IT jobs set for rapid growth

IT employment will grow three times faster than the projected rate of worldwide total employment, according to a report from IDC and Microsoft.

Investment

IT employment will grow three times faster than the projected rate of total worldwide employment, according to a study released by analyst firm IDC and software giant Microsoft.

The data suggests that investment in IT will foster economic recovery and growth, creating 5.8 million new jobs and 75,000 new businesses over the next four years.

Microsoft chief executive, Steve Ballmer, said in a statement: "In this fundamental economic reset, innovative technologies will play a vital role in driving productivity gains and enabling the creation of new local businesses and highly skilled jobs that fuel economic recovery and support sustainable economic growth."

He added: "Countries that foster innovation and invest in infrastructure, education and skills development for their citizens will have a major competitive advantage in the global marketplace."

The study investigated the impact of IT on gross domestic product (GDP), employment in the software sector, local IT spending, the formation of new companies and jobs within the IT industry, and tax revenues in 52 countries that represent 98 per cent of global IT spending.

IDC also claimed that spending in the countries studied would increase more than three per cent annually, three times faster than the gross domestic products between now and 2013.

Spending on software is also predicted to grow faster than overall IT spending.

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