Technology companies are also benefiting from the corona virus where the global economy is suffering.
According to a foreign news agency report, the spread of the Corona virus in the world is causing many economic and social changes. According to a report in Europe, the country affected by the Corona virus in Italy, WhatsApp calls and messages increased by 20% in Italy. Similarly, the use of Skype has increased by 100%.
Due to the closure of educational institutions in many countries, the use of digital sources for distance education is increasing, and video conferencing is being preferred for business and office meetings.
Economies around the world are suffering from slowdown and global stock market downturns due to mobility and various social and business activities being affected, but with the increasing use of online platforms, some technology companies are gaining economic benefits.
In these situations the video conferencing software zoom company has a huge advantage. The use of its software for video conferencing and streaming has increased manifold.
In addition, Google and Microsoft are also providing free access to video conferencing and live document calibration services. The use of mobile applications that support messaging, education and other tasks has increased manifold.
In many countries, with the majority of the population limited to homes, people are turning to online platform for other entertainment content. Because of this, platforms such as YouTube, Hulu and Netflix will generate many times more profits in terms of advertising, experts say.
AxisNow, a non-profit organization working on Internet access and access rights around the world, says the need for fast and secure broadband has increased in the situation created by the Corona virus epidemic. Particularly in order to provide access to the Internet, the low income segment needs to take measures such as discounting internet devices and connections.
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