Business models booming

3 Business models booming in post-covid world

Post-covid world will be interesting for business space. There has been a massive rise of various industries during the pandemic. We will cover three very important post-covid business trends and models. Article will be about self-hosted businesses, social media rise (and how JayNike offers quality social media services), AR and VR world. Here is the business models that are booming in the post COVID world.

Boom in virtual and augmented reality

VR and AR were actively used in 2020. These technologies have become a part of everyday life and various spheres of life – from entertainment to business. Employees of many companies switched to telecommuting, and AR and VR helped them communicate and work together. Immersive technology opens up incredible opportunities for transformation in all areas. AR avatars, indoor AR navigation, remote assistants, AI integration into augmented and virtual reality, mobile AR, AR in the cloud, virtual sports events, eye tracking and facial expression recognition technology will be more common in 2021, and 5G and broadband internet accelerate technology diffusion. The flagships in popularizing AR and VR will be Microsoft, Consagous, Quytech, RealWorld One, Chetu, Gramercy Tech, Scanta, IndiaNIC, Groove Jones and other companies. 

Increased micro mobility

At the beginning of the year, the micro mobility market slowed down due to the pandemic, but by the end it managed to recover to its previous pace. Electric bicycles and electric scooters are becoming more and more popular, they are an alternative to the usual personal and public transport. The market for private micro mobility solutions is expected to grow by 9% compared to dock times, and the sharing economy – by 12%.

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Milan, Brussels, Seattle, Montreal, New York and San Francisco have built over 30 km of dedicated cycle paths. The UK government announced that sales of diesel and gasoline powered vehicles will be banned after 2030, which has also increased interest in micro mobility.

Startups drive innovation in this area. Bird, Lime, Dott, Skip, Tier and Voi became the main ones in this area. There are also several companies in China that have achieved excellent results: Ofo, Mobike and Hellobike.

Self-driving innovation

Progress in autonomous driving technology awaits us in 2021. Honda recently announced that it will mass produce self-driving cars. And Tesla’s autopilot has learned not only to control the movement on the lane and automatically rebuild, but also to recognize road signs, as well as traffic signals.

Ford is also joining the race – expecting the launch of a self-driving car sharing service in 2021. Some customers will be able to buy such machines already in 2026. Other automakers, such as Mercedes-Benz, will also try to incorporate autonomous driving technologies into new models. For example, GM is looking to add Super Cruise autopilot functionality to 22 of its models by 2023.

Due to fierce market competition, other companies, including Lyft and Waymo, are also developing self-driving technology. Many of them have already spent billions of dollars on startups in this area: GM bought Cruise for $ 1 billion, Uber – Otto for $ 680 million, Ford – Argo AI for $ 1 billion; and Intel – Mobileye for $ 15.3 billion.

Looking to the future

Technological advances in 2021 will be a logical continuation of 2020, but the impact of COVID-19 will change over the course of the year. Many new behaviors will become the norm and drivers of technological and business innovation.

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