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Infographic:

Impact of Coronavirus on Software and Services: Top Figures to Look at

POSTED ON: September 21, 2020 TAG: Digital Strategy, Remote Workspace

When the entire world gauged the severity of the coronavirus, it became clear that the virus will pose a significant impact on the global tech industry. Though it is difficult to predict the final effects of COVID-19, early analysis predicts overall tech goods and services sector growth being limited to 2% is probable. There may be a contraction of 2% in the growth of this sector in a pessimistic situation.

Forecast Market Growth in 2020 – 2%

Effect on IT Spending Related to Devices – -12.4%

Effect on Infrastructure Growth in 2020 – +3.8%

Effect on IT Spending Related to Software – -1.9%

Let us now look at a few of the key stats on how the coronavirus has affected software and services.


Impact_of_Coronavirus_on_software

The spread of the coronavirus all over the world has led to a surge in the global work-from-home experiment. As organizations begin to move their staff into work-from-home (WFH) arrangement en masse, tech companies find themselves on the WFH frontlines. On the one hand, web and video conferencing apps witness an increase in meeting minutes, and on the other hand, there is a sharp rise in VPN usage in affected countries.

POSTED ON: September 21, 2020 TAG: Digital Strategy, Remote Workspace

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