The computer programming and consultancy services sector in the US exhibited robust growth over the past decade, increasing from 2.18 million employees in 2013 to 4.3 million employees in 2023. This represents a significant expansion driven by high demand for technological expertise, with the year-on-year growth peaking at 11.28% in 2019. Notably, the growth rate slowed in recent years, with the latest figure for 2023 showing a 4.85% increase, while the Compound Annual Growth Rate (CAGR) for the last five years was 6.03%.
The forecast data from 2024 to 2028 indicates a steadily continuing upward trend, with the sector expected to reach 5.24 million employees by 2028. The forecasted CAGR over this period is projected to be 3.12%, implying a more moderate yet sustained growth rate.
Future trends to watch for include:
- The impact of increasing automation and AI on job roles within the sector.
- The proliferation of remote work and its effect on employment patterns.
- The growing importance of cybersecurity and data privacy, potentially driving demand for specialized roles.
- Economic fluctuations and technological advancements continually reshaping the sector.
