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Every sector of the tech market will feel the effects of COVID-19, according to a new report

Apple is just one company headed for potential loss this year. (Source: Apple)
Apple is just one company headed for potential loss this year. (Source: Apple)
GlobalData is an analysis firm that produces the ‘Tech, Media & Telecom Trends' report. It has just released a re-evaluated form of the same for 2020 that takes the economic impact of COVID-19 into account. It indicates that all aspects of the titular sectors will suffer as a result of the pandemic.

GlobalData has announced a revised edition of its Tech, Media & Telecom Trends report for 2020. Its general message is that all electronics-related business stands to suffer as a result of the COVID-19 pandemic for its duration. For example, IT services are projected to have a "bad year", despite a short-term surge in certain areas such as cloud and collaboration facilities.

Specific companies are also likely to be hit by the ongoing public health crisis. They include Apple, which, as GlobalData points out, sites 90% of its fabrication in China (the original COVID-19 Ground Zero) and derives 18% of its revenues from the same country. The new report's consumer electronics thematic scoring shows that this OEM has fallen from #4 to #14 in the resultant rankings.

Google's Alphabet parent has managed to take the #1 slot in the same, however. Then again, it may not be all bad news for tech in 2020: certain device and service classes such as UAVs and 3D printing are reportedly filling vital roles in the areas of healthcare delivery and isolation maintenance in several countries at this time.

Furthermore, the role of phones, PCs, telecomms equipment and other hardware that enables millions to work from home these days should not be under-estimated or taken for granted either.

GlobalData’s new consumer electronics thematic rankings for 2020. (Source: GlobalData)
GlobalData’s new consumer electronics thematic rankings for 2020. (Source: GlobalData)

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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2020 03 > Every sector of the tech market will feel the effects of COVID-19, according to a new report
Deirdre O Donnell, 2020-03-24 (Update: 2020-03-24)
Deirdre O'Donnell
I became a professional writer and editor shortly after graduation. My degrees are in biomedical sciences; however, they led to some experience in the biotech area, which convinced me of its potential to revolutionize our health, environment and lives in general. This developed into an all-consuming interest in more aspects of tech over time: I can never write enough on the latest electronics, gadgets and innovations. My other interests include imaging, astronomy, and streaming all the things. Oh, and coffee.