Sources of Revenue: Information Technology (IT) Technical Consulting Services for Data Processing, Hosting, and Related Services, All Establishments, Employer Firms
REVITCEF518ALLEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,685.00
Year-over-Year Change
-10.33%
Date Range
1/1/2013 - 1/1/2017
Summary
This economic trend measures the sources of revenue for information technology (IT) technical consulting services in the data processing, hosting, and related services industry. It provides insights into the financial health and market dynamics of this important technology 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: Information Technology (IT) Technical Consulting Services for Data Processing, Hosting, and Related Services, All Establishments, Employer Firms trend tracks the revenue composition of IT consulting firms that provide services related to data processing, hosting, and other IT infrastructure. This data is used by economists and policymakers to analyze industry performance and competitiveness.
Methodology
The data is collected through surveys of businesses in this industry sector by the U.S. Census Bureau.
Historical Context
This trend is relevant for understanding the market for IT consulting services that support the digital economy and cloud computing infrastructure.
Key Facts
- IT consulting services account for over $400 billion in annual revenue.
- Cloud computing is a major growth driver for the IT services industry.
- The data processing and hosting subsector makes up about 25% of total IT consulting revenue.
FAQs
Q: What does this economic trend measure?
A: This trend measures the sources of revenue for information technology (IT) technical consulting services in the data processing, hosting, and related services industry.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the financial health and market dynamics of the important IT consulting services sector that supports the digital economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in this industry sector by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding the market for IT consulting services that support the digital economy and cloud computing infrastructure.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months.
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Citation
U.S. Federal Reserve, Sources of Revenue: Information Technology (IT) Technical Consulting Services for Data Processing, Hosting, and Related Services, All Establishments, Employer Firms (REVITCEF518ALLEST), retrieved from FRED.