COVID 19 has had a profound impact on businesses, affecting the global demand for IT products and services, including outsourced software development. Some of the main effects of COVID 19 on the IT sector are - decreasing productivity and performances, office closures, slowing cash inflow for SMEs, loss of businesses due to the impact on client’s businesses etc. Read more - https://nuvento.com/blog/covid-19-impact-on-software-development/

1. COVID 19 has had a
massive impact on
the IT sector
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2. 1. Productivity and performance affected
due to difficulty of managing certain jobs
remotely
2. COVID 19 forced nations to close
offices and employees are forced to work
from home
3. Slowing cash inflow for SMEs putting
them under tremendous pressure
4. Dwindling business due to impact on
client's businesses
5. Unable to work remotely since the job
does not allow that

3. How outsourcing
software development
helps businesses
IT businesses are formulating measures to help their clients and
customers do business during these challenging times

4. 1. Increasing outsourcing contracts to
meet budgets and ensure effectiveness
2. Improve business' focus on core
business activities
3. Enhanced focus on cybersecurity
4. Offers a flexible and resilient working
model
5. Start-ups can choose outsourcing for
long-term economic viability