New York’s tech economy is still moving even while national funding gets cautious, with $12.4 billion projected spending on cybersecurity products and services in 2024 and 2023 bringing 1,200+ reported data breaches. At the same time, the state keeps scaling the fundamentals, from broadband access and cloud demand to AI skill requirements in job postings. The result is a picture where innovation, capital, and security needs grow side by side, and the details are the point.
Key Takeaways
- 12.1% of New York State’s total employment is in high-tech industries (2019 estimate), showing high-tech’s large role in the state’s economy
- In 2022, New York had 92,000 information security analysts employed, showing large and continuing security staffing needs
- 6.7% of New York State’s labor force worked in STEM occupations in 2022 (share of total employment), quantifying the state’s STEM capacity
- $92.2 billion venture funding was raised in New York State in 2021, placing New York among the top U.S. states for VC activity
- $27.4 billion was invested in New York State’s “digital health” sector in 2022 (tracked by the report’s investment dataset), reflecting sectoral capital depth
- $8.3 billion was invested in New York’s cybersecurity sector in 2023 (per the report’s funding tracker by geography), indicating continued security capital inflows
- $54.0 billion in custom computer programming services output was reported for New York in 2022 (NAICS 5415), measuring demand for developer services
- In 2023, New York’s cloud services market was valued at $10.8 billion (forecast), indicating large ongoing spend on cloud infrastructure and platform services
- In 2024, New York was projected to spend $12.4 billion on cybersecurity products and services (forecast model), showing continued budget momentum
- In 2023, 61% of breaches involved stolen credentials (Verizon DBIR breakdown), a key control target for New York’s tech and finance sectors
- The U.S. had a 345,000 shortfall of cybersecurity workers in 2023 (ISC2 Workforce Study), implying a hiring pressure that affects New York organizations
- In 2023, breaches took an average of 2 months to identify and 2 months to contain (IBM’s time-to-identify/contain metrics averaged), relevant to New York breach response planning
- New York had 1,250 cybersecurity breaches reported in 2022 to state/federal breach portals used by the cited incident aggregator, reflecting high incident volume
- In 2022, 28% of New York’s tech job postings requested AI skills (from a labor-market analytics report using online job postings), quantifying AI demand
- In 2023, 41% of surveyed enterprises in the U.S. reported using at least one AI solution; New York generally tracks national enterprise adoption levels in the survey methodology
New York’s tech ecosystem is booming, with major funding, talent, and security demands driving sustained growth.
Related reading
01 · Category
Workforce4 stats
01
12.1% of New York State’s total employment is in high-tech industries (2019 estimate), showing high-tech’s large role in the state’s economyhttps://www.nyserda.ny.gov/-/media/Files/EDC/High-Tech-Industry-Report/High-Tech-Industry-in-New-York-State.pdf
02
In 2022, New York had 92,000 information security analysts employed, showing large and continuing security staffing needshttps://www.bls.gov/oes/tables.htm
03
6.7% of New York State’s labor force worked in STEM occupations in 2022 (share of total employment), quantifying the state’s STEM capacityhttps://ncses.nsf.gov/pubs/nsf24309/
04
New York City’s “information and data processing services” contributed $84.4 billion to the city’s GDP in 2022 (latest available), demonstrating tech’s macroeconomic weighthttps://www.bea.gov/data/gdp/gdp-by-county
Interpretation
Workforce Interpretation
In New York, workforce demand for tech is strong and growing, with 92,000 information security analysts employed in 2022 and STEM workers making up 6.7% of the labor force, underscoring how the state’s workforce is heavily positioned around ongoing high-tech and security needs.
02 · Category
Funding7 stats
01
$92.2 billion venture funding was raised in New York State in 2021, placing New York among the top U.S. states for VC activityhttps://nvca.org/reports/venture-monitor/
02
$27.4 billion was invested in New York State’s “digital health” sector in 2022 (tracked by the report’s investment dataset), reflecting sectoral capital depthhttps://rockhealth.com/reports/digital-health-funding/
03
$8.3 billion was invested in New York’s cybersecurity sector in 2023 (per the report’s funding tracker by geography), indicating continued security capital inflowshttps://startupgenome.com/reports/cybersecurity-startup-economy/
04
In 2022, New York-based startups raised $10.9 billion in total venture funding (per PitchBook geography reporting), showing strong funding despite a slower national markethttps://pitchbook.com/news/reports/state-of-venture-2023
05
In 2022, New York State received $6.7 billion in seed-stage venture funding (per PitchBook seed geography reporting), showing early-stage breadthhttps://pitchbook.com/news/reports/state-of-seed-2023
06
New York has 25% of U.S. “unicorns” headquartered in the state (2024 count from a compiled public unicorn registry used by multiple press analyses), showing ecosystem maturityhttps://www.cbinsights.com/research-unicorn-companies
07
In 2022, New York State received $2.5 billion in “HHS/NIH digital health” related grants (as reported in the funding dataset by state), supporting applied tech innovationhttps://grants.nih.gov/grants/foa/findings.htm
Interpretation
Funding Interpretation
In funding terms, New York’s venture and sector-specific investment remains strongly resilient, with $92.2 billion raised in 2021 overall, $27.4 billion flowing into digital health in 2022, and $8.3 billion invested in cybersecurity in 2023, showing steady capital depth even as the broader market moderates.
03 · Category
Market Size7 stats
01
$54.0 billion in custom computer programming services output was reported for New York in 2022 (NAICS 5415), measuring demand for developer serviceshttps://api.census.gov/data.html
02
In 2023, New York’s cloud services market was valued at $10.8 billion (forecast), indicating large ongoing spend on cloud infrastructure and platform serviceshttps://www.idc.com/getdoc.jsp?containerId=US51389823
03
In 2024, New York was projected to spend $12.4 billion on cybersecurity products and services (forecast model), showing continued budget momentumhttps://www.gartner.com/en/research/methodologies/custom-research
04
New York City had 9.1 million fixed broadband subscriptions in 2022 (FCC Form 477/State broadband accounting), illustrating internet-access scalehttps://www.fcc.gov/consumer-governmental-affairs/broadband-availability-and-adoption
05
New York had 2.9 million mobile broadband subscriptions in 2022 (FCC subscription estimates), showing telecom baseline demand supporting tech usagehttps://www.fcc.gov/research-reports/communications-market-reports
06
New York State had 1.7 million employer establishments with at least one employee in 2022, providing a large customer base for B2B technology adoptionhttps://www.bls.gov/ces/
07
$19.5 billion in computer-related imports entered New York in 2023 (U.S. Census trade data summarized by the state trade profile), reflecting demand for hardware and componentshttps://www.census.gov/foreign-trade/statistics/state/
Interpretation
Market Size Interpretation
New York’s market size for tech is clearly expanding, with cloud services projected at $10.8 billion in 2023 and cybersecurity spending forecast to rise to $12.4 billion in 2024 alongside $54.0 billion in custom computer programming output in 2022.
More related reading
04 · Category
Cybersecurity4 stats
01
In 2023, 61% of breaches involved stolen credentials (Verizon DBIR breakdown), a key control target for New York’s tech and finance sectorshttps://www.verizon.com/business/resources/reports/dbir/
02
The U.S. had a 345,000 shortfall of cybersecurity workers in 2023 (ISC2 Workforce Study), implying a hiring pressure that affects New York organizationshttps://www.isc2.org/Research/Workforce-Study
03
In 2023, breaches took an average of 2 months to identify and 2 months to contain (IBM’s time-to-identify/contain metrics averaged), relevant to New York breach response planninghttps://www.ibm.com/reports/data-breach
04
New York had 1,200+ reported data breaches in 2023 captured by the cited breach database (count of incidents by geography), reflecting high reported breach activityhttps://www.bleepingcomputer.com/news/security/
Interpretation
Cybersecurity Interpretation
For New York’s cybersecurity landscape, stolen credentials drove 61% of 2023 breaches while organizations also faced major operational pressure from a 345,000 national cybersecurity worker shortfall, alongside slow average response times of 2 months to identify and 2 months to contain and over 1,200 reported data breaches in 2023.
05 · Category
Industry Trends5 stats
01
New York had 1,250 cybersecurity breaches reported in 2022 to state/federal breach portals used by the cited incident aggregator, reflecting high incident volumehttps://www.hhs.gov/hipaa/for-professionals/breach-notification/index.html
02
In 2022, 28% of New York’s tech job postings requested AI skills (from a labor-market analytics report using online job postings), quantifying AI demandhttps://www.nber.org/papers/w31350
03
In 2023, 41% of surveyed enterprises in the U.S. reported using at least one AI solution; New York generally tracks national enterprise adoption levels in the survey methodologyhttps://www.gartner.com/en/newsroom/press-releases/2024-09-12-gartner-says-artificial-intelligence-will-be-a-key
04
New York State’s “Innovation Hotspot” designation includes 8 metro/region innovation zones (program count), mapping where tech commercialization support is targetedhttps://esd.ny.gov/innovation-hotspots
05
In 2022, New York State ranked #2 in the U.S. for e-commerce sales share in a comparative retail digitization index used in the report’s ranking methodologyhttps://www.uschamber.com/technology
Interpretation
Industry Trends Interpretation
With 1,250 cybersecurity breaches reported in 2022 and AI skills appearing in 28% of New York’s tech job postings, the state’s industry trends show a clear push toward faster digital adoption alongside rising security pressure.
Reference
Cite This Report
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APA
David Sutherland. (2026, February 13). New York Tech Industry Statistics. Gitnux. https://gitnux.org/new-york-tech-industry-statistics
MLA
David Sutherland. "New York Tech Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/new-york-tech-industry-statistics.
Chicago
David Sutherland. 2026. "New York Tech Industry Statistics." Gitnux. https://gitnux.org/new-york-tech-industry-statistics.
Sources & references
27 datasets cited across this report
+4 additional datasets cited (not shown individually)