Idaho Projected to Lead the US in Job Growth in the $950 Billion App Economy

Idaho Projected to Lead the US in Job Growth in the $950 Billion App Economy

WASHINGTON, D.C. - The App Association’s 2018 State of the App Economy report has found that Idaho is projected to lead the US in job growth in the $950 billion app economy. This annual report looks at the all-encompassing app ecosystem that results from software’s integration into new business and consumer platforms.

From The App Association:
Today, apps serve as the driving interface for the connected devices, modern machines, and internet of things (IoT) innovations that enable us to engage with data from all aspects of our lives.

Contrary to the belief that Silicon Valley leads the app economy, the report finds that Idaho contributes more than 8,920 represent the app developers, computer programmers, engineers, and teachers to the 4.7 million-American-strong computing workforce. On average, Idaho’s app economy jobs pay salaries upwards of $73,538, well above the state’s annual average.

The forward-looking report predicts the app economy will add more than 440,000 new jobs to the U.S. workforce over the next six years. The report also predicts that a buzzing tech sector and a growing number of tech companies relocating their offices in Boise, will spur Idaho to lead the nation in adding new, high-paying computing jobs, with Idaho’s app economy workforce poised to grow an astounding 52.24 percent by 2024.

In addition to highlighting more than one hundred innovators in Idaho and across the country driving the app economy, the report identifies three key issues that could challenge America’s leadership role in the future.

Growing employment gap: For every eight available computing jobs, the U.S. produces just one computer science graduate.

Last year, Idaho awarded 343 computer science degrees - a fraction of what’s needed to fill the state’s 1,206 available computing jobs.

Increased funding for apprenticeship programs and computer science education could address this growing issue.

Lack of broadband connectivity: Today, a startling 34 million Americans cannot engage with the app economy because they lack access to broadband.

More than 11.6 percent of Idaho’s population, and nearly one third of the rural population, lacks broadband connectivity, cutting off potential contributors and beneficiaries from the local app economy.

Deployment of 5G infrastructure and technologies like television white spaces could connect Americans and add $200 billion to the economy.

Expensive security challenges: Protecting user data is vital, but cybercrime costs consumers $3 trillion worldwide.

A lack of security protocols and shortage of 285,000 cybersecurity professionals nationwide threaten the U.S. app economy’s potential.

Developers are increasingly building end-to-end encryption, one of the strongest methods to secure data, to secure their users and their future in the app economy.

To read the full report, and the impact of the app economy in Idaho, please click here.
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