• Share
  • Email
  • Embed
  • Like
  • Private Content
CompTIA's Information Technology Industry Outlook
 

CompTIA's Information Technology Industry Outlook

on

  • 701 views

CompTIA’s IT Industry Outlook 2014 provides an overview of the size, shape and growth factors of the information technology (IT) industry and the IT channel. This study and all CompTIA research is ...

CompTIA’s IT Industry Outlook 2014 provides an overview of the size, shape and growth factors of the information technology (IT) industry and the IT channel. This study and all CompTIA research is one way in which the association re-invests resources in the IT channel. As the voice of the IT industry, CompTIA has hundreds of tools, market intelligence reports and business training programs to help IT channel organizations grow through education, certification, advocacy and philanthropy. The full report is available at no cost to CompTIA members to help them develop and hone their business plans.

The IT industry is likely to experience moderate growth in 2014. CompTIA’s consensus forecast projects a 2014 growth rate of 3.4 percent for the global IT industry, with upside potential of 5.9 percent. The U.S forecast is slightly lower: 3 percent, with upside potential of 5.4 percent.

On the employment front, 41 percent of IT companies plan increased investments in staffing in technical positions this year, compared to 15 percent that plan staffing decreases. Among non-technical positions, 32 percent of firms plan increases and 16 percent decreases. The data suggests medium-sized IT firms will be the most aggressive in hiring for both technical and non-technical positions.

CompTIA views 2014 as a year of momentum and continuation, as incremental advancements in several areas make their marks on the producers and consumers of technology. Twelve trends to watch over the next 12 months:
Macro Trends
1. Technology becomes a core competency for more businesses.
2. Mass customization gets more sophisticated.
3. Processes and workflow get a makeover.
4. Technology is increasingly embraced as the remote control of life.
Technology Trends
1. Cloud wars intensify.
2. Diverse devices flood the market.
3. Big data has a little sibling.
4. Software’s appetite is not satisfied.
IT Channel Trends
1. When it comes to your channel business, it’s OK to stay in two lanes.
2. Time to rebrand the “trusted advisor.”
3. Back to basics: Reinvesting in technical expertise.
4. Channel dynamics: Partner or competitor?

Statistics

Views

Total Views
701
Views on SlideShare
610
Embed Views
91

Actions

Likes
1
Downloads
31
Comments
0

1 Embed 91

http://www.litcom.ca 91

Accessibility

Categories

Upload Details

Uploaded via as Adobe PDF

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

    CompTIA's Information Technology Industry Outlook CompTIA's Information Technology Industry Outlook Presentation Transcript

    • 2014 Information Technology Industry Outlook
    • IT Industry Employment vs. IT Occupation Employment IT Industry Employment An estimated 5.73 million workers were employed in the U.S. information technology industry in 2013. This includes technical and non-technical positions in employer firms and non-employer firms. IT Occupation Employment Within the IT industry, there are many IT occupations. An estimated 4.74 million workers were employed in core IT occupations, across the full spectrum of U.S. industry sectors and the government sector in 2013. This figure includes non-employers, such as the self-employed or sole proprietors. Sources: EMSI | U.S. Bureau of Labor Statics Quarterly Census of Employment and Wages | CompTIA
    • IT Jobs Distribution by State/Region Total U.S. Core IT job count for 2013: 4.74 million workers Midwest: 934 K Northeast: 906 K West: 1.2 M South: 1.6 M Sources: EMSI | U.S. Bureau of Labor Statics Quarterly Census of Employment and Wages | CompTIA
    • 2013 U.S. IT Industry Employment Estimates IT Hardware Mfg. 1,098,725 employed Software Publishing 324,669 employed 5.7 million employed* in the U.S. Info Tech Sector IT Services 357,940 IT Hardware Mfg.: 18,835 establishments • • • • • • Computer &peripheral equipment Communications equipment A/V equipment Semiconductors & electrical components Measuring & control instruments Magnetic & Optical media Software Publishing: 12,187 establishments • Software IT Services: 228,373 establishments • • • • • Computer system design & implementation Custom computer programming Support and management Maintenance & repair services Computer training employed 2,288,462 Telecom/Info Services: 67,047 establishments U.S. Employer Establishments Telecom & Info Services Includes technical and non-technical occupations. The 357,940 figure includes employer firms ONLY – firms with payroll and employees. There are an estimated 878,243 self-employed, non-employer entities. These could be consultants, contractors, independent mobile app developers and other individual entities without payroll. 1,526,839 employed Retail & Wholesale & Dist. 491,123 employed • • • • Wired telecom services Wireless telecom services Satellite services Data processing, hosting and search services Retail & Wholesale: 31,498 establishments • Computer & software stores • Computer, peripheral and software wholesalers • Online computer & related retailers Sources: EMSI | U.S. Bureau of Labor Statics Quarterly Census of Employment and Wages | CompTIA
    • IT Industry Executives Feeling Slightly More Confident Heading into 2014 CompTIA’s IT Industry Business Confidence Index is calculated on a 100-point scale, using an aggregation of three metrics: 1). Opinions of the U.S. economy, 2). Opinions of the IT industry, and 3). Opinions of one’s company. 64.0 62.0 60.0 58.0 56.0 54.0 52.0 50.0 48.0 46.0 Forecast Q1 '14 Q4 '13 Q3 '13 Q2 '13 Q1 '13 Q4 '12 Q3 '12 Q2 '12 Q1 '12 Q4 '11 Q3 '11 Q2 '11 Q1 '11 Q4 '10 Q3 '10 Q2 '10 Q1 '10 Q4 '09 Q3 '09 44.0 Source: CompTIA 2014 Industry Outlook | Base: 525 executives at U.S. IT firms
    • CompTIA IT Industry Growth Forecast Global IT Industry Revenue Forecast U.S. IT Industry Revenue Forecast 2014 Optimistic projection: 2014 Pessimistic projection: 2014 Midpoint projection: 2014 Optimistic projection: 2014 Pessimistic projection: 2014 Midpoint projection: 5.9% 1.0% 3.4% 7.0 6.0 6.0 Growth Rate Range 8.0 7.0 Growth Rate Range 8.0 5.4% 0.7% 3.0% 5.0 4.0 3.0 2.0 5.0 4.0 3.0 2.0 1.0 1.0 0.0 0.0 2010 2011 2012 2013 2014 2010 2011 2012 2013 2014 Source: CompTIA 2014 Industry Outlook | Base: 525 executives at U.S. IT firms
    • Many IT Industry Executives Expect Positive Growth in 2014, Even Under Pessimistic Scenario U.S. IT Industry Revenue Forecast: Distribution of Opinions -12% growth Midpoint = 0% growth +12% growth Optimistic scenario: 94% NET positive growth forecast 3% Flat growth forecast 4% NET negative growth forecast Pessimistic scenario: 61% NET positive growth forecast 13% Flat growth forecast 26% NET negative growth forecast Shaded area = Optimistic scenario Line = Pessimistic scenario Source: CompTIA 2014 Industry Outlook | Base: 525 executives at U.S. IT firms
    • Planned 2014 Investments by Firm Size Micro Firms Small Firms Medium Firms Large Firms Staffing levels in technical positions 29% 45% 49% 37% Investments in new products or business lines 34% 42% 49% 36% Technology expenditures 42% 43% 46% 30% Staff training or professional development 41% 40% 39% 28% Marketing/advertising expenditures 34% 35% 33% 36% Staffing levels in non-technical positions 22% 38% 41% 26% Capital expenditures (e.g. non technology) 22% 24% 29% 25% Business travel 24% 37% 22% 12% Percent Planning an Increase Source: CompTIA 2014 Industry Outlook | Base: 525 executives at U.S. IT firms
    • Despite Strong Customer Demand for Technology, Spending Still Seen as Fragile by IT Firms IT firm executives’ concerns over factors most likely to negatively impact growth during 2014 Price sensitive customers hesitant to spend 45% Government regulation 35% General lack of confidence/paralysis 32% Labor costs/availability of skilled workers 32% IT industry squeezed by decreasing margins 31% Unexpected shock (e.g. natural disaster) 30% Competition from new firms entering space 26% Lengthy sales cycles 25% Disruptive technologies or business models 20% Access to credit/capital 18% Weak export market 10% Input/commodity price inflation 10% Source: CompTIA 2014 Industry Outlook | Base: 525 executives at U.S. IT firms
    • Trends to Watch in 2014  Technology Becomes a Core Competency for More Businesses Macro Trends  Mass Customization Gets More Sophisticated  Processes and Workflow Get a Makeover  Technology Increasingly Embraced as the Remote Control of Life  Cloud Wars Intensify Tech Trends  Diverse Devices Flood the Market  Big Data Has a Little Sibling  Software’s Appetite is not Satisfied  When It Comes to Channel Businesses, It Can be OK to Stay in Two Lanes Channel Trends  Time to Rebrand the ‘Trusted Advisor’  Back to the Basics: Reinvesting in Technical Expertise  Channel Dynamics: Partner or Competitor?
    • About this Research These charts are an excerpt of key findings from CompTIA’s 2014 IT Industry Outlook CompTIA’s IT Industry Outlook 2014 provides an overview of the size, shape and growth factors of the information technology (IT) industry and the IT channel. The study consists of three sections, which can be viewed independently or together as chapters of a comprehensive report. Section 1: Section 2: Section 3: IT Industry and Workforce Overview IT Industry Growth Projections Technology and Channel Trends CompTIA’s research program publishes around 25 unique studies year. CompTIA members have access to a research library containing more than 100 reports covering technology, business, workforce and channel trends. This study and all CompTIA research is one way in which the association re-invests resources in the IT channel. As the voice of the IT industry, CompTIA has hundreds of tools, market intelligence reports and business training programs to help IT channel organizations grow through education, certification, advocacy and philanthropy. The full report is available at no cost to CompTIA members to help them develop and hone their business plans. Visit www.comptia.org or contact research@comptia.org for more information.