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IT & Technology
Overview of the IT industry
The IT and technology sector is a recent yet high-value economic segment. It focuses on researching, developing, distributing, and retailing information technology (IT) wares. These include electronics and software. It is a sector that spans over 585,000 enterprises and more than 55.3 million. It features an extensive inter-sector network. For instance, it has links to the electronics, construction, HoReCa, and media sectors. It also collaborates with the entertainment, telecommunications, retail, healthcare, and medical industries. It likewise has links to the education, transportation, broadcasting, and biotechnology sectors. In addition, it has applications in the banking, defence, security, and safety sectors. It likewise has connections to the embedded systems, optics, and optoelectronics industries. Also, it has links to the power, plastics, and internet sectors.
Is the sector of high value?
The IT industry is a highly valued segment. For instance, it has recently reached a market size of $1.50 trillion. The sector often researches, develops and implements innovations. This enables it to remain competitive and meet the latest consumer demands.
When does the sector present its innovations?
The segment presents its latest innovative wares during annual and biannual trade expositions. These attract hundreds of thousands of participants to various countries. Such include the Federative Republic of Germany and the Republic of Turkey. Such events also take place in the United Kingdom, the Kingdom of Spain and the United States of America. They likewise occur in Taiwan.