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 
What Are Intellectual Property Rights
Intellectual property rights (IP) are legal rights that protect creators’ inventions, creations, developments, etc. There are four types different types of IP: patents, trademarks, copyrights, and trade secrets. IP can differ from country to country, so it is important to be aware of local IP laws and enforcement.
The Coronavirus pandemic has greatly modified every aspect of modern life for over a year now. The entertainment industry has had to change in many ways to adapt to the inability to perform in-person. A previous globalEDGE blog covered how the music industry has seen a massive drop in revenue, especially since up to 80% of a musician's revenue is gained during live concerts. How have other versions of live entertainment held up during the last year, and what are they planning on doing going forward?
Sources
- SelectUSA (Date Accessed: 6/1/2017)