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Fastest Growing Technology Companies

Deloitte produced their annual ranking of the fastest growing North American companies in the technology, media, telecommunications, life sciences, and energy tech sectors.  To determine what companies make the list of Fastest Growing Technology Companies, Deloitte uses fiscal year revenue growth from 2012 to 2015 as the key criteria to entrance and relative placement on the list.  To qualify for inclusion on the list, companies had to have minimum operating revenues of at least $5oK and current operating revenues of at least $5M. It should be noted that all of the companies that made the Fastest Growing Technology Companies list had growth rates for the specified period that were in excess of 100% and that the median growth rate was 290%.

Download the excel file of the 500 Fastest Growing Tech Companies >>

Fastest Growing Technology Companies – Regional Innovation Remains Strong

The geographical location of the Fastest Growing Technology Companies is pretty well spread across north america. There are the usual suspects (Bay Area, LA, NY and Massachusetts) but some remote areas like Canada (Quebec, Montreal, Toronto, Edmonton, Calgary, Ottawa) that made the cut.

Fastest Growing Technology Companies – Public vs Private

Approximately one-third of the companies on the list of Fastest Growing Technology Companies are public while two-thirds are private.  The majority of companies on the list had received venture backing at some point during their history.

  • 36% of companies are public
  • 64% of companies are private
  • 95% of companies have growth rates over 1000%
  • 68% of companies have received venture capital / private equity funding in their history
  • Eight of the top ten companies on the Technology Fast 500 received venture funding

Fastest Growing Technology Companies - Private vs PublicFastest Growing Technology Companies by Industry Segment

  • Software Companies: 58%
  • Biotechnology / Pharmaceutical Companies: 13%
  • Digital Content / Media / Entertainment Companies: 12%
  • Medical Device Companies: 5%
  • Communication / Networking Companies: 5%
  • Electronic Devices / Hardware Companies: 4%
  • Semiconductors: 2%
  • Energy Tech: 1%

Fastest Growing Technology Companies by Software SubSegment

  • 44% are SaaS companies
  • 24% are Enterprise Software companies
  • 10% are Security companies
  • 8% are Cloud Services companies
  • 5% are Data Analytics companies
  • 4% are Consumer Software companies
  • 2% are Mobile companies
  • 2% are Internet of Things (IoT) companies
  • 0.5% are Artificial Intelligence (AI) companies
  • 0.5% are Social Networking companies

Fastest Growing Technology Companies - Industry SegmentFastest Growing Technology Companies – 3 Yr Median % Growth by Industry

  • Digital Content / Media / Entertainment – 544%
  • Biotechnology / Pharmaceutical – 428%
  • Electronic Devices / Hardware – 290%
  • Software – 275%
  • Medical Devices – 255%
  • Energy Tech – 215%
  • Semiconductors – 209%
  • Communication / Networking – 199%

Fastest Growing Technology Companies – Headquartered in the US

In terms of where the Fastest Growing Technology Companies are headquartered, the bulk reside in Silicon Valley / Bay Area.  In fact, California is home base for 157 companies or just over 30% which is more than two and a half times larger than NY.

  • Silicon Valley / SF Bay Area: 102
  • New York: 59
  • LA / Orange County: 41
  • Massachusetts: 26
  • Virginia 19
  • Seattle: 19
  • New Jersey: 17
  • Florida: 14
  • San Diego: 14
  • Philadelphia: 12
  • Atlanta: 12
  • Chicago: 9
  • Austin: 8
  • Maryland: 8
  • Connecticut: 7
  • Oregon: 7
  • Denver: 7
  • Minnesota: 7
  • North Carolina: 6
  • Washington, D.C.: 5
  • Houston: 5
  • Salt Lake City: 5
  • Arizona: 4
  • Michigan: 4
  • Indianapolis: 3
  • Ohio: 3
  • South Carolina: 3
  • Delaware: 2
  • Dallas: 2
  • Iowa: 2
  • Pittsburgh: 2
  • Oklahoma: 1
  • New Mexico: 1
  • Idaho: 1
  • Wyoming: 1
  • Alabama: 1
  • New Hampshire: 1

Fastest Growing Technology Companies – Headquartered in the Canada

Almost 12% (59 companies) of the Fastest Growing Technology Companies are headquartered in Canada.

  • Toronto: 18
  • Vancouver: 15
  • Southwestern Ontario: 11
  • Montreal: 5
  • Calgary: 3
  • Ottawa: 3
  • Quebec: 2
  • Saskatoon: 1
  • Edmonton: 1

DOWNLOAD the excel file of Fastest Growing Tech Companies >>


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