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The name information technology has been used for the first time in 1958, in an article in Harvard Business Review and because time this sector has seen just creations through the history. Some problems that the business is facing will be the increase competition from the international and inshore gamers, that the slow growth of the hardware sales, the reduction in the IT spending worldwide etc.. But despite all the problems and challenges the business is facing, the opportunities are many. One of the most significant ones is the increased variety of the intelligent device users that's established as a very lucrative segment for the information technology segment. Trends in the industry and the business cycles Information technology business is a really innovative segment because of the fact that it must fulfill the rising client demand for technological difficulties and services. A very common trend in this industry at this time is your cloud computing. According to Gartner poll 19 percent of the organizations are using cloud computing for nearly all of their manufacturing computing. What's more, an intriguing feature of this industry is the integration of the wise devices. Nowadays almost everyone in the developed countries is using smart phones and tablets in order to access the internet due to the advances that are made in these devices. The big number of smart device user has a really strong effects in the information technology by shaping the structure of this industry so as to meet with the demand for software, hardware and applications that are connected with these devices. Problems and challenges вЂў High competition and adaption of the cloud Cloud computing market offers high profit margins that can attract many new players because the barriers to.