Mighty IT: The industry benefits from sustained demand, strong infrastructure and government spending

The Data Processing and Hosting Services industry in New Jersey provides services for a variety of information technology (IT)-related activities, ranging from web hosting to automated data entry services. Over the five years to 2018, the industry's major markets have increasingly outsourced their IT infrastructure needs as they become increasingly complex, directly benefiting operators. Leading growth factors include continued growth in the number of businesses in New Jersey, in addition to heightened local and state government expenditures. Private businesses in the state, which are a major downstream market for industry services, are projected to grow at an annualized rate of 0.8% over the five-year period...purchase to read more.

Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 13-18
0.3%
Forecast Growth 18-23
Profit
Employment
14,928
Businesses
2,024

Industry Threats & Opportunities

  • The industry’s major markets have increasingly outsourced their IT needs, directly benefiting operators
  • Additional Insights for the Data Processing & Hosting Services in New Jersey Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Data Processing & Hosting Services in New Jersey 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 New Jersey and Number of Businesses in New Jersey in the Data Processing & Hosting Services in New Jersey industry impact industry performance..

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    What's in this report

    What is the Data Processing & Hosting Services in New Jersey Industry?

    This industry provides infrastructure for 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
  • Data management services
  • Information technology (IT) technical support services
  • Business process management services, including financial, human res
  • Software related technical support services
  • Application service provisioning, with or without integration of rel
  • Other business process 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 New Jersey
  • Number of Businesses in New Jersey
  • Population of New Jersey
  • Northeast Region Consumer Price Index

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Data Processing & Hosting Services in New Jersey 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
  • Data management services
  • Information technology (IT) technical support services
  • Software related technical support services
  • Business process management services, including financial, human res
  • Application service provisioning, with or without integration of rel
  • Other business process management services
  • Chart: Data Processing & Hosting Services in New Jersey Industry Products and Services Segmentation

  • Major Markets
  • Non-financial enterprises
  • Content providers
  • Resellers
  • Financial Firms
  • Government organizations
  • Other
  • Chart: Major Market Segmentation for the Data Processing & Hosting Services in New Jersey 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 New Jersey

  • Basis of Competition
    Barriers to Entry
    Automatic Data Processing Inc., CommVault Systems Inc., First Data Corporation, LFORM Design,
  • Table: Automatic Data Processing Inc. - financial performance
  • Table: CommVault Systems Inc. - financial performance
  • Table: First Data Corporation - financial performance
  • Table: LFORM Design - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Data Processing & Hosting Services in New Jersey 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 New Jersey 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 enable 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 New Jersey Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Data Processing & Hosting Services in New Jersey industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

    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 New Jersey:
    • 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 New Jersey 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 New Jersey, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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