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Is The IT Job Market Becoming Saturated In 2017?

Forecast for the IT job market in 2017: will there still be jobs?

24Nov

As an IT professional, chances are you’ve probably heard rumors about the state of the job market. While some say the computer tech market is becoming too saturated and competitive, others say that the industry is now more booming than ever. So what are you to believe?

In this article, we will take a detailed look the computer tech/IT field and determine which, if any, of these rumors are true.

How Has The IT Field Evolved Over Recent Years?

In 1981, IBM introduced the first-ever PC and with it came a brand new field: the computer technology and IT field. At the start of this industry, computers and similar devices were massive with the first portable computer weighing in at a remarkable 24 pounds. It was during this time, too, that IT professionals were often referred to as 'geeks' and 'nerds' in a manner that wasn’t always positive.

However, just as computers and similar technology have undergone substantial advances since their inception, so has the IT field. Today, the field is so vast that IT professionals must focus their skills and expertise on specific areas instead of being jacks-of-all-trades. The enormity of this ever growing field has warranted the creation of dozens of different job titles that have made the market one of the most sought after in the world.

Is There Really A Deficit Of Jobs In The IT Field?

It’s difficult to investigate the allegations of a job deficit in the fields of science, technology, engineering, and math (STEM) without encountering political biases. While many interest groups in the tech industry claim that the U.S. needs more STEM majors to fill increases in job demand, other organizations say that there are currently more trained STEM graduates than there are job openings. In taking a closer look, it appears that both of these arguments hold a bit of truth.

A recent study from Economic Policy Institute found that in computer and information science and technology, U.S. colleges graduate 50 percent more students than are hired into the fields. While some of these students say they were unable to find work in the IT field, more than half of this group say they found better job opportunities outside of IT occupations. In fact, many people who major in a particular field end up pursuing a different job in a separate STEM field all together. Furthermore, unemployment is concentrated into specific areas of the STEM field like information systems, computer science, and mathematics. It is this factor that weighs in on the idea that there are more graduates than there are jobs.

While these statistics may hold some truth, in reality jobs in the IT field continue to be some of the most sought after jobs in the nation. The thing to keep in mind, however, is that IT jobs which may have been prevalent in the past will inevitably change as the field evolves. In fact, out of the 10 fields with the most job openings, Fortune claims that the occupations of software and applications developer, network and computer systems administrator, and web developer as some of the most prevalent.

In summation, while specific areas of the IT industry might becoming more saturated or less popular than they once were, overall job openings in the computer tech market remain plentiful and obtainable. As complex issues related to cyber risks and business compliance continue to emerge, companies will continue to seek knowledgeable IT professionals. As long as you’re prepared to get a job in the IT field, chances are you’ll be able to land the job of your dreams.

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