IT & Software
San Francisco, home to more than 300 IT firms—including many of the leading industry players. As of September 2016, the San Francisco metropolitan area supports a workforce of over 79,400 skilled IT professionals — an increase of 187% from August 2006. The area boasts the largest aggregation of research universities and federal research institutions in the nation, and its colleges and universities produce more Ph.D. scientists and engineers than any other metropolitan area in the U.S. The University of California, San Francisco (UCSF), Berkeley and Stanford University, among others, are key drivers of innovation, entrepreneurship and technology transfer. PhDs.org ranked Stanford and UC Berkeley in the top two spots in the country for computer science PhD programs.
A number of signs suggest that the Bay Area will remain a haven for IT and software innovation. Over 80% of San Francisco households have high-speed Internet access—higher than state and national averages. In Q3 2016, software and IT companies garnered greater venture capital firm investment than any other Bay Area industry, accounting for 43% of VC deals. San Francisco also topped the CBRE Tech-Thirty report for the fourth straight year, driven by a 43% jump in the high-tech job base, and claimed the number one spot among American cities in the 2016 Mercer Quality of Living Survey. The city’s superior livability, unique cultural landscape and network of leading technological research and educational institutions continue to attract the talented and educated workforce that drives successful IT businesses.
Source: Bureau of Labor Statistics