Global technology, media, and telecommunications sector labor shortage, 2020-2030F (Millions of Workers)
Korn Ferry
01 Feb 2023
The global technology, media, and telecommunications sector is projected to face a shortage of 4.3 million workers and an unrealized economic output of $450 billion by 2030. While technology is expected to improve productivity across industries, companies may find difficulty in finding digital talent to keep up with consumer demand. Tech giants such as Amazon, Apple, and Google have taken steps to upskill millions of workers, but unless this demand for highly skilled workers is met, the projected labor shortage could hinder technological progress and the accompanying economic growth.
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