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Impact of Covid-19 on tech sector

Published May 19, 2020

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CAPE TOWN -

While the Covid-19 pandemic has hurt economies around the world, it has also been a catalyst for digital transformation in most sectors.

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Media outlets who were slow to adopt a digital-first approach, companies not exploring the opportunity to work remotely, retail outlets with poor or no efficient delivery service all needed to accelerate their digital approach.

According to a statement released by Deloitte - a multinational professional services network - these are some areas that will potentially be impacted in the long-term.

Hardware & software

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The launch of new smartphones may be deferred due to supply chain constraints

While factories in Asia are re-opening, companies are experiencing challenges in getting production fully running

Companies with remote-working technologies are seeing increased demand

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Security software benefits from a growing remote workforce

IT spending on security software to secure cloud-based tools, log management and VPNs

IT Services

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Forecasts anticipate increased demand for communications equipment and telecom services as employees work from home and schools move to online courses

IT departments will play a larger role in future business-continuity plans

The need for ever-faster access to data and automation will enhance focus on network equipment and speeding up of 5G network deployments

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Related Topics:

Covid-19

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