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
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.
As the infamous COVID-19 continues to spread around the world, it is also changing billions of lives. Simple activities such as going shopping at the mall or going out to eat at your favorite restaurant have become merely a dream, as millions of people are forced to follow social distancing mandates. Countries like Italy and China have been on lockdown for months, while other countries like Spain and the United States only started their lockdown and social distancing orders a few weeks ago. No matter what county you’re from, odds are you have been affected by this pandemic in one way or another. Yet, now experts are beginning to wonder what the world will look like after the pandemic fades out, and if some of the coronavirus preventions may stay in place.
- SelectUSA (Date Accessed: 6/1/2017)