Forget silicon valley stereotypes; Miami's software development scene is exploding with a 15% surge in developers, soaring salaries, and a dynamic blend of tech talent that’s redefining the industry.
Key Takeaways
- In 2023, Miami-Dade County employed 28,450 software developers, marking a 15.2% increase from 2022.
- The average annual salary for software developers in the Miami-Fort Lauderdale-West Palm Beach MSA was $112,340 in 2023.
- Women represented 22.4% of the software development workforce in Miami in 2023.
- As of 2023, Miami hosts 1,250 software development companies.
- New software startups founded in Miami: 320 in 2023.
- Top software firm in Miami, Chewy, has 2,500 devs.
- Miami software industry contributed $8.7 billion to GDP in 2023.
- Software dev sector revenue growth: 14.8% YoY in Miami 2023.
- Total payroll for Miami software industry: $3.2 billion in 2023.
- Total VC deals for software startups: 185 in Miami 2023.
- Average seed round size for Miami software: $2.3 million in 2023.
- Series B funding total: $650 million for 22 Miami software cos 2023.
- Miami-Dade tech workforce training programs graduated 4,200 software trainees in 2023.
- University of Miami CS graduates: 650 entering software industry 2023.
- Coding bootcamps in Miami enrolled 2,800 students in 2023.
Miami's software industry is booming with strong job growth and high salaries.
Company Landscape and Growth
- As of 2023, Miami hosts 1,250 software development companies.
- New software startups founded in Miami: 320 in 2023.
- Top software firm in Miami, Chewy, has 2,500 devs.
- Software company growth rate in Miami: 12.4% YoY 2023.
- Unicorns in Miami software: 3 as of 2023.
- Enterprise software firms: 180 in Miami 2023.
- SaaS companies headquartered in Miami: 210 in 2023.
- Fintech software developers firms: 95 in Miami 2023.
- Healthtech software companies: 75 in Miami 2023.
- E-commerce software platforms: 120 firms in Miami 2023.
- Average age of Miami software companies: 7.2 years in 2023.
- Series A funded software cos in Miami: 45 in 2023.
- Relocated software HQs to Miami: 28 in 2023.
- Software firms with 500+ employees: 22 in Miami 2023.
- Open source contributors from Miami software cos: 4,500 in 2023.
- Edtech software companies: 60 in Miami 2023.
- Proptech software firms: 85 in Miami 2023.
- Logistics software companies: 70 in Miami 2023.
- Gaming software studios: 40 in Miami 2023.
- AR/VR software firms: 35 in Miami 2023.
- Insurtech software companies: 50 in Miami 2023.
- Median employee count per software co in Miami: 45 in 2023.
- Software co failure rate in Miami: 9.2% in 2023.
- M&A deals among Miami software firms: 15 in 2023.
- B2B software companies: 650 in Miami 2023.
- B2C software apps firms: 220 in Miami 2023.
Company Landscape and Growth Interpretation
Miami's tech scene is less a flashy startup sprint and more a steady, diversified marathon, where for every unicorn grazing in the sun, a robust herd of 1,250 established and specialized firms is busy building a mature ecosystem that's growing at a healthy 12.4% clip.
Economic and Revenue Impact
- Miami software industry contributed $8.7 billion to GDP in 2023.
- Software dev sector revenue growth: 14.8% YoY in Miami 2023.
- Total payroll for Miami software industry: $3.2 billion in 2023.
- Tax revenue from software firms: $450 million in Miami 2023.
- Software exports from Miami: $1.1 billion in 2023.
- Multiplier effect of software industry on Miami economy: 2.8x in 2023.
- Average revenue per software employee in Miami: $285,000 in 2023.
- Venture-backed software revenue: $2.4 billion in Miami 2023.
- SMB software spending in Miami: $1.8 billion annually 2023.
- Cloud software market size in Miami: $950 million in 2023.
- AI software revenue contribution: $420 million in Miami 2023.
- Cybersecurity software sales: $310 million in Miami 2023.
- Fintech software revenue: $680 million in Miami 2023.
- Job creation impact: 45,000 indirect jobs from software in Miami 2023.
- Software R&D spend: $1.2 billion in Miami 2023.
- SaaS ARR growth: 19% for Miami firms in 2023.
- Enterprise software licenses revenue: $720 million Miami 2023.
- Mobile app monetization: $250 million in Miami 2023.
- E-commerce platform fees revenue: $380 million Miami 2023.
- Proptech software revenue: $190 million in Miami 2023.
- Edtech software sales: $140 million Miami 2023.
- Gaming software revenue: $210 million in Miami 2023.
- Total VC funding into Miami software: $2.1 billion in 2023.
- ROI on software investments in Miami: 3.2x average in 2023.
- Miami software firms raised $1.8 billion in equity 2023.
Economic and Revenue Impact Interpretation
It seems Miami's software industry has become the city's most potent and sun-drenched export, generating a tsunami of cash with nearly every app, algorithm, and digital service delivering an economic splash far beyond the initial code.
Education, Talent Pipeline, and Innovation
- Miami-Dade tech workforce training programs graduated 4,200 software trainees in 2023.
- University of Miami CS graduates: 650 entering software industry 2023.
- Coding bootcamps in Miami enrolled 2,800 students in 2023.
- FIU software engineering program enrollment: 3,100 students 2023.
- Patents filed by Miami software firms: 1,450 in 2023.
- Hackathons hosted in Miami: 45 with 12,000 participants 2023.
- AI research papers from Miami devs: 280 published 2023.
- Tech accelerators graduated 120 software startups Miami 2023.
- Apprenticeships in software dev: 950 placed in Miami 2023.
- Diversity scholarships for CS: $4.5 million awarded Miami 2023.
- GitHub repos from Miami: 45,000 active in 2023.
- eMerge Americas attendees: 25,000 including 8,000 devs 2023.
- Quantum computing devs trained: 320 in Miami programs 2023.
- Women in tech conferences: 5 events with 3,500 attendees Miami 2023.
- OpenAI certifications earned by Miami devs: 1,200 in 2023.
- AWS certifications: 5,400 by Miami software pros 2023.
- Startup incubators focused on software: 18 in Miami 2023.
- CS PhDs from local unis entering industry: 85 in 2023.
- Innovation labs by software firms: 42 in Miami 2023.
- Tech meetups: 220 events with 28,000 attendances Miami 2023.
- Blockchain bootcamps graduated 450 devs Miami 2023.
- Data science masters programs output: 420 grads Miami 2023.
- VR/AR dev certifications: 780 earned in Miami 2023.
- Cybersecurity training completers: 1,100 in Miami 2023.
- DevRel roles filled via talent pipeline: 250 in 2023 Miami.
- High school coding programs reached 15,000 students Miami 2023.
- Corporate upskilling budgets for software: $120 million Miami 2023.
- Innovation patents per capita in software: 2.1 per 1,000 devs Miami 2023.
Education, Talent Pipeline, and Innovation Interpretation
Miami’s tech scene is a fertile and frenetic blend of massive talent cultivation, relentless skill-building, and serious innovation, proving that while the beaches may be sandy, its software foundation is being poured in concrete.
Employment and Workforce
- In 2023, Miami-Dade County employed 28,450 software developers, marking a 15.2% increase from 2022.
- The average annual salary for software developers in the Miami-Fort Lauderdale-West Palm Beach MSA was $112,340 in 2023.
- Women represented 22.4% of the software development workforce in Miami in 2023.
- Entry-level software engineer positions in Miami grew by 18% year-over-year in 2023.
- 65% of Miami software developers hold a bachelor's degree in computer science or related fields as of 2023.
- Remote software development jobs in Miami increased by 25% from 2022 to 2023.
- The unemployment rate for software developers in Miami was 1.8% in Q4 2023.
- Hispanic/Latino software developers make up 42% of the Miami workforce in 2023.
- Senior software engineers in Miami earned a median salary of $135,200 in 2023.
- 12,300 full-time software development jobs were posted in Miami in 2023.
- Black/African American representation in Miami software dev was 8.5% in 2023.
- Average experience level of Miami software devs is 6.2 years as of 2023.
- Software QA engineers in Miami numbered 4,200 in 2023.
- 78% of Miami software developers use Python as a primary language in 2023.
- DevOps engineers in Miami grew 22% to 3,800 roles in 2023.
- Full-stack developers comprise 35% of Miami's software workforce in 2023.
- Mobile app developers in Miami: 5,100 employed in 2023.
- AI/ML software specialists in Miami reached 2,450 in 2023.
- Cybersecurity software devs in Miami: 1,900 in 2023.
- Cloud software engineers: 4,500 in Miami workforce 2023.
- Frontend developers salary averaged $105,600 in Miami 2023.
- Backend developers: 6,200 employed in Miami 2023.
- 55% of Miami software devs work for companies with 100+ employees in 2023.
- Freelance software devs in Miami: 3,200 active in 2023.
- Turnover rate for software devs in Miami: 14.5% in 2023.
- Software architects in Miami: 1,200 employed 2023.
- 68% of Miami devs prefer hybrid work models in 2023.
- Data engineers in software firms: 2,800 in Miami 2023.
- Game developers: 850 in Miami software industry 2023.
- Blockchain software devs: 650 in Miami 2023.
Employment and Workforce Interpretation
Miami's tech scene isn't just growing like a sun-drenched weed; it's strategically blossoming into a diverse, opportunity-rich, and fiercely competitive hub where the demand for talent—especially in emerging fields—far outstrips the alarming 1.8% unemployment rate, yet still has glaring room for improvement in gender and racial representation.
Investment and Funding
- Total VC deals for software startups: 185 in Miami 2023.
- Average seed round size for Miami software: $2.3 million in 2023.
- Series B funding total: $650 million for 22 Miami software cos 2023.
- Angel investments in software: $180 million across 95 deals Miami 2023.
- Corporate VC into Miami software: $320 million in 2023.
- Late-stage funding: $450 million for 8 software firms Miami 2023.
- Fintech software funding: $520 million in Miami 2023.
- AI/ML software startups raised $380 million Miami 2023.
- SaaS funding rounds: 72 totaling $710 million Miami 2023.
- Number of active VCs investing in Miami software: 145 in 2023.
- Median valuation post-Series A: $28 million for Miami software 2023.
- Crowdfunding for software: $45 million via platforms Miami 2023.
- Debt financing for software cos: $210 million Miami 2023.
- Grants for software innovation: $32 million awarded Miami 2023.
- Exit value from software acquisitions: $1.2 billion Miami 2023.
- Follow-on funding rate: 68% for Miami software startups 2023.
- Top VC firm for Miami software: RRE Ventures with $150M invested 2023.
- Female-founded software startups funding: $95 million Miami 2023.
- Proptech software funding: $110 million in 12 deals Miami 2023.
- Healthtech software investments: $240 million Miami 2023.
- Gaming software VC: $75 million across 9 startups Miami 2023.
- Edtech funding: $65 million in Miami software 2023.
- Blockchain/crypto software funding: $290 million Miami 2023.
Investment and Funding Interpretation
Miami's software scene isn't just a beachside daydream; with nearly $5 billion flowing in through a vibrant mix of venture capital, angel investors, and corporate backings—from a $2.3 million seed to a $1.2 billion exit—it's proving to be a serious and diverse tech hub where the money is as sunny as the weather.
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