We turn our worldwide coverage of the impact of COVID-19 on the tech sector to Germany, Austria, and Switzerland where local experts Dirk Middelhoff and Berend Yntema have a guardedly positive outlook. The negative consequences of the pandemic will remain short-term and we can expect the TMT sector to recover and thrive in the near future.
Cybersecurity, communication software, and cloud infrastructure firms in particular are seeing increasing demand with the shift to remote working, communication, and entertainment. Channges in telecom usage rates will justify new investments into telecommunication innovation and might even create new ecosystems. The tech sector will continue to grow in 2020 with corporate and private equity investors pushing innovation and competing with disruptive players.
Read more here: DACH TMT Update Q1 2020