USA Market Entry
USA: The Land of Opportunity
PSD Global has the depth and experience to fully meet your needs when it comes to business expansion and investment in the United States. Throughout the entire development process, PSD Global will provide unmatched consulting and expertise that will undoubtedly prepare you for the U.S. market.
Download our brochure on U.S.A Market Entry
In 2010, the CIA World Factbook estimated the United States’ GDP (purchasing power parity) to be US$ 14.66 trillion. With a 2.8% increase in GDP from 2009, the United States is the second largest economy of all nations. The United States’ market-oriented economy provides more freedom for businesses to expand their capital stock and develop new products than those in Western Europe and Japan. Expanding your company to the United States means you will join the United States on the forefront of technology advances such as computers, medical equipment, aerospace equipment, and military equipment.
The United States is a major player in the economy and shares trade relations with many countries across the world. The figures below show the shares of imports and exports from each country.
The United States is ranked number one for both the amount of foreign direct investment received and invested. At the end of 2010, the U.S. was estimated to have received US$ 2.6 trillion and invested US$ 3.6 trillion in foreign direct investment.
Highlight of the United States’ Sectors
Retailing: Retailing is often considered a staple of the American economy and for good reason. Home to such major retail firms such as Wal-Mart, Sears, Target, McDonald’s, etc, it is clear that this extremely diverse sector has helped shape the image of America that exists today. This industry has brought in tremendous amounts of revenue and according to the U.S. Census Bureau (2009) the total amount of sales was $4.13 trillion.
Renewable Energy: Although the United States may have a relatively small amount of renewable energy (11.14% of U.S electricity supply is renewable energy in for the first six months of 2011), the future looks bright for this sector. As it stands now, the United States leads the world in installed wind generation capacity and due to potential size of the energy market, the strong infrastructure and the prospective growth of relevant industries, the United States is often looked upon as the most attractive market for the rise of renewable energy. At the moment the leading renewable energy source is biomass (56%), then hydropower (36%), wind (5%), geothermal (5%), and lastly solar power (1%).
Construction Services: The construction sector in America is considered to be the backbone of the economy and essential towards providing a stable infrastructure. This includes construction of buildings, roads, airports, water development, power stations and many more. The United States boasts the largest construction sector in the world with a spending amount of $753.5 billion in 2011 and the sector is the seventh largest employer with approximately 7.2 million workers.
Insurance: Insurance is another quality and well known American sector. The US is first in the world with the most amounts of total insurance premiums. These premiums amount for $1.2 trillion, which to put in perspective is about 33.3% of the world market. This sector is a reliable industry and clearly a world leader.
Health Care Services: In the United States, health care services are a huge part of the economy and culture. According to Forbes.com, the U.S. health care market is the largest in world and is worth $1.2 trillion. The sector has numerous buildings and creates an extraordinary amount of jobs. For example, as of 2010 the health care industry consists of about 5,700 hospitals, 17,000 nursing homes, and thousands of medical and physician offices. It is predicted that health care accounts for 16% of the US GDP and, according to the US Labor of Statistics, employs approximately 14.3 million people.
Manufacturing: Manufacturing is arguably USA’s strongest sector and undoubtedly the nation leads the world in this regard. In 2010, USA posted a manufacturing industrial output of US$2.60 trillion, an industrial output greater than that of China, India and Brazil combined. The U.S. continues to show it manufacturing dominance as now it produced 21% of the world’s manufacturing output. The main manufacturing industries include petroleum, steel, automobiles, construction machinery, aerospace, agricultural machinery, telecommunications, chemicals, electronics, food processing, consumer goods, lumber, and mining.
Banking: The American banking industry is a very competitive industry that is strongly supported by the economy and closely supervised. The banking industry works within a diverse market and provides wholesale and retail financial services to all groups of the economy and market. It has been a backbone of the American economy for many years and many foreign firms are beginning to enter the American sector. Through the 1998- 2005 time period, foreign bank’s assets in the U.S. market grew by 77 percent.
Telecommunications: It is no secret that the telecommunications industry is rapidly growing and an extremely popular industry. It is also widely known that the United States is one of the premier leaders of this innovative sector. Furthermore, in the United States the wireless sector is the fastest growing segment of the telecommunications sector and fierce competition brews as newer and more advanced products are produced. Also, most of the leading high technology foreign manufacturers (including Ericsson, Nokia, Siemens, etc) invest in the US telecommunication sector because of the size, potential and competition the US market posses. The Bureau of Economic Analysis stated $10.5 billion in FDI was received in 2005 for the industry.
The Information and Communication Technology Sector
Information and communication technologies accounted for 4.2% of the roughly $14 trillion GDP in 2009.
PSD Global’s Areas of Expertise
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Our Services
We provide unparalleled services with respect to:
- Market Development
- Interim CXO management
- Sales and Business Development
- Competitive and Strategic Analysis
- Market, Product and Service Strategy
- Partner, Reseller and Integrator Alliance Management.
We also provide a key analysis of the critical factors as you company seeks to enter the Brazilian market. The analysis looks at market entry strategy, indentifies key global markets, evaluates the business environment, and much more. PSD Global understands that knowing and analyzing the past and present with key points of forecast of the future, sets a tone for steady growth in the right direction with risk reduction to the bare minimum in the United States’ markets.
Why PSD Global
PSD Global’s headquarters is located in Washington, DC and has offices located across the United States in Virginia, Miami, New York, Philadelphia, and Seattle. Our locations across the United States provide your company the insight needed to help you break into the market. Our team has years of international and local business experience. With PSD Global you receive unmatched services within business development, sales strategy, and competitive analysis.
We are not just focused on the generation of short-run revenue of your company. Working with PSD Global means your company has a dedicated team whose goal is to write a long-term success story.