The Fastest Growing Software Categories During COVID-19

The pandemic COVID-19 has had a staggering impact on each element of life. It is affecting personal as well as professional lives. Companies are closing down, businesses are struggling, but some software companies are actually thriving in the midst of the chaos.

Global SaaS revenues were expected to hit more than $132 trillion by the end of 2020, but since the outbreak, SaaS companies have been laying off employees, investors have written essays on the value of cutting spending, and many guess that SaaS revenue would drop significantly.

What software do people looking for?

The team at TrustRadius, a review platform for software & service companies, analyzed traffic data across all of their categories to address this query, compiled a list of the fastest growing. The results are in:

  • Telehealth Software
  • Electronic Signature Software
  • Web Conferencing Software
  • Antivirus Protection Software
  • Remote Desktop Software
  • Video Platform Software
  • Webinar Software
  • Web Portal Software
  • Live Chat Software

HR Management Software, Learning Management Systems, Workflow Software and Customer Relationship Management (CRM) Software were also identified as showing interest among buyers.

But not all of that’s good news. A few types of applications have started to see interest & development decline:

  • Assisted Living Software
  • Banking Software
  • Event Management Software
  • Recruiting Software
  • Accounting Software
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The coronavirus pandemic continues to have a tragic impact on our community. According to Splunk’s interactive COVID-19 dashboard, over 1,446,242 cases of COVID-19 have been reported worldwide as of today. The most important areas of focus right now are slowing the spread of the virus and saving lives.

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