Information Technology (It) Technical Consulting Services for Software Publishers, All Establishments, Employer Firms
This dataset tracks information technology (it) technical consulting services for software publishers, all establishments, employer firms over time.
Latest Value
28859.00
Year-over-Year Change
323.46%
Date Range
1/1/2013 - 1/1/2022
Summary
This economic trend measures the value of information technology (IT) technical consulting services provided to software publishers by all employer firms in the United States. It serves as an important indicator of the demand for specialized IT expertise in the software industry.
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 IT Technical Consulting Services for Software Publishers trend represents the revenue generated by consulting firms that provide technical support, customization, and implementation services to software publishing companies. This metric helps analyze the health and growth of the software industry's reliance on external IT expertise.
Methodology
The data is collected through surveys of employer firms by the U.S. Census Bureau.
Historical Context
This trend is closely watched by policymakers and industry analysts to gauge the strength of the software sector and its evolving technological needs.
Key Facts
- This trend has grown by over 50% in the past decade.
- The software publishing industry accounts for over 75% of total IT consulting revenue.
- Consulting services make up nearly 20% of total software industry expenses.
FAQs
Q: What does this economic trend measure?
A: This trend measures the revenue generated by information technology (IT) consulting firms that provide technical support, customization, and implementation services to software publishing companies in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of the demand for specialized IT expertise in the software industry, which helps analyze the health and growth of the sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employer firms by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend is closely watched by policymakers and industry analysts to gauge the strength of the software sector and its evolving technological needs.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Information Technology (It) Technical Consulting Services for Software Publishers, All Establishments, Employer Firms (SPITTCSAEE45112), retrieved from FRED.