Why is COVID-19 a boom for IT companies and a flop for other industries?

Written by Prabin Samuel | Published 2020/09/27
Tech Story Tags: covid19 | information-technology | wfh | remote-work | remote-working | remote | it-industry | work-from-home

TLDR COVID-19 recession has seen the fastest, steepest downgrades among all the global recession since 1990. The growth of the IT industry stood at US$177 billion in 2019, and it is estimated to grow to $350 billion by 2025. IT and ITES companies have unshackled the constraints of the crisis and are moving forward to save the economy from any further downfall. Remote work has altered the distress situation of IT companies into a serene situation and successful strategy. Over one million IT employees will work from home post-lockdown.via the TL;DR App

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Written by Prabin Samuel | Prabin is a success driven content writer and an aspiring digital marketer.
Published by HackerNoon on 2020/09/27