Global Technology Risk Report 2021 | Marsh

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Tech Companies Confront Opportunities and Risks Amid Pandemic

The COVID-19 pandemic has created a massive health crisis, devastated many parts of the economy, and created global turmoil and uncertainty. Technology companies, however, have been resilient. And as demands for a variety of technological solutions have increased amid the pandemic, many companies have benefited from new opportunities and the expansion of existing ones.

Despite the global disruptions it has caused, technology industry companies do not view the pandemic as their greatest business risk.

Fewer than half of all respondents to Marsh’s 2021 Global Technology Industry Risk Study identified pandemic risk as one of highest concern. While pandemic risk was eighth on technology companies’ list of risks of highest concern, 72% of respondents consider data security and privacy their most pressing risk, topping the list in our study for the sixth consecutive year.