Industry Analysis & Industry Trends
Companies in the Data Processing and Hosting Services industry offer business process management and data processing, application services, data storage and management, IT support, network management and website hosting, as well as a wide variety of other services. The industry has transformed over the past decade as the growth of cloud computing has created new markets for industry operators. In the beginning of the five-year period, the industry exhibited strong revenue growth, particularly in 2012-13 where revenue was boosted by increased business capital expenditure and increasing mobile connections... purchase to read more
Industry Report - Industry Key Buyers Chapter
The UK Data Processing and Hosting Services industry is estimated to have a low level of market concentration in 2016-17. The four largest operators within the industry are estimated to account for 19.8% of industry revenue. Over the past five years increased competition within the industry has led to the market share concentration falling. The industry is fragmented, with an increasing number of enterprises entering the industry. Due to the diverse nature of the industry, operators can specialise in niche markets earning significant revenue. In 2016, the Office for National Statistics (ONS) estimated that 75.2% of industry enterprises employed fewer than five employees, yet firms are increasingly growing their workforce.
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