Descriptive Review on Business Models for IT Industry Dating Year 2022

While IT industry bloomed and evolved from time to time especially in year 2022 where Covid19 pandemic has begun recovering from its severe economic effects, there is a need to revisit all available business and revenue models to cope with such big changes. There were too many massive changes to almost all surviving organizations such as but not limited to capability of operating both in-office and at home, mass resignations for job change, and lower purchasing power. This paper descriptively reviews all current available and working business models alongside their products feasibility; marketing; and revenue and pricing strategies. The goal is to facilitate the reader to have a dataset for building or optimizing a new or existing business model. The descriptive reviewing nature keeps the evaluated models tested by existing implementations. This paper is best viewed in soft-copy due to its large size and the needs of zooming.