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Demand Analysis of It in Different Market Conditions

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Submitted By ppraveen
Words 1720
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Abstract This paper analyzes the demand of Information Technology during different market conditions. This paper discusses the role of IT and its significance in the current world. It also discusses various market conditions that prevailed over the last few decades and their impact on IT. This paper mainly focuses on the recent recession and how is IT impacted and transformed during these conditions. Having discussed the history of IT in different market situations, this paper throws a light on future conditions and growth in the field of IT.

DEMAND ANALYSIS OF IT IN DIFFERENT MARKET CONDITIONS
Introduction
Demand is an economic principle that tells us about consumers' want, readiness and their capability to pay a price for a specific good or service. It is a common belief that greater the demand, greater is the price of a good or service. But, what leads to the demand of a particular good/service is a complex analysis and is different for each good/service. Any business, before development or expansion, studies the demand for its product. This study of demand is a complex process. Based on this demand analysis report, a firm leadership would decide on extension or starting of the business. The demand analysis might help determine or justify a desire for expansion in a particular sector or just to assess the health of a particular sector. Even though the demand analysis procedure is performed differently based on the type of business or study, participants may still share some fundamental procedures based on market conditions. These core strategies might include assessing the target market, reviewing the current and emerging trends, and determining the current market share. A demand analysis should also include projecting future activity. Information Technology is "the study, design, development, application, implementation, support or

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