CompTIA Cyberstates™ 2018 report shows tech sector contributes $36.9 billion to state’s economy
Annapolis, Md. – Technology-related employment in Maryland grew modestly in 2017, according to Cyberstates™ 2018, the definitive annual analysis of the nation’s tech industry published today by CompTIA, the world’s leading technology industry association.
The tech sector is responsible for an estimated 10.9 percent ($36.9 billion) of the overall economy in Maryland, which is home to an estimated 14,840 tech business establishments. The tech industries economic impact in the state is second only to the government sector.
With an estimated 284,600 tech workers, Maryland ranks 16th in net tech employment.[1] Tech workers make up 9.5 percent of the state’s total workforce. The average tech industry wage in Maryland is $109,960. That’s 87 percent higher than the state’s average annual private sector wage of $58,920; and 10th highest in the country.
Maryland’s Cyberstates Innovation Score places the state 13th, down one spot from its 12th place ranking last year. This ranking is based on a state-by-state per capita analysis of new tech patents awarded, tech startups and new tech business establishments.
Maryland saw a 20.1 percent increase from 2016 to 2017 in the number of job postings related to emerging technologies – such as the Internet of Things, smart cities, drones, artificial intelligence, machine learning, virtual reality and augmented reality, and blockchain. While these positions accounted for a small percentage of total tech job postings, it indicates where organizations are headed with the technology investments.
The strongest year-over-year job growth occurred in the category of packaged software (+ 7.7 percent).
Cyberstates 2018 (#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 2017 are subject to change as government data is revised and updated. The complete Cyberstates 2018 report, with complete national, state and metropolitan level data, is available at http://www.cyberstates.org/
About CompTIA
The Computing Technology Industry Association (CompTIA) is a leading voice and advocate for the $4.8 trillion global information technology ecosystem; and the technology professionals who design, implement, manage, and safeguard the technology that powers the global 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 to learn more.
Contact:
Steven Ostrowski
CompTIA
sostrowski@comptia.org
630-678-8468
[1] Net tech employment includes tech industry 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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$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.
