US Data Processing & Hosting Revenues to Advance 6.5% Per Year in Nominal Terms to 2022

CLEVELAND, March 6, 2019 /PRNewswire/ -- Revenues for US data processing and hosting services are forecast to expand 6.5% per annum in nominal terms through 2022, according to Data Processing & Hosting: United States, a report recently released by Freedonia Focus Reports. Growth will be driven by increasing data volumes, security needs, and the information technology (IT) expertise needed to assist in the transition to and maintenance of cloud-based operations in which computer processing resources or data storage are based in data centers. Further growth will be restrained by ongoing competition from in-house capabilities maintained by potential customers.

More information about the report is available at: https://www.freedoniafocusreports.com/Data-Processing-Hosting-United-States-FF95031/

Businesses represented the dominant source of revenue for US data processing and hosting service firms over the decade to 2017 and are expected to remain so through 2022. Household revenues are outpacing growth in both the business and government markets, as individuals increasingly utilize cloud storage and media streaming services. All three markets will undergo significant expansion as they continue to generate greater volumes of data and as a wider range of internet-based applications become available.

These and other key insights are featured in Data Processing & Hosting: United States. This report forecasts to 2022 US data processing and hosting service revenues in nominal US dollars. Total revenues are segmented by source in terms of:

    --  data processing and hosting
    --  IT design and development
    --  IT technical support
    --  IT technical consulting
    --  information and document transformation
    --  other sources such as software publishing and reselling of computer
        hardware and software

Total revenues are also segmented by market as follows:

    --  business
    --  government
    --  household

To illustrate historical trends, total revenue and the various segments are provided in annual series from 2007 to 2017.

Data processing and hosting services are also referred to as cloud computing and storage services. Cloud data centers operated for captive use are excluded from the scope of this report. US providers' revenue includes income from all domestic locations primarily engaged in providing infrastructure for hosting or data processing services. Thus, receipts from other activities performed by these locations are included in total revenue. Receipts from establishments that may provide data processing and storage services but are primarily engaged in a different activity are excluded from this report. Revenues from payroll and financial transaction processing services are also excluded from this report.

About Freedonia Focus Reports

Each month, The Freedonia Group - a division of MarketResearch.com - publishes over 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Additional Services & Industries reports can be purchased at Freedonia Focus Reports or MarketResearch.com.

Analysis is intended to guide the busy reader through pertinent topics in rapid succession, including:

    --  total historical market size and industry output
    --  segmentation by products and markets
    --  identification of market drivers, constraints, and key indicators
    --  segment-by-segment outlook in five-year forecasts
    --  a survey of the supply base
    --  suggested resources for further study

Press Contact:
Corinne Gangloff
+1 440.684.9600
cgangloff@freedoniagroup.com

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SOURCE The Freedonia Group