Digital Transformation Driving Tech Jobs
The US tech sector employed 6.9 million people by the end of 2016–3% more than the number employed in 2015. Tech occupations totalled 7.3 million growing at 2% YOY, as per the tech workforce analytics report called “Cyberstates 2017,” released by technology association CompTIA.
The tech sector in the US accounts for 7.5% ($1.3 trillion) of the total US economic activity. It has 492,550 business establishments, with nearly every US state adding to the number of tech businesses. Texas has the largest number, with 911 new establishments in the year. The largest number of new establishments (about 5,000) were in IT services and custom software services.
“Digital transformation continues to be a driving force,” says Tim Herbert, senior vice president, Research and Market Intelligence, CompTIA. “Organizations of all sizes are embracing cloud-based technology solutions, expanding their mobile presence, fortifying cyber defenses and driving decision-making through advanced data analysis.”
The report also reveals that the tech sector has added 864,420 jobs since 2010. IT services and custom software services added the highest number of new tech jobs. They added 182,220 new tech jobs in 2016 which was 60% of the new jobs added during the year. “Tech sector employment outpaces other notable segments of the economy, including construction, finance and insurance, transportation and warehousing, and arts, entertainment and recreation,” adds Herbert.
The average annual wage of a tech industry worker was $108,900, compared to the national average wage of $53,100.
In 2015, about 52,434 tech patents were granted to this sector and the number of new tech businesses and startups increased by 12%.
The leading tech occupation jobs were as follows:
Source: Cyberstates 2017
“These numbers affirm the strength and vitality of the U.S. tech industry, and attest to its essential standing in the economy,” says Todd Thibodeaux, president and CEO, CompTIA. “Technology enables innovation and generates growth for companies, regardless of their size, locale or markets served.”
Positive growth in tech sector jobs was recorded in 35 US states, out of which the states of California, New York, Washington, Texas, Florida, Virginia, Massachusetts, Pennsylvania, Illinois and Michigan were the top states for employment in the tech sector in 2016. The states of California, New York, Texas, North Carolina and Michigan recorded significant employment gains during the year.