Fast Facts: Salary, Mobility Driving IT Job Growth
In the fast-paced IT industry, new statistics and data are released daily. Each week, Enterprise Mobility Exchange publishes Fast Facts, taking a look at interesting or noteworthy information impacting businesses.
The Information Technology industry, as a whole, is expected to grow by 12-percent through 2024, according to the United States Bureau of Labor Statistics. That average is higher than that of any other job occupation, with an expectation of 488,500 new jobs – an increase from 3.9 million to 4.4 million – over the course of a decade.
Main drivers for the growth are due to “greater emphasis on cloud computing, the collection and storage of big data, more everyday items becoming connected to the Internet in what is commonly referred to as the ‘Internet of Things,’ and the continued demand for mobile computing,” the report said.
In addition, salary is major component for the influx of IT-focused professionals, as those occupations had a median annual wage of $82,860 in 2016, which was more than twice the median annual wage for all occupations of $37,040.
While the forecast for job growth looks warm, some IT sectors are growing at such a rate that demand is exceeding supply. As previously reported by Enterprise Mobility Exchange, in mid-2016, there were a total of 348,975 cyber security job openings across the United States, with 778,402 cyber security professionals currently employed.
Have more Fast Facts? Share them with editor Jason Koestenblatt by emailing firstname.lastname@example.org. Get more news and industry analysis directly to your inbox from Enterprise Mobility Exchange by signing up for our newsletters here.