Global IT industry is worth $3.8 trillion

According to a study by IT advocacy group, CompTIA, the global IT industry generates $3.8 trillion annually, including $1 trillion in the United States only where IT employs more than 5 million people.

CompTIA conducted its analysis based on research from a survey of 673 respondents along with data from IDC, EMSI, Burning Glass Technologies Labor Insights, U.S. Bureau of Labor Statistics, U.S. Bureau of Economic Analysis, and others. For CIOs and other IT professionals, this data could prove useful in understanding the trends to formulate better strategies, identify job opportunities, understand areas of growth, and sidestep the impact of industry weakness.

In the US, key segments of this market include IT hardware (24 percent), ITservices (25 percent), software (21 percent), and telecom (30 percent).

This next chart shows the composition and size of the IT workforce in the United States:

The study also noted down top seven IT growth roles in 2015:

• Cybersecurity Analysts
• Web Developers
• Software Developers, Applications
• Software Developers, Systems Software
• Systems Analysts
• IT Support Specialists
• IT Managers / Directors / CIOs

Further according to the report the IT jobs expected to gain most traction through 2016 include Chief analytics/data officer, Data scientist, Dataviz/Data visualizers, Social media analyst, Augmented reality designer, Content manager/strategist, Marketing technologist, Container developers and architects, Cloud systems engineer, Internet of things architect, Information Assurance Analyst, Computer security incident responder, Agile project manager and Responsive web designer.

For aspiring tech professionals wondering which industries offer the greatest number of jobs, the top five are:

• Professional, scientific and technical services
• Information
• Government
• Finance and insurance
• Manufacturing

The most interesting segment of the study is the report that offers a list of upcoming technologies, including block chain and machine learning and also those which are about to be part of main stream soon.