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How Severe Is The Global Shortage of Software Developers?

Developer

The global shortage of developer is severe. As we transition to a post-pandemic world, many industries are facing critical staff shortages. The tech sector is among the most severely affected industries.  

The demand for workers in the tech sector has rapidly grown in recent years. In 2021, the gap between supply and demand exceeded 40 million skilled workers. U.S Bureau of Labor Statistics estimates that by 2030 the global developer shortage will be 85.2 million workers, putting companies worldwide at risk of losing more than $8.4 trillion in company revenue. 

developer
A survey conducted by McKinsey & Company

McKinsey & Company reviewed a wide range of business sectors facing the most critical skills gaps. Unsurprisingly, the top two business areas represent the software sector, with respondents highlighting Data Analytics (43%) and IT, Mobile, and Web Design and Management (26%) as the most crucial.

To make matters worse, Ukraine is home to over 200,000 software developers that have been drastically impacted by recent geopolitical events. Sweden alone has a deficit of approximately 70,000 skilled digital workers. Covid-linked border closures have made it nearly impossible for Australian companies to bring in skilled IT workers, and there are only 7,000 software graduates to fill an estimated 60,000 positions. Australia’s demand for skilled IT workers is growing four times faster than broader labor force numbers. By 2025, Australia needs 156,000 new developers to keep pace with the rapid transformation of businesses and economic growth.

Our team at Trienpont International provides skilled Front End Developers, Back End Developers, Full Stack Developers and the technical Project Managers to help your business. 

We are here to serve you. Feel free to reach out to  one of our consultants and start to turn your digital dream into technical reality today.