Data Processing & Hosting Services in the US - Market Research Report (2014-2029)

Time to process: Outsourcing of data processing and hosting services is expected to increase

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.

The Data Processing and Hosting Services industry provides infrastructure used for a variety of information technology (IT)-related activities, ranging from online hosting to automated data entry services. Over the past five years, businesses have increasingly outsourced their IT infrastructure needs, directly benefiting companies in this industry. The advent and popularization of cloud computing, one of the industry's fastest-growing product offerings, has similarly led to greater demand. As a result, the industry has fared well over the past five years, growing at a CAGR of 8.9% to $325.4 billion. While COVID-19 has not reduced industry revenue, it decelerated revenue growth in 2020 due to high economic uncertainty. In 2023, revenue is forecast to grow 6.0%.

This industry provides data processing or hosting services. 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 data processing.