CompTIA Cyberstates 2020™ reveals tech’s employment and economic impact
Boston – Information technology (IT) employment in Massachusetts grew by more than 11,500 net new jobs in 2019, capping a decade in which the commonwealth’s tech-related labor force expanded by 86,000 workers, according to Cyberstates 2020™, the definitive guide to the U.S. tech industry, occupations and trends published annually by CompTIA, the leading trade association for the global IT industry.
Net tech employment increased by an estimated 11,544 workers in 2019, up 2.7% over 2018 and more jobs than any other industry in Massachusetts added last year.
From 2010 through 2019 tech employment in Massachusetts grew by 24.3%. Tech workers now make up 11.5% of the overall workforce. There are nearly 18,000 tech business establishments in Massachusetts.
The tech industry accounts for an estimated $91.6 billion, or 17.2% of the total Massachusetts economy. It’s the fifth highest dollar amount and the third highest percentage among the 50 states.
“Technology powered job growth and economic gains in the past decade in Massachusetts and across the county while delivering countless benefits in how we work, communicate, create and share,” said Todd Thibodeaux, president and CEO of CompTIA.
“Looking ahead, the need for professionals from all backgrounds to develop, support, and protect these technologies will continue to grow,” Thibodeaux added. “In these trying times it is often difficult to think beyond today, but we must remain committed to preparing the workforce of tomorrow for success in whatever the future may hold.”
Massachusetts ranks eighth nationally in net tech employment and seventh in the total number of jobs added last year.
“The labor market for technology professionals was extremely tight during 2019, with unemployment nationwide at historic lows throughout periods of the year,” said Tim Herbert, executive vice president for research and market intelligence at CompTIA. “This speaks to the broad-based demand for tech talent across regions, industries and employers looking to capitalize on innovation that was once in the realm of science fiction, but increasingly reality.”
In fact, positions in emerging technologies accounted for 23.6% of all tech job postings in Massachusetts last year.
More from Cyberstates 2020
Cyberstates 2020 is based on CompTIA’s analysis of data from the U.S. Bureau of Labor Statistics, U.S. Bureau of Economic Analysis, Economic Modeling Specialists International (EMSI), Burning Glass Technologies, Hoovers and other sources.
Visit https://www.cyberstates.org/ for the latest data on the economic and employment impact of the U.S. tech industry.
The Computing Technology Industry Association (CompTIA) is a leading voice and advocate for the $5.2 trillion global information technology ecosystem; and the estimated 75 million industry and tech professionals who design, implement, manage, and safeguard the technology that powers the world’s economy. Through education, training, certifications, advocacy, philanthropy, and market research, CompTIA is the hub for advancing the tech industry and its workforce. Visit www.comptia.org to learn more.
 Net tech employment is a measure developed by CompTIA to encompass the two components of the tech workforce: employment within the tech industry and tech employment across all other sectors of the economy.
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$1.8 trillion – Estimated direct economic impact of the U.S. tech industry, representing 10.2% of the national economy.
525,500 – Number of tech business establishments in the U.S.
11.8 million – U.S. net tech employment at the end of 2018.
89,500 – Estimated number of new jobs added by the U.S. tech sector through the first eight months of 2019.
6 – Rank of tech in U.S. job creation since 2010 among the top 22 occupation categories.