New research from e-skills shows that demand for IT skills is set to grow strongly over the next five years, with the industry increasingly favouring more ‘seasoned’ IT workers over those that are under 30. Over the past ten years, the number of IT professionals under 30 has decreased from 33% back in 2001 to just 19% last year, whilst the number over 50s has nearly doubled to 17%.
This latest e-skills UK study also shows that employment within IT and Telecoms is set to grow at over five times the average rate during the next ten years, with IT itself having a major part to play in the long-awaited economic recovery. According to the report, the industry contributes £81bn to the economy (9% of gross value added). In fact, by exploiting the full potential of technology, the rest of the economy could be boosted to the tune of an extra £50bn over the next 5 to 7 years.
1.5m people are now employed in the IT workforce – 40% directly within the IT and Telecoms sectors, and the rest within other sectors of the economy. This year, another 100,000 new entrants will be needed by this rapidly-growing industry.