![]() ![]() Several companies are also emphasizing on enabling the organizations to securely manage the data, and support remote working in the COVID-19 pandemic situation.īased on the analysis of Fortune Business Insights, the impact of the COVID-19 pandemic is anticipated to boost the demand for the cloud storage in 2020. Similarly, as the enterprises are shifting towards a distributed work environment, the cloud-based solutions are empowering the workforce to collaborate and stay connected. Moreover, the spending on infrastructure as a service (IaaS) and cloud computing technologies projected to increase in the near future. Whereas, telecom spending is likely to be less impacted. To know how our report can help streamline your business, Speak to Analystįurther, IDC states that the overall ICT global spending will decline by 1.6% and reach around USD 4.1 trillion. ![]() For example, AI and ML are used for mapping and tracking COVID cases in real-time, whereas 3D printing technology is also predominantly being used in this situation for the production of medical equipment. Emerging technologies such as artificial intelligence (AI), machine learning (ML), 3D printing, internet of things (IoT), and robotics are being utilized in the pandemic. In this battle against the COVID-19 pandemic, digital technology, transformation, and connectivity have become an essential medium or solution to enhance economic and societal resilience. Further, investment in these technologies will support industries and governments for tech-savvy smart living, smart infrastructure as well as increase the usage of online platforms, industrial automation, and smart logistics. These technologies are beneficial for the environmental situation, early detection, and diagnosis of disease, analysis of data, mitigating risk of economic crisis, etc. Modern technologies such as big data analytics, Internet of Things (IoT), artificial ntelligence (AI), virtual reality (VR), and augmented reality (AR) among others. In the aftermath of the COVID-19 situation, governments and industries are likely to invest more in technologies. Governments across the world are emphasizing on balancing this economic displacement, for which they are introducing economic relief bills to fight against the adverse effects of the pandemic. These outpouring effects of COVID-19 are potentially leading countries as well as the global economy towards recession. With the closure of several production facilities, plants, manufacturing, and other industries around the globe, the unemployment rate has increased dramatically. The Coronavirus pandemic has been causing social stress and cataract economic disruptions across the world. The impact of COVID is accelerating digital connectivity trend and it will influence the growth of the Information technology market in the near future. ![]()
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