New Report Also Highlights Significant News and Events in Technology Across the Valley
PHOENIX - April 25, 2023 - PRLog -- The Arizona Technology Council released its Q4 2022 Arizona Technology Industry Impact Report today, highlighting new data across the state's booming technology industry. The first notable takeaway from the report is that technology job posts require a few in-demand hard skills (SQL, Java, Python, AWS), although some posts reflect a skills gap in the market (Azure, DevOps, AWS, APIs). Other key data points include the number of overall job posts dipping below pre-pandemic levels for the first time, and Arizona State University Campus Immersion dominating science and engineering degrees, growing 3.8 times between 2003 and 2021 to 6,100 annual degree completions.
"The Q4 report reflects another strong year in Arizona's technology industry in 2022 while also highlighting the areas in which Arizona can improve to have another explosive year in 2023," said Steven G. Zylstra, president and CEO of the Council and SciTech Institute. "What I found most interesting about this quarter's data is that software engineering disciplines continue to dominate the most in-demand skills as trending technology like artificial intelligence, machine learning and the Internet of Things are becoming so prevalent throughout every industry."
In addition to the highlights surrounding jobs, in-demand skills and ASU science and engineering degrees, the Council saw continual growth across key metrics, including:
- The technology jobs multiplier rose to 6.03%. This means that for every 100 jobs added to the technology industry, 603 new jobs are created in other industries.
- Over the past year, technology industry wages grew by 2.87% while total industry wages reached $25,400,183,228.
- Year-over-year growth for technology companies opening in or moving to Arizona was 8.17%, and there are now 14,493 technology companies in the state.
- Nearly 350,000 Arizona graduates are choosing to remain in state for their careers, with 233,689 local graduates working in Phoenix.
Headlines from the Q4 2022 Impact Report include the following stories:
Career News:
- Arizona Tech Investors announces new CEO
- Quarles & Brady law firm names new managing partner for Phoenix office
- Employer branding co. launches new diversity talks podcast series
- Girls Get IT event encourages local high school girls to pursue information technology careers
- ElectraMeccanica will relocate headquarters from Canada to Mesa
- Tucson-based Phantom Space wins satellite mission orders from NASA
- Education group launches solar technician course for Amazon employees
- ASU leads $25M project to develop climate and environmental laboratory
- Capital raise of $75M is milestone for construction of KOREPlex, the lithium-ion battery gigafactory
- Arizona allocates $100 million to boost semiconductor industry in state
Download or view the complete report on the Council's website here.
Contact
Alec Robertson
***@brodeur.com
Photos: (Click photo to enlarge)
Read Full Story - Arizona Technology Council's Q4 2022 Impact Report Reveals In-Demand Skills, a Decline in Overall Job Postings and ASU's Dominance in STEM Degrees | More news from this source
Press release distribution by PRLog
