IT Sector to Create 5.8 Million New Jobs by 2013
V3.co.uk (10/05/09) Marshall, Rosalie
The global information technology (IT) sector will create 5.8 million new jobs and 75,000 new businesses over the next four years, according to a new Microsoft study conducted by IDC. The 52 countries that lead the way in IT spending will spend $1.4 trillion by the end of this year and $1.7 trillion by 2013, IDC predicts. The U.K. government views technological innovation as key to the economic recovery of the United Kingdom and has announced a U.K. Innovation Investment Fund to support small tech companies with high growth potential in digital and life sciences, clean technology, and advanced manufacturing. The United Kingdom could create almost 2,500 new businesses and 78,200 new jobs between the end of 2009 and the end of 2013. IDC says most of the companies will be small and locally owned, and they will offer highly skilled, high-quality jobs.