The unexpected rise of the COVID 19 pandemic has been the harbinger of unprecedented growth in the global OTT market. Even before the lockdown started the OTT market had grown by 15% in 2019. With the pandemic on a rise and lockdowns being extended, people are afraid to venture out. Most of the cinema halls, malls, adventure parks have been shuttered for a good part of this year, and consumers are left with very few entertainment options. They invariably seek to find means to entertain themselves in the safe confines of their homes. And this is where OTT platforms have come to the rescue.
The ongoing pandemic has indeed accelerated the demand for certain technologies/trends that will either help various industries in maintaining the “new” standard operating procedures at the workplace or transforming the way business is done in order to generate new sources of revenues
Let us pick up some industries and evaluate how the pandemic has made way for certain technologies/trends:
Industry reports predict the mixed impacts of COVID-19 on the IoT market. From the technology perspective, enterprises are looking at CAPEX reduction over the short term and automating processes to make supply chain and manufacturing more flexible over the long term. Specific IoT applications like remote asset tracking, drones, healthcare, smart cities with easy to install IoT solutions will have an uptake over the coming weeks.
Do you have an upcoming project and wantus
to help speed up your time to market?
These cookies are necessary for the website to function and cannot be switched off.
These cookies allow us to monitor traffic to our website so we can improve the performance and content of our site. They help us to know which pages are the most and least popular and see how visitors move around the site. All information these cookies collect is aggregated and therefore anonymous. If you do not allow these cookies we will not know when you have visited or how you navigated around our website.
These cookies enable the website to provide enhanced functionality and content. They may be set by the website or by third party providers whose services we have added to our pages. If you do not allow these cookies then some or all of these services may not function properly.
These cookies may be set through our site by our advertising partners. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. They do not store directly personal information, but are based on uniquely identifying your browser and internet device. If you do not allow these cookies, you will experience less targeted advertising.