This year’s State of the Industry Report compares three years of data for each of six main technology industry clusters for three years ending 2021, the latest year for which complete data was available.

A region’s total annual payroll is the most significant measure of its wealth, and in southwestern Pennsylvania technology industry clusters examined herein account for 36 percent of the region’s total workforce payroll.

Most technology industry clusters experienced positive growth in total annual payroll, with the exception of manufacturing and energy. Information technology led the way, gaining 19 percent over a three-year period. This also propelled IT to post the highest percentage growth in average wage at 23 percent. The aggregate subclusters that make up life sciences had the second highest payroll growth at 11 percent. When considering health services as part of the life sciences cluster, it is important to note that its total annual payroll is the largest in this report at $8.2 billion. It also has the highest number of employees at more than 103,000.

Highlights:

The 11,258 technology establishments tallied in the year 2021 represent more than 15 percent of all companies in the 13-county region, an increase over the previous year.

These firms employ 295,168 individuals and account for more than 24 percent of the area’s overall workforce.

The $27.2 billion annual payroll of technology and related companies, including the health services subcluster, represents more than 36 percent of the region’s total wages.

Report Data/Insights

State of the Industry Overview: Read the key data here.

PWC's Building a Metaverse Strategy for Your Business: Read the report here.

Regional Insights: From outdoor recreation to travel to investment dollars, get all of the insights here.

Previous Reports:

• 2021
• 2020
• 2019
• 2018
• 2017
• 2016
• 2015

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