Industries and Services world Wide

The industrial services providers are known as the tertiary sector of the industry. The primary sector of economy is the natural resources like agriculture, fishing, forests etc. Sunita Network Pvt Ltd : Usually raw material resources are regarded as primary sector and manufacturing industry is regarded as the secondary sector. The tertiary sector also keeps an important aspect in the crowd of primary and secondary sectors of the industry.

These ancillaries are much important for other big players of the market i.e. suppliers. These tertiary sector companies earn their revenue by assisting big companies and providing them their services. Lack of man force forces big companies to take their assistance.

These companies are involved in transport, retail,  food-services, distribution and in other service dominated business industries. They are known as tertiary sector of industry.

It is not possible for all companies to build every item within their organization so they look for Industrial Service provider companies, and every Industrial service provider looks for a place where he can get a lot of projects, recognition and revenue. Now days, online portals are becoming a great marketplace for Industrial service companies, because it is a place where they get all the details in a single click.

Industrial Service providers look for

1.      Big marketplace with bigger opportunities.

2.      Presence of big buyers.

3.      Availability of raw materials.

4.      Availability of Human resources.

What they Do?

Big manufacturers are not able to develop every small part of their final goods so they hire smaller companies to do that for them. These Industrial service providers are developing intangible products for their clients. Without them market can’t be imagined. They help in economical building of a nation. There are three main building blocks of an industry which are

1.      Natural R esources (Primary sector)

2.      Manufacturers (secondary sector)

3.      Industrial Service (tertiary sector)

They get big opportunities on Traderzplanet:

·         A competitive marketplace.

·         Presence of companies which are regarded as big buyers.

·         Resources of raw materials.

·         Availability of human resources.  

Nowadays product and service has been replaced by service-product continuum. Various product companies are being transformed into service industry as many products have already been transformed into services.

Let’s take an example of computer manufacturer IBM. It treats itself as a service industry and its business as service business but it still produces computers and electronics. It sees computer manufacturing as a small part of its big service and business solutions industry. It is found that price of business solutions is less than the hardware section and thus there has been a big shift from receiving single payment to receiving steady revenue for ongoing business projects and contracts.

So, it is clear that the service industry is one of the most essential part of the economy and a building block of the industry. Manufacturers are incomplete without getting their intangible support. 

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