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IT Sector To Add 5.8m Jobs In Four Years
Published Oct 8, 2009
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Information technology sector is likely to generate 5.8 million new jobs in the coming four years, according to International Data Corporation (IDC) research.
The IT industry will create more than 75,000 new businesses in the next four years, the study said.
"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," Microsoft Chief Executive Steve Ballmer was quoted as saying by an AFP report.
US software colossus Microsoft sponsored the IDC research into the impact of IT in 52 countries that represent 98 percent of the global IT spending.
"IT spending growth is a good sign as we come out of the recession," Microsoft Corporate Affairs communications manager Scott Selby said.
Employment growth in IT related jobs will be three times that of overall job growth in what Selby said is a "good driver of economic growth".
IDC expects IT spending in the countries studied to grow at slightly more than three percent annually, three times as fast as the gross domestic products between now and the year 2013.
New technologies are also ushering in a new "cloud computing" paradigm in which applications are provided online as services instead of as software bought and installed on home or office machines, according to IDC.
Money saved by using software as needed "in the cloud" instead of buying, maintaining, and updating applications will likely be devoted to bringing new products or services to market faster and cheaper, according to Selby.
IDC estimates that cloud services could add $800 billion in net new business revenues between the end of 2009 and the end of 2013.
Posted by
VMD - [Virtual Marketing Department]
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