IT Trends

IT INDUSTRY OUTLOOK 2016

  • According to the research consultancy IDC, the global information technology (IT) market, encompassing hardware, software, services, and telecommunications, is expected to reach $3.8 trillion in 2016, up from $3.7 trillion the previous year. The U.S. market accounts for approximately 28% of the total, or slightly more than $1 trillion. Over the past decade, the biggest shift in global industry allocations stems from growth of the Asian region, fueled primarily by the rise of China.

  • The IT channel plays an integral role to facilitating the flow of technology goods and services from producer to customer. The channel ecosystem, consisting of solution providers, MSPs, VARs, vendors, distributors, cloud service providers, and more, work in concert to supply and support customers’ technology needs. Estimates suggest upwards of two-­‐thirds of IT products and services sold to U.S. businesses flow through or are influenced by indirect channels in some way.
  • There are two distinct elements of the IT workforce: 1) Employment in the IT sector, and 2) IT occupations spanning all industry sectors. In the aggregate, the U.S. IT sector employs an estimated 5.9 million workers in technical (e.g. software developers, network administrators, etc.) and non-­‐technical (e.g. HR, finance, marketing) positions. The second element of the IT workforce, IT occupations, consists of an estimated 5.04 million workers as of yearend 2015 found in IT departments across businesses in every industry sector of the economy. Based on how 2015 data is tracking, the year could record the highest IT job growth rate in over a decade.
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