Technology is enabling hybrid work models

The importance of technologies enabling hybrid work models was demonstrated by a strong sales growth of hardware and software during 2020. In addition to employees receiving laptops, cameras, and other devices to stay connected to coworkers and customers, companies quickly reacted by boosting their information technology (IT) infrastructure to meet the changing demands. Hybrid work brings technology such as cloud workload to the fore to ensure that employees can access and use enterprise applications off-premises. Accordingly, businesses around the world readjust their planned spending on IT infrastructure and services. As a result, revenues from the collaboration software market are expected to continually rise over the next years.

Technology companies set to profit from hybrid work

In the future, businesses worldwide will increasingly look to integrate technological innovations into their business operations and employee management to support emerging hybrid work models. For this reason, the key cloud providers Amazon Web Services, Microsoft Azure, and Google Cloud are considered centerpieces to the accelerating digital transformation. Similarly, cybersecurity vendors like Cisco, Palo Alto Networks, or Fortinet are also becoming increasingly important cornerstones of business intelligence. This is because remote work setups open the door for new security threats and vulnerabilities that must be dealt with head-on.

This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.