As humankind evolved, there was a growing need to develop different aspects of our lives. Tech continues to answer that need through several brilliant innovations. That you are reading this is, in fact, one out of a million testimonies of how far we have come from the pre-modern age.
Critical analysis of the trend shows that software technology was a crucial driving force to produce such results. Being the centerpiece of modern development, there is an increasing demand for skilled software developers.
Projections from the US Bureau of Labor and Statistics predict about a 22 percent rise in the demand for software developers within this decade, which translates to over 400,000 job opportunities. Unfortunately, experts continue to lament the skills gap in the tech industry, especially in the post-pandemic era.
Several businesses had to develop a new and effective way of operation, spurring the rising degree of digitization. Daxx reports that 92 percent of companies increased their cloud workloads as they prepared for the post-pandemic era.
Such a wide margin did not, however, come with a corresponding rise in job-ready developers. Instead, McKinsey & Company reports that about 26 percent of organizations agree that there is a significant skills gap in the current labor force in software development and other related fields.
Furthermore, ManpowerGroup says that 69 percent of US employers struggle with hiring and retaining talents as tech positions are often hard to fill. Promineo Tech aims to connect students with local colleges and universities to skill and train a competitive new workforce to solve that problem by training people to become job-ready software developers in a matter of weeks.
Partnering with about 30 local colleges in 25 states in the US, Promineo Tech offers tech bootcamps to make tech education more accessible and affordable to all.Learn more about Promineo Tech here.
Overview of the IT Industry: Growth, Trends, and Forecasts
Over the last two decades, the IT industry has recorded consistent and significant growth in terms of industry revenue, employment opportunities, general acceptance, and unique innovations. From its first major breakout in the early ‘90s till date, the Information Technology (IT) industry maintains an upward growth trend despite several eras of general economic setbacks.
The early 2000s proved the most challenging with major highlights like the dot-com bust and the great recession. Despite those, the tech kept expanding in terms of investments, revenue, and demand and by the end of 2010, it recorded 4.6 percent annual growth in GDP.
Altogether, a more expansive view of the industry’s growth chart shows a long-term uptrend from 1990 to 2010, though with some obvious regressions. According to the Bureau of Labor and Statistics, businesses’ rising demands for software development solutions significantly influenced the trend.
The Tech Industry in the Post-Pandemic Era
From 2010 until now, the IT industry has experienced rapid growth. Slowly and steadily, digital infrastructure became a key metric when discussing economic and security stability.
Over the last decade, the tech space produced several crucial innovations; 4G became the new Internet standard and AI and big data technology became increasingly popular. Likewise, cloud computing birthed X-as-a-Service businesses. More precisely, the IT industry produced a combined 295 percent growth in GDP between 2010 and 2020.
However, just before the turn of the new decade, the COVID-19 pandemic posed another threat to the global workspace and, consequently, the IT industry. The International Labor Organization reports the loss of about 8.8 percent of global working hours in the fourth quarter of 2019. That translates to about 255 million full-time jobs.
Despite the general threat that COVID-19 posed to the economy, the IT industry remained resilient. Many businesses began to integrate into online delivery, and 30 percent of the US workforce is expected to do remote work “frequently” by the end of 2021. That, plus the aggressively advancing technology and customer taste, influenced the rising demand for skilled tech workers.
Looking into the future, predictions say that the number of software developers in the world will grow to 27.7 million by 2023 and 28.7 million in 2024. Likewise, the big data and data engineering services market is estimated to grow at a compound annual growth rate of 18 percent during the forecast year from 2021 to 2027.
How Promineo Tech Bootcamps Close the Skills Gap Through Quality Tech Education
Despite the growing demand for IT professionals, there are millions of unfilled positions around the world. That is surprising, even, as the field offers several high-paying jobs. At the time of writing, PayScale reports that the average salary for entry-level web developers is $60,272. That figure increases as you go up the scale from a newbie to an expert web developer.
Promineo Tech, an education-as-a-service provider, partners with colleges to help bridge the skills gap and make technology education affordable, accessible, and low-risk so students get the chance to improve their lives through learning. Through these partnerships, people are trained to qualify for jobs in the tech industry.
The College Bootcamps supported by Promineo Tech focus on bringing tech education to the locality of the students. They operate with a mission to give quality education to communities—large and small—across the United States.
So far, Promineo Tech has partnered with 30 schools spread across 25 different states in the US. These institutions offer hands-on training to students in front end and back end software development and big data engineering.
Front End Development Bootcamp
In this course, students learn to create attractive components on software or websites and provide functionality when a user interacts with them. They also learn how to interact with back end applications and display data in an aesthetically pleasing form.
Back End Development Bootcamp
The 18-week back end development program trains people to build solid web servers for several applications and software. Using programming languages like Java, SQL, REST, and JPA, students learn to receive requests from a front end application, process the request, read and write to a database, and respond to requests from other applications.
Big Data Engineering Bootcamp
The data engineering program introduces technically-inclined students to the technologies and methodologies used by real-world data engineers. The program is fast-paced, running from 18 to 26 weeks, and covers various technologies, including Python programming, Hadoop, and cloud-based services in Amazon Web Services (AWS).
Students also learn methods such as data wrangling, munging, ingesting, and modeling for analytics. By the end of the program, students are well-equipped for an entry-level position as a data engineer, Python programmer, or business intelligence developer.
The program comes with several prerequisites. To qualify, you must:
- Possess technical aptitude
- Be a logical thinker
- Be comfortable with OS file system concepts
- Have some experience with downloading and installing software
- Have some experience with data connections in Excel or other applications
- Have some experience with creating macros and functions in Excel or other application
- Have some exposure to programming, although it is not compulsory
Upon graduation, students can work as front end developers, back end developers, or data engineers.
Gear Up for the Next Decade of Tech Growth with Promineo Tech Bootcamps
The tech industry shows no signs of slowing down. With the introduction of 5G and advancements in AI, the industry is likely to boost local economies by 21 percent by 2030. This rising trend in tech suggests the need for a more tech-literate workforce, which, in turn, suggests a need for people to skill up.
Aside from job security of the future, these tech fields offer quite lucrative pay now. A report from the US Bureau of Labor and Statistics shows that software developers, for example, have a median salary value of $110,140.
With those facts in view, getting adequate tech training can be a good way to gear up for the future—and that is where Promineo Tech comes in. Partnering with several colleges around the country to organize tech bootcamps, Promineo Tech provides an opportunity for everyone to upskill in tech, irrespective of their background, at affordable rates and within a short amount of time.
Take it from Gary Coleman, a happy graduate who found his time at a Promineo Tech college bootcamp highly worthwhile. “I have looked at a lot of bootcamp options and nothing impressed me as much as Promineo Tech. I have also [earned] a Bachelor’s and an additional Associate’s/Certification in the health field. Yet this school has been my best learning experience—especially when I think about how it paves the way for future employment and income.”
Visit the website to learn more about Promineo Tech, its educational partners, and how their programs can help you ride the next waves of tech growth.
About us: Career Karma is a platform designed to help job seekers find, research, and connect with job training programs to advance their careers. Learn about the CK publication.