Forecast: Employment in ICT Services in the US

The employment in ICT services in the US has seen a steady increase from 2013 to 2023. As of 2023, it stood at 481,000 Full-Time Equivalent units. Over the past two years, the year-on-year variation was modest with an increase of 1.72% in 2022 and 1.48% in 2023. The five-year CAGR up to 2023 was 1.61%, indicating a consistent but slight upward trend. Forecasted data suggests this trend will continue, with employment reaching 516,000 units by 2028 and a five-year CAGR of 1.12%, reflecting a projected growth rate of 5.74% over the next five years.

Future trends to watch for include:

  • Increasing demand for ICT services influenced by the growth of digital transformation across industries.
  • Potential impact of emerging technologies such as AI, IoT, and 5G on employment patterns.
  • Continued influence of remote work and its implications for ICT service demands and employment structures.

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