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Software’s Speedy Growth

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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.

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