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2020 Business Trends- What To Lookout For

While it is we are already into the third month of 2020, workforces are gearing themselves for the changing annual trends depending on the past year. From providing solutions to coworking space and employees or structural shifts to the role of venture capitalists, here are the latest trends that are going to rule 2020. 

The distant worker

Infrastructure, fewer workspace and rising rates of real estate have put small companies and startups difficult to operate. Due to this, 2020 will be a year of remote workers. This year might see a shift from full-time workers to distant and part-time employees. New age technological advances like video conferences, virtual communication have made distant working an affordable and best option for small businesses. Companies are more likely to opt for a coworkingor office space which will save huge on their costs and help them switch from the traditional 9to5 job schedule to a more feasible work pattern that does not need desk space. 

Increasing employees happiness quotient

It is necessary for businesses to retain hard working and talented employees even when the economy is not doing good. Keeping employees happy is not just about payscale. When monetary gains are not the constraint, employees look for other factors like work environment, benefits, culture, etc. Studies have shown direct relation between employees happiness to their increased productivity. From relaxing rooms to various games, companies are trying to include every amenity in their cowork space to retain their best employees. Hence, when companies look for office space for rent employee happiness is the key feature they look for. 

The call of 5G

One of the most awaited trends of 2020 is the launch of 5G that will enable users to download with a speed of 1GBPS to 10 GBPS thus ensuring improved networking and emerging industries. The launch of 5G will not just help the developed nations but also the developing and underdeveloped nations by boosting their connectivity.

The war of online payment portals

It remains a big question that who will earn the most from among the online payment portals. The battle has already begun between credit card companies, banks and software companies and who will win it is a matter of time. However, this will be a major point to watch out for in 2020. With major companies like Whatsapp entering into this field, it will be exciting to watch who will win.

Social media marketing

Social media has constantly evolved with time and has been helping all of us connect and market our products to the customers. The stories feature of every social media platform will be the most trending part of marketing our products. Introduced by Snapchat, this feature was slowly adopted by major social media platforms like Facebook, Instagram, and WhatsApp. It has quickly become a major fellow rival for marketing products and attracting audiences.

Industries to watch out for

With the emergence of virtual reality and motion sensors, the rise in the entertainment industry is the highest and will grow more this year. 

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