COVID-19 Impact on IT Services – Thematic Research

Pages: 13 Published: April 30, 2020 Report Code: GDTMT-TR-R264

The COVID-19 outbreak has now spread across the world, leaving a trail of destruction in its wake. This report discusses the impact of the virus on leading companies in the IT services sector.

Scope

This report analyzes the impact of COVID-19 on the global IT services sector.

It identifies those companies that may benefit from the impact of COVID-19 over a 12-month period, as well as those companies that will lose out.

It includes a thematic screen, that ranks the leading companies in this sector on the basis of overall leadership in the 10 themes that matter most to their industry, including COVID-19. This generates a leading indicator of future performance.

Key Highlights

While there is a potential upside from COVID-19 for most tech, media, and telecoms (TMT) sectors, there is little optimism around IT services. With the world in lockdown, IT services staff cannot access clients’ sites or their own offices and must rely, like everyone else, on remote working.

Providing technology services that enable digital transformation is a major area of business for IT services vendors. However, in the short-term, this business will disappear because client companies will be looking to reduce costs. Any work slated to support this year’s projects will be pushed out. Several vendors taking stock of the impact of COVID-19 have admitted that they cannot yet provide any future guidance on revenues.

Reasons to Buy

COVID-19 is by far the most significant theme to affect the technology industry in 2020. It is effectively a stress test on companies’ ability to cope with extreme shocks. COVID-19 will test the financial robustness of companies. Many companies will not survive this initial phase. Almost all others will suffer a significant drop in revenues. This report will help you understand the impact of COVID-19 on the IT services sector and identify which types of companies could potentially benefit from the impact of COVID-19, as well as those businesses that are set to lose out.

Key Players

IBM

Accenture

Infosys

Wipro

Tata Consultancy Services

HCL Technologies

Capgemini

Cognizant

DXC Tech

NTT Data

Tieto

ADP

Atos

CGI

Tech Mahindra

Mphasis

EPAM Systems

Sopra Steria

Conduent

Computacenter

Genpact

Indra

Fujitsu

Neusoft

Table of Contents

COVID-19 is Now a Major Theme for 2020

COVID-19 Impact on IT Services

IT Services Sector Scorecard

Thematic Briefing

Appendix: Our Thematic Research Methodology

Frequently Asked Questions

Request a Free Sample
$1950

Can be used by individual purchaser only

$5850

Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company

Get in touch to find out about multi-purchase discounts

reportstore@globaldata.com
Tel +44 (0) 20 7947 2960

GDPR + CCPA Compliant

Personal and transaction information are kept safe from unauthorised use.

Recently Viewed Reports

Looking to stay on top of industry & market trends?

Sign up to receive regular alerts for our latest analysis and reports. No matter your industry focus, you can keep your finger on the pulse with our timely updates.

Technology
New
New
How Digital Transition is Reshaping Capital Markets
$1495 | August 12, 2022
Technology
New
New
3M Company – Enterprise Tech Ecosystem Series
$1495 | August 12, 2022
Technology
New
New
Marathon Petroleum Corp – Enterprise Tech Ecosystem Series
$1495 | August 12, 2022