CompTIA Cyberstates™ 2018 report shows tech sector contributes $7.2 billion to state’s economy; state climbs 14 spots in Innovation Score
Frankfort, Ky. – Technology-related employment in Kentucky held steady 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 3.8 percent ($7.2 billion) of the overall economy in Kentucky, which is home to an estimated 5,860 tech business establishments.
With an estimated 94,000 tech workers, Kentucky ranks 29th in net tech employment.[1] Tech workers make up 4.5 percent of the state’s total workforce. The average tech industry wage in Kentucky is $74,020; 65 percent higher than the state’s average annual private sector wage of $44,820.
Kentucky’s Cyberstates Innovation Score places the state 32nd, up from its 46th 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.
Kentucky saw a 30.2 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 categories of packaged software (+ 4.4 percent); R&D, testing and engineering services (+ 3.8 percent); and IT services and custom software service (+ 3.2 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
[email protected]
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
[email protected]
Roger Hughlett
Director, Corporate Communications
(202) 503 - 3644
[email protected]
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Access Now$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.
