Franchise Spotlight: Computer
In a digital world, franchising offers a robust business model in the fast-growing, competitive Computer sector.
We are living in a digital era, with computers and technology an integral part of everyday life and business. In 2020 the number of smartphone users in the United States was estimated to be over 270million, with over 85% of homes having access to the internet (Statista), making the computer industry a lucrative sector in which to franchise.
The computing sector covers everything from hardware repairs, testing and installation to internet provision and web development, as well as creating and managing custom-built IT systems for businesses. A franchisee might manage these installations and repairs themselves, or run a team of specialists in the industry.
For franchisees looking to take advantage of the social media generation, businesses such as Social Owl offer a turn-key marketing model. For those looking for a low-cost investment, franchising in Quick Mobile Repair requires no technical skills, but rather the ability to manage a team. Team Logic IT offers franchisees the chance to work in the growing IT solutions market, including cyber security and data recovery.
Computer Industry Analysis
The Computer sector is a highly competitive and fast changing market and those new to the industry can benefit greatly from the support and recognizable brand which a franchise can offer. Keeping on top of changes in technology and computer systems is timely and can prove expensive, so more businesses look to outsource this work - which is where the computer sector can offer a wealth of opportunities for franchisees.
With the IT services industry expected to generate over $340billion in 2021 (Statista) - a figure which only looks set to rise - the computing industry is an exciting one to enter. Whether you are an IT expert looking to grow your business, or someone who is interested in the sector and keen to manage a team of people, there is a franchise option available. Franchisees will need to be ready to keep up to date with changes in technology - another area where the ongoing support of an umbrella organization will be invaluable.