Notebookcheck Logo

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)

Source(s)

static version load dynamic
Loading Comments
Comment on this article
Please share our article, every link counts!
> Expert Reviews and News on Laptops, Smartphones and Tech Innovations > 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)