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.
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.
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
- Technical expertise
- Innovative services
- Effective marketing
From the Blog
As Britain continues with the process of exiting the EU, it appears that globalism has slowed into a more stagnant condition; however, there is one area where globalism continues to expand rapidly: the flow of digital data and information. With blockchain acquiring most of its fame from being the back-end technology that powered cryptocurrencies like Bitcoin, it is now blossoming across multiple industries. The potential of this up-and-coming technology is full of surprising possibilities for the future of international business. In the coming times, we will not only see how blockchain technologies will lead to greater efficiency, but how they will drive the global economy into a new age.
Just a few years ago, video games were no more than mindless games children and teens played to pass time. Parents would gripe about how their children spent too much time on their phones or gaming systems and, instead, they should focus more on schoolwork that would better prepare them for their future. But what if playing video games could make someone more money than going to college, earning a degree, and working a typical job could? Well, the world of eSports is doing just that.
- SelectUSA (Date Accessed: 6/1/2017)