Section 04: Tech Industry Metrics
Employment Concentration
In the first State of the Technology Sector report in 2013, the tech industry accounted for 5.5% of North Carolina’s employment
The value for 2024 was 6.7%. This increase in share has moved the state’s concentration ratio up from 0.87 to 1.00—now even with the national average. The state remained ranked as having the #17 most concentrated tech industry in this year’s report.
Tech Industry Employment Concentration, 2024
IT Industry Employment Concentration, 2024
the IT subcategory was compared with those of other states
This group of industries represents the high-tech core, including hardware manufacturing, internet services, data storage, telecommunications, and software companies. In 2024, North Carolina’s IT subcategory was three percent more concentrated than the national average. The state has consistently moved up the rankings for this metric and now ranks #13.