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Surge in demand puts tech at the top

Surge in demand puts tech at the top

Technology, Media and Telecoms (TMT) is one of the few industries to retain  more than a glimmer of optimism in the midst of COVID-19, according to our new index tracking the health of the mid-market. And this is particularly true for the technology sector, where 53% of firms feel optimistic about the next 12 months.

Our research reveals unmatched levels of health in TMT for the first half of 2020. The industry ranks first out of 12 key sectors in terms of outlook – which covers future business conditions, economic optimism, and investment intentions – with a glowing score of +45.51

The health of the technology sector is central to this, with 40% of business leaders in mid-market technology firms expecting revenues to rise in the year ahead and 41% saying the same for profitability – levels largely unseen across other sectors. This sentiment is reflected in financial markets where technology firms have driven the S&P 500 to historic highs.

With insights from industry leaders, we examine how meeting the rapid changes in how we work and live has lifted the sector in unprecedented times, and what is now needed for technology firms to maintain their momentum.  Read the report here [ 11573 kb ]