2020 has been a busy year for tech firms with rising demand for streaming and gaming brought about by stay-at-home orders to curb the spread of the pandemic. Here is what happened so far and what investors expect in 2021:

2020 in Tech
  • 2020 at Glance
    • Daily average users of Microsoft Teams has grown to about 115 million in October 2020, up from 13 million in July 2019
    • Zoom customers with more than 10 employees have gained 485% year over year. 
    • U.S video game spending has gained 86% year over year
    • Disney online video paid subscribers have risen up to 121 million in Q4 2020, up from 32 million in Q4 2019
  • Looking Forward
    • The populace in tech growth could be less housebound by the middle of 2021 with focus shifting on whether huge increases in online grocery orders and remote working will stay
    • Investors see a brighter opportunity for chip companies that were the biggest winners in the stock market
    • The return of public life could be a booster for online travel agents and ride-hailing platforms