Definition, Meaning & Synonyms

tech-boom

Noun

/tɛk bum/

Definition

A rapid increase in the development and use of technology, especially in relation to the growth of high-tech companies and innovations.

Examples

The tech-boom of the late 1990s led to the emergence of many internet startups.
During the tech-boom, venture capital flooded into Silicon Valley, fuelling innovation.
As a result of the recent tech-boom, numerous job opportunities have opened up in the software development sector.

Meaning

The term ‘tech-boom’ refers to a period characterized by a significant rise in the technology industry, marked by advancements in technology and substantial investment in tech companies.