I have an experience in the I.T field for the last 3+ years and have worked with the most advanced and cutting-edge technologies there are to develop software applications for various industry segments (Banking, Stock Exchange, and Search Engine Technology). Harnessing this crucial experience, I chose to look at the I.T Consulting sector as a lot of my previous experience will help me understand this sector from a more in-depth and unique perspective.

This sector is relevant to my long term career goals as I want to be part of the I.T Consulting industry because I find it fascinating that
a.    As an I.T engineer, one has the capability to create amazing masterpieces using just a bit of logic and a lot of creativity.
b.    As an I.T Consultant, one will be able to shape the way in which an engineer thinks into a more efficient form and give rise to a perfect synchronicity between innovation and implementation.

Some of the trends that I have a personal connection to in this sector are:
a.    Increase in the  value of analytical software
b.    Producing for the free market
c.    Expansion of e-segments

There is one major player who has the most market share among all the other industries i.e. IBM (International Business Machines) who count for 5.9% of the market. Even though their estimated revenue growth in the past 5 years are only up by 0.2% to $20.0 billion, their operating income has an annual growth rate of 9.9% and is expected to grow by 2.0% in the coming years.

Overall, all the industries in this sector have high hopes higher revenues in the coming few years due to the strong innovations being delivered in the coming years.

Fig 1.1: Market Share in the IT-Consulting Industry

Based on the above data, we can see that even though HP does not have a firm enough grasp in the market share, it matters how we use the existing share we have and maximize our profits with what we have.

In the near future, I can see myself being part of this amazing industry segment based on my past experiences which have already molded me into a tech-savvy professional who has had his share of work in both the in-depth technology discussions as well as has a firm grasp of the overview of an implementation framework and how to perform if most effectively and efficiently.

After my MBA, I should have knowledge to utilize my experience in the global market such that I can partake in the emerging I.T trends such as e-segmentation of existing markets by streamlining the existing strategies that create and maintain existing products as well as make alliances with the FOSS (Free and Open-source Software) industries such as Apache Software Foundation where we could give back to the community as well as make a better reputation for ourselves (especially important for start-up industries).

Sources:

Marceux, P (2013, July 10) Top 5 Business IT trends in 2020. Retrieved September 8, 2013, from www.euromonitor.com

Edwards, J (2013, August) IT Consulting in the US. Retrieved September 7, 2013, from www.ibisworld.com