According to the Bureau of Labour Statistics (BLS), tech roles will continue to be in demand and will see an increase of 13% from 2020 to 2030, despite record employment losses across all industries in 2020. In April 2022, firms throughout the country posted more than 443,000 job openings, according to the business organization CompTia. In 2022, employers published almost 1.6 million job openings, a 40% increase from the previous year. Software developers and engineers, information technology project managers, computer support professionals, systems engineers, and network engineers and architects are among the professions that are in high demand.
1. Shanghai
Shanghai is a city that specializes in patent creation, just like other Chinese cities. For certain businesses, this patent filing is crucial to safeguarding their intellectual property. As a result, more manufacturing businesses have established operations in this city to take advantage of this service while concentrating on R&D and manufacturing. Currently, more than a million people are employed by the enterprises in Shanghai’s “Silicon Valley.”
2. Toronto
Toronto is a popular destination for small and medium-sized businesses. This is a result of the government’s pro-immigration stance and business-friendly laws. Toronto has a highly robust and diversified culture that fosters corporate collaboration and motivates entrepreneurs to seek out experience and grow. Additionally, to support companies, the Economic Growth Division provides cutting-edge infrastructural facilities, including co-working spaces, incubators, hubs, and accelerator programs.
3. New York City
Before 2010, New York lagged behind Silicon Valley and Boston in terms of innovation and technology. It is now catching up and catching up quickly. It is not because of its infrastructure but rather because of its development as a major metropolis that provides access to a variety of qualified workers. According to the state’s administration, over 7000 high-tech businesses were functioning in the city in 2013. The city also offered LinkNYC, a free Wi-Fi service that was made available to the general public, including small companies.
4. San Francisco
The world’s most valued tech businesses are located in San Francisco. Every city has strived to reach Silicon Valley, the city’s golden sector. When you hear the word “tech,” it’s impossible to think of anything but Silicon Valley. This region, according to 2thinknow, is the most urbanized and serves as a hub for the majority of programmers. Smaller firms have relocated here as a result of the ingenuity and creativity that are valued here.
5. Mumbai
Investments in Mumbai, often regarded as India’s financial center, increased by 1.7 times between 2016 and 2020, from around $0.7 billion to $1.2 billion. Tech startups and enterprises have been drawn to this city by the government’s tech-friendly policies and the growing number of people who rely on technology. Additionally, small-scale startup enterprises looking to cut their operating expenses choose the accessibility of inexpensive labor.
6. Paris
Paris’s IT industry increased by 2.5 times between 2016 and 2020, from $1.3 billion to $3.3 billion. It is one of the world’s IT cities with the quickest growth rates as a result. The government’s initiatives were mostly to blame for its expansion. Startups and tech companies continue to pick this location above others since they find these activities to be extremely beneficial.
7. Berlin
Berlin is not just a stunning city that is on practically everyone’s trip wish list; it also ranks first in Europe for venture capital investment. Numerous automakers, which were once the pride of Europe, are located in the city. Thus, the majority of tech firms with a focus on the automotive sector have relocated their operations to this city.
8. Munich
From 2016 to 2020, Munich’s IT market increased by 2.7 times, from $0.3 billion to $0.7 billion. It became one of the IT economies with the quickest growth because of its strong innovation culture. The city boasts a diverse pool of local talent and extensive infrastructure facilities. The sector is well-supported by the curriculum at the regional institutions, which makes the city more appealing to tech companies.
9. Bengaluru
The top 20 IT cities in the world, according to the ranking, are all located in Bengaluru. Bengaluru, sometimes referred to as the Silicon Valley of India, has since 2016 become the world’s fastest-growing mature IT environment. From $1.3 billion in 2016 to $7.2 billion in 2020, investment has increased by 5.4 times. Additionally, the city was rated sixth globally for venture capital investments in the technology sector. Bengaluru has been successful in fostering an entrepreneurial and innovative culture, luring enterprises, and investing in the IT sector.
10. Silicon Valley
Silicon Valley, the foremost technological center in the world, is synonymous with invention. It now houses the headquarters of many of the biggest high-tech companies in the world, including more than thirty Fortune 1000 companies and thousands of exciting startups.
