The pullback in information technology (IT) spending immediately following the recession resulted in a slowdown of industry growth rather than a decline in revenue. The Data Processing and Hosting Services industry's performance will improve over the next five years due to renewed IT spending and increased outsourcing by nonindustry companies seeking to trim IT costs. Consolidation within other industries will likely push more companies to a level of complexity in which the outsourcing of their IT needs is more convenient and affordable than maintaining those services in-house. Meanwhile, the increasing prevalence of internet-based media and services has continued driving this industry's revenue beyond prerecessionary highs.
This industry provides specialized 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.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.