Project Management Industry Growth

Project Management Industry Growth

Between 2010 and 2020, 15.7 million new project management roles will be created globally, and the project management industry is slated to grow by $6.61 trillion. 

An expected 12% growth in demand for project management professionals will result in almost 6.2 million jobs by 2020. [11]

Business services (2 million jobs) and Manufacturing (630,000 jobs) supported the greatest number of project management roles in 2010. Business services and healthcare are expected to lead job growth between 2010 and 2020. 

The healthcare industry is projected to increase project management roles by 30% — a higher growth rate than any current project intensive industry. [11]

Estimated Project-Oriented Job Openings 2010-2020:

China
8,153,340

 

India
3,975,650

 

US
2,348,830

 

Japan
387,560

 

Brazil
347,820

 

UK
177,120

 

Germany
153,230

 

Canada
120,070

 

Australia
74,900

 

United Arab Emirates
18,000

 

Saudi Arabia
12,670

83% of project organizations reported that they were understaffed at some level. 44% of the reported shortages were for senior-level project managers. 89.4% report that it is either very difficult or somewhat difficult to find senior-level talent.