The COVID-19 pandemic has immensely impacted various industry verticals including the IT industry. Several IT companies are forced to work remotely to maintain social distancing norms.
This has caused a massive loss in opportunity for numerous companies who have international clients and dealers. Many IT companies who had never worked remotely before are finding it hard to cope with this new normal.
Apart from impacting IT companies, this pandemic has also caused cancellations of several tech conferences across the globe. These conferences were huge partnership opportunities for so many companies. It’ estimated that the cancellation of such major tech conferences amounts to the loss of US $ 1 Billion.