The Information and Technology (IT) Industry Outlook

Tuesday, April 07 2020

The software sector is closely linked to the global economy and the way European and American economies are impacted due to coronavirus; the adverse impact on the industry is quite visible. Many companies is likely to opt for cost saving and a survival mode because of what they are undergoing at present. Even before the Covid-19 crisis, software was slowing down because of technology disruptions, base effects and due to a lot of platforms and other systems taking over. Covid-19 has made the sector more underweight.

The software sector is closely linked to the global economy and the way European and American economies are impacted due to coronavirus; the adverse impact on the industry is quite visible. Many companies is likely to opt for cost saving and a survival mode because of what they are undergoing at present. Even before the Covid-19 crisis, software was slowing down because of technology disruptions, base effects and due to a lot of platforms and other systems taking over. Covid-19 has made the sector more underweight.

The software sector is closely linked to the global economy and the way European and American economies are impacted due to coronavirus; the adverse impact on the industry is quite visible. Many companies is likely to opt for cost saving and a survival mode because of what they are undergoing at present. Even before the Covid-19 crisis, software was slowing down because of technology disruptions, base effects and due to a lot of platforms and other systems taking over. Covid-19 has made the sector more underweight.

The software sector is closely linked to the global economy and the way European and American economies are impacted due to coronavirus; the adverse impact on the industry is quite visible. Many companies is likely to opt for cost saving and a survival mode because of what they are undergoing at present. Even before the Covid-19 crisis, software was slowing down because of technology disruptions, base effects and due to a lot of platforms and other systems taking over. Covid-19 has made the sector more underweight.

The software sector is closely linked to the global economy and the way European and American economies are impacted due to coronavirus; the adverse impact on the industry is quite visible. Many companies is likely to opt for cost saving and a survival mode because of what they are undergoing at present. Even before the Covid-19 crisis, software was slowing down because of technology disruptions, base effects and due to a lot of platforms and other systems taking over. Covid-19 has made the sector more underweight.

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