IT & Software
- Over 6,706 IT companies—including most industry leaders—operate in the Bay Area and San Francisco.
- In Q3 2015, $505M was invested in the IT Services industry sector.
- In Q3 2015, IT and Software companies in San Francisco that received venture capital investment comprised 190 out of a total of 512 in the nation or 37%.
- San Francisco houses world-class research institutions, including Stanford, UC Berkeley and UCSF, offering abundant collaboration, recruitment and licensing opportunities.
- Bloomberg ranks San Francisco as one of the best cities for tech jobs.
- The Bay Area has the highest internet penetration in the USA with San Francisco among the world’s top 10 cities for high-speed connections. San Francisco is one of the world’s top 15 emerging “Internet of Things” cities.
- IT and software are major components to the knowledge sector of San Francisco’s economy having received over $3 billion from Venture Capital investments in the Bay Area.
- The Institute for Next Generation Internet was founded in 2005 at San Francisco State University. Among its goals is to develop commercial applications for high-speed fiber networks that could run up to 600 times faster than standard broadband.
- The Institute at SF State takes an open-access approach to technological progress—fostering broader international development.
- San Francisco has the largest share of high-tech exports in the US.
- In 2015, San Francisco topped the high-tech and software growth cities list. Its high-tech job growth rates increased 42.7% from 2012 to 2014.
- From 2014 to 2024, job growth for Computer and Information Technology is projected to increase 12%, and Computer & Information Research Scientists job growth is projected to increase 11%.
- San Francisco has the largest aggregation of research universities and federal research institutions in the US.
- Technology companies represent over 40% of the leases in four of the seven Bay Area markets.