Industrial services

In developed economies, the service sector makes up for the majority of the market in com­parison to primary and sec­ondary sectors. Looking back at the past century, the more developed economies have trans­formed from being man­u­fac­turing based to a service-ori­ented market. 

With the advancement of tech­nology, labor pro­duc­tivity has tremen­dously increased, which lead to a bigger output of resources while less labor is required. This imbalance results in a very com­pet­itive market envi­ronment in which firms need to make use of the latest tech­no­logical pro­gress to stay com­pet­itive. Addi­tionally, as incomes con­tinue to rise, the demand becomes less mate­ri­al­istic, shifting to ser­vices such as health, edu­cation, and enter­tainment.

The issue in com­parison with the primary and sec­ondary sector is that these jobs majorly cannot majorly be replaced by machines, making it more expensive. This high­lights once again the impor­tance of IT, allowing indi­viduals to improve their pro­duc­tivity. The days in which IT was just con­sidered a tool are over and the impor­tance of business IT alignment is now put into the spot­light of nearly every oper­ating company. 



Jonathan Müll

Business Development Manager