The Top Industries Located in Stamford

May 26, 2016 The TNS Group

Stamford is growing into one of the best locations in the Northeast for young professionals to find work based on the booming economic indicators across several industries.  We would like to take a look at 5 of the top industries in Stamford and provide some examples of the companies that exemplify their respective industry.

Insurance and Financial Services

It is no surprise that insurance and finance is on this list with Connecticut being the insurance capital of the United States.  Connecticut has more insurance jobs per capita than any other state in the country.  It continues to be the premiere destination for risk and wealth management professionals with nearly 200,000 individuals are employed in the insurance and finance sectors in Connecticut.

One of the biggest players in finance around the Stamford area is UBS, which has several thousand employees and at one point had the largest trading floor in the world.  UBS offers wealth management, asset management, and investment banking services for private, corporate and institutional clients.  They are considered one of the world’s largest managers of private wealth assets and are a premiere fixture in the skyline of the city of Stamford.

Healthcare

It is not shocking that healthcare also makes the list considering that it is one of the biggest industries in the country and is expected to grow well into the future.  As the expected lifespan of the population continues to increase, the demand for higher quality preventive and long term care will continue to increase.  Combined, this gives the healthcare industry a large growth opportunity in the near future.

One of the major players in the Stamford healthcare industry is Purdue Pharma, which is located in the heart of the city.  Purdue Pharma is committed to advancing the medical care of patients with quality pharmaceutical products.  They are true innovators in providing healthcare solutions.

Managed IT Services Providers

Stamford, Connecticut IT Services companies are prevalent and not all are defined as a Managed IT Service Provider (MSP).  An MSP is the equivalent of having a fully staffed, highly trained IT department on call – a department that proactively monitors, protects and manages your entire IT environment for one monthly cost.

If you are not outsourcing your IT needs to a Managed Services Provider, odds are that you are working on a “break/fix” IT model, where proactivity is non-existent and the waiting game to get things fixed begins.  If this is the case, you are probably experiencing unnecessary downtime, stress, and a loss of productivity, which can negatively affect your bottom line.

Connecticut IT Services companies that are MSP’s usually enter into a contractual agreement with their clients that clearly defines the performance and quality expectations that will be met during the term of the contract.  The large majority of Connecticut Managed IT Services companies in this industry, employ remote monitoring and management software and devices that allow them to keep tabs on all of their clients IT functions.  This allows the Managed IT Services Provider to remotely troubleshoot issues without having to physically go to their client’s location.

Small to medium sized businesses (SMBs) are the typical MSP client because they are normally not large enough to warrant their own IT department and/or they may have one IT person on staff.  Normally this staff person is inundated with emergency requests that need their immediate attention.  They are not allotted the time manage the environment in a proactive manner or plan for strategic growth from a technology standpoint.

Although most companies working with MSPs do not have their own IT personnel it is still a tactical move for larger companies with IT departments to partner with them to obtain support with the overall management of their environment.  One of the most successful Stamford, Connecticut IT Services companies is the TNS Group, which has been building partnerships with our clients to increase their profitability for over 20 years.  We have a large list of clients in the Connecticut and New York market in a number of verticals, including but not limited to; nonprofits, financial, shipping and healthcare.  Need some guidance on partnering with an MSP and how it will impact your business, contact The TNS Group today.

Manufacturing

Often considered the backbone of American economic growth, the manufacturing industry plays a major role in most cities across the nation and Stamford is no exception.  Stamford has a long history of being a manufacturing hub based on the early realization that the Northeast was not as suitable for agriculture development compared to other parts of the country.

Some of the bigger names in Stamford manufacturing includes Pitney Bowes, which specializes in office machines and systems and Hexcel Corporation. Hexcel is a leading advanced composites company that develops, manufactures and markets lightweight, high performance composites for use in Commercial Aerospace, Space and Defense, Wind Energy and Industrial Applications.  Another major manufacturing presences comes from General Electric which has an office in Fairfield, CT.

Media

The media and entertainment industry encapsulates a wide variety of companies that serve to provide products and services to the everyday consumer.  There are a number of segments within the industry such as television, advertising and traditional print media and all of these segments are represented in Stamford in one form or another.

One of the major players in the media industry, specifically television, is NBC Sports Group which is headquartered in Stamford, CT.  The NBC Sports Group brings the greatest moments of sports history into millions of homes across America every year. From Michael Phelps’ Olympic records, to the most complete golf coverage, to Sunday Night Football, primetime television’s No. 1 program, the NBC Sports Group leads the world with the very best in sports coverage.

The second major player is the WWE, a recognized leader in global entertainment, headquartered in Stamford.  The company consists of a portfolio of businesses that create and deliver original content 52 weeks a year to a global audience.  WWE programming reaches more than 650 million homes worldwide in 25 languages. The award-winning WWE Network is the first-ever 24/7 direct-to-consumer premium network that includes all 12 live pay-per-views, scheduled programming and a massive video-on-demand library, and is currently available in more than 180 countries.

By:  Shivan Mahajan, Finance, The TNS Group

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