Download PDF
October 2018
IT Consulting
Sectorwatch
The development of new technologies and the vital role that IT plays in the digital economy has resulted in this industry outperforming the broader economy. Over the next five years, improved conditions for businesses, investment in computers and software will spur growth for industry services. In particular, more businesses are expected to take advantage of data analytics and cloud-computing technology, which are rapidly removing barriers between companies and users.
Industry Trends:
- Current revenue growth rate exceeds the average of the last 3 years, indicating that market momentum is increasing
- Current gross profit margin exceeds the average of the last 3 years gross profit margin, indicating supplier pricing power
- Current EBITDA margin exceeds the average of the last 3 years EBITDA margin, a condition that may attract new entrants
