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Technology Sector

10 Pages First Research, Inc. October 07, 2013 SKU: FRRS5127213

Technology Sector

Brief Excerpt from Industry Overview Chapter:

The technology sector includes telecommunications, IT services, semiconductor manufacturing, software, data hosting services, biotechnology, and scientific research, including aerospace research. Major companies include AT&T, IBM, Intel, Microsoft, and Verizon (all based in the US), as well as Nippon Telegraph and Telephone (Japan), Samsung Group (South Korea), and Siemens (Germany).

Global technology exports total about $1.8 trillion annually, according to the World Bank. Leading exporters include China ($450 billion), Germany ($180 billion), the US ($145 billion), Japan ($125 billion), and Singapore ($125 billion).

The technology sector in the US includes about 145,000 companies with combined annual revenue of more than $1 trillion. Growth is driven by increased information security demands and adoption of new technology.

COMPETITIVE LANDSCAPE

Demand often depends on the income of consumers or the profitability of business customers, because many technology products and services are expensive. The profitability of individual companies is driven by their ability to develop and market new products. Large companies often have advantages in access to capital and marketing. Small companies can compete successfully if they have expertise in a particular field of knowledge. Industry concentration in the US is high in many segments: the largest 50 participants often generate more than 50 percent of segment revenue.

PRODUCTS, OPERATIONS & TECHNOLOGY

Companies in the technology sector take advantage of scientific discoveries and turn them into marketable products. Of the several distinct fields within the technology sector, most are based on computer technology. Even biotech and...

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Technology Sector

First Research, Inc.
October 07, 2013

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