The new type of coronavirus (Covid-19) epidemic affecting the whole world has brought to the agenda many technology companies with record growth performance and impact on human life.
Publika.az reports that with Covid-19, concepts such as “remote work”, “online communication” and “e-commerce” have accelerated the spread of many platforms that provide online services. Technology companies have started working on more innovations.
One of the companies that attracted the most attention during this period was Zoom, a company based in the United States. While the number of Zoom users increased from 10 million to 300 million in 2020, the company’s market value exceeded $100 billion during the epidemic.
Microsoft Teams and Google Meet, as well as other such platforms, have seen significant user growth. With increased competition, there has been an increase in initiatives to improve picture and sound quality.
Another sector that moved to the digital medium was cinema and series. There has been significant growth in subscription-based payment models from streaming platforms such as Netflix, HBO and Disney.
The sector that benefited most from the closure of physical stores during the epidemic was e-commerce. As a result, the income of online stores has increased significantly.
Concerns about the spread of the virus through physical contact have fueled demand for payment methods such as contactless payment cards, mobile wallets and QR codes.
But issues such as data protection and user privacy are now more on the agenda. The monopoly potential of companies such as “Apple”, “Meta”, “Amazon”, “Google” and “Microsoft” also creates various risks.
Roza Shafiyeva
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