ETR launched its Summer Emerging Technology Study last Thursday afternoon to gauge CIO sentiment levels across 300+ private enterprise technology companies. As a follow up, we asked these same high-level IT decision makers to provide insight as to the type of recovery their organization expects due to COVID-19. Specifically, we gauged whether their organization is expecting a V-shaped, U-shaped, or L-shaped recovery due to COVID-19.
This survey will be in the field for another week, and you can track the type of recovery organizations are expecting due to COVID-19 daily, as well as the recovery forecast by industry vertical, through this custom analytics model on ETR+.
V-shaped: Sharp, brief decline/deceleration in revenue, followed by a strong recovery in 2H 2020
U-shaped: Decline/deceleration in revenue for 2-3 quarters, followed by growth in 2021
L-shaped: Decline/deceleration in revenue for 3+ quarters, followed by moderate growth for many quarters thereafter
None of the above: Organization is seeing and will continue experiencing an acceleration in revenue due to COVID-19
Based on the preliminary data, 44% of CIOs currently expect a U-shaped recovery due to COVID-19; 15% anticipate an L-shaped recovery, 14% expect a V-shaped recovery, and 16% indicated ‘none of the above’ (i.e., these organizations are seeing and will continue experiencing an acceleration in revenue due to COVID-19). Though most CIOs only anticipate 2-3 quarters of decline or a deceleration in revenue (U-shaped), they continue to be cautiously optimistic about 2021. We say cautiously optimistic as dozens of CIOs that indicated a U-shaped recovery noted their recovery outlook for 2021 is based on the economy picking up, effective government action, no additional lock downs, and the availability of a vaccine. In the absence of one or more of these, it’s fair to assume that these CIOs may change their expected recovery outlook.
We’ll be generating additional insight next week as to whether organizations anticipate permanent changes within their organizations due to COVID-19, as well as which sectors/vendors are screening best in the emerging technology space.
To learn more about the data behind this article and what ETR Research has to offer, visit https://etr.plus/.
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