The IT industry in the United States appears to have an optimistic outlook for the future, according to reports from the Wall Street Journal citing research by IT trade group CompTIA. Cloud providers, tech firms, software vendors, and other IT industry components are going strong in the fourth quarter, with IT industry business confidence index numbers at 61.7 out of 100.
Gains in IT company self-assessment of their own health were also apparent in the reports, with more IT companies saying they were on target to meet or surpass year-end goals – a record 82%. The reports looked at executives and senior management at more than 280 IT firms and companies than span across industry sectors. About 25% of these companies had at least 500 employees.
Below is the chart showing the overall business confidence index for IT by quarter.
Additionally, the IT industry is growing by leaps and bounds in employment. Following is a quote from the WSJ article detailing the CompTIA reports from this quarter:
“In a separate analysis of Bureau of Labor Statistics data earlier this month, CompTIA reported that employment in the IT sector grew by 2,900 jobs in September, the third straight month of gains, amid ongoing declines in IT jobs over the same period across all industries.
The increases were led by an upturn in hiring at software and services firms, followed by search portals, and data processing, hosting and related services, the group said.”
With IT business confidence levels at an all-time high and the massive gains in employment, the IT industry continues to have an optimistic economic future in the United States. We’re excited to see the changes that 2017 bring!