Industry Analysis & Industry Trends
Companies are requiring more digital storage, leading them to outsource more to the Data Processing and Hosting Services industry. Industry revenue has therefore increased in the past five years. Over the next five years, cloud computing services will present an attractive option for smaller businesses, especially online-only ones, leading revenue to continue its high growth... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
This industry is in the growth stage of its life cycle. Over the 10 years to 2018, IBISWorld expects the industry's value added (contribution to the overall economy) to increase at an average annual rate of 2.4%. However, GDP is expected to grow about 2.1% during the same period. Growth in the industry will be driven by the expansion of capital expenditures in other firms. Greater efficiency will reduce wage costs, a portion of the value added calculation, which will keep that metric at a moderate rate.
A high rate of technological change is also indicative of a growing industry... purchase to read more