Cloud nine: The industry will benefit from the growing number of businesses in Virginia

The Data Processing and Hosting Services industry in Virginia provides services for a variety of information technology (IT)-related activities, ranging from data management services to IT technical support services. Over the past five years, demand has increased as IT operations have become increasingly data-centric, leading industry revenue to grow. Leading growth factors include an increase in the number of businesses in Virginia, growing local and state government expenditures and strong investment in technology infrastructure. Businesses in the state, which are a major downstream market for industry services, are projected to grow at an annualized rate of 2.0% over the five years to 2018. These factors are expected to drive revenue growth at an annualized rate of 1.3%, to total $4.8...purchase to read more.

Industry Statistics & Market Size
Revenue
$5bn
Annual Growth 13-18
1.3%
Forecast Growth 18-23
Profit
Employment
23,717
Businesses
1,760

Industry Threats & Opportunities

  • Sustained demand from a growing number of businesses is expected to benefit the industry
  • Additional Insights for the Data Processing & Hosting Services in Virginia Industry

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

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    What's in this report

    What is the Data Processing & Hosting Services in Virginia 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
  • Data management services
  • Information technology (IT) technical support services
  • Application service provisioning
  • 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
  • Number of businesses in Virginia
  • Local and state government expenditure in Virginia
  • Population
  • Consumer price index

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

  • Major Markets
  • Nonfinancial enterprises
  • Content providers and resellers
  • Government organizations
  • Financial services
  • Other
  • Chart: Major Market Segmentation for the Data Processing & Hosting Services in Virginia 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 Virginia

  • Basis of Competition
    Barriers to Entry
    Cyxtera Technologies, Calibre Systems, Equinix Inc., First Data Corporation,
  • Table: Cyxtera Technologies - financial performance
  • Table: Calibre Systems - financial performance
  • Table: Equinix Inc. - financial performance
  • Table: First Data Corporation - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Data Processing & Hosting Services in Virginia 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 Virginia 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?

    IBISWorld’s Industry Market Report on Data Processing & Hosting Services in Virginia 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 Virginia:
    • 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 Virginia 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 Virginia, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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