Data Processing & Hosting Services in Texas
The Data Processing and Hosting Services industry in Texas has experienced revenue growth over the five years to 2017, as the state has established itself as one of the nation's top locations for data centers due to its centralized location, inexpensive power costs, reliable energy grid, favorable climate and a local, well-educated workforce. Over the past five years industry growth has been spurred by an increase in the number of businesses in Texas, as businesses new and old increasingly outsource their IT-related needs to knowledgeable industry operators. Furthermore, the growing prevalence of cloud computing has further supported industry growth. Over the five years to 2022, the industry is forecast to continue growing, as companies will produce larger amounts of data, and will require the expertise of industry operators to manage this it, encouraging both large and small players to enter the industry.
This industry provides data processing or hosting activities. Data processing services provide specialized reports from information supplied by clients. Hosting services can include web and application hosting. Services range from automated data entry to processing data.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.