Latest news with #AnshumanMagazine
Hans India
3 days ago
- Business
- Hans India
Bengaluru among global tech powerhouses, says CBRE report
Bengaluru: Bengaluru, long celebrated as India's IT capital, has now earned a place among the world's top 12 technology powerhouses, according to a report by global real estate consulting firm CBRE. The report, titled Global Tech Talent Guidebook 2025, reveals that the city has surpassed 1 million tech professionals — making it one of the largest tech talent hubs in the Asia-Pacific region, alongside Beijing and Shanghai. The report evaluates 115 global markets based on the availability, quality, and cost of tech talent. These markets are categorized into three groups: Powerhouses (12 major hubs with deep and competitive talent pools), Established (63 mature markets with steady pipelines), and Emerging (40 growth-focused markets with development potential). Bengaluru has been ranked among the elite 'Powerhouse' category, joining the likes of Beijing, Boston, London, New York Metro, Paris, San Francisco Bay Area, Seattle, Shanghai, Singapore, Tokyo, and Toronto. CBRE highlights Bengaluru's vast and growing tech workforce as a key factor for its global recognition. With over 1 million tech professionals, the city has become a leading destination for innovation, digital transformation, and artificial intelligence. 'Bengaluru's emergence as a global tech superpower reflects India's strategic depth in digital innovation, AI readiness, and talent capability,' said Anshuman Magazine, Chairman and CEO of CBRE for India, Southeast Asia, West Asia, and Africa. He further added that other Indian cities like Delhi-NCR, Mumbai, Ahmedabad, and Jaipur are also witnessing positive trends. These cities are contributing uniquely to India's diverse and resilient tech ecosystem — a strong indicator of the maturing Indian market. The report also notes that Bengaluru has the highest number of professionals specializing in artificial intelligence (AI) in India — putting it on par with established U.S. tech clusters like San Francisco and New York.
Time of India
7 days ago
- Business
- Time of India
Bengaluru joins elite global tech powerhouses with workforce surpassing 1 million: CBRE report
Bengaluru has established itself among the world's top technology hubs, crossing the milestone of a 1 million-strong tech workforce, according to a new report by real estate consultancy CBRE. The 'Global Tech Talent Guidebook 2025' evaluates 115 markets worldwide based on availability, quality, and cost of tech talent, categorizing them into Powerhouse, Established, and Emerging markets. The report identifies Bengaluru as one of the 12 global "Powerhouse" tech markets, placing it alongside global giants such as Beijing, Boston, London, New York Metro, Paris, San Francisco Bay Area, Seattle, Shanghai, Singapore, Tokyo, and Toronto. 'Bengaluru is the largest tech talent market in the Asia-Pacific region, along with Beijing and Shanghai, with its tech workforce exceeding 1 million (10 lakh),' the report stated, highlighting the city's vital role in the global innovation landscape, quoted PTI. Anshuman Magazine, Chairman & CEO - India, South-East Asia, Middle East & Africa, CBRE, commented, 'Bengaluru's emergence as a global tech powerhouse reflects India's strategic depth in digital innovation, AI, and talent readiness.' He further noted the growing prominence of other Indian cities, saying, 'What's even more promising is the parallel growth story unfolding in cities like Delhi-NCR, Mumbai, Ahmedabad, and Jaipur, each contributing uniquely to India's diversified and resilient tech ecosystem.' The report underlines Bengaluru's leadership in AI talent development, with the city housing the largest concentration of AI professionals in India—on par with leading U.S. tech clusters such as San Francisco and New York. Demographically, Bengaluru ranks fourth among the 12 powerhouses in working-age population, with 75.5% of its residents in this group, and has witnessed a 2.4% increase in working-age population between 2019 and 2024. Bengaluru's startup environment, supported by 28 unicorns, benefits from conducive regulations and strong institutional backing. CBRE attributes much of the city's success to top educational institutions and Global Capability Centres (GCCs) that fuel a steady pipeline of skilled professionals in AI, data science, engineering, and product development. These factors have driven a 12% rise in tech employment between 2018 and 2023, aligning with global trends, the report said. This solid foundation has also attracted significant venture capital funding, with Bengaluru securing 140 VC deals worth $3.3 billion in 2024 alone, including 34 focused on AI. Comparatively, Delhi-NCR closed 183 deals worth $1.9 billion, with 42 in AI, bolstered by 15 unicorns and 16 IPOs. Mumbai followed closely with 167 deals totaling $4.9 billion, including 26 in AI, supported by 7 unicorns and 47 IPOs. 'The distribution of tech talent around the world is the result of many factors that have increased demand for tech workers beyond large tech clusters and into smaller and specialised markets. These factors include labour market conditions, quality of life, demographics, educational attainment, capital funding and the availability and cost of real estate,' said Magazine. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
7 days ago
- Business
- Time of India
Bengaluru named Global Tech Powerhouse in CBRE's 2025 talent report
Bengaluru has been ranked among the top 12 global tech powerhouses in real estate consulting firm CBRE's Global Tech Talent Guidebook 2025, which analysed tech talent across 115 markets worldwide. Among others, the city joins the ranks of San Francisco, New York, London and Tokyo, with its workforce of more than a million, making it the largest tech talent hub in the Asia-Pacific region. The report evaluates cities on the basis of tech talent availability, quality and cost, categorising them as 'Powerhouse' (12 markets with large, deep and highly competitive talent pools), 'Established' (63 mature markets with consistent talent pipelines) or 'Emerging' (40 growth-focused markets with improving capabilities) markets. Bengaluru stood out not only for the size of its talent pool but also for its leadership in artificial intelligence (AI), boasting the highest number of AI professionals in India, comparable to major US clusters. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Join new Free to Play WWII MMO War Thunder War Thunder Play Now Undo Anshuman Magazine, chairman and chief executive of CBRE for India, South-East Asia, the Middle East, and Africa, said, 'The distribution of tech talent around the world is the result of many factors that have increased demand for tech workers beyond large tech clusters and into smaller and specialised markets. These factors include labour market conditions, quality of life, demographics, educational attainment, capital funding and the availability and cost of real estate.' Bengaluru's tech sector saw a 12% increase in employment between 2018 and 2023. Its 75.5% working-age population—fourth highest among 12 tech powerhouses—and robust startup ecosystem, backed by 28 unicorns and strong institutional support, have attracted significant venture capital (VC) funding. In 2024, the city closed 140 VC deals worth $3.3 billion, including 34 focused on AI. Live Events CBRE's report also points to Delhi-National Capital Region (NCR) and Mumbai as major contributors to India's tech economy. Delhi-NCR led in the number of deals (183), with $1.9 billion raised, while Mumbai saw fewer deals (167) but topped the funding chart at $4.9 billion. Both cities are home to multiple unicorns and companies that have launched initial public offerings, reflecting growing investor confidence. Beyond the metros, cities such as Ahmedabad and Jaipur are showing momentum. GIFT City in Ahmedabad is projected to host 550 companies and more than 20,000 jobs, while Jaipur is attracting startups and IT firms with its lower costs and strong educational base. 'What's even more promising is the parallel growth story unfolding in cities like Delhi-NCR, Mumbai, Ahmedabad and Jaipur—each contributing uniquely to India's diversified and resilient tech ecosystem,' said Magazine. 'This signals a maturing market that is not only creating value in established hubs but also unlocking potential across emerging corridors.'
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Business Standard
7 days ago
- Business
- Business Standard
Bengaluru among top 12 global tech hubs as AI talent hits 1 million
Bengaluru has been named one of the top 12 global tech 'powerhouse' cities in CBRE's Global Tech Talent Guidebook 2025, joining heavyweights like San Francisco, London, Beijing, and Tokyo. The city's tech talent pool has now surpassed one million, placing it among the world's leading technology hubs out of 115 markets surveyed. The report classifies markets as Powerhouse, Established, or Emerging based on talent size, competitiveness, and cost. Bengaluru leads in India's AI talent boom Bengaluru leads India in AI talent and is emerging as a serious competitor to US tech strongholds. Between 2018 and 2023, the city's tech employment grew by 12 per cent, driven by its robust startup ecosystem, 28 unicorns, and investments in AI, data science, and product engineering. Favourable demographics also play a role: 75.5 per cent of Bengaluru's population is of working age—the fourth-highest ratio among the top 12 hubs. This segment grew by 2.4 per cent between 2019 and 2024, ensuring a sustained talent pipeline. In 2024, Bengaluru attracted 140 venture capital (VC) deals worth $3.3 billion, including 34 deals in AI. The presence of leading educational institutions and Global Capability Centres (GCCs) has helped anchor strategic functions locally. Anshuman Magazine, chairman & CEO of CBRE India, South-East Asia, Middle East & Africa, said, 'Bengaluru's rise to global tech powerhouse status reflects India's strategic depth in digital innovation and talent readiness. What's even more promising is the parallel growth unfolding in cities like Delhi-NCR, Mumbai, Ahmedabad, and Jaipur—each contributing uniquely to India's resilient tech ecosystem.' Delhi-NCR and Mumbai stand out The report also highlights Delhi-NCR and Mumbai as key innovation hubs. In 2024, Delhi-NCR closed 183 VC deals worth $1.9 billion, including 42 in AI. Mumbai recorded $4.9 billion in funding across 167 deals, making it one of India's most capital-rich corridors. Emerging cities like Ahmedabad and Jaipur are also gaining traction. Ahmedabad's growth is supported by GIFT City, expected to host 550 firms and employ over 20,000 people. Jaipur, with its strong educational base and lower costs, is attracting startups and IT firms seeking operational efficiency. AI talent drives global corporate strategy Ada Choi, head of research - APAC at CBRE, noted, 'The size and depth of a city's tech talent pool are increasingly influencing corporate location strategies and real estate demand. As companies pursue transformative technologies like AI, they are casting a wider net globally. Bengaluru and other Indian cities are well-positioned to benefit from this shift.' The report added that labour and real estate remain the largest costs for non-manufacturing tech firms. India, US lead in global AI talent Globally, AI-focused tech investment reached $129 billion in 2024. The Asia-Pacific region is home to three of the world's largest tech talent pools: Beijing, Bengaluru, and Shanghai—each with more than one million workers. India and the US continue to lead in AI development talent. As companies expand their search for cost-effective and skilled workforces, Bengaluru is increasingly seen as a strategic tech destination—not just an outsourcing hub.
Hindustan Times
7 days ago
- Business
- Hindustan Times
Bengaluru's tech workforce crosses 1 million, ranks among top 12 global hubs
Bengaluru has cemented its position as one of the world's leading technology hubs, joining the ranks of cities like San Francisco, New York, and London, as per CBRE's newly released Global Tech Talent Guidebook 2025, news agency PTI report. According to the report, with a tech workforce that has now crossed the 1 million mark, the city stands out as the largest tech talent market in the Asia-Pacific region. (Also Read: Bengaluru Airport ramps up traffic surveillance with new CCTV network across junctions) The guidebook, which evaluates 115 global markets based on talent availability, quality, and cost, categorises cities into Powerhouse, Established, and Emerging tech markets. Bengaluru was named among the 12 Powerhouse markets, alongside Beijing, Boston, London, Paris, Singapore, Tokyo, and others, the report added. According to CBRE, Bengaluru is not just growing fast, it's setting benchmarks. The city leads India in AI-related talent and has been likened to top US clusters like the San Francisco Bay Area and New York for its deep pool of AI professionals. Anshuman Magazine, Chairman & CEO of CBRE for India, Southeast Asia, the Middle East, and Africa, credited the rise to India's growing expertise in digital innovation and its vast, ready talent pool. 'Bengaluru's emergence as a global tech powerhouse reflects India's strategic depth in digital innovation, AI, and talent readiness,' he said. The city also ranks fourth among global tech hubs for its share of working-age population (75.5 per cent), and saw a 2.4 per cent rise in this segment between 2019 and 2024, one of the highest globally. CBRE highlighted that Bengaluru's robust startup ecosystem, home to 28 unicorns, benefits from progressive business regulations and institutional backing. Leading universities and a high concentration of Global Capability Centres (GCCs) are fuelling a steady supply of tech talent skilled in data science, engineering, product development, and AI. Between 2018 and 2023, Bengaluru recorded a 12 per cent increase in tech employment, closely tracking global growth trends. Venture capital inflows have kept pace. In 2024, the city attracted 140 VC deals worth $3.3 billion—34 of them in AI. Other Indian cities are also making strides. Delhi-NCR logged 183 VC deals totalling $1.9 billion (42 in AI), while Mumbai followed with 167 deals worth $4.9 billion, including 26 in AI. Jaipur and Ahmedabad, too, are being recognised as part of India's diversifying tech ecosystem. As the global demand for tech talent expands beyond traditional clusters, CBRE attributes Bengaluru's sustained rise to favourable demographics, strong educational infrastructure, quality of life, and access to real estate and capital. With all these factors aligning, the city is poised to remain a central node in the global innovation network. (With PTI inputs) (Also Read: Bengaluru accounts for 73 of Karnataka's 80 active Covid-19 cases)
