IT & Software
San Francisco is home to more than 300 IT firms—including many of the leading industry players. As of December 2016, the San Francisco metropolitan area supports a workforce of over 71,000 skilled IT professionals — an increase of 165% from December 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 Q4 2016, the internet sector received the highest percentage of Bay Area VC investment, followed by mobile and telecommunications; the two together accounted for around 65% of Bay Area VC investment. San Francisco also topped the CBRE Tech-Thirty report for the fifth straight year, and was ranked first among American cities for economic potential by fDi Magazine. 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