Many industry analysts recognize that companies need to understand the nature of technological change and evolution, to accurately forecast and take advantage of investment and market opportunities. The technology ecosystem model can play a significant role in enabling companies in understanding the nature of technological change and evolution. The technology ecosystem model is proposed for representing the dynamic nature of technological evolution. The model is designed, to help companies identify the significant relationships between the multiples technologies that potentially influence their operations and strategic decisions. The model also outlines the three specific roles that technologies can play within an ecosystem and the nine paths of influence that describe the types of interactions technology roles have within one another.