System processing: Financial services firms have adopted new technologies, boosting industry revenue

The Data Processing and Hosting Services industry in Illinois provides infrastructure used for a variety of information technology (IT)-related activities. While Illinois is one of the strongest economies in the North Central region, the state's finances remain shaky. Industry growth has been spurred by an increase in government investment. As companies' and government organizations' connected infrastructure and devices produce larger amounts of data, industry operators' services will be required to effectively manage this data. Consequently, industry revenue is expected to grow over the next five years...read more.

Industry Statistics & Market Size
Revenue
$5bn
Annual Growth 12-17
6.9%
Forecast Growth 17-22
Profit
Employment
23,775
Businesses
2,378

Industry Threats & Opportunities

  • Industry growth has been spurred by an increase in government investment
  • Increased outsourcing by large companies has helped fuel demand for industry services
  • The outsourcing of industry services is expected to continue growing
  • Industry Report - Industry Key Buyers Chapter

    The level of concentration in the Data Processing and Hosting Services industry in Illinois is low, primarily due to the range of services that data processing and hosting service companies can provide, enabling operators to become more specialized. While large industry players such as Rackspace Hosting and ADP maintain operations in the state, they are not comparatively large operations. Consequently, many small nonemployer organizations have been successful in the industry, leading to low levels of market share concentration...purchase to read more.

    Additional Insights for the Data Processing & Hosting Services in Illinois Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Data Processing & Hosting Services in Illinois Industry are

  • Effective quality control
  • Having a cost-effective distribution system
  • Ability to quickly adopt new technology
  • IBISWorld analysts also discuss how external factors such as Percentage of services conducted online and Local and State Government Expenditure in Illinois in the Data Processing & Hosting Services in Illinois industry impact industry performance..

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    What's in this report

    What is the Data Processing & Hosting Services in Illinois Industry?

    This industry provides data processing or hosting activities. Data processing services provide specialized reports from information supplied by clients. Hosting services can include web and application hosting. Services range from automated data entry to processing data.

    Industry Products
  • Application service provisioning
  • BPM services
  • IT support services
  • Data storage and management services
  • Industry Activities
  • Application hosting
  • Application service provider services
  • Data entry services
  • Data processing computer services
  • Data processing
  • Database management
  • Web hosting
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Percentage of services conducted online
  • Local and State Government Expenditure in Illinois
  • Consumer Spending in Illinois
  • Consumer price index

  • Current Performance
  • Macro trends and cloud computing
  • Regional talent and state-wide Innovation
  • Higher expenses
  • Industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Industry growth and outsourcing expected to continue
  • Shift to online services
  • Growth and consolidation
  • Table: Data Processing & Hosting Services in Illinois Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Data Processing & Hosting Services in Illinois Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Finance and Insurance
  • Public Administration
  • Internet Publishing and Broadcasting

  • Key Selling Industries
  • Computer Manufacturing
  • Computer Peripheral Manufacturing
  • IT Consulting
  • Software Publishing
  • Wired Telecommunications Carriers

  • Products & Services
  • Other
  • IT support services
  • Application service provisioning
  • BPM services
  • Data storage and management services
  • Chart: Data Processing & Hosting Services in Illinois Industry Products and Services Segmentation

  • Major Markets
  • Private sector
  • Resellers
  • Government
  • Content providers
  • Chart: Major Market Segmentation for the Data Processing & Hosting Services in Illinois Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Depreciation
  • Rent and utilities, marketing and other
  • Chart: Cost Structure Benchmarking – Sector vs Data Processing & Hosting Services in Illinois

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Data Processing & Hosting Services in Illinois Industry

  • Rackspace US Inc., Automatic Data Processing, Hostway, NetSource Communications Inc.,
  • Table: Rackspace US Inc. - financial performance
  • Table: Automatic Data Processing - financial performance
  • Table: Hostway - financial performance
  • Table: NetSource Communications Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Data Processing & Hosting Services in Illinois Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Data Processing & Hosting Services in Illinois Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Percentage of services conducted online (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Application Service Provider (Asp)
  • A business that provides computer-based services to customers over a network.
  • Cloud Computing
  • Computing model in which companies' computer applications are hosted in outside servers accessible via the internet and managed by third-party operators.
  • Data Warehousing
  • The collection of data and the establishment of a common format for different data sets to allow them to work together and be stored in one place.
  • Information Technology (It)
  • The acquisition, processing, storage and dissemination of vocal, pictorial, textual and numerical information by microelectronics-based computing and telecommunications.
  • Outsourcing
  • To procure goods or services under contract with an outside supplier.
  • Software As A Service (Saas)
  • Software that is deployed over the internet and runs behind a firewall in a person's local area network or personal computer.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Data Processing & Hosting Services in Illinois Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Data Processing & Hosting Services in Illinois:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Data Processing & Hosting Services in Illinois market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Data Processing & Hosting Services in Illinois, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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