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AWS Global Digital Skills Study | The economic benefits of a tech-savvy workforce AWS Global Digital Skills Study | The economic benefits of a tech-savvy workforce Detailed Findings Growth in the technology sector has exploded in the early 21st century. In the United States, the data processing, internet publishing and information services industry grew fivefold from 2000 to 2021, and over that same period, the four information technology-heavy sectors increased from 2% of U.S. GDP to 8%. 3 Likewise, information technology companies are overrepresented among the fastest-growing businesses in Europe and Asia. 4,5 This growth is likely to continue over the next decade: According to the Bureau of Labor Statistics (BLS), computer and mathematical occupations in the U.S. are projected to be among the fastest growing groups of occupations between 2021 and 2031 due to "expected strong demand for IT services…expected robust growth in data — in part related to Internet of Things (IoT) and the connectivity of consumer products and industrial machinery — and demand for data to be collected and analyzed." 6 These employment projections estimate that software developers will be the third-fastest growing occupation over the next decade. 3 Source: Gallup analysis of data from the U.S. Bureau of Economic Analysis, "Real Value Added by Industry." The four sectors are computer equipment manufacturing; data processing, internet publishing, and other information services; software and other publishing; and computer systems design. 4 Kelly, M. (2021, March 1). FT 1000: the fifth annual list of Europe's fastest-growing companies. Financial Times. https://www.ft.com/content/8b37a92b-15e6- 4b9c-8427-315a8b5f4332 5 Bell, A. (2022, March 16). FT ranking: Asia-Pacific High-Growth Companies 2022. Financial Times. https://www.ft.com/high-growth-asia-pacific-ranking-2022 6 Employment Projections: 2021-2031 Summary. (n.d.). U.S. Bureau of Labor Statistics. https://www.bls.gov/news.release/ecopro.nr0.htm To quantify how accelerating digitization will affect businesses and workers — and how they may not only contend with its future challenges but also benefit from it — Gallup gathered feedback from more than 30,000 working adults and 9,000 employers across 19 countries. Copyright © 2022 Gallup, Inc. All rights reserved. AWS_dsrprt_092922_kr 4