https://www.entrepreneur.com/article/371452

The Great Recession of 2020 led to major setbacks for most industries: Sudden mandates altered business processes and consumer behaviour. Some of the industries that were hit hardest by the recession included travel, hospitality, retail, food service and manufacturing. It could take more than five years for some of the most affected sectors to get back to their 2019-level contributions to GDP and even longer for small businesses if they are able to pull through. 

Unlike most other industries, the tech sector has thrived since the onset of the pandemic, thereby solidifying its place as a future-proofed industry. Digital transformations, which normally may have taken two or three years to implement, suddenly became enforced at a company-wide level within a matter of weeks. Tech stocks surged over the course of the pandemic, with cloud computing being the star of the show as millions of people worldwide had to work and learn remotely. It doesn’t come as a surprise that some of the biggest tech winners of 2020 included video-conferencing services, cybersecurity software, communications software and gaming companies.