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
Wireless network technology is not often on the mind of the average person. Over the past ten years, society has grown accustomed to uninterrupted access to the internet everywhere we go, whether there is a Wi-Fi connectivity or not. The proliferation of mobile applications has made many people dependent on continuous network connectivity to conduct business, commute to work, stay up to date on the news, and interact with family and friends. The wireless network is the technology that underpins omnipresent access to the internet and that technology is scheduled for a major upgrade in the coming years.
Today, the next big advancement for the world just might be the arrival of fifth-generation (5G) wireless network technology. The new 5G technology plans to use higher-frequency spectrum known as millimeter waves, which can carry more data than other types of the spectrum but can’t travel as far or penetrate many hard materials, which means at first, the coverage will only be available in select cities.
- SelectUSA (Date Accessed: 6/1/2017)