Industry Analysis & Industry Trends
The Computer System Design Services industry comprises businesses that develop and implement programming systems and business solutions. The industry has expanded rapidly as computers and information technology in the workplace require regular upgrades and enhancements, with many businesses outsourcing non-essential systems operations. The industry has grown over the past five years due to increased online connectivity, with financial services providers such as banks and insurers continuing to be among the industry's largest clients. Over the five years through 2015-16, industry revenue is expected to grow at an annualised 3.3% to total $45.3 billion. This includes forecast growth of 2.2% in 2015-16... purchase to read more
Industry Report - Industry Key Buyers Chapter
The industry exhibits a low concentration level. Despite the presence of high-profile multinational corporations, the four largest players in the industry are projected to account for approximately 15% of industry revenue in 2015-16. The low level of industry concentration is partly due to the multitude of small specialist firms, coupled with the abundance of independent contractors. The majority of companies in the industry are sole traders with minimal revenue. Small operators provide services such as local library card systems, and database establishment and operation for local councils, civic services and small businesses.
Consulting industries have typically been highly fragmented, and IT consulting is no exception... purchase to read more