In this blog post, we will discuss the top 5 industries in Dallas and how they contribute to the city’s and nation’s economy. Each industry has a unique story, and in this blog, we will explore the day-to-day operations of each industry and how having a managed service provider can benefit them.
Looking at the Top 5 Biggest Industries in Dallas, TX
The top industries in Dallas are Information Technology, followed by Finance and Insurance, Manufacturing, Real Estate, and finally Professional and Technical Services.
1) Information Technology
Information and technology is a major industry in Dallas, and has a long history.
It began with companies like Texas Instruments and EDS (now part of HP) setting up their headquarters in Dallas.
Today, it continues to thrive with major players and Fortune 500 companies such as AT&T and Verizon calling Dallas home. In terms of economic impact, the information technology sector contributes over $25 billion annually to the economy and is one of the largest employers in the city, as it provides jobs for over 112,000 people.
For their day-to-day operations, the IT industry involves highly skilled professionals who work with cutting edge technology to provide services such as network support and computer programming. In order to work in this industry, individuals typically need a combination of both technical education and experience.
Partnering with a managed service provider can benefit the IT industry by taking care of all their IT needs, from technology troubleshooting to solution and strategy development,so that companies can alleviate stress on their internal teams and focus on their core business operations instead. Managed service providers can also bring expertise and new technology solutions to the table, helping companies stay ahead of the competition.
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2) Finance and Insurance
Some of the biggest names in the financial services sector have a presence in the greater Dallas area, such as American Airlines Credit Union and Comerica Bank. It contributes over $26 billion annually to the economy and the industry employs over 87,000 people in Dallas alone.
As one of Dallas’ top industries, the day-to-day operations in finance and insurance involve managing and investing money, as well as providing financial protection for individuals and businesses. Professionals in this industry often have a background in finance or economics with additional certifications such as a CPA or CFA.
A managed service provider can assist the finance and insurance industry by providing secure network solutions to protect sensitive financial and customer data and through the integration of applications that assist user experience.
In addition, managed service providers can also help streamline and optimize business processes through innovative technology solutions and ensure compliance with regulatory standards.
Certainly a giant in Dallas’ economy, the manufacturing sector includes companies such as Toyota Motor North America and Frito-Lay, both calling Dallas home. This industry contributes over $10 billion annually to the economy and provides jobs for over 40,000 people.
The day-to-day operations in the manufacturing industry involve creating and producing goods, often using a combination of technology and the manual labor force. Professionals in this industry often have technical backgrounds or experience in production processes.
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Leveraging the expertise of a managed service provider can benefit the manufacturing industry by providing solutions for supply chain management, employee technical support, and inventory control. Managed service providers can also assist with implementing new technology to improve efficiency and productivity across all stages of the manufacturing process.
4) Real Estate
Real estate is also a major contributor to the Dallas economy, with companies such as CBRE Group Inc having a presence in Dallas. This diverse industry contributes over $8 billion annually to the economy and employs over 35,000 people.
Daily operations in the real estate industry involve buying, selling, and managing properties. Professionals in this industry often have a background in finance or business with additional education and training in real estate.
Using a managed service provider can benefit the real estate industry by providing secure network solutions to protect sensitive property and client information. In addition, managed service providers can also assist with implementing technology solutions for streamlining processes such as property management,database and application optimizations and integrations, multi-location break-fix, cabling and turn up/turn down services, and more.
5) Professional and Technical Services
A significant player in Dallas’ economy, with companies such as AT&T Solutions providing professional and business services such as consulting, research, design, marketing, accounting, and legal services. This industry contributes over $12 billion annually to the economy and employs nearly 50,000 people.
The day-to-day operations in the professional and technical services industry involve providing a range of specialized services to clients. Professionals in this industry often have advanced education and training in their respective fields, such as consulting, marketing, or accounting.
The experience of a managed service provider can benefit the professional and technical services industry by providing secure network solutions to protect proprietary data or sensitive client information. In addition, managed service providers can also assist with streamlining processes through innovative technology solutions and provide expertise in areas such as cloud computing, network infrastructure, data analysis,cybersecurity, and more.
Making Use of Managed IT Services for the Biggest Industries in Dallas
While there are many factors as to why the titanic industries have continued to thrive in Dallas, one undeniable reason for their success is that many of those businesses make liberal use of managed IT services to help them succeed through improved efficiencies, new technologies, reduced IT costs, and more.
At Buchanan Technologies, we pride ourselves on delivering managed services that are second to none. We offer flexible terms so you pay only for the services you need. We understand that building trust with our clients is of the utmost importance, which is why we go above and beyond to establish relationships built on mutual respect.
If you’d like to explore the MSP option for your business, schedule a free consultation with us today!