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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.
Hans India
6 days ago
- Business
- Hans India
Bengaluru among top 12 global tech powerhouses
New Delhi: Bengaluru has been ranked among the top 12 global tech powerhouses, alongside leading markets in the US, according to a report released on Tuesday. The report by real estate consulting firm CBRE stated that Bengaluru is the largest tech talent market in the Asia-Pacific region, along with Beijing and Shanghai, with its tech workforce exceeding 1 million. This makes the city a critical node in the global technology and innovation landscape. Bengaluru joins cities like Beijing, Boston, London, New York Metro, Paris, San Francisco Bay Area, Seattle, Shanghai, Singapore, Tokyo and Toronto. The report underscores Bengaluru's leadership in AI development talent, stating that it has the most AI-related professionals in India, placing it on par with established US clusters like San Francisco and New York. In terms of demographics, the Indian city ranks 4th among the 12 tech powerhouse markets in share of working-age population, with 75.5 per cent of its population falling in the working-age bracket. Moreover, the city recorded a 2.4 per cent growth in working-age population between 2019 and 2024, making it one of the fastest-growing globally in this segment. The city's startup ecosystem, supported by 28 unicorns, benefits from favourable business regulations and strong institutional support. A key driver of its growth is the presence of leading educational institutions and Global Capability Centres (GCCs), which contribute to a steady pipeline of skilled talent and anchor high-value functions in AI, data science, engineering, and product development. These factors have powered a 12 per cent increase in tech employment between 2018 and 2023, aligning with global growth trends. This robust foundation, backed by the growth of the tech industry, higher tech proliferation, long-term growth prospects and tech talent demand translated into significant VC funding inflows, the report states.
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Business Standard
7 days ago
- Business
- Business Standard
Explained: Bengaluru ranks with San Francisco, Tokyo as global AI hotspot
Bengaluru has been named among the top 12 global tech powerhouses in CBRE's newly released Global Tech Talent Guidebook 2025, cementing its status as a critical node in the global technology economy. With over 1 million tech professionals, the city now stands alongside San Francisco, New York, Tokyo, and London as one of the world's deepest and most competitive tech talent markets. CBRE, leading real estate consulting firm, released its latest report, 'Global Tech Talent Guidebook 2025', highlighting global tech talent dynamics across 115 markets. Through a comprehensive analysis, the report evaluates these markets based on the availability, quality, and cost of tech talent and classifies them into three categories: Powerhouse (12 markets with large, deep, and highly competitive talent pools), Established (63 mature markets with consistent talent pipelines), and Emerging (40 growth-focused markets with improving capabilities). The report identifies Bengaluru as among the top 12 global tech powerhouses, alongside leading markets including 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, noted the report. This makes the city a critical node in the global technology and innovation landscape. The report underscores Bengaluru's leadership in AI development talent, stating that it has the most AI-related professionals in India, placing it on par with established US clusters like San Francisco and New York. In terms of demographics, Bengaluru ranks 4th among the 12 tech powerhouse markets in share of working-age population, with 75.5% of its population falling in the working-age bracket. Moreover, the city recorded a 2.4% growth in working-age population between 2019 and 2024, making it one of the fastest-growing globally in this segment. "The city's startup ecosystem, supported by 28 unicorns, benefits from favourable business regulations and strong institutional support. A key driver of its growth is the presence of leading educational institutions and Global Capability Centres (GCCs), which contribute to a steady pipeline of skilled talent and anchor high-value functions in AI, data science, engineering, and product development. These factors have powered a 12% increase in tech employment between 2018 and 2023, aligning with global growth trends," added the report. In 2024, Bengaluru attracted 140 VC deals worth $3.3 billion, including 34 deals in AI, solidifying its status as a top global destination for AI innovation and investment. Beyond Bengaluru, the report highlights the rising momentum in other Indian cities including Ahmedabad and Jaipur. According to the report findings, Delhi-NCR closed 183 VC deals totalling $1.9 billion, including 42 in AI, and continues to foster innovation through its 15 unicorns and 16 IPOs. Mumbai followed with 167 deals worth $4.9 billion, including 26 in AI, backed by 7 unicorns and 47 IPOs, making it one of India's most capital-rich tech corridors. Meanwhile, Ahmedabad and Jaipur have emerged as high-potential, cost-effective tech markets. Ahmedabad's growth in software, IT services, and fintech is further bolstered by infrastructure projects like the 22 million-sq.-ft. Gujarat International Finance Tec-City (GIFT City) is set to house 550 companies and employ over 20,000 people. Jaipur, with its strong education base and favourable cost structure, is attracting a mix of startups and domestic IT services firms, especially those seeking an edge over pricier hubs like Delhi-NCR '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. Companies worldwide are looking farther afield for more tech talent to deploy new, transformative technologies like artificial intelligence for operational efficiencies. Our analysis also provides insight into how the size and depth of each market's tech talent pool contribute to real estate demand," said Ada Choi, Head of Research -APAC, CBRE. Key takeaways: Tech Employment Growth and Funding: Despite a hiring slowdown, tech industry employment growth and venture capital funding remain robust. Artificial intelligence (AI) is a key driver, accounting for a record $129 billion in funding in 2024. Asia-Pacific Dominates Tech Talent Markets: APAC leads in the size of tech talent markets, with Beijing, Bengaluru and Shanghai each boasting over one million tech workers. AI Development Talent Concentration: The U.S. and India are the primary hubs for AI development talent and demand, while the fastest growth in AI talent is occurring in the U.S., Poland and Germany. Labour and Real Estate are Top Expenses: Labour costs represent the largest expense for most non-manufacturing tech companies, followed by real estate. Factors Driving Emerging Markets: Growth is being propelled by improved education, lower operating costs and an attractive quality of life. Remote work has further boosted emerging market talent. Strong Long-Term Growth Outlook for Tech: Continued innovation is expected to fuel the next economic growth cycle, sustaining long-term demand for tech talent. India's tech strength spreads beyond bengaluru CBRE's report also highlights growing momentum in other Indian cities: Delhi-NCR: 183 VC deals totaling ₹15,830 crore (USD 1.9 billion), with 42 in AI, backed by 15 unicorns and 16 IPOs. Mumbai: 167 deals worth ₹40,900 crore (USD 4.9 billion), including 26 in AI, making it a top capital-rich tech corridor. Ahmedabad: Supported by infrastructure like GIFT City, expected to house 550 firms and employ 20,000 people. Jaipur: Leveraging its strong education base and lower costs to attract IT and startup activity.
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
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Business Standard
7 days ago
- Business
- Business Standard
Bengaluru tech workforce crosses 1 mn, ranks among top 12 global hubs: CBRE
CBRE said that the report underscored Bengaluru's leadership in AI development talent, stating that it has the most AI-related professionals in India Press Trust of India New Delhi Bengaluru is among the top 12 global technology hubs with a tech workforce in the IT city crossing the 1 million mark, according to CBRE. Real estate consultant CBRE has released a report, 'Global Tech Talent Guidebook 2025', which highlights global tech talent dynamics across 115 markets. The report evaluates these markets based on the availability, quality, and cost of tech talent and classifies them into three categories: Powerhouse (12 markets with large, deep, and highly competitive talent pools), Established (63 mature markets with consistent talent pipelines), and Emerging (40 growth-focused markets with improving capabilities). CBRE noted that the report identifies "Bengaluru as among the top 12 global tech powerhouses." Beijing, Boston, London, New York Metro, Paris, San Francisco Bay Area, Seattle, Shanghai, Singapore, Tokyo and Toronto are the other tech powerhouses. "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 consultant said. This makes Bengaluru city a critical node in the global technology and innovation landscape. Anshuman Magazine, Chairman & CEO - India, South-East Asia, Middle East & Africa, CBRE, said, "Bengaluru's emergence as a global tech powerhouse reflects India's strategic depth in digital innovation, AI, and talent readiness." "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," he added. Magazine said this signals a maturing market. "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," he said. CBRE said that the report underscored Bengaluru's leadership in AI development talent, stating that it has the most AI-related professionals in India, placing it on par with established US clusters like San Francisco and New York. In terms of demographics, Bengaluru ranked 4th among the 12 tech powerhouse markets in share of working-age population, with 75.5 per cent of its population falling in the working-age bracket. Moreover, the city recorded a 2.4 per cent growth in working-age population between 2019 and 2024, making it one of the fastest-growing globally in this segment. Bengaluru's startup ecosystem, supported by 28 unicorns, benefits from favourable business regulations and strong institutional support. "A key driver of its growth is the presence of leading educational institutions and Global Capability Centres (GCCs), which contribute to a steady pipeline of skilled talent and anchor high-value functions in AI, data science, engineering, and product development," CBRE said. These factors have powered a 12 per cent increase in tech employment between 2018 and 2023, aligning with global growth trends, the consultant said. The report said that this robust foundation, backed by the growth of the tech industry, higher tech proliferation, long-term growth prospects and tech talent demand, has translated into significant VC funding inflows. In 2024, Bengaluru attracted 140 VC deals worth $3.3 billion, including 34 deals in AI. According to the report findings, Delhi-NCR closed 183 VC deals totalling $1.9 billion, including 42 in AI, and continues to foster innovation through its 15 unicorns and 16 IPOs. Mumbai followed with 167 deals worth $4.9 billion, including 26 in AI, backed by 7 unicorns and 47 IPOs, the report said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
