Metro area is home to 26,000-plus tech workers, according to CompTIA Cyberstates 2019™
Memphis, Tenn. – Tech-related employment in the Memphis metropolitan held steady in 2018 and the tech sector expanded its contribution to the local economy, according to Cyberstates 2019™, the definitive guide to tech sector and workforce analytics released this week by CompTIA, the leading technology industry association.
Net tech employment in the Memphis market totals an estimated 26,340 workers, or 4 percent of the region’s total workforce.[1]
The tech sector’s contribution to the local economy is estimated at $2.5 billion, equal to about 3.6 percent of the total economy.
Tech occupations in high demand in the market include computer support specialists (+2.6 percent year over year growth) and software and web developers (+1.9 percent)
The median tech occupation wage is $66,994; 77 percent higher than the median wage for all occupations.
“The tech industry touches virtually every community, industry and market, especially when you consider the tens of thousands of knowledge workers who rely on technology to do their jobs,” said Todd Thibodeaux, president and CEO, CompTIA. “While Cyberstates confirms a healthy and promising future, we can’t take it for granted. Industry, government and stakeholders across the tech landscape must continue to work together to ensure an environment where innovation can flourish and the opportunities and benefits made possible by technology are available to all.”
The outlook for future employment growth is positive. The Memphis market saw a 259 percent increase in the number of job postings related to emerging technologies.
Cyberstates projects the Memphis area’s base of tech occupation employment – a subset of net tech employment – will grow by 7.7 percent by 2026.
Cyberstates 2019 (#cyberstates) is based on CompTIA’s analysis of data from the U.S. Bureau of Labor Statistics, the U.S. 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. The full report, with complete national, state and metropolitan level data, is available at https://www.cyberstates.org/.
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About CompTIA
The Computing Technology Industry Association (CompTIA) is a leading voice and advocate for the $5 trillion global information technology ecosystem; and the more than 50 million industry and tech professionals who design, implement, manage, and safeguard the technology that powers the world’s economy. Through education, training, certifications, advocacy, philanthropy, and market research, CompTIA is the hub for advancing the tech industry and its workforce. To learn more visit https://www.comptia.org/.
Contact:
Steven Ostrowski
CompTIA
+1 (630) 678-8468
sostrowski@comptia.org
[1] Net tech employment includes tech company workers in technical and non-technical positions, technical workers in other industries and self-employed technology workers.
Steve Ostrowski
Senior Director, Corporate Communications
(630) 678 - 8468
sostrowski@comptia.org
Roger Hughlett
Director, Corporate Communications
(202) 503 - 3644
rhughlett@comptia.org
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Access Now$2 trillion – Estimated direct economic impact of the U.S. tech industry, representing 8.8% of the national economy.
582,000 – Number of tech business establishments in the U.S.
9.1 million – U.S. net tech employment at the end of 2022.
286,400 – Estimated number of new technology jobs added in the U.S. in 2022.
4.1 million – Number of postings by U.S. employers for tech job openings during 2022.
