Silver lining: Rising IT outsourcing and prevalence of online services will charge industry growth

The Data Processing and Hosting Services industry provides infrastructure used for a variety of information technology (IT)-related activities, ranging from web hosting to automated data entry services. Over the five years to 2017, businesses have increasingly outsourced their IT infrastructure needs, directly benefiting industry operators. The advent and popularization of cloud computing, one of the industry's fastest-growing product offerings, has similarly led to greater demand. Over the next five years, industry revenue is expected to grow. As the technology required to process and host data becomes more complex, the level of expertise needed to effectively manage large data centers will rise...read more.

Industry Statistics & Market Size
Revenue
$11bn
Annual Growth 12-17
6.6%
Forecast Growth 17-22
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Profit
x.x%lock
Employment
35,884
Businesses
4,447
Market Share of Companies
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Industry Threats & Opportunities

  • Businesses have increasingly outsourced their IT needs, benefiting industry operators and increasing demand
  • Banking and financial industries are increasingly relying on third-party hosting companies
  • As demand grows and industry firms innovate, profit is forecast to rise

    • Industry Report - Industry Analysis Chapter

    The Data Processing and Hosting Services industry in New York has been growing at an estimated annualized rate of 6.6% to $10.8 billion over the five years to 2017. This rise is due to fast growth in the number of mobile internet connections, the percentage of services conducted online and overall economic growth in the New York economy; these combined factors have increased industry demand and, consequently, revenue, which is expected to grow 2.0% in 2017 alone.Rise of online bankingNew York is home to the country’s largest financial services center, and the increased technological integration among these types of clients has boosted demand for data processing and hosting services. Ban...purchase to read more.

    Additional Insights for the Data Processing & Hosting Services in New York Industry

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

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    Industry Products

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

    This industry provides data processing or hosting services. 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
  • Video and audio streaming services
  • Business process management services
  • Data management services
  • Website hosting services
  • Application service provisioning
    • Industry Activities
  • Application hosting
  • Application service provider services
  • Data entry services
  • Data processing computer services
  • Data processing
  • Database management
  • Web hosting
    • Table of Contents

    About this Industry

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources

    Industry at a Glance

    Industry Statistics Snapshot
    Industry Structure
    Executive Summary

    Industry Performance

    Executive Summary
    Key External Drivers
  • Number of Businesses in New York
  • Percentage of services conducted online
  • Corporate profit
  • Number of mobile internet connections

    • Current Performance
  • Rise of online banking
  • Mobile trends spur growth
  • Chart: Revenue Growth

    • Industry Outlook
  • Continued online growth
  • Industry trends
  • Table: Data Processing & Hosting Services in New York Industry Revenue Outlook

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

    • Products & Markets

    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
  • Video and audio streaming services
  • Business process management services
  • Data management services
  • Website hosting services
  • Application service provisioning
  • Chart: Data Processing & Hosting Services in New York Industry Products and Services Segmentation

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

    • Business Locations
    Chart: Business Locations by State

    Competitive Landscape

    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesDepreciationRent, utilities and marketing
  • Chart: Cost Structure Benchmarking – Sector vs Data Processing & Hosting Services in New York

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

    • Major Companies

    Alphabet Inc.Hewlett Packard Enterprise CompanyOracle Corp.Salesforce
  • Table: Alphabet Inc. - financial performance
  • Table: Hewlett Packard Enterprise Company - financial performance
  • Table: Oracle Corp. - financial performance
  • Table: Salesforce - financial performance

    • Operating Conditions

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

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

    • Regulation & Policy
    Industry Assistance

    Key Statistics

    Table: Industry Data for the Data Processing & Hosting Services in New York Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Number of Businesses in New York (2008-2022)

    • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data

    Jargon & Glossary

    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.
    • Why buy this report?

    IBISWorld’s Industry Market Report on Data Processing & Hosting Services in New York is a comprehensive guide to market size and growth prospects. Ensure due diligence in your research with our strategic analysis of the factors influencing companies, including new product developments; economic, lifestyle and demographic influences; distribution and supply chain factors; and pricing issues.

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

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