely. Teladoc Health is one company that is gaining in the coronavirus crisis. As per a statement by CNBC, Medicine is changing dramatically in this critical period,” says CNBC. And one of the most significant changes in the surge in “telemedicine,” which connects clinicians and patients remotely, without breaking quarantine or “social distancing.”.
Sona Nanotech
The company works in the field of diagnostics and can create a breakthrough in the testing of coronavirus and deliver kits for effective and affordable tests. The company has a partnership with GE Healthcare and life sciences. The coronavirus crisis has posed excellent opportunities from the company.
The remote connectivity and ability to access secured networks using VPN and WebEx have never been in such high demand. The coronavirus crises have given a tremendous high to the order of the Cisco WebEx and VPN offering. Cisco is boosting its WebEx tool to support companies due to lockdown.
LogMeIn
The coronavirus crisis needs to be tackled with great sensibility. Thus the companies like LogMeIn are providing educational institutes, non-profits organizations, and healthcare professionals to access their tools like GoToMeeting and GoToWEbinar.
Microsoft Teams has also seen an increase in demand as the companies work remotely.
As it is said, within crisis lies an opportunity, and in the changed circumstances, the above companies are emerging as winners.