The technology frontier has eclipsed almost all the other sectors. It has emerged as a single largest segment of the market extending benefit to all the associated stakeholders. But, the past has been scary with recessions baffling mainstays of the IT industry forcing investors to withdraw their investment initiatives in the IT sector. Though, this is true, the emergence of various technology inventions like smartphones, tablets and other mobile gadgets has restored the faith in IT investments. Moreover, international trade, outsourcing and thriving online businesses earned IT sector the reputation of being a sure fire method of earning great return on investments.
Why invest in the IT sector?
- The booming IT sector will continue to bulge as IT spending is expected to increase by almost 3.1 percent reaching $3.18 trillion this year
- The mobile app market will continue to draw huge profits as developers continue to march towards developing innovative apps benefitting stakeholders
- Mobile apps are rapidly evolving every year surpassing the expected revenue generation
- Mobile market is set to reach $8.5 billion by 2016
- The money making mechanism (in-app purchases) has experienced a tremendous upsurge
- In 2012, 53% of the app store revenue was attributed to in app-purchases
- App store revenue reached a new high of 76%
There is another market segment growing at an unprecedented rate .i.e. electronic commerce. eCommerce businesses have received a serious boost courtesy mobile explosion. In the past, electronic commerce was scary, but inception of secure channels has popularized eCommerce in the technology driven society. Year on year, eCommerce has grown by almost 16.8%. In 2017, global eCommerce sales are expected to reach 2,064.3 billion. These serious facts, affirms that investment in the IT sector maximizes chances of gaining good returns on investments.
Investment possibilities in the IT sector
There are numerous ways to get on the IT bandwagon and reap benefits. The best part about IT industry is that investments need not be from IT professionals or entrepreneurs. Anyone can invest in the IT sector and generate maximum profit in the following ways.
Smartphones have emerged as the most disruptive technology of the modern era. They are mainly driven by mobile apps. Considering this fact, mobile app development is a quick and reliable method for gaining fruitful returns on investments. This can be done by developing applications that comprehensively address the pain areas of the emerging markets.
Initially, the app market may seem intimidating, but a careful selection of app development ideas would result in app recognition and expected profit. But, this approach is debatable as the app stores are flooded with millions of apps, and global app adoption seems to be an ambitious approach. This is true, but, targeting niche markets and automating lagging sectors using mobile apps can assure good returns on investment (given the development work is assigned to a reputed IT company).
The best example of industry-centric application is BiteFX. BiteFX is an innovative application for dentist including animations to accurately and effectively explain occlusion to patients. This has resulted in communicating occlusions and convincing patients for the same.
Global investments in mobile games reached $1 billion in 2013. This market segment’s growth could drive revenues to $100 billion by 2017, making it the most lucrative IT investment sector. This is one such investment opportunity that can transform your identity from rags to riches. There are numerous examples of such instances where games have blasted into fame within a short period of time. In addition to the development of innovative games, in-app purchases revenue can significantly result in higher ROI.
The recent most popular racing game ruling the app store is Go Karts. Within two weeks of its launch, the game garnered global attention with thousands of downloads forcing developers to work on the next version.
Become an outsourcing partner
Outsourcing phenomenon has advanced manifolds. In the past few decades, outsourced ventures are markedly being noticed for cost-effectiveness and high profits. Under these circumstances, becoming an outsourcing partner has multiple benefits. Simply teaming with leading offshore companies for IT ventures would provide a secure investment channel and the possibility of higher returns on investment. This partnership model is lucrative for companies operating in the field of IT or adjacent industries.
The primary objective of outsourcing partnership is driving profit by outsourcing projects those are beyond your core competence or budget limits. Doing this enables you to get expert solutions from proficient offshore development service providers; thus, driving sustainable growth.
Set-up an eCommerce store
eCommerce is the next big thing on the web. The rapid evolution and the emergence of electronic commerce has redefined possibilities of earning. Investments in this IT space can significantly enable you to make a lot of money.
To start with you need to finalize the niche with acceptable demand and relatively low competition. You can determine products those are difficult to find in the brick-and-mortar stores. Look out for reputed suppliers shipping products across the globe and set-up a website for your store. On successful marketing of the business, you can mark your presence on the web and generate good and assured ROI through an online store.
To conclude, I would say that, in the huge and unwieldy deployment of IT products, it is possible to generate smart revenues by spending on the above mentioned IT investment possibilities. These opportunities are huge for businesses looking to discover new avenues of revenue generation or entrepreneurs looking to make money from investments. As a single largest segment of the market, it has acquired global implementation acceptance. The industry is driven by innovation and invention being foreseen as a necessity in all walks of our lives. The growing penetration of IT products and services in the society restores faith in the booming IT industry. Thus, IT industry is a highly regarded investment avenue that can maximize the return of investments through multiple channels and engagement models.