Franchise Spotlight: Tech Services
Franchising in Technology Services offers a robust business model in a fast-growing, competitive sector.
Technology services include technology support, software development, computer networking and system administration as well as technology and hardware training and education. In 2021 the market turnover for IT services is predicted to reach over $345billion (Statista), making this a lucrative sector within which to franchise.
There are a wealth of niche areas to consider for franchisees interested in the tech services - most of which will offer support with comprehensive training. If you are interested in sales and marketing, then franchises such as WSI Digital Marketing Services support businesses with their social media strategies, mobile marketing, search engine optimization, and digital design planning.
For franchisees with an interest in repairs and maintenance of technology devices, then franchises like CPR Cell Phone Repair or UBreakiFix (which offer consumers a range of device repairs) and Computer Troubleshooters (who focus on backup, recovery and security services) would be worth considering.
Tech Services Industry Analysis
The tech services sector is a highly competitive and fast changing world, with new advances in technology happening all the time. There is no doubt that this is an area where franchising under the brand and banner of a recognized name, as well as the support and expertise available, will be beneficial.
Tech services continue to grow at a rapid pace and look set to continue doing so. Indeed, during the 2020 health pandemic, the main concern for IT providers was whether the infrastructure would be able to support and sustain the increased number of people who were working from home.
Over recent years, mobile technology has become more complex and important in day-to-day life, which in turn has replaced the ‘throw away’ mentality with a desire to maintain and repair devices - leading to a market for those with these desired skills - but in turn, this means that franchisees need to prepare themselves for the constantly evolving nature of technology and be ready to learn and adapt, keeping up to date with changes in the industry.
With such a varied market for those interested in IT services, there is something to suit everyone so take time to research and consider where your skills will be best utilized.