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Hoover's Directories > Industry Overviews > Information Technology Services

Information Technology Services

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Industry Description

The US information technology (IT) services industry includes about 100,000 companies with combined annual revenue of about $290 billion. Major companies include Computer Sciences Corporation (CSC), Unisys, and the technology consulting arms of IBM and Hewlett-Packard. The computer facilities management segment of the industry is highly concentrated: the 50 largest companies generate about 80 percent of revenue. The rest of the industry is concentrated: the 50 largest companies account for about 50 percent of revenue.

SIC: 7376, 7373, 7371, 7379
NAICS: 541511, 541512, 541513, 541519
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Top 5 Companies

CompanySalesLocation
International Business Machines Corporation106,916.00MArmonk, NY
LSD INFORMATION TECHNOLOGY (PTY) LTD100,356.87MJohannesburg, Gauteng
HP Enterprise Business57,172.00MPalo Alto, CA
IBM Global Services56,424.00MArmonk, NY
Fujitsu Limited54,644.26MTokyo, Japan
Bullet - Yellow Arrow Box There are 913,828 companies in this industry. To view all of them, register now.

Industry Indicator

Total US consumer spending, a driver for the IT needs of consumers, rose 2.5 percent, primarily from nondurable goods expenditures, in November 2011 compared to the same month in 2010.
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Quarterly Industry Update

Cloud Demands to Boost IT Employment - Rising investment in cloud technologies is helping to boost IT employment, according to one recent study. The Wanted Analytics survey reported by eWEEK found a...
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