VLink INC and the IT Service Industry

SOUTH WINDSOR, Conn. - Aug. 21, 2014 - PRLog -- The companies whom are tasked with the job of managing the information technology sector become more vital for businesses, big and small, as time passes.  Companies like VLink get recognized for their IT services each year at events like Marcum Tech’s Top 40 IT businesses.  Most of us don’t otherwise notice their contributions to businesses behind-the-scenes, securing networks, maintaining infrastructure, and keeping products working without any hiccups.

Theses tech companies in the IT service industry can increase the value of an already valuable company, just by doing simple consulting work or by outsourcing specialized areas like network servers, infrastructure support, or system management to better allocate resources for more integral parts of the company.

Supply and Demand

Over the years, IT services has expanded to fulfill the demand as every aspect of the inner-workings of a business is now connected through technology and becomes harder to manage with the typical handful of IT grunts.  Larger IT firms like VLink INC have the upper-hand with ability to scale and offer more flexibility with services that other IT services can’t offer.

IT service companies across the board have been getting more efficient and therefor more competitive when it comes to pricing and promises made through increases in bottom-lines and margins.

Ripe for the Taking

Demand for IT services doesn’t seem to be slowing down anytime soon, with rapid advancements in the way we interact, the way databases store information, and more processes being automated.  No business can escape the need for strong IT services, as it could provide a huge advantage in situations like coordinated global product releases, new startup companies, and any situation where the margin for error is extremely thin.

Products, Services and Information Technology

The IT service industry is broken-up into 3 major areas of revenue: Computer systems integration and development, software design and development, and traditional technical support or call centers.  The degree of involvement for these services depends on each client’s needs.  This can involve client staff training to increase competence and efficiency, hardware maintenance and upgrade consultation.

Outsourcing tasks like database housing, tech support, training, network management and maintenance, or even resource management are still important, often taken for granted now as businesses now tend to focus on the product and infrastructure support to increase margins.

Behind the IT service industry’s growth

Exponential growth of the IT service industry can be attributed to new technology like cloud computing emerging as the next industry standard.  With new technology comes new responsibilities and the need for competent service providers.  Cybersecurity is another major player in IT services, especially when it comes to the development of mobile-based software.

It’s also no secret that the IT service industry owes a lot of its success to the relationships with the government and the various industries interdependent on it.  A bulk of the IT service industry’s revenue depends on the allocation of government spending, both indirectly and directly.  If portions of the government are experiencing cutbacks, IT services is almost always being effected and experiences losses in revenue.

The Future of IT Services

When looking at the bigger picture, though, our society’s dependence and advancement in the way we communicate, progress, and use technology can only mean that the IT services industry will become more important and more prevalent in the future.

For the near-future, it is projected that for 2014 IT services will make a whopping $967 billion dollars; that’s up 4% from last year’s profits.  IT services is the second largest subset of the whole IT industry, right behind the telecom industry, which pulls-in over $1.6 trillion a year.  The IT devices industry also follows a similar pace to the IT services industry, which is only natural considering the increased dependence on mobility and convenience.  IT devices and set to profit $685 billion as a whole.

Getting a piece of the pie

One thing is for certain about the IT services industry, top companies like VLink INC, are prime targets for future investors, as the industry is set to see a steady growth annually of 4.3%.  This is an impressive statistic considering the loss of space that the outsourcing sector is experiencing.  This is partially due to cloud services reducing the costs for storage and operational costs.  As previously mentioned, the cloud technology is more of a pro than a con as IT service companies can capitalize on the new infrastructure and the new tools and security that comes with it.

The top IT service firms, privately and publicly held, see at least $3 million in annual revenue and have demonstrated record of growth in each of the preceding four years.  Four 2014 finalists at Marcum Tech’s Top 40 IT businesses have over $1 billion in revenue.  That’s what I would call a good indicator of a healthy industry, ripe for the taking.

Please Contact Us for More Details: -

VLink, Inc.
701 John Fitch Blvd.
South Windsor, CT 06074
Phone: 860-247-1400, x112
Fax: 860-256-8484
Email: sales@vlinkinfo.com
Web: http://www.vlinkinfo.com/