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Telecom and BFSI sectors are major recruiters for Software Developers

Published date : Apr-2019

The software engineers/developers/DevOps segment will continue to witness a rise in revenue for the IT staffing market in the US in the coming years


Arizton’s recent market research report on the IT staffing market in the US identifies TEKsystems (Allegis Group), ASGN Incorporated, Insight Global, Randstad, and Kforce as the leading vendors that are likely to dominate the market during the forecast period. The market study includes insights on market segmentation by skillsets (software engineers, developers/DevOps, project managers, business/system analysts, helpdesk/technical support professionals, software architects, QA& software testers, networking and  security experts, data analytics and cloud computing scientists, and mobile application developers), end-user (tech/telecom, BFSI, healthcare, and manufacturing) and others (pharma/biotech/medical devices, government, public administration, retail, energy, transportation, and warehousing).

The IT staffing market in the US is expected to reach around $39 billion by 2024, growing at a CAGR of 3% during 2018–2024.

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Software developers are approached three-times more than other professional by recruiters

The software engineers/developers/DevOps segment is the most trending and revenue generating skillset, boosting IT staffing market in the US. Software professionals are the backbone of the IT staffing market in the US, which makes IT staffing services a lucrative business for recruitment firms. Generally, a software developer is approached three times more than other any other professional by recruiters in the industry. The average annual increment in the salary of a developer is around 13%. Washington DC, Virginia, and Marland are the leading three states in the US with the highest percentage of software developers. The software engineers/developers/DevOps segment will continue to witness a rise in revenue for the IT staffing market in the US in the coming years, followed by the project management and business/systems analyst segments.

The adoption of new technology has driven the demand for skilled IT professionals

Telecom/Tech and BFSI sectors have emerged as the largest end-users in the IT staffing market in the US. Telecom companies are consistently shifting their focus toward devising business models for capitalizing 5G and other possible opportunities. Thus, growth opportunities for telecom operators prevail in expanding the current portfolio via investments in IoT, 5G, and other cross-industry associations such as mPayment and mHealth.

The BFSI sector is witnessing a shift toward digitalization. With the continuous increase in consumer data and financial services, banks, , the sector is focusing on launching new financial products and offerings based on the insights generated from the data. Tester, business analyst, cloud computing, cybersecurity specialists, and data analytics are some of the desired key designations for IT professionals, hence the IT staffing market in the US is flourishing.

Prominent vendors in the IT staffing market in US are Acro ServicesCorp., Alku, American Cybersystems, Artech Information Systems, Beacon Hills Staffing, BG Staffing, Collabera, Compunnel Software Group, Consulting Solutions International, Digital Intelligence Systems, Diversant, Experis, Modis, Mastech Digital, Matrix Resources, Midilance, NTT Data, Optomi, Robert Half International, Rose International, Signature Consultants, System One, Vaco, VincentBenjamin, and vTech Solutions.

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The complete overview of the latest market research report on the IT staffing market in the US by Arizton is now available.

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