Whether it’s the debate over breaking up the largest tech companies, establishing clear legal ramifications and penalties for the exposure of sensitive user data, or figuring out how to thwart foreign countries from using social media to meddle in elections, the topic of regulation is front and center.
(…) As companies become more comfortable with a zero-trust framework, they will also gain an appreciation for the new investments they have to make, the new processes they have to build, and the new skills they need to acquire. Unfortunately, it also creates a nasty problem for cybersecurity. The complexity of new IT solutions creates a world of new opportunities. Increased need for cybersecurity solutions This means that technology is a driver for business objectives rather than simply playing a supporting role. Technology as a driver for business objectivesīusinesses are placing much more emphasis on strategic IT as opposed to the tactical mindset of previous decades. With flexibility and resilience as the guiding principles for future success, organizations will adopt a cloud-first mentality when it comes to building or upgrading IT infrastructure. semiconductors and semiconductor equipment: companies that produce semiconductor equipment (Intel, Microchip Technology, Nvidia, QUALCOMM and Texas Instruments).Ĥ IT industry trends according to CompTIA, a leading tech association.technology hardware and equipment: companies that produce routers, telephones and switchboards, computers, printers and cell phones (Apple, HP, Dell, Motorola, Cisco Systems, SanDisk and Western Digital).software and services: companies that provide internet services, software and IT services, search engines or social networks, software for business or consumer use (Google, eBay, Facebook, Accenture, PayPal, Adobe, Microsoft and Electronic Arts (EA).
The three major industry groups within the IT sector: Looking to increase your company’s profitability? Join our masterclass! The IT industry in 2021Īccording to the research consultancy IDC, the technology industry is expected to reach $5 trillion in 2021 which represents 4.2% growth, signalling a return to the trend line that the industry was on prior to the pandemic. The framework is a holistic way of looking at any industry and understanding the structural underlining drivers of profitability and competition. Porter’s Five Forces is a business framework that helps entrepreneurs shape their strategy to drive profitability.
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