During COVID-19, recessionary pressures have limited both consumer and business spending. However, there are some markets that are thriving during this lockdown.
Videoconferencing providers – up 6%: Cisco’s WebEx is seeing call volumes 24 times higher than what they would normally be outside of the pandemic. What’s more, according to Sri Srinivasan, the head of Cisco’s collaboration unit, the surge in demand for videoconferencing is part of a lasting change in work practices, not a temporary blip before levels drop back to normal. “We will never go back,” says Srinivasan. “The way we work is going to change forever.”
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From ProcurementIQ’s Economic Trends: Coronavirus Spurs healthy Demand for These 8 Markets