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Industry Landscape
The technology advocacy sector in Arizona is currently robust and growing, serving as a critical nexus for tech companies, government, and academia. It actively fosters collaboration, supports policy favorable to tech growth, and addresses workforce development needs. Key focus areas include cybersecurity, e-mobility, and optics, reflecting a diverse and expanding tech landscape.
Total Assets Under Management (AUM)
Number of Technology Establishments in United States
~563,000 technology establishments in the US (2023)
(1.7% CAGR)
- Growth driven by software development and IT services.
- Strong performance in emerging tech like AI and cybersecurity.
- Slight slowdown due to economic uncertainties but remains positive.
Total Addressable Market
1.8 trillion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Artificial Intelligence (AI)
AI's integration across industries, from automation to data analytics, will redefine business operations and innovation, demanding new skill sets and ethical considerations within the technology advocacy sector.
Cybersecurity Mesh Architecture
This distributed approach to security controls will enhance protection for diverse and remote tech ecosystems, requiring increased collaboration and policy advocacy for robust implementation.
Quantum Computing
Though early stage, quantum computing's potential to solve complex problems exponentially faster will drive demand for specialized talent and infrastructure, impacting R&D and advanced tech policy within the Arizona ecosystem.
Impactful Policy Frameworks
Arizona HB2054 (2024)
This bill proposes a significant increase in the budget for K-12 education, including funding for STEM programs and teacher salaries.
This policy will directly impact the AZTC by strengthening the pipeline of future tech talent, which is crucial for addressing the workforce development needs of their member organizations.
Arizona SB1186 (2023)
This bill establishes the Arizona Broadband Office and provides funding for expanding broadband infrastructure across the state, particularly in rural areas.
Improved broadband access will broaden the reach of tech companies, facilitate remote work, and expand the potential market for AZTC members by enabling more widespread participation in the digital economy.
Arizona HB2757 (2022)
This bill relates to autonomous vehicles, outlining regulations for their operation on public roads and encouraging the testing and deployment of AV technology.
This policy directly supports the growth of the e-mobility sector within Arizona, providing a clear regulatory environment that benefits AZTC members involved in autonomous vehicle development and testing.
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