Sources of Revenue: Custom Application Design and Development for Computer Systems Design and Related Services, All Establishments, Employer Firms
REVCADEF5415ALLEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
159,854.00
Year-over-Year Change
90.62%
Date Range
1/1/2013 - 1/1/2022
Summary
This economic trend measures the sources of revenue for custom application design and development services within the computer systems design and related services industry. It provides insights into the financial dynamics of this specialized sector.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Sources of Revenue: Custom Application Design and Development for Computer Systems Design and Related Services, All Establishments, Employer Firms trend tracks the revenue generated by custom software development and related services across the broader computer systems design industry. This data is valuable for understanding market trends and industry competitiveness.
Methodology
The data is collected through surveys of businesses in the relevant NAICS industry codes.
Historical Context
This trend is closely monitored by economists, policymakers, and industry analysts to assess the health and growth potential of the computer services sector.
Key Facts
- The computer systems design and related services industry generates over $500 billion in annual revenue.
- Custom application development accounts for a significant portion of total industry revenue.
- This sector has experienced robust growth in recent years driven by digital transformation initiatives.
FAQs
Q: What does this economic trend measure?
A: This trend measures the revenue sources for custom application design and development services within the broader computer systems design and related services industry.
Q: Why is this trend relevant for users or analysts?
A: This data provides valuable insights into the financial performance and market dynamics of a key segment of the technology services sector, which is closely watched by economists, policymakers, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in the relevant NAICS industry codes.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to assess the health and growth potential of the computer services sector, which has significant implications for broader economic and technology-related policies.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule, but there may be some delays in reporting due to the survey-based collection process.
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Citation
U.S. Federal Reserve, Sources of Revenue: Custom Application Design and Development for Computer Systems Design and Related Services, All Establishments, Employer Firms (REVCADEF5415ALLEST), retrieved from FRED.