The Information Technology (IT) industry is one of the most essential and rapidly expanding industries in the US. It has become a major contributor to the country’s overall economic growth, and its impact on the job market is unmistakable. This article examines the size of the IT industry in the US, its current trends, and its potential for future growth.
The IT industry is composed of a broad range of companies, organizations, and individuals who specialize in the development, implementation, and maintenance of computer software and hardware systems. This sector includes businesses that develop software applications, design computer networks, create and manage websites, provide IT consulting services, and manufacture hardware components.
According to the US Bureau of Labor Statistics, the IT industry in the US employed more than 6.7 million people in 2019 and its total output in 2018 was estimated at $1.8 trillion. This makes the IT industry the second-largest employer in the US and the second-largest contributor to GDP, behind only the healthcare sector.
California, Texas, New York, and Florida are the four states with the largest number of IT jobs. These states account for more than one-third of