3,700-Plus New Jobs in 2018 Coupled with Growing Economic Impact, According to Comptia Cyberstates 2019 Report
Technology-related employment in Maryland grew by more than 3,700 new jobs in 2018 and the tech sector increased its contribution to the state’s economy, according to Cyberstates 2019, the definitive guide to national, state and metropolitan area tech sector and tech workforce analytics published annually by CompTIA, the leading technology industry association.
Net tech employment grew by an estimated 3,725 jobs in 2018, a 1.3 percent increase over 2017. Since 2010 net tech employment has grown by more than 20,000 new jobs. With nearly 289,000 workers, tech accounts for approximately 10.2 percent of Maryland’s workforce.
The tech sector has an estimated direct economic impact of $41.7 billion, or about 11.7 percent of Maryland’s total economy.
“Clearly the broad-based impact of the tech industry touches virtually every community, industry and market across Maryland, especially when you consider the thousands of knowledge workers who rely on technology to do their jobs,” said Todd Thibodeaux, president and CEO, CompTIA.
The outlook for future employment growth remains positive. Maryland saw a 53 percent increase in the number of job postings related to emerging technologies, such as the Internet of Things, smart cities, drones, artificial intelligence, virtual and augmented reality and blockchain.
Cyberstates projects the base of tech occupation employment – a subset of net tech employment will grow by 6.2 percent in Maryland by 2026. Retirements will add even more pressure to meet the need for tech talent.
“The findings attest to a tech labor market that will remain tight as employers balance short-term needs with an eye towards the future,” said Tim Herbert, senior vice president for research and market intelligence at CompTIA. “As digital-human models begin to unfold, employers and employees alike will face new challenges – and opportunities, in shaping the workforce of tomorrow.”
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More from Cyberstates
- Maryland ranks 16th nationwide in net tech employment; 23rd in net tech jobs added last year; and 14th in the Cyberstates Innovation Score, based on venture capital investments, tech startups and new business formations and other factors.
- Tech occupations with year over year growth in Maryland included computer system and cybersecurity analysts (+3.2 percent); software and web developers (+1.3 percent); and network architects, administrators and support specialists (+1.2 percent).
- The median tech occupation wage in Maryland is $95,921; 93 percent higher than the median wage for all occupations in the state.
Cyberstates 2019 (#cyberstates) is based on CompTIA’s analysis of data from the US Bureau of Labor Statistics, the US Bureau of Economic Analysis, EMSI, Burning Glass Technologies Labor Insights, and other sources. Estimates for 2018 are subject to change as government data is revised and updated.
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