Impact of Coronavirus on IT Sector

SONIYA BHALERAO , JITTA MOUNIKA

Impact of Coronavirus on IT Sector

Coronavirus is an ongoing global pandemic firstly reported in China in December 2019. The lockdowns introduced to prevent the spread of the Covid-19 have stopped economic activity across many sectors, with important repercussions for firms and households. The significant weaknesses the IT industry is facing now is due to the fall in the economy, as a lot of companies are forced to ask their employees to work from home (remotely) keeping in the account of the public health concerns. Due to this, there is a massive loss in opportunity for many companies who have international dealers. The spread of this deadly virus has caused a lot of tech conferences to get cancelled, which could have been a great partnership opportunity for many companies to expand their horizons. A few of the meetings were shifted to teleconferences, but this won’t have the same reach, and the conference attendees will not be able to have the networking opportunity as they would be attending the actual conference. Due to the cancellation of these major tech conferences, there is an estimated loss in Billions of dollars in revenues.

Published Paper   E-Certificate

"Impact of Coronavirus on IT Sector", IJSDR - International Journal of Scientific Development and Research (www.IJSDR.org), ISSN:2455-2631, Vol.6, Issue 12, page no.120 - 127, December-2021, Available :https://ijsdr.org/papers/IJSDR2112018.pdf

Volume 6 Issue 12, December-2021

Pages : 120 - 127

Paper Reg. ID: IJSDR_193753

Published Paper Id: IJSDR2112018

Downloads: 000347046

Research Area: Management

Country: HYDERABAD, TELANGANA, India

Published Paper PDF: https://ijsdr.org/papers/IJSDR2112018

Published Paper URL: https://ijsdr.org/viewpaperforall?paper=IJSDR2112018

ISSN: 2455-2631 | IMPACT FACTOR: 9.15 Calculated By Google Scholar | ESTD YEAR: 2016

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 9.15 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Publisher: IJSDR(IJ Publication) Janvi Wave

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