Deloitte's 2024 North America Technology Fast 500 Winners
Overview
Key Takeaway: Deloitte announced the winners of its 2024 Technology Fast 500 program, highlighting the fastest-growing technology companies in North America. TG Therapeutics took the top spot with a staggering 153,625% growth rate.
Background: The Deloitte Technology Fast 500 is an annual ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America. Companies are selected based on percentage fiscal year revenue growth from 2020 to 2023.
Purpose: The program aims to recognize and celebrate the most innovative and rapidly expanding companies in the technology sector.
Top Performers and Industry Trends
TG Therapeutics, a biopharmaceutical company, led the rankings with an extraordinary growth rate. Other top performers included Vytalize Health, Lessen, Zero Hash, and Deel.
Software and services companies continued their dominance, representing the majority of winners for the 29th consecutive year. Fintech and life sciences also showed strong representation.
Notably, a record number of private companies made the list this year.
Regional Breakdown
California's Bay Area and the Tri-State Area led the regional rankings, housing a significant portion of the winning companies.
Software and services companies were the dominant sector in all major markets.
Significance and Impact
The Fast 500 program provides valuable recognition for winning companies, enhancing their credibility, attracting investors and talent, and boosting brand authority.
The program highlights key industry trends and celebrates the innovation driving growth in the technology sector.
Summary
Main Point: The 2024 Technology Fast 500 showcases the remarkable growth and innovation within the North American technology sector, with TG Therapeutics leading the charge.
Significance: The program recognizes the achievements of these companies and their contributions to the industry's advancement.
Next Steps: Deloitte will likely continue the program in future years, tracking the evolving landscape of the technology sector and celebrating its continued growth.