Industry Analysis & Industry Trends
Industry services, which are provided on a subscription basis, have been in strong demand during the current five-year period. Greater investment in the outsourcing of application hosting to specialized companies as an alternative to in-house hosting is expected to boost demand for industry services. Industry growth has also been facilitated by the development and rising popularity of new technologies such as cloud computing. The next five years are expected to be largely positive for the industry, as consolidation will motivate businesses to outsource IT needs. Additionally, businesses will continue to embrace new technologies... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Data Processing and Hosting Services industry is in the growth stage of its life cycle. Over the 10 years to 2020, IBISWorld expects the industry's value added, which measures its overall contribution the economy, to increase at an average annual rate of 5.9%. GDP is expected to grow 2.2% over this period, meaning that the industry's contribution will far outpace GDP growth. Central to the industry's growth will be the increased adoption of technology.
A high rate of technological change is indicative of a growing industry. Major players in this industry invest heavily in research and development (R&D) to create new products and services that will improve the efficiency of data processing and hosting services... purchase to read more