Global IT Sector To Generate 5.8 Million Jobs By 2013

According to a study conducted by research major IDC, the information technology sector is poised to become a leading generator of employment in next four years and is expected to create nearly 5.8 million new jobs.

The Microsoft sponsored research conducted by IDC also pointed out that spending on information technology across the world is expected to see a sharp increase in near future and this likely to throw up opportunities for new companies to thrive.

According to the report, the information technology industry is likely to see a plethora of new companies being started which will help significantly in increasing the overall employment rate.

The IDC in its report expressed hope that IT sector will play a major role in getting the world out of the current economic downturn and it mentioned that "While the world has been in the gripes of a recession, it has also been in the midst of a technology renaissance, flush with advances in software, devices, and Internet-based services".

Though the report sounds an optimistic note on the future of IT sector, it also notes that several aspects like investment in research and education needs to be done by governments to fulfil the promise that the IT sector holds for future.

Our Comments

Microsoft sponsored the report and Steve Ballmer possibly used it when he told an audience in London that 80,000 jobs would be created in the UK alone. Whether 5.8 million new jobs will be created worldwide in the tech market remains to be seen. Historically, technology (e.g virtualisation, outsourcing or telephone exchanges) often reduces costs by cutting labour.

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IT to generate 5.8 million new jobs by 2013: IDC