Technology sector to drive economic recovery, study says

Technology sector to drive economic recovery, study says

This may be a great time to enroll in an online degree in information technology, as a new study has found the sector will spearhead the recovery and offer rewarding careers opportunities.

In fact, International Data Corporation and Microsoft have released the results of global research which suggests the IT industry will create 5.8 million new jobs and more than 75,000 new businesses over the next four years.

"In this fundamental economic reset, innovative technologies will play a vital role in driving productivity gains and enabling the creation of new local businesses and highly skilled jobs that fuel economic recovery and support sustainable economic growth," says Steve Ballmer, CEO of Microsoft.

"Countries that foster innovation and invest in infrastructure, education and skills development for their citizens will have a major competitive advantage in the global marketplace," he adds.

The survey further found that software will drive industry growth and cloud services could add $800 billion in net new business revenues between 2009 and 2013.

Demand for computer and information systems managers is projected to grow by 16 percent until at least 2016, with median annual earnings exceeding $101,000.