Observation, thoughts, and information.

Software’s Speedy Growth


Earlier this week, we wrote about the the average growth rate for those companies ranked on this year’s Deloitte’s 2014 Technology Fast 500 list.  Now we’ll take a look at companies in which industries are seeing the fastest growth.

Deloitte500_industry_1No surprise, the industry seeing the fastest growth is software. Compared to other industries like medical devices and biotech, a company in the software business can start and scale pretty quickly, with much less operational/overhead capital needed.  This industry growth hasn’t changed much since last year, with the software industry also ranking as the top industry in 2013.