Tools commonly used in the Computer Time Sharing Service industry for day-to-day tasks and operations.

• Virtualization software
• Cloud computing platforms
• Remote access tools
• Network monitoring software
• Security software
• Backup and recovery tools
• Load balancing software
• Database management systems
• Web servers
• Content delivery networks

Common products and services typical of NAICS Code 518210-05, illustrating the main business activities and contributions to the market.

• Cloud-based software providers
• Virtual desktop infrastructure providers
• Web hosting companies
• Managed service providers
• Data center operators
• Application service providers
• Infrastructure as a service providers
• Platform as a service providers
• Software as a service providers
• Network service providers

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

• SOC 2: SOC 2 is a report based on the Trust Services Criteria (TSC) that provides a framework for service organizations to demonstrate their ability to protect client data. It is issued by the American Institute of Certified Public Accountants (AICPA).
• ISO/IEC 27001: ISO/IEC 27001 is a globally recognized standard for information security management systems (ISMS). It is issued by the International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC).
• HIPAA Compliance: HIPAA (Health Insurance Portability and Accountability Act) compliance is required for companies that handle protected health information (PHI). It is issued by the U.S. Department of Health and Human Services (HHS).
• PCI DSS: PCI DSS (Payment Card Industry Data Security Standard) is a set of security standards designed to ensure that all companies that accept, process, store or transmit credit card information maintain a secure environment. It is issued by the Payment Card Industry Security Standards Council.
• SSAE 18: SSAE 18 (Statement on Standards for Attestation Engagements No. 18) is a set of auditing standards and guidance on how to conduct and report on examinations of controls at service organizations. It is issued by the American Institute of Certified Public Accountants (AICPA).

A concise historical narrative of NAICS Code 518210-05 covering global milestones and recent developments within the United States.

• The Computer Time Sharing Service industry has a long and rich history dating back to the 1960s when computers were first introduced. During this time, computer time-sharing services were used to allow multiple users to access a single computer simultaneously. This technology was revolutionary and allowed businesses to save money by sharing expensive computer resources. In the 1970s, the industry experienced significant growth as more businesses adopted computer technology. The introduction of personal computers in the 1980s led to a decline in the industry, but it has since rebounded due to the growth of cloud computing. In recent years, the industry has seen significant advancements in technology, including the use of artificial intelligence and machine learning to improve the efficiency of computer time-sharing services. In the United States, the Computer Time Sharing Service industry has a more recent history. The industry experienced significant growth in the 1990s due to the widespread adoption of the internet. During this time, businesses began to use computer time-sharing services to host their websites and store their data. In the early 2000s, the industry experienced a decline due to the dot-com bubble burst. However, the industry has since rebounded due to the growth of cloud computing. Today, the industry is thriving, and computer time-sharing services are used by businesses of all sizes to store their data and host their websites.

The anticipated future trajectory of the NAICS 518210-05 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Stable

  The future outlook for the Computer Time Sharing Service industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for cloud computing services. The COVID-19 pandemic has accelerated the adoption of cloud computing services as more businesses are shifting towards remote work. The industry is also expected to benefit from the increasing demand for big data analytics and artificial intelligence. However, the industry may face challenges such as data privacy concerns and cybersecurity threats. Overall, the industry is expected to grow at a steady pace in the coming years.

Recent groundbreaking advancements and milestones in the Computer Time Sharing Service industry, reflecting notable innovations that have reshaped its landscape.

• Cloud Computing: The adoption of cloud computing has revolutionized the Computer Time Sharing Service industry. Cloud computing allows businesses to access computing resources on-demand, which has reduced the need for on-premise infrastructure. This has resulted in cost savings and increased efficiency.
• Artificial Intelligence: The use of artificial intelligence has enabled Computer Time Sharing Service providers to offer more advanced services such as predictive analytics and natural language processing. This has resulted in improved customer experience and increased revenue.
• Big Data Analytics: The increasing amount of data generated by businesses has created a demand for big data analytics services. Computer Time Sharing Service providers are offering big data analytics services to help businesses make data-driven decisions.
• Internet Of Things (Iot): The increasing adoption of IoT devices has created a demand for IoT services. Computer Time Sharing Service providers are offering IoT services to help businesses manage and analyze IoT data.
• Edge Computing: The increasing demand for real-time data processing has created a demand for edge computing services. Computer Time Sharing Service providers are offering edge computing services to help businesses process data closer to the source, which has resulted in reduced latency and improved performance.