When the entire world gauged the severity of the coronavirus, it became clear that the virus will pose a significant impact on the global tech industry. Though it is difficult to predict the final effects of
COVID-19, early analysis predicts overall tech goods and services sector growth being limited to 2% is probable. There may be a contraction of 2% in the growth of this sector in a pessimistic situation.
Let us now look at a few of the key stats on how the coronavirus has affected software and services.