Toronto ranked first as digital media location

IBM Toronto ICT Report, May 2007

The Toronto Region Research Alliance (TRRA) released a study by IBM’s New Jersey-based Global Location Strategies Team which finds that Toronto’s information and communication technology (ICT) sector ranks with world leaders and finishes well ahead of the pack in digital media. The report compared Toronto to six of the most successful ICT venues worldwide in terms of its attractiveness as an investment location.

In digital media, Toronto received high marks for its strong base of creative industries, its large pool of computer programmers and creative media talent and its attractiveness as a place to live for international recruits.

The study, “Toronto’s Competitive Positioning in the ICT sectorâ€? looked at four ICT sub-sectors: digital media, professional shared services, next generation electronics and specialist software development. The third largest ICT cluster in North America, Toronto ranked as the most ideal location in two sub-sectors, digital media and professional shared services. Toronto received top grades for quality and came second only to Bangalore for low operating costs. In next generation electronics and specialist software development, Toronto ranked very competitively against other North American alternatives. The regions studied were Bangalore, Boston, Frankfurt, Manchester, San Jose and Washington, DC.

Downloads:

• TRRA Press Release: New IBM Report ranks Toronto first as digital media location in group of world-leading ICT venues(PDF)

• Toronto’s Competitive Positioning in the ICT Sector – May 2007 Report by IBM Global Business Services (PDF)