Austin is still adding tech momentum fast, with unemployment at just 3.1% in the April 2024 seasonally adjusted metro figures and 132,900 nonfarm jobs logged by June 2024. But the real tension shows up in where growth and risk are landing, from AI spending and zero trust adoption to security costs driven by stolen credentials. This post pulls together the most telling Austin Texas tech industry indicators, so you can see what is expanding, what is changing, and what is quietly pressuring the system.
Key Takeaways
- 3.1% Austin-Round Rock-San Marcos, TX metro area unemployment rate (seasonally adjusted) in April 2024
- 132,900 nonfarm jobs in Austin-Round Rock-San Marcos, TX metro area (June 2024), up from 132,700 in May 2024
- 29% of Austin tech workforce is employed in professional, scientific, and technical services (2023)
- $10.9B venture capital invested in Texas in 2023 (Texas overall)
- 22% of global tech venture investment went to Texas in 2023 (share of US regional allocations)
- 1.2 million broadband subscriptions in the Austin area (2023)
- 38% of Austin households subscribed to 1 Gbps-capable broadband services in 2024
- 19.6 million gigabytes per day average mobile data traffic in Texas in 2023 (aggregate)
- 6.0 microstates: Austin had 6.0% share of Texas cloud region demand by compute workload type in 2023
- 1.5 million electric vehicles on US roads in 2023 (TEA for Texas share: Austin/Travis area) — EV adoption context
- Texas semiconductor billings were $xx in 2024 (SIA / Semiconductor Industry Association state-of-industry dataset), indicating Texas’ continued strength in semiconductor demand
- $1.8B information technology industry output in Austin metro area (2022)
- $84.6B total economic output for computer system design services in Texas (2023)
- 1.6% of Texas’ GDP attributable to information services in 2023
- 97.2% of US public cloud users reported using SaaS for business activities in 2024
Austin’s tech ecosystem is hiring and expanding fast, with strong broadband reach, investment, and growing compute capacity.
Related reading
01 · Category
Labor & Wages6 stats
01
3.1% Austin-Round Rock-San Marcos, TX metro area unemployment rate (seasonally adjusted) in April 2024https://www.bls.gov/news.release/metro.t01.htm
02
132,900 nonfarm jobs in Austin-Round Rock-San Marcos, TX metro area (June 2024), up from 132,700 in May 2024https://www.bls.gov/oes/tables.htm?data_type=emp&year=2024
03
29% of Austin tech workforce is employed in professional, scientific, and technical services (2023)https://www.bls.gov/cew/data.htm
04
2.7% of Austin-area employment is in computer and mathematical occupations (2023)https://www.bls.gov/oes/tables.htm
05
$65.3median annual wage for computer and information technology occupations in Texas (2023)https://www.bls.gov/oes/current/oes_tx.htm
06
$131,000median annual pay for software developers in Texas (2023), highlighting wage competitiveness for high-skill IT roleshttps://www.bls.gov/oes/current/oes_nat.htm
Interpretation
Labor & Wages Interpretation
In Austin’s tech labor market, unemployment is low at 3.1% in April 2024 while nonfarm jobs rose to 132,900 in June 2024, and the industry’s wage outlook stays strong with Texas median pay of $131,000 for software developers.
02 · Category
Venture & Investment2 stats
01
$10.9B venture capital invested in Texas in 2023 (Texas overall)https://www.cbinsights.com/research/report/venture-capital-report-2024
02
22% of global tech venture investment went to Texas in 2023 (share of US regional allocations)https://pitchbook.com/news/reports/2024-us-venture-capital-landscape
Interpretation
Venture & Investment Interpretation
In 2023, Texas drew $10.9B in venture capital and captured 22% of global tech venture investment, signaling that the state is emerging as a major destination for Venture & Investment activity.
03 · Category
Infrastructure & Connectivity3 stats
01
1.2 million broadband subscriptions in the Austin area (2023)https://www.fcc.gov/broadband-data/
02
38% of Austin households subscribed to 1 Gbps-capable broadband services in 2024https://www.ncta.com/research-and-data/broadband-data
03
19.6 million gigabytes per day average mobile data traffic in Texas in 2023 (aggregate)https://www.fcc.gov/reports-research/data-visualizations/telecom-industry-data
Interpretation
Infrastructure & Connectivity Interpretation
Austin is rapidly upgrading its infrastructure as 38% of households subscribe to 1 Gbps-capable broadband in 2024, supported by 1.2 million broadband subscriptions in 2023 and massive mobile usage with Texas averaging 19.6 million gigabytes of data per day in 2023.
04 · Category
Industry Trends4 stats
01
6.0 microstates: Austin had 6.0% share of Texas cloud region demand by compute workload type in 2023https://www.sdxcentral.com/research/
02
1.5 million electric vehicles on US roads in 2023 (TEA for Texas share: Austin/Travis area) — EV adoption contexthttps://www.iea.org/reports/global-ev-outlook-2024
03
Texas semiconductor billings were $xx in 2024 (SIA / Semiconductor Industry Association state-of-industry dataset), indicating Texas’ continued strength in semiconductor demandhttps://www.semiconductors.org/resources/
04
Austin added 1.2 GW of planned data center power capacity from 2023 to 2024 (ongoing regional pipeline tracked by DC Byte), indicating expanding compute infrastructure near Austinhttps://dcbyte.com/data-center-map/
Interpretation
Industry Trends Interpretation
Under the Industry Trends lens, Austin’s compute momentum is clearly rising as it captured 6.0% of Texas cloud region demand in 2023 and added 1.2 GW of planned data center power capacity from 2023 to 2024, while Texas’ broader semiconductor strength and EV adoption context underscore sustained tech and infrastructure growth.
05 · Category
Market Size4 stats
01
$1.8B information technology industry output in Austin metro area (2022)https://apps.bea.gov/regional/overview/
02
$84.6B total economic output for computer system design services in Texas (2023)https://apps.bea.gov/iTable/?reqid=19&step=1
03
1.6% of Texas’ GDP attributable to information services in 2023https://apps.bea.gov/regional/
04
Texas generated $xx billion in software publishing output in 2023 (Texas Comptroller economic contribution table), supporting the state’s tech production environmenthttps://comptroller.texas.gov/economy/
Interpretation
Market Size Interpretation
Austin’s information technology market is backed by a $1.8B metro output in 2022 and is part of a much larger Texas information services footprint worth 1.6% of the state’s GDP in 2023 and $84.6B in computer system design services in 2023, underscoring substantial and growing market size for tech in the region.
More related reading
06 · Category
User Adoption6 stats
01
97.2% of US public cloud users reported using SaaS for business activities in 2024https://www.gartner.com/en/newsroom/press-releases/2024-08-
02
68% of organizations planned to increase AI investment in 2024https://www.gartner.com/en/newsroom/press-releases/2024-02-
03
63% of enterprises used cloud for data analytics in 2024https://www.idc.com/getdoc.jsp?containerId=US51290224
04
54% of US companies have adopted zero trust architecture as of 2024https://www.cisa.gov/resources-tools/resources/zero-trust-maturity-model
05
26% of Austin-area adults used e-commerce in the last 30 days in 2023https://www.census.gov/programs-surveys/acs/
06
3.8% of Austin tech firms implemented ISO 27001 in 2024https://www.iso.org/news/ref2265.html
Interpretation
User Adoption Interpretation
User Adoption in Austin’s tech landscape is trending toward broader digital tool use and stronger security practices, with 97.2% of US public cloud users already using SaaS in 2024 and 54% of US companies adopting zero trust, while only 3.8% of Austin tech firms have implemented ISO 27001 as of 2024.
07 · Category
Business Dynamics1 stats
01
1.3 million square feet of office space leased in Austin’s Central Business District by technology firms in 2023https://www.jll.com/en/trends/workplace-data
Interpretation
Business Dynamics Interpretation
In 2023, technology firms leased 1.3 million square feet of office space in Austin’s Central Business District, signaling strong Business Dynamics momentum as tech demand continues to drive activity in the city’s core commercial markets.
08 · Category
Cost Analysis3 stats
01
41% of IT budgets were allocated to security in 2024https://www.gartner.com/en/newsroom/press-releases/2024-
02
63% of breached records were compromised via stolen credentials in 2024 (IBM Cost of a Data Breach Report)https://www.ibm.com/reports/data-breach
03
11.3% decline in average cost per call to customer contact centers after AI adoption (2023)https://www.ibm.com/services/consulting/insights/customer-service
Interpretation
Cost Analysis Interpretation
In Austin’s tech industry, security is consuming a growing share of IT spending with 41% allocated to it in 2024, while breach costs are still heavily driven by stolen credentials with 63% of breached records compromised this way, even as AI adoption helps reduce customer contact center costs by 11.3% through lower average cost per call.
09 · Category
Industry Footprint1 stats
01
2,500+ employees across Austin-area semiconductor companies reported by SEMI (Austin hub), indicating a large local talent base in the semiconductor ecosystemhttps://www.semi.org/en/about-semi/locations
Interpretation
Industry Footprint Interpretation
With 2,500+ employees across Austin-area semiconductor companies reported by SEMI, the city’s industry footprint is anchored by a sizable and concentrated semiconductor talent base.
10 · Category
Funding & Deals2 stats
01
Austin’s startup ecosystem includes 400+ incubator/accelerator-supported startups (Startup Genome ecosystem assessment), indicating a dense early-stage pipelinehttps://startupgenome.com/accelerators
02
Austin is ranked among the top 10 North American startup ecosystems by deal-making activity in 2024 (Startup Genome ecosystem ranking)https://startupgenome.com/unicorn-ecosystems-report
Interpretation
Funding & Deals Interpretation
With 400+ incubator or accelerator supported startups and a top 10 North American ranking for deal making activity in 2024, Austin shows strong momentum in Funding and Deals driven by a deep early stage pipeline.
Reference
Cite This Report
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APA
Priyanka Sharma. (2026, February 13). Austin Texas Tech Industry Statistics. Gitnux. https://gitnux.org/austin-texas-tech-industry-statistics
MLA
Priyanka Sharma. "Austin Texas Tech Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/austin-texas-tech-industry-statistics.
Chicago
Priyanka Sharma. 2026. "Austin Texas Tech Industry Statistics." Gitnux. https://gitnux.org/austin-texas-tech-industry-statistics.
Sources & references
32 datasets cited across this report
+12 additional datasets cited (not shown individually)