The US Software Industry: $1tn and 10mn jobs

By Pouyan Broukhim

Software.org, an independent arm of the BSA Foundation, has revealed that the US software industry contributed a total of $1.14tn, either directly or indirectly, to the country’s economy last year, calculated in terms of total value-added gross domestic product.

The software market is ever growing, and one that employs 2.9mn US workers, supporting 10.5mn jobs in total, according to Software.org’s statistics.

Direct employment in the software sector has grown as much as 14.6% since 2014, whilst overall US employment grew at a much slower rate throughout the same period between 2014 – 2016, up 3.9%.

See also:

The demand for software talent is also a major power in consumer spending, with the average US wage for software developers at over $100,000, more than two times the annual wage, recorded at $49,630 in 2016.

Additionally, sector growth has been countrywide, with unexpected areas such as Idaho and North Carolina experiencing the most rapid increases, both with value-added GDP from the software industry up as much as 40%.

California remains the tech-hub of the country, largely thanks to Silicon-Valley, contributing as much as $124.7bn, followed by New York with $49.1bn and Texas, the home of Dell, IBM and Microsoft, with $37.2bn.

Share
Share

Featured Articles

Amelia DeLuca, CSO at Delta Air Lines on Female Leadership

Driving decarbonisation at Delta Air Lines, Chief Sustainability Officer Amelia DeLuca discusses the rise of the CSO and value of more women in leadership

Liz Elting – Driving Equality & Building Billion-$ Business

Founder and CEO Liz Elting Turned Her Passion into Purpose and Created a Billion-Dollar Business While Fighting for Workplace Equality – and Winning

JPMorgan Chase: Committed to supporting the next generation

JPMorgan has unveiled a host of new and expanded philanthropic activities totalling US$3.5 million to support the development of apprenticeship programmes

How efficient digital ecosystems became business critical

Technology & AI

Mastercard: Supporting clients at a time of rapid evolution

Digital Strategy

Why Ceridian has boldly rebranded to Dayforce

Human Capital