This is good and trending topic. I would like to iterate that which industry has been badly hit by COVID-19 pandemic. As of now, hotel, airline and tourism industries has been badly hit. Amid lock-down, it has impacted travel (public/private) industry as well.
Now coming to your question, if the application belongs to one of these industry then you may need to think about the future perspective.
Further, we have opportunity in different sectors like healthcare, farming sector, telecom, media and other essential products. Every industry is dependent on software these days. Software development companies are ready to work on innovative tool to help the work in the pandemic situation, so the functional testing services companies are planning to work on new domains and planning to automate the applications.
Now, since there will be slow down in lot of industries which eventually will effect the software industry as well. It may happen that cost will be reduced. Since, many companies do have plan to release application for an year and so, those will be continue working hence their QA team (Manual/Automation) will be working on it using existing tools. We hope that we will come out of it soon.
Hope this information is helpful for you.