Demand for experienced IT professionals continues to accelerate. New technologies, cloud migration and security breaches contribute to the projected growth in IT occupations.
The imbalance of supply and demand for IT Talent has reached critical levels. The bottleneck on growth is the shortage of talent with the specific experience. New computer science grads and coding bootcamp programs can not produce the necessary supply of talent.
Here are 3 key findings contributing to the demand, as well as, occupation growth for IT jobs thru 2026.
1. Between, IoT, connected devices, AI and machine learning – IT hiring as exploded with over 20 million new jobs being created between 2015-2030, according to McKinsey. [1]
2. Cloud Migration services continue to soar. Gartner estimates total worldwide cloud services to grow 21.0% year over year in 2018 to $175.8 billion. Growth in infrastructure, platforms and software application services is driven by the benefits of reduced cost and enhanced flexibility.[2]
3. Data security breaches and consumer privacy concerns are driving investment into cyber security. A rapidly evolving skill set is required to address these problems. Cyber/data security tied for the highest recruiting difficulty in the survey among IT skill sets for the third consecutive year, reflecting a shortage of new graduates entering the workforce with sought after cyber security skills. [3]
[1] Brian Wallins, Staffing Industry Analysts, IT Staffing Group Assessment 2019 Update
[2] Wallins, IT Staffing Group Assessment 2019 Update
[3] Wallins, IT Staffing Group Assessment 2019 Update
