London Leads the World For Tech Expertise
Capital homes extra IT programmers than New York, San Francisco and some other European Metropolis
London’s tech workforce set to develop 22% by 2025
London is residence to extra tech expertise than some other main metropolis in accordance with new figures from on-line developer group, Stack Overflow, and London & Companions, the Mayor’s official promotional firm for London.
Evaluation of Stack Overflow customers during the last 6 months exhibits that London is residence to greater than 71,000 skilled builders, larger than another European metropolis, the metropolitan space of San Francisco and New York City1.
Throughout Europe, London is attracting extra builders than Stockholm, Berlin and Dublin mixed and the closest competitor metropolis is Paris with 40,538 IT programmers.
Separate analysis by Oxford Economics, for London & Companions, discovered that the broader tech workforce within the metropolis is predicted to develop by 22% over the subsequent 10 years taking the variety of individuals employed in London’s tech sector to 239,700 by 2025. Employment progress in London’s tech sector is forecast to outperform the nationwide common, rising virtually 4 occasions quicker than all different sectors within the UK (complete employment progress throughout all sectors at 6.four%)2.
The variety of tech corporations in London can also be forecast to rise to 51,500 by 2025 in response to Oxford Economics. This represents a 92% improve within the variety of tech companies because the launch of the Tech Metropolis undertaking by Prime Minister David Cameron MP and Mayor of London, Boris Johnson MP 5 years in the past.
Mayor of London, Boris Johnson MP stated: “London is a hotbed for tech expertise. With Europe’s quickest rising tech hub and a number of the world’s main universities, London based mostly companies can profit from entry to an unparalleled expertise pool. 5 years on because the creation of the Tech Metropolis challenge, the capital’s booming tech sector has gone from strength-to-strength and continues to be a number one supply of jobs and progress for the London financial system.”
David Slater, Director of Worldwide Commerce & Funding stated: “This analysis underlines London’s standing as the most effective metropolis on the earth through which to develop a tech enterprise. A key cause why worldwide companies are interested in London is the focus of extremely expert staff, our capacity to draw the perfect expertise from around the globe and our burgeoning tradition of innovation and creativity. Prior to now few years we now have helped some the world’s quickest rising know-how corporations set up headquarters and engineering centres in London.”
Along with the rising variety of digital companies, tech staff are drawn to London for its aggressive salaries. In line with Stack Overflow’s 2015 Annual Consumer Survey, London’s builders are amongst one of the best paid in Europe, incomes a mean of £56,830 per yr. That is larger than another European nation and is greater than the Center East’s rising tech hub, Tel Aviv3.
Dimitar Stanimiroff, Managing Director Stack Overflow EMEA stated: “The insights into London’s developer panorama that we have now uncovered are fascinating. The UK’s capital metropolis is now a worldwide powerhouse for technologists, rivalling New York and San Francisco metropolis. For instance, London based mostly companies can profit from entry to 25 per cent extra builders and over 15 per cent extra cellular builders than New York Metropolis. London can also be forward of its European counterparts for the variety of back-end builders, cellular and Microsoft applied sciences.”
With regards to discovering the world’s Microsoft technologists, London is house to extra full stack Microsoft net builders than all the different tech cities studied, together with San Francisco. London has 30,062 builders specialising on this subject which is greater than the mixed complete of Tallinn, Barcelona, Dublin, Berlin, Budapest, Stockholm and Amsterdam.
The UK’s capital metropolis is properly positioned to service wants of companies specialising in Google’s Android cellular working system, and Apple’s iOS system. In accordance with Stack Overflow knowledge, there are 9,655 builders in London working with Android – Google’s cellular working system, and eight,732 who work on the Apple’s iOS working system. This represents extra cellular builders than all different European tech hubs.
Over the previous 5 years a number of the world’s largest know-how corporations reminiscent of Amazon, Google, Fb and Skype have all established developer and engineering hubs within the capital. At this yr’s London Know-how Week, Amazon introduced the completion of its transfer to London, with greater than 2,000 company staff taking over residency in three places throughout the capital. The three workplaces are 60 Holborn Viaduct which is the brand new Amazon UK company headquarters, Glasshouse Yard close to the Barbican and a know-how improvement centre at Leadenhall Courtroom, house to lots of of know-how engineers.
“Innovation is on the coronary heart of Amazon’s enterprise and our current transfer to the capital permits us to attract from a pool of expertise that features a number of the greatest minds within the know-how business,” stated Christopher North, Managing Director Amazon.co.uk. “In our London-based improvement centre, a whole lot of extremely expert software program engineers are answerable for creating the Amazon Video service for a worldwide viewers. London is a thriving hub for tech expertise, making it a really perfect vacation spot to proceed to broaden our operations.”
Russ Shaw, founder, Tech London Advocates, feedback: “London’s digital financial system has skilled extraordinary success in recent times, making it the quickest rising sector of the financial system. The spine of this progress comes from gifted, progressive and artistic people from all types of backgrounds with world-leading expertise. Progress begets progress, and London ought to proceed to be a ‘magnet’ for world-leading expertise, developed within the UK and welcome from all locations past the UK. London’s popularity as a worldwide tech hub must be outlined by the range and richness of its expertise.”