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 food industry has always been slow to changes. But with new technologies on the rise and more customer demands, this stubborn industry is slowly adapting. Below are some new breakthroughs in technology that are affecting what we eat and how our food is made.
The world is always looking for the next technological advancement that will bring in money and make everyday life easier. Right now, the fastest startup in the world to reach one billion dollars is Bird rentable scooters. Bird, along with its competitors, Lyme, and Skip, have taken advantage of people's newfound love for easy and fast modes of transportation in crowded cities and around college campuses. This is especially popular with younger people as most of the users are college students or young adults that live and work in cities and have little use for cars. Bird has combined the incredible ability of smartphones with the need for more public transportation and has created apps that allow people to locate scooters everywhere and give them a cheap and easy way to get places quick. This works because of its ubiquitous accessibility. Whenever someone needs one, it is a click away, and when they did, they simply put the kickstand up and continue with their day.
- SelectUSA (Date Accessed: 6/1/2017)