Upcoming Trade Shows in USA for IT & Technology

The IT & technology industry in the USA maintains its upward growth trajectory with experts projecting revenue to reach $522 billion by 2024. This represents a significant sector within the tech landscape, illuminating the increasing reliance on IT solutions across various industries. A major driver of this growth is IT outsourcing, which is forecasted to dominate the market with a projected volume of $197.3 billion in 2024. The overall IT services market is anticipated to grow at a compound annual growth rate of 5.28% from 2024 to 2029. The economic indicators for the IT services sector are compelling, with the average spend per employee expected to reach around $3,010 in 2024. This reflects the deepening integration of technology in everyday business operations and highlights the importance of IT services. As of 2017, the data processing, hosting, and related services industry had 17,597 establishments and employed around 341,400 workers, making it the backbone of the USA’s IT and technology industry. The most common occupation within this sector is that of software developers and software quality assurance analysts, with 48,050 individuals employed in these roles by 2019, earning an average annual wage of $109,890. Other significant positions include customer service representatives, with 27,030 employees earning an average wage of $39,980, and computer user support specialists, who numbered 18,540 with an average annual wage of $57,390. In terms of company presence, the computer systems design and related services industry leads with 143,598 establishments reported in 2017. This sector is also the largest source of employment in the IT and software subsector, boasting over 2 million employees by the end of 2020. Foreign direct investment in this industry reached an impressive $84.6 billion in 2019, indicating a strong interest from international players.