Information Technology Services Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 12/19/2016
SIC Codes: 7371, 7373
NAICS Codes: 5415
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
View Full Sample Add To Cart

Excerpt from Information Technology Services Industry Profile

Companies in this industry provide services such as software support, computer systems design, and data processing facilities management. Major companies include Computer Sciences Corporation, Xerox, and the technology consulting arms of IBM and Hewlett-Packard (all based in the US), along with Cap Gemini (France), Fujitsu (Japan), NTT Data (Japan), and Tata Consultancy (India).

Worldwide spending on IT services and products is about $3.5 trillion annually, according to Gartner. Major exporters of computer services include the EU, India, the US, Canada, and Israel, according to the World Trade Organization.

The US information technology (IT) services industry includes about 135,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $360 billion.

COMPETITIVE LANDSCAPE

Demand for IT services is driven by rapid technological advances, but spending depends on the health of the US economy. The profitability of companies depends on technical expertise, innovative services, and effective marketing. Large companies have advantages in broad service offerings and global reach, which give them the ability to provide outsourcing services to big corporate customers. Small companies can compete effectively by specializing in market niches or by partnering with larger companies that want to broaden their mix of services. The US industry is fragmented: the 50 largest companies account for about 40% of revenue.

PRODUCTS, OPERATIONS & TECHNOLOGY

Computer systems design, development, and integration services account for about 35% of industry revenue; application design and development services, 25%; ...

 
View Full Sample Add To Cart Return to the Industry Profile Menu

Related Profiles

Here are a few profiles related to Information Technology Services that you also might be interested in viewing:

Would you or your company benefit from having unlimited access to First Research's industry intelligence tools?

Learn More About Subscription Options