FinancialBuzz.com’s latest Buzz on the Street Show: Featuring Our Corporate News Recap on “Nerds on Site Provides CEO Update to Shareholders”.
Nerds on Site Inc. (CSE: NERD) (OTC: NOSUF) a mobile IT solutions company servicing the SME marketplace had provided shareholders with an update from CEO Charles Regan.
Nerds on Site, a company founded in 1995, specializes in providing cost effective, leading edge solutions to Small and Medium sized Enterprise (SME), serving as the complete SME IT solution specialists. Nerds on Site was established in London, Ontario with current annual revenues of approximately $10,000,000. The company services over 12,000 clients per year with a superb 96.5% customer satisfaction rating.
The technology industry has rapidly become a massive market during the twenty-first century. The voracious development of the industry has led to the emergence of many new innovative sectors. Today, many of these technology companies are built to offer services, which are more commonly known as information technology services. The IT services market itself is vastly diverse, allowing consumers to choose from endless options of technologies such as data analysis, information security, APIs, data processing, mobile services, software, and Internet of Things, amongst others. The IT industry is also among one of the largest marketplaces worldwide since its services are used by many different sectors around the globe. IT services are also integrated into services areas around the world such as enterprise, financial, government, healthcare, medical, and many others. The U.S. is currently the biggest IT service market, as it accounted for 36% of the global share in 2016 as many U.S.-based technology companies provide their services abroad to multiple countries. However, the Asia Pacific region is expected to be one of the fastest growing regions within the marketplace in the coming years. And according to data compiled by Analytical Research Cognizance, the global IT services market was valued at USD 1.01 Trillion in 2018, now, the market is projected to reach USD 1.15 Trillion by the end of 2024. Furthermore, the market is projected to exhibit a steady CAGR of 2.6% from 2019 to 2024.
While the IT services market has already grown immensely, the market is continuously expanding as innovation creates competition between companies. Businesses are developing and advancing their technology in order to provide optimal and top-of-the-line services to consumers. As businesses offer their consumers these more advanced in-demand services, they are also working towards reducing costs at the same time. However, the industry is heavily impacted by the lack of employment. According to ZipJob, some of the most in-demand jobs for 2019 are within the IT services like information security analysts, software engineers, web developers, and technical support. On the brighter side, the job outlook for many of these fields is expected to grow faster than average growth by 2026, according to the U.S. Bureau of Labor Statistics. And a mix of tech and business skills will be required for nearly every position, according to CompTIA Chief Technology Evangelist James Stanger, via ZDNet. “People have been talking for a long time about digital transformation of business,” Stanger said. “We’re going to see a lot of defined job roles either being radically redefined, or even just go away. I think an IT skillset will remain valuable, but it has to be in regards to business. Too long, those things have been kept in siloes.”
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