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Hoover's Directories > Industry Overviews > Technology Sector

Technology Sector

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Industry Description

The technology sector in the US includes about 145,000 companies with combined annual revenue of more than $1 trillion. Major companies include AT&T, IBM, Intel, and Microsoft. Industry concentration is high in many segments: the largest 50 participants often generate more than 50 percent of segment revenue.

SIC: 2836, 3661, 3663, 3669, 3671, 3672, 3674, 3676, 3677, 3678, 3679, 4812, 4813, 4841, 4899, 5065, 7371, 7372, 7373, 7374, 7375, 7379
NAICS: 517, 518, 3344, 5112, 5415, 54171, 325414
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Industry Indicator

US corporate profits, an indicator of corporate investment in technology R&D, rose 7.0 percent in the fourth quarter of 2011 compared to the same period in 2010.
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Quarterly Industry Update

US Tech Growth Projected - Spending on technology products and services by US businesses and government agencies will jump 7.5 percent in 2012 and 8.3 percent in 2013, driven in...
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