Infrastructure-as-a-service IaaS and platform-as-a-service PaaS are expected to be the fastest-growing segments of the cloud services market. The subsector supports more than , U. The Department of Commerce makes technology and Internet policy a top priority, investing resources to address the challenges and opportunities business faces in the digital economy. Overview The United States has the most advanced software and information technology IT services industry in the world.
Computer technology research, the development and manufacture of components and the assembly of completed systems have grown quickly in the labs and manufacturing plants of China, Taiwan, Korea, Singapore, the Philippines and Indonesia, among other lands.
Computer services continue to move offshore quickly, particularly to the tech centers of India. Meanwhile, the leading U. Global personal computer PC shipments were Growth in PCs is being slowed by a booming market in smartphones, and to a lesser extent, tablets. Vastly more smartphones are sold each year than PCs on a worldwide basis.
When you add in platforms such as iPads and notebooks connected wirelessly to the Internet, the shift to mobile computing is even more pronounced. Approximately 2 billion cellphones were sold worldwide during , nearly two-thirds of them being smartphones.
The current shift to mobile computing is accelerating this environment of constant access to data and communications. A combination of Wi-Fi, cloud computing, remote wireless sensors, fast cellular networks and incredibly advanced mobile devices is accelerating this trend.
Broadband access has been installed in enough U. Growth in broadband subscriptions worldwide is very strong. There were more than 3 billion fast Internet users worldwide including wireless by the beginning of Continuous technological progress is moving in-step with this rapidly expanding user base, leading to a steady evolution in the way we access and utilize software applications, including the soaring growth of cloud computing.
Over the next ten years, significant groundbreaking products will be introduced in areas such as high-density storage, artificial intelligence, optical switches and networking technologies, and advances will be made in quantum computing. The InfoTech revolution continues in the office as well as in the home.
The U. A vast segment of the workforce uses a computer of some type on the job daily, in every conceivable application—from factory workers managing computer-driven machinery, to office workers using computerized telephone systems, to cashiers ringing up sales at Wal-Mart on registers that are tied into vast computerized databases that track sales and inventory.
This is the InfoTech revolution at work, moving voice, video and data through the air and over fiber optic lines, driving productivity ahead at rates that we do not yet know how to calculate.
Our ability to utilize technology effectively is finally catching up to our ability to create the technologies themselves. Cheaper, faster chips, bigger storage capability and more powerful software will continue to enter the market at blinding speed. InfoTech continues to create new efficiency-creating possibilities on a continual basis. RFID radio frequency ID tagging, a method of digitally identifying and tracking individual items of merchandise promises to revolutionize logistics and drive InfoTech industry revenues even higher.
One of the biggest opportunities facing the IT industry for the mid-term is the harvesting and analysis of big data from this increasingly complex network of machines and sensors.
The health care industry is undergoing a technology revolution of its own. Patient records are finally going digital in standardized formats, and RFID is starting to make hospital inventories more manageable. For businesses, the stark realities of global competition are fueling investments in InfoTech. Demands from customers for better service, lower prices, higher quality and more depth of inventory are mercilessly pushing companies to achieve efficient re-stocking, higher productivity and faster, more thorough information management.
These demands will continue to intensify, partly because of globalization. Solutions are rising from InfoTech channels: vast computer networks that speed information around the globe; e-mail, instant messaging, collaboration software and improved systems for real-time communication between branches, customers and headquarters; software with the power to call up answers to complex questions by delving deep into databases; clear fiber-optic cables that carry tens of thousands of streams of data across minuscule beams of light; vast wireless networks; and seemingly endless capacity on servers based in the cloud.
Businesses are paving the paths to their futures with dollars invested in InfoTech because: 1 substantial productivity gains are possible; 2 the relative cost of the technology itself has plummeted while its power has multiplied; and 3 competitive pressures leave them no choice. Industry Overview Video.
Top Companies Profiled The following is a partial listing for this industry. As a subscriber, you will have access to the leading companies and top growth companies. Software is viewed as the great simplifier of complicated and tedious tasks that usually takes longer hours when done manually.
The software industry has come of age and matured in business models. It has gained through operational performance rather than just technology innovations or mergers and acquisitions.
In collecting great revenues, organic development has been one of the key factors to drive software industry to such heights. US alone accounts for Another trend in practice is of mergers and acquisitions or partnerships and strategic alliances between software vendors for the new and innovative functionality offering capability to the software.
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