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
In this day and age, there are countless channels available to consume media. From the radio to television to social media networks, we are constantly bombarded with information and can access any content at our fingertips. New channels are cropping up all the time as well. One way to consume media that has skyrocketed in popularity is listening to podcasts. Podcasting is expected to be a $1 billion industry by 2021 and listeners are expected to top 100 million in the United States alone. Let’s dive into the podcasting industry and how it looks around the world.
The most important thing to do in times of isolation is to still have some kind of connection. People are searching out their friends and family through video chat to check in and push towards having connections. Whether it’s FaceTime, Skype, Zoom, or another one of the hundreds of different video calling platforms, everyone seems to have a personal favorite. Video chatting is now becoming an essential part of society. And because of this, the video conferencing market is seeing an increase in consumption.
- SelectUSA (Date Accessed: 6/1/2017)