Report: Tech growth in Vermont expected to resume after challenging 2020

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Report: Tech growth in Vermont expected to resume after challenging 2020

Mon, 04/05/2021 - 11:19am -- tim
CompTIA Cyberstates 2021 report projects net new tech jobs gains in 48 states this year

Vermont Business Magazine Technology-related employment in Vermont is poised to accelerate in 2021 and could surpass 22,600 workers by year’s end, according to CompTIA, the nonprofit association for the information technology (IT) industry and workforce.

CompTIA’s Cyberstates 2021 report shows that at the end of 2020 net tech employment[1] in Vermont totaled 22,509 workers, 6.8% of the state’s overall workforce. The estimated median wage of $75,828 for tech workers is 71% more than the median wage for all occupations in the state. Vermont is home to more than 2,000 tech businesses and the tech sector has a direct impact of $2.6 billion on the state’s economy, 8.3% of the total.

Job growth this year is expected to be led by companies hiring core IT workers in a variety of roles, including cybersecurity, data scientists, software developers and IT user support specialists. Demand for workers with experience and skills in emerging infrastructure and hardware, artificial intelligence, data, next-gen cybersecurity and other areas of emerging tech will continue to grow as employers across industries pursue digital transformation strategies. Over the past five years, job postings for these types of positions have surged 190%.

“As we look ahead to a rapidly evolving future of work and the ever-expanding digital economy, both immense opportunity and challenges loom,” Tim Herbert, executive vice president for research and market intelligence at CompTIA. “Cyberstates confirms the importance of building resilient workforces and businesses through skills development, robust and secure digital infrastructure, and innovation-minded leadership.” 

Tech Workforce Characteristics

Building on CompTIA’s belief that “there’s a place in tech for everyone” the Cyberstates 2021 report includes an expanded examination of the characteristics of America’s tech workforce, presenting a comparison of the representation of seven primary race and ethnicity groups, as defined by the Bureau of Labor Statistics, within technology occupations and compared to all occupations. The report also includes a diversity index that measures the depth and breadth of diversity in the tech workforce for these seven groups in all 50 states, the District of Columbia and 51 metropolitan markets.

In Vermont women account for 25% of the tech workforce compared to 26% nationally. Hispanics or Latinos make up 1% of the state’s tech workforce (7% nationally) and Blacks or African Americans, 1% (8% nationally).

Cyberstates 2021 offers comprehensive information on the size and scope of the tech industry and workforce at the national, state and metro area-levels, including time-series trending, average wages, business establishments, job postings, innovation and emerging tech metrics. For the interactive online version of Cyberstates 2021 visit www.cyberstates.org.

About CompTIA

The Computing Technology Industry Association (CompTIA) is a leading voice and advocate for the $5 trillion global information technology ecosystem; and the estimated 75 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. Visit www.comptia.org.


[1] Net tech employment, a measure developed by CompTIA, encompasses the two components of the tech workforce: employment within the tech industry and tech employment across all other sectors of the economy.

Source: MONTPELIER, Vt., April 5, 2021 – CompTIA