12 Mar 2025 
Contents
The US economy and IT services sector are two of the most influential forces driving global growth and technological advancement. As the fourth-largest country in the world by area, it is home to an exceptionally diverse population, largely shaped by decades of immigration. This diversity is reflected in the nation’s economy and technological sectors, particularly in IT services, which have become an integral part of its economic engine.
The US as an Economy
The US residents, making up less than 5% of the global population, generate and earn over 20% of the world’s total income. As the largest national economy and a leading global trader.2
The United States ranks as the world’s leading economic power, measured by gross domestic product (GDP). Its wealth stems partly from abundant natural resources and substantial agricultural output but is largely driven by a highly advanced industrial sector. Despite significant economic self-sufficiency, the U.S. plays a pivotal role in global trade due to the vast size of its economy. Its exports and imports account for substantial portions of global trade, and it serves as both a key source and destination for investment capital. The U.S. maintains a highly diversified economy, supporting one of the world’s highest standards of living for its population.3
The economy of the USA at a glance
 |
Gross Domestic Product | Data (Year) |
| Annual GDP | USD 27.8 Trillion (2023) | |
| GDP Per Capita | USD 82,770 (2023) | |
| Income Category | High Income (2025) | |
 |
People | Data (Year) |
| Population | 347 Million (2025) | |
| Literacy Rate | 99% (2024) | |
 |
IT Sector | Data (Year) |
| IT Services Market Size | USD 491 Billion (2025) | |
| ICT Exports’ Contribution to GDP | USD 214 (2025) | |
| Number of Registered Software Companies | 585,000+ (2023) | |
 |
Business Environment | Data (Year) |
| Ease of Doing Business | Score: 84 | Rank: 6 (2020) | |
| Political Stability and Absence of Violence/Terrorism | Percentile Rank: 47 (2023) | |
| Corruptions Perceptions Index | Score: 69/100 | Rank: 24/180 (2023) |
The Software Development and IT Services Market in the USA
IT outsourcing in the US is experiencing rapid transformation, fueled by workforce trends and technological advancements. The Bureau of Labor Statistics predicts a 31% growth in IT employment by 2026, adding approximately 255,400 new jobs. This surge reflects increasing demand for specialized IT skills across industries. Notably, the financial sector has embraced digital transformation, with 91% of banks adopting Software-as-a-Service (SaaS) solutions, according to the American Bankers Association.
The United States IT services market is projected to grow from USD 490.86 billion in 2025 to USD 671.57 billion by 2030, reflecting a compound annual growth rate (CAGR) of 6.47% over the forecast period (2025-2030).4
The Bureau of Labor Statistics predicts a 25% rise in demand for software developers, quality assurance analysts, and testers by 2031, fueled by the growth of software development in artificial intelligence, the Internet of Things, robotics, and automation.
IT Outsourcing Market in the US
The US IT outsourcing market is growing expeditiously. Revenue is expected to reach $213.60 billion by 2025 and $290.30 billion by 2029, with an annual growth rate of 8.5%.5 This highlights the country’s strong position in the global IT industry.
More businesses are outsourcing IT tasks to specialized providers. Consequently, allowing them to focus on growth. Common outsourced services include IT support, quality assurance, product upgrades, maintenance, data entry, and infrastructure management.
Application outsourcing makes up 33% of the US IT outsourcing market in 2024, generating $57.7 billion in revenue. The demand for cost-effective software development drives this trend, especially in retail, healthcare, and financial services. Many US companies turn to offshore experts to speed up delivery and cut costs, while onshore and nearshore outsourcing improve communication.
Large enterprises hold 61% of the market due to their complex IT needs. They rely on outsourcing for backend support, infrastructure updates, and cloud migration while shifting from capital expenses (CAPEX) to operating expenses (OPEX).
Meanwhile, small and medium enterprises (SMEs) are increasing their use of IT outsourcing, with expected growth of 4% between 2024 and 2029. This trend is strong in retail and e-commerce, where SMEs need advanced IT support but have limited budgets.
The banking, financial services, and insurance (BFSI) sector leads the market with a 28% share, driven by digital transformation and fintech innovation. Healthcare is the fastest-growing sector, leveraging AI, machine learning, and IoT for better efficiency. Other industries, such as manufacturing, telecom, retail, government, and energy, are also expanding through digital transformation.
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Discover CompaniesTop Software Development and IT Employers in USA
We have sorted a list of top companies that employ the highest number of IT professionals in the United States. We have analyzed publicly available information on IT companies and sorted a list of the top 10 firms based on employee count in the USA. While our emphasis was on employee quantity, it’s worth recognizing that certain companies, although esteemed for their quality in the market, may not appear on or rank highly in the list due to their smaller employee size.
| Company | Total Employees | No. of Employees in USA | % of Employees in USA |
|---|---|---|---|
| Amazon | 700,950 | 275,075 | 39.2% |
| 302,880 | 110,700 | 36.5% | |
| Microsoft | 244,180 | 100,320 | 41.1% |
| Apple | 165,935 | 89,560 | 54.0% |
| IBM | 315,890 | 75,185 | 23.8% |
| Oracle | 199,750 | 73,670 | 36.9% |
| Amazon Web Services (AWS) | 137,250 | 68,145 | 49.7% |
| Meta | 121,760 | 63,370 | 52.0% |
| Accenture | 614,700 | 62,960 | 10.2% |
| DoorDash | 62,740 | 57,390 | 91.5% |
Software Industry Associations in the US
The following are the five key industry associations in the United States that represent and advocate for the technology, software, and digital content sectors. These organizations play pivotal roles in fostering innovation, shaping policies, promoting intellectual property protection, and advancing workforce development. By uniting industry leaders, policymakers, and stakeholders, these associations support a thriving global tech ecosystem and drive economic growth in the digital era.
Business Software Alliance
The Business Software Alliance is a global trade association representing leading companies in the enterprise software industry, specializing in artificial intelligence, cybersecurity, cloud computing, and other advanced technologies supporting IT outsourcing in the US. Operating in over 20 markets across the US, Europe, and Asia, BSA advocates for policies that foster trust in technology, benefiting industries and the public. It also promotes awareness of unlicensed software risks, emphasizes the advantages of software asset management, and supports global license compliance and software adoption through effective IT procurement.
Information Technology Industry Council (ITI)
The Information Technology Industry Council (ITI) is a leading global advocate for technology, representing the most innovative companies worldwide. ITI’s Washington, D.C.-based advocacy and policy teams provide U.S. policymakers and member companies with clear, high-level legislative support, ensuring that proposed laws and regulations foster growth and innovation in the technology sector and IT outsourcing in the US.
At the state and local levels, ITI collaborates with member companies, governments, and stakeholders to drive policy reforms. Its public sector professionals advocate for policies that empower state and local governments to serve citizens effectively, enhance national security, and secure funding for IT acquisition, innovation, modernization, and cybersecurity, complementing the efforts of its U.S. advocacy and policy teams.
Software & Information Industry Association (SIIA)
The Software & Information Industry Association (SIIA) is the leading trade association for the software and digital content industry. It offers global services in government relations, business development, corporate education, and intellectual property protection. SIIA’s mission is to promote the industry’s interests, safeguard intellectual property, advocate for favorable regulations, and provide insights on trends, technologies, and policies shaping the digital economy.
Computing Technology Industry Association (CompTIA)
The Computing Technology Industry Association (CompTIA) is a global advocate for the $5 trillion IT ecosystem and its 75 million professionals. Through certifications, education, training, and market research, CompTIA promotes workforce development, innovation, and industry growth. As a vendor-neutral organization, it connects a diverse community of tech professionals and companies, fostering opportunity and advancing technology worldwide with over 2.5 million certifications awarded.
The App Association
The App Association is a global trade group representing small and medium-sized tech companies in the app ecosystem. It supports members worldwide by promoting innovation-friendly policies, providing resources for growth, and addressing industry challenges. Advocating for the $28 trillion digital marketplace encompassing mobile and cloud technologies, it bridges policymakers and entrepreneurs through education, briefings, and testimony on emerging technologies and industry requirements.
Reputed Institutions for Higher Education in IT in the US
Here is a list of top universities in the United States, ranked according to their research performance in Computer Science. The rankings are based on data from 1,576 U.S. universities, which received 328 million citations from 9.61 million academic papers. These publications were rated and adjusted for release dates to determine the final scores.6
Please note that the alumni in engineering roles may include other engineering domains other than computer science or software engineering since we have taken the filtered count from their LinkedIn pages.
| Institution | Rank in the USA | Total Alumni | No. of Alumni in IT & Engineering Roles | % of Alumni in IT & Engineering Roles |
|---|---|---|---|---|
| Harvard University | 1 | 609,866 | 31,372 | 5.1% |
| Stanford University | 2 | 318,748 | 50,618 | 15.9% |
| University of Michigan – Ann Arbor | 3 | 363,823 | 55,167 | 15.2% |
| Cornell University | 4 | 341,650 | 42,840 | 12.5% |
| University of California – Berkeley | 5 | 476,420 | 69,062 | 14.5% |
| Massachusetts Institute of Technology | 6 | 232,894 | 47,639 | 20.5% |
| Columbia University | 7 | 263,248 | 31,990 | 12.2% |
| University of Washington – Seattle | 8 | 373,519 | 62,865 | 16.8% |
| Johns Hopkins University | 9 | 138,142 | 24,627 | 17.8% |
| University of California – Los Angeles | 10 | 548,245 | 51,153 | 9.3% |
Conclusion
The United States stands as a global powerhouse in economy, technology, and innovation, driving advancements across industries and fostering worldwide progress. Its diverse population and robust infrastructure create a thriving environment for economic growth and technological breakthroughs. With a dynamic IT sector, influential software industry associations, and a focus on digital transformation, the U.S. continues to lead in shaping the future of global innovation and economic development.
If you’re looking to outsource in the US and tap into its thriving IT sector, let us help you connect with the best companies through Enosis Outsourcing. Contact us today to learn more and explore the opportunities the US has to offer!
References
[1] United States|History, Map, Flag, & Population|Britannica ↩
[2] Economy & Trade|United States Trade Representative ↩
[3] United States-Federalism, Local Laws, Elections|Britannica ↩
[4] United States (US) IT Services Market Size, Share, Growth, Analysis & Trends ↩
[5] IT Outsourcing-United States|Statista Market Forecast ↩
[6] 100+ Best Computer Science Schools in the US [2024 Rankings] ↩
