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The Reshaping of Industries Caused by COVID-19

Analysis of Critical Forces Shaping Growth Opportunities

Frost & Sullivan
4950 USD https://store.frost.com/the-reshaping-of-industries-caused-by-covid-19.html
RELEASE DATE
31-Aug-2020
REGION
Global
Research Code: K4FD-01-00-00-00
SKU: CI00716-GL-MT_24628
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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

Strategic Imperatives

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™

Growth Opportunity Analysis

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 Universe

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

Appendix

Introduction—Our Global Future Risks Universe

Introduction—How this Analysis Should be Read

Next Steps

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)

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