Evolving Workforces
Global Tech Talent Guidebook 2024
Worldwide Demand for Tech Talent Opens Up New Markets
February 14, 2024 18 Minute Read
Looking for a PDF of this content?
About This Report
The Global Tech Talent Guidebook is a comprehensive analysis of labor supply, cost and quality that will help decision-makers meet critical business and innovation objectives, including corporate location and hiring strategy. The distribution of tech talent around the world is the result of several factors that have produced large clusters of tech workers in certain markets. These factors include labor market conditions, quality of life, demographics, educational attainment, capital funding and the availability and cost of real estate.
The Guidebook identifies 75 global markets as “powerhouse,” “established” or “emerging.” Powerhouse markets are major urban centers with large tech talent pools, mature tech ecosystems, stable regulatory environments, access to capital and the ability to attract tech entrepreneurs and talent from across the world. Established markets have similar characteristics but on a smaller scale, wielding more regional than global strength. Emerging markets are rapidly developing tech ecosystems that have some but not all of the key ingredients to become more established, including workforce skills and a concentration of homegrown tech companies.
This analysis also provides insight into how the size and depth of each market’s tech talent pool contributes to real estate demand.
Companies across the world are looking farther afield for more tech talent workers to deploy new, transformative technologies like artificial intelligence for operational efficiencies.
In some markets, demand for tech talent is beginning to outstrip supply, particularly for highly skilled workers in programming, hardware engineering and data analysis and management. In North America alone, tech talent encompasses 20 different occupations that drive innovation across all industry sectors.
The tech sector has traditionally been an accelerator of economic transformation, as businesses and consumers increasingly rely on new and improved tech products and services. It has become a larger part of the global economy and has driven innovation and collaboration across geographic boundaries.
Related Services
- Tech, Media & Telecommunications
Technology Practice Group
We provide proactive real estate solutions for technology companies at every stage of business growth.
- Industries
Tech, Communications & Entertainment
We provide proactive real estate solutions for technology, media and telecommunication companies at every stage.
- Services
Plan, Lease and Occupy
Drive value and growth with consulting and transaction services that align with your strategic goals.
- Consulting
Labor Analytics
Make better location decisions with a holistic approach that weighs factors like labor costs and availability, supply chain logistics, and incentives.
Related Insights
-
Viewpoint | Evolving Workforces
Global Tech Talent Guidebook 2024 – Asia Pacific View
April 18, 2024
CBRE’s Global Tech Talent Guidebook explores the global market for tech talent, including 18 cities in Asia Pacific, and how it is shaping real estate and location strategy decisions.
-
The Global Tech Talent Guidebook is a comprehensive resource covering 75 cities globally, with over 30 of them located in Europe. The guidebook provides insights into labour market characteristics and other factors that drive the distribution of tech skills across different geographies and is a vital source of information for decision-makers across a number of key areas, including corporate location and hiring strategy.
-
Securing top talent for highly specialized cybersecurity roles has become more challenging than ever.
-
Tech industry job growth has slowed but not stopped. What is the industry’s impact on office markets in the U.S. and Canada?
-
Recent tech company layoffs have created opportunities for other industries to hire much- needed tech talent.
-
Article | Evolving Workforces
Artificial Intelligence Tech Hubs: Asia Pacific Talent Spotlight
May 23, 2023
2023 has been marked with the advent of mass scale adoption of Artificial Intelligence (AI). 2022 saw a record amount of investment in generative AI start-ups, with equity topping
CBRE Consulting
CBRE Occupier Services
Rohini Saluja
Managing Director, Head of Consulting and Integrated Client Solutions, Asia Pacific
