Industry Analysis & Industry Trends
The pullback in IT spending immediately following the recession resulted in a slowdown of industry growth rather than a decline in revenue. The Data Processing and Hosting Services industry's performance will improve over the next five years, due to renewed IT spending and increased outsourcing. Consolidation within other industries will likely push more firms to a level of complexity where the outsourcing of their IT needs makes more sense than maintaining those services in-house... purchase to read more
Industry Report - Industry Analysis Chapter
Because of an immense marketing push by some of its largest firms to popularize cloud computing, the Data Processing and Hosting Services industry has become more visible during the past five years. In addition, as more media is moved to online platforms, internet-based companies are demanding more industry services to manage their IT infrastructure needs. As a result of these trends, the industry's revenue is expected to grow at an annualized rate of 2.4% to $83.8 billion in the five years to 2013, including a 1.5% expected increase in 2013 alone. Profit, however, is expected to remain relatively constant at 12.0% during this period due to a high level of competition.
Cloud computing is one of the fastest-growing products offered within the industry... purchase to read more