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Technology SectorProduct Type: Market Research ReportPublished by: First Research, Inc. Published: September 2009 Product Code: R3470-3047 Description The technology sector in the US includes more than 140,000 companies with combined annual revenue of about $900 billion. Major companies include AT&T, IBM, Intel, and Microsoft. Industry concentration is high in many segments: the largest 50 participants often generate more than 60 percent of segment revenue. The technology sector includes telecommunications, IT services, semiconductor manufacturing, software, Internet services, biotechnology, and scientific research, including aerospace research. Related manufacturing industries covered in separate profiles include aerospace products and parts, computer hardware, pharmaceuticals, and telecommunications equipment. 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. The industry is capital-intensive: average annual revenue per worker is nearly $300,000. 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 aerospace rely heavily on computers. The key scientific discoveries and developments that underlie many of today's technology companies were made more than 50 years ago: the transistor, the laser, the computer, the integrated circuit, and the ... Table of Contents
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