New IT Jobs will be in emerging markets
By 2025 nearly half – 46 percent – of all Fortune Global 500 corporations will hail from countries like China and others that either recently arrived on the scene or are just now starting to develop. In 2010, only 17 percent came from “emerging” countries, up from a mere 5 percent in 2000.
Emerging markets are changing where and how the world does business. For the last three decades, they have been a source of low-cost but increasingly skilled labor. Their fast-growing cities are filled with millions of new and increasingly prosperous consumers, who provide a new growth market for global corporations at a time when much of the developed world faces slower growth as a result of aging. But the number of large companies from the emerging world will rise as well. This powerful wave of new companies could profoundly alter long-established competitive dynamics around the world and where new IT jobs will be created.
While 75 percent of the world’s 8,000 companies that exceed $1 billion in revenue today come from developed economies, 70 percent of the 7,000 that will join that club over the next decade will come from emerging markets.