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.

1. Share of respondents
0% 10% 20% 30% 40% 50%
We’ll spend
more
We’ll spend
less
I don’t
think it will
I’m not
sure
40%
15%
16%
26%
30%
44%
15%
24%
25%
16%
18%
31%
March April May
No change in software spending over the
period March-May 2020.
KEY STAT 1
SOFTWARE EXPENDITURE
WORLDWIDE 2020
Source: Statista 2020
KEY STAT 2
PLACES WHERE BUSINESSES ARE INCREASING THEIR
SOFTWARE SPENDING
increase in spending
on web conferencing
software.
spend increase on
collaboration tools.
rise in spend on
remote desktop
tools.
increased spend on
security software.
67% 57% 52% 41%
KEY STAT 3
PLACES WHERE BUSINESSES
ARE MINIMIZING THEIR
SOFTWARE SPENDING
36%
fall in IT support
technology spend.
44%
decreased spend on
marketing software.
33%
decrease in spend on
project/task management
software.
KEY STAT 4
OFFICE PRODUCTIVITY
SOFTWARE MARKET SHARE
ACROSS THE GLOBE
KEY STAT 5
NUMBER OF DAILY ACTIVE
USERS OF MICROSOFT
TEAMS WORLDWIDE
Increase from 32 million users in March
2019 to 75 million as of April 2020.
KEY STAT 6
DATA CONSUMPTION FROM
“STAYING AT HOME”
Daily average in-home data use in the US
increased by a total of 4.4 GB in March 2020.
As of April 2020, Google’s
G-Suite has 55.2% Market Share.
Microsoft Office 365 - Second
Major Competitor in the Market.
IMPACT OF CORONAVIRUS ON
SOFTWARE & SERVICES:
TOP FIGURES TO
LOOK AT
Source:
Coronavirus (COVID-19): Impact on the global tech
goods & services industry, Statista 2020
©2020 Compunnel Digital, Inc. All rights reserved