As the whole world was heading towards remote working, the COVID-19 Pandemic has been intensifying the acceleration of working from home practice.
According to a report by Citi, the Indian IT sector has been witnessing tremendous growth with advancements of next-gen technology, but however, the year 2021-22 would a normal year.
As compared to 2019’s IT growth, this year has been witnessing more of an upward acceleration. The technology market has been booming forward with next-gen innovative products and services which is absolutely creating disruptions across the market segments.
With more advancements see across Cloud Computing and Artificial Intelligence, these technologies are expected to once again dominate the technology headlines in near-future.
Citi highlighted, "In the near term, we expect disruption in the first half of 2020-21 and then gradually normalization of demand as technology remains critical to businesses."
Furthermore, COVID-19 has given many companies to test work from home methodologies which gradually bring innovations across segments. Also, the report has stated that business was automatically forced to work from as virus – COVID-19 has been rapidly blanketing every nation across the world.
While due to this Pandemic, a distributed workforce has evolved which needs better usage of collaboration and communication through the utilization of the latest technologies. The current scenario demands robust cyber-security and efficiency. Hence, there will a mammoth of growth in the near future.
By looking at the current events, online payments will get more traffic, and also the entry of numerous consumers who are not technologically-sound will further disrupt the online space even further.