Slow But Steady Growth Projected For U.S. Tech Sector

Forrester's index points to a rosy 2007 as overseas sales continue to drive a need for U.S. goods.

The U.S. tech sector is expected to grow slowly, but steadily, this year, driven by expanding overseas sales, a market research firm said Wednesday.

The projection is based on last year's trends, which are expected to continue in 2007, Forrester Research said. In the fourth quarter of 2006, the firm's U.S. Tech Sector Index rose two points from the third quarter and 5.6 points year to year to 128.8. That number reflected an increase in seven of the 11 indicators.

Web 2.0 Funding Doubled In 2006, But Few Rich Yet

Four-fifths of all Web 2.0 investment was focused on U.S. start-ups, with $682.7 million plowed into 126 firms.

May this be a sign of things to come.