Pittsburgh Technical Council

2016 State of the Industry Report

2016 State of the Industry Report

Article Published: June 28, 2016

SOI BigThis year’s State of the Industry Report compares three years of data for each of six main technology industry clusters ending in 2015, the latest year for which complete data was available. 

All technology industry clusters experienced positive growth in total annual payroll with information technology leading the way, gaining 14 percent over a three-year period. Software alone, as a component cluster of IT, contributed significantly to the payroll growth in this cluster with a gain of 25 percent over the same period.

Close behind was life sciences with a 12 percent increase in total annual payroll. The bioresearch component carried this industry cluster with a 14 percent gain in total annual payroll over the measured period. 

When including health services in the life sciences cluster, it is important to note that its total annual payroll is the largest in this report at more than $7 billion. It also has the highest number of employees at more than 105,000. 

Southwestern Pennsylvania counties in the Pittsburgh region tracked for this report include Allegheny, Armstrong, Beaver, Bedford, Butler, Cambria, Fayette, Greene, Indiana, Lawrence, Somerset, Washington and Westmoreland.

The Pittsburgh Technology Council keeps records of a complete list of currently used NAICS codes for each subcluster in this report.

HIGHLIGHTS:

The 9,969 technology establishments tallied in the year 2015 represent more than 13 percent of all companies in the 13-county region.

These firms employ 301,011 individuals and account for nearly 23.75 percent of the area’s overall workforce.

The $22 billion annual payroll of technology and related companies, including the health services subcluster, represents more than 34 percent of the region’s total wages.

Read the report here.

Sign In or Join Up