Technology: Introduction
Segments
Cloud Computing Services
A relatively new segment, cloud computing is the practice of using a network of remote servers hosted on the Internet to store, manage, and process data, rather than a local server or a personal computer.
Electronic Commerce
Companies in this particular segment design and publish software to conduct business-to-business and business-to-consumer transactions through the Internet and other computer networks.
Entertainment Software
Companies in this segment create video games and other entertainment software. Major products include items such as console software, handheld games, smartphone applications, and personal computer games.
The Technology industry is Highly Concentrated. The production in this industry is dominated by a small amount of large firms that are able to shape the industry’s direction and price levels.
Primary Demand Drivers
- Rapid technological advances, but spending depends on the health of the domestic economy
Profitability Drivers
- Technical expertise
- Innovative services
- Effective marketing
From the Blog 
There are over 1.925 billion users on the social media app of TikTok. Initially called Musical.ly, TikTok was bought by Chinese company ByteDance in 2018 and began its global expansion. The previous ban on TikTok in the United States has sparked concerns about its global impact on business, job markets, and digital innovation.
Companies and investors in the United States and the United Kingdom have been implementing strategic changes due to the recent earnings season. Many are trying to take advantage of new post-election laws that affect trade, taxation, and investment incentives.
Sources
- SelectUSA (Date Accessed: 6/1/2017)