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.

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

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

Security software benefits from a growing remote workforce

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

IT Services

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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Covid-19