Sources of Revenue: Information Technology (IT) Design and Development Services for Data Processing, Hosting, and Related Services, All Establishments, Employer Firms
This dataset tracks sources of revenue: information technology (it) design and development services for data processing, hosting, and related services, all establishments, employer firms over time.
Latest Value
8289.00
Year-over-Year Change
156.63%
Date Range
1/1/2013 - 1/1/2021
Summary
This economic trend measures the sources of revenue for information technology (IT) design and development services for data processing, hosting, and related services across all U.S. employer firms. It provides insights into the composition and trends of this critical technology services 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: IT Design and Development Services for Data Processing, Hosting, and Related Services, All Establishments, Employer Firms trend tracks the revenue breakdown for establishments providing a range of IT services, including software development, systems integration, and cloud computing. This data is useful for analyzing the competitive dynamics and growth patterns within the technology services industry.
Methodology
The data is collected through the U.S. Census Bureau's Annual Business Survey of employer firms.
Historical Context
This trend is relevant for policymakers, industry analysts, and investors seeking to understand the evolving technology services landscape and its contribution to the broader economy.
Key Facts
- IT design and development services account for over $300 billion in annual revenue.
- Data processing and hosting services make up the largest revenue segment within this industry.
- The technology services sector has experienced steady growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the sources of revenue for information technology (IT) design and development services for data processing, hosting, and related services across all U.S. employer firms.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the composition and growth patterns of the critical technology services sector, which is important for policymakers, industry analysts, and investors.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Annual Business Survey of employer firms.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers seeking to understand the evolving technology services landscape and its contribution to the broader economy.
Q: Are there update delays or limitations?
A: The data is published annually, so there may be a delay in the most recent information being available.
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Citation
U.S. Federal Reserve, Sources of Revenue: Information Technology (IT) Design and Development Services for Data Processing, Hosting, and Related Services, All Establishments, Employer Firms (REVITDEF518ALLEST), retrieved from FRED.