The software and information technology services industry in the United States is widely regarded as the most advanced in the world. The country holds one-third of the global information technology market, valued at $5.3 trillion. This makes it the largest tech market in the world.

The industry also contributes significantly to the U.S. economy, accounting for $2 trillion of value-added GDP, more than 9.3 percent of the national economy. Additionally, the tech industry employs 12.2 million people in the United States.

There are over 585,000 software and IT services companies in the United States, with approximately 75,000 tech startups established in 2022. The tech industry encompasses a range of businesses, including software publishers, custom computer programming services, computer systems design firms, and facilities management companies.

The tech industry in the United States relies on a highly educated and skilled workforce, which includes 4,4 million professionals in software and web development. In 2022, the industry continued to expand, creating 264,500  new job opportunities and adding 8 million job postings for tech occupations.

The U.S. software industry has earned a reputation for producing reliable and effective solutions that quickly make their way to the marketplace. This has resulted in a mature and harmonized market that attracts the interest of international companies. The U.S. market is particularly appealing due to its strong intellectual property rights laws and enforcement.

Within the U.S. tech market, the tech services and software industries account for almost half of all spending. U.S. companies are at the forefront of the packaged and custom software markets globally and are competitive in nearly all other market segments. Additionally, U.S. companies have a stable overseas market share.

Industry sub-sectors

– Software Publishers

– Data Processing, Hosting, and Related Services

– Computer Systems Design and Related Services.