CompTIA Cyberstates 2017™ finds state ranks 14th in tech employment, 4th in innovation
Denver – Colorado’s technology industry employment grew by an estimated 3.5 percent in 2016, as employers added more than 6,700 new jobs, according to Cyberstates 2017™, the definitive annual analysis of the nation’s tech industry released today by CompTIA, the world’s leading technology association.
With an estimated 196,651 workers, Colorado ranks 14th among the 50 states in tech industry employment.
Technology occupations across all other industries in Colorado – the second component of the tech workforce – reached an estimated 167,400 in 2016.
The tech sector accounts for an estimated 11.5 percent ($36.2 billion) of the overall state economy.
The annualized average wage for a Colorado tech industry worker was an estimated $106,900 in 2016, 98 percent higher than the average state wage ($54,100). Colorado ranks 10th nationally in average tech industry wages.
"We're excited to see that the hard work from our community continues to pay off in attracting and growing the best tech talent in the country," said Andrea Young, President and CEO of the Colorado Technology Association. "As tech wages increase and the number of positions rise, CompTIA's research allows us to highlight that Colorado truly is the definitive tech hub between the coasts."
Other Key Findings
- Colorado ranks fourth among all states in the Cyberstates 2017 Innovation Score, which is based on an analysis of new tech patents, tech startups and new tech business establishments on a per capita basis.
- The state is home to an estimated 16,124 tech business establishments. About 9,200 of those business are in the greater Denver area.
- The tech industry employs an estimated 7.8 percent of the overall state workforce.
- Leading tech occupations include application software developers (24,810), computer user support specialists (13,840) and systems software developers (13,470).
- The strongest year-over-year job growth occurred in the categories of Internet services (+ 7.4 percent) and computer systems design and IT services (+ 6.9 percent).
- Employers posted an estimated 16,400 job openings for tech occupations in Q4 2016. About 10,400 of the job postings were in the Denver market.
“The Cyberstates data affirms the strength and vitality of Colorado’s tech industry, and attests to its essential standing in the economy,” said Todd Thibodeaux, president and CEO, CompTIA. “Technology enables innovation and generates growth for companies, regardless of their size, locale or markets served.”
Cyberstates 2017 is based on CompTIA’s analysis of data from the U.S. Bureau of Labor Statistics, the U.S. Bureau of Economic Analysis, EMSI, and other sources. Estimates for 2016 are subject to change as government data is revised and updated. The complete report with full national, state and metropolitan level data is available at http://www.cyberstates.org/.
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