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2018 IT Industry Outlook Identifies 12 Trends to Watch For

CompTIA released their 2018 IT Industry Outlook, revealing the trends and challenges expected for the tech market this year.

2018 IT Industry Outlook Identifies 12 Trends to Watch For

This report projects 5% growth across the global tech sector and that global IT spending will top $4.8 trillion in 2018, with the U.S. accounting for 31% of that total ($1.5 trillion). 

“Beyond strong economic fundamentals, the growth story revolves around the spending associated with companies entering new phases of digital transformation,” said Tim Herbert, CompTIA’s senior vice president for research and market intelligence. “Cloud-based solutions are fast becoming the norm rather than the exception; and the Internet of Things is rapidly expanding its footprint across the economy.”

Among employers who are hiring, more than half indicate it’s due to expansion, while a similar percentage indicate the need for new skills in areas such as software development, IoT, or data is driving the hiring at their firm. Thirty-four percent acknowledge the hires are replacements for workers that voluntarily or involuntarily left the company.

Here are some of the highlights from the report:

Top 5 Factors Contributing to a More Challenging Hiring Landscape in 2018 

  1. Competing with other tech firms for talent
  2. Finding workers with the right soft skills
  3. Finding workers with expertise in emerging tech fields
  4. Rising salary expectations
  5. Insufficient pool of talent in region / locale

12 Trends to Watch in 2018

  1. The Democratization of Technology Leads to Breakthrough Models
  2. Cloud Enters New Phase of Maturity
  3. Internet of Things Expands Technology Footprints
  4. Artificial Intelligence Adds a New Layer to the Solution Stack
  5. Businesses Adjust to the New Normal of Security
  6. Growing Up: Tech May No Longer be Given the Benefit of the Doubt
  7. The Insights Economy Comes Into Focus
  8. Businesses Race to Upgrade Digital Expertise in the Boardroom
  9. ‘New Collar’ Jobs Mindset Gains Momentum, but Challenges Persist
  10. Online Marketplace: Friend or Foe of the Channel
  11. Subscription Pricing Gets Harder to Figure Out
  12. Primed and Ready for the As-a-Service World

10 Emerging Job Roles to Watch

  1. Machine learning trainer / scientist
  2. AI developer
  3. Industrial IoT engineer
  4. Geospatial and mapping specialist
  5. Blockchain developer / engineer
  6. Digital designer
  7. Cybersecurity architect
  8. Penetration tester
  9. User experience (UX) designer
  10. Solutions architect

Competing with other firms for talent is the top challenge for hiring in 2018 - so it's important now more than ever to partner with the right firm for your talent needs.

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