IT Consulting in New York - Industry Market Research Report

All systems go: Increased demand will likely increase the number of industry enterprises

IT Consulting in New York

The IT Consulting industry in New York has grown over the past five years as industry firms have captured a rising level of demand in an increasingly technology-reliant business space. Shifting technology trends boosted demand for new services and encouraged companies to replace older, more traditional technology. Also, growth in corporate profit over the past five years and a constantly rising investment in computers and software has helped drive industry revenue growth. As the economy strengthens, corporate profit will continue to rise and support investment in computers and software. Growth in demand from finance and insurance, which is one of the largest markets for industry operators, is anticipated to accelerate and further benefit the industry. Consequently, the analyst expects industry revenue to rise in the five years to 2022. Profit will rebound as companies shift their portfolio toward IT consulting services.

The IT Consulting industry in New York includes firms that provide the following services to client companies: writing, testing and supporting custom software; planning and designing integrated hardware, software and communication infrastructure; and on-site management of computer systems and data processing facilities. This industry excludes packaged software publishers and off-site data processing and hosting services.

This report covers the scope, size, disposition, and growth of the industry including the key sensitivities and success factors. Also included are five-year industry forecasts, growth rates and an analysis of the industry key players and their market shares.