WaveLength Tech Jobs Index 2011 Review: Demand Peaked in March and Continued to Slide Throughout Year
Following a 2.5% 2009 decline and a 2.6% 2010 increase, the US economy continued to bump along in 2011. First quarter 2011 real gross domestic product (GDP) barely grew posting a .4% increase. Second and third quarter posted modest gains at 1.3% and 1.8%. Changes in tech job demand, as measured by the WaveLength Tech Jobs Index, followed these broader trends. Index values, both by city and tech job function, peaked in March 2011 and drifted down to Spring 2010 levels. As the chart indicates, tech jobs demand in all cities sharply...
read moreSeptember 2011 Tech Job Demand was Down, but Still Higher Than 2009′s Dark Days
As the USA once again sits at recession’s edge, the last months have brought more job losses and renewed angst over new tech job prospects. To understand where we are now, a day prior to the monthly BLS jobs number September announcement, it’s time to check the WaveLength Tech Jobs Index. Specifically, how is demand for specific job functions faring and how does this compare to the general labor market in the Bay Area? As the chart indicates, demand has sharply declined since the heady days of March 2011. As the economy slowly...
read moreTech Jobs Index for August 2011 Reveal Continuing Tech Labor Market Challenges
Since this Friday’s big story is certain to be the monthly BLS jobs report, it’s a good time for another look at the WaveLength Tech Jobs Index series. Throughout the Great Recession, demand for technology employees has outpaced labor demand in the general economy. However, as the chart below clearly shows, declines accelerated in most cities during the summer months. So year to date, the tech industry’s job epicenter of the Bay Area fell nearly 21% to post the largest decline. Boston fell 15% and even fast-growing Austin has been...
read moreCloud Computing Penetration into Enterprise IT Gaining Momentum
WaveLength/Winn Report Says Early Cloud Users and Planners Estimate 30% of IT will be Cloud-based by 2015 Today we release our new study, Five Key Themes in Enterprise Cloud Computing Migration. It discusses the changing Cloud market from a broad perspective and provides probably the first segmentation of what we call the Early Cloud Era. It introduces the three segments, Pioneers, Planners, and Stragglers and looks at the market through this lens. Specifically, it examines penetration of different service deployment models, drivers that...
read moreDemand for New Tech Jobs Takes a Breather
Time for another look at the WaveLength Tech Job Index. It’s been more than a year since we looked at any other tech city besides the Bay Area. In the past year, like the US economy as a whole, most tech cities continued to recover. However, as the chart below clearly shows, progress has been faster for some cities than for others, with nearly all cities taking a recent pause in the action. Austin’s tech job demand growth outstrips every other tech city included in the WaveLength Tech Job Index project. When Austin’s...
read moreMore than Half of US Large & Medium-sized Enterprises are, or Plan to Be, in the Cloud
According to our recent research, most medium and large enterprises are going to the Cloud. About 33% of the sample is a current user and additional 8% are piloting it. This group, known as Cloud Pioneers, is not composed of a group of just SaaS users, either. To be considered a Cloud user, an enterprise had to be testing or using a Cloud model other than SaaS. This included any kind of private or public cloud, be it Infrastructure-as-a-Service (IaaS) or Platform-as-a-Service (PaaS). Furthermore, they also had to actually have people...
read moreMeet the Cloud Pioneers… and a Note about Security Limiting Cloud Adoption
Meet the Pioneers, the group of enterprises leading the way with Cloud adoption. They are distinguished from their colleagues, Cloud Planners and Cloud Stragglers in many ways. In this post, we’ll keep it to security. As the figure below show, when Cloud Pioneers prepare for Cloud deployment, tops on the list is upgrading security and implementing encryption. For this reason, Pioneers are less concerned with security, as opposed to Stragglers, where security truly limits their adoption. As you can see from the table below (click it for...
read moreDemand in the Bay Area Tech Job Market Moderated in Q4 2010, but Accelerated in Q1 2011
Since our last report in October 2010, demand has held steady as measured by the overall index. In the last 6 months, the WaveLength Bay Area Composite gained about 8%, and about 2% since the beginning of 2011 to stand at 286. Demand for tech positions continues to surpass overall demand for jobs in the general economy. On average, technology job demand is about 24% higher. However, in recent months, the gap between tech jobs and all jobs in the Bay Area has started to narrow. As you may recall, we focus on 6 key job functions-...
read moreNow Available: Research Summary on Enterprise IT Buying in the Era Cloud Era
Wavelength Market Analytics recently partnered with Winn Technology Group to conduct a cloud computing research study. While many recent studies size the market, we wanted to help our vendor clients better understand to whom they need to sell. In our study, we sought to understand the differences between organizations that are currently adopting or planning some type of cloud computing solution from those that are not. Study characteristics: ▫ IT decision-makers to include IT VPs and directors ▫ Sample...
read moreAutumn Demand Growth in Bay Area Shows Tech Job Market Going Straight Up
It’s been awhile since the last report, so it’s time for an update on the Bay Area tech job market. According to the WaveLength Bay Area Tech Jobs Composite, the San Francisco/San Jose tech job market shows continuing improvement in demand. The WaveLength Bay Area Composite gained another 14.7% in October to surpass the 300 mark to now stand at 303.8. Since the beginning of 2010, overall demand for key technology job functions has grown 67% with much of that increase coming since fall 2010 hiring began. Demand for tech...
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