The Dallas-Fort Worth region ranks 21st out of the top 25 tech markets in the United States, according to a report from Cushman & Wakefield.
“Dallas-Fort Worth has a rich history in technology, as the home to Texas Instruments, tech mogul Mark Cuban, and the original telecom corridor,” Robbie Baty, senior director in Cushman & Wakefield’s Dallas office, said. “In recent years, the sector has broadened to include a vibrant startup scene, as evidenced by the success of Dallas Startup Week, the Dallas Entrepreneur Center, and the many co-working operators that are expanding here.”
The top tech market is Silicon Valley, with San Francisco close behind, according to Cushman & Wakefield’s “Tech Cities 1.0” report. Cities were ranked based on tech talent, funding and growth opportunities.
“Basically every company today is a tech company in one way or another. We’re all using it, we’re using various aspects of tech companies to do various things,” Ken McCarthy, Cushman & Wakefield’s economist and research lead, said. “Whether it’s Salesforce as customer relationship management, or Workday for HR, and various other database programs, the old way of doing business just doesn’t work anymore.”
Quite a few tech firms have large operations in the region, such as Microsoft, Amazon, Intuit and Oracle.