Surfing the web: The industry will benefit from rising demand from a growing number of businesses in the state

The Data Processing and Hosting Services industry in Minnesota provides services for a variety of information technology (IT)-related activities, ranging from application service provisioning to website hosting services. Over the five years to 2018, the industry's major markets have increasingly outsourced their IT needs as they become increasingly complex, leading industry revenue to grow during the five-year period. Growth has largely been buoyed by growth in the number of businesses in Minnesota, in addition to strong local and state government expenditures. However, in 2011, the state government passed legislation to consolidate the Minnesota executive branch of Information Technology (IT) in an effort to curb unnecessary spending. This consolidation led to over 100.0%.

Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 13-18
0.9%
Forecast Growth 18-23
Profit
Employment
9,731
Businesses
942

Industry Threats & Opportunities

  • Due to faltering IT expenditure from the government, the industry has seen revenue grow

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    Industry Report - Industry Investment Chapter

    ***This section is not used for US State reports***...

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

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Data Processing & Hosting Services in Minnesota 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 Local and state government expenditure in Minnesota and Number of businesses in Minnesota in the Data Processing & Hosting Services in Minnesota industry impact industry performance..

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    What's in this report

    What is the Data Processing & Hosting Services in Minnesota 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
  • Website hosting services
  • Business process management services
  • Information technology (IT) technical support services
  • Custom application design and development services
  • Data 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
  • Local and state government expenditure in Minnesota
  • Number of businesses in Minnesota
  • Consumer Price Index in Minnesota
  • Population of Minnesota

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Data Processing & Hosting Services in Minnesota 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
  • Application service provisioning
  • Other
  • Website hosting services
  • Custom application design and development services
  • Information technology (IT) technical support services
  • Business process management services
  • Data management services
  • Chart: Data Processing & Hosting Services in Minnesota Industry Products and Services Segmentation

  • Major Markets
  • Non-financial enterprises
  • Content providers and resellers
  • Financial services
  • Other
  • Government organizations
  • Chart: Major Market Segmentation for the Data Processing & Hosting Services in Minnesota Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Data Processing & Hosting Services in Minnesota

  • Basis of Competition
    Barriers to Entry
    Cyxtera Technologies, Digital River Inc., Stream Data Centers, Zayo Group Holdings Inc.,
  • Table: Cyxtera Technologies - financial performance
  • Table: Digital River Inc. - financial performance
  • Table: Stream Data Centers - financial performance
  • Table: Zayo Group Holdings Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Data Processing & Hosting Services in Minnesota 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 Minnesota Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Percentage of services conducted online (2009-2023)

  • 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?

    The Data Processing & Hosting Services in Minnesota industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

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    This report on Data Processing & Hosting Services in Minnesota:
    • 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 Minnesota 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 Minnesota, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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