24 Mar 2020
Posted in Technology
Positive impact of COVID-19 on gaming software sector will be short-lived, says GlobalData
The coronavirus (COVID-19) is by far the most significant theme to affect the technology industry in 2020. With instructions to stay indoors, gamers are turning to their consoles. However, the effect may be short-lived, says GlobalData, a leading data and analytics company.
GlobalData published a fully revised report, ‘Tech, Media & Telecom Trends 2020’, to reflect the impact of COVID-19 on 17 separate TMT sectors and the leading companies within. It discusses the short and long-term impacts of COVID-19 on each sector, and ranks on a company-by-company basis the individual impact of COVID-19 alongside nine other themes that affect that sector.
Ed Thomas, Research Director at GlobalData, comments: “In the short-term COVID-19 might have a positive impact on the gaming sector, as people forced to stay at home look for ways to entertain themselves.
“However, the medium to long-term picture may not be so rosy. Several major events in the gaming industry’s calendar, including E3 (the year’s biggest gaming show) have been cancelled. These events are vital to the industry because they are where new consoles and games are launched, and deals are made, which set the direction of the market.”