Technology Sector in the US: A Comprehensive Analysis

The US technology sector is a significant contributor to the country's economy, comprising over 140,000 companies with combined annual revenue of approximately $900 billion. Major players include AT&T, IBM, Intel, and Microsoft, with industry concentration being high in many segments. The sector encompasses telecommunications, IT services, semiconductor manufacturing, software, Internet services, biotechnology, and scientific research, including aerospace research.

Key Takeaways:

• The technology sector in the US includes more than 140,000 companies with combined annual revenue of about $900 billion.
• Major companies in the sector are AT&T, IBM, Intel, and Microsoft, with the largest 50 participants generating over 60 percent of segment revenue.
• Industry concentration is high in many segments, with large companies having advantages in access to capital and marketing.
• Small companies can compete successfully if they have expertise in a particular field of knowledge, but the industry is capital-intensive, with average annual revenue per worker being nearly $300,000.
• Companies in the technology sector rely on scientific discoveries to develop marketable products, with most distinct fields within the sector being based on computer technology.

Statistics:

• 140,000+ companies are part of the US technology sector.
• Combined annual revenue of the US technology sector is approximately $900 billion.
• Average annual revenue per worker in the industry is nearly $300,000.
• The largest 50 participants generate over 60 percent of segment revenue.
• The sector encompasses telecommunications, IT services, semiconductor manufacturing, software, Internet services, biotechnology, and scientific research, including aerospace research.

Sources:

• Research and Markets ("Technology Sector " report)
• First Research
• Comtex SmarTrend Alert (IBM @ $129.51 on 06-16-2010)
• M2 PressWIRE