Industry Analysis & Industry Trends
The Computer System Design Services industry is comprised of businesses that assist in the development and implementation of programming systems and business solutions. The industry rapidly grew since the use of computers in the workplace became more common, and has benefited as businesses continue to outsource many non-essential operations. The industry slowed briefly during the peak of the global financial crisis as business confidence dropped considerably. In the wake of the downturn, financial service providers, banks and insurers continue to be the industry's largest clients. Over the past five years through 2013-14, industry revenue is estimated to grow at an annualised 3.9% to total $44.2 billion, including a 2.6% jump over the current year... purchase to read more
Industry Report - Industry Key Buyers Chapter
The industry exhibits low levels of industry concentration. Despite the presence of high-profile multinational corporations, the four largest players in the industry account for less than 20% of revenue. The low industry concentration is partly due to the multitude of small specialising 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 been typically highly fragmented, and IT consulting is no exception. IBISWorld expects the industry to moderately increase in concentration over the next five years... purchase to read more