Growth of the Project Management Profession
International Growth of the Project Management Professional
Between 2010 and 2020, 15.7 million new project management roles will be created globally across seven project intensive industries. Along with job growth, there will be significant increase in the economic footprint of thee profession; the project management profession is slated to grow by USD $6.61 trillion. This enormous anticipated growth, along with higher-than average salaries, will make the next seven years an opportune time for professionals and job seekers to build management skills
15.7 million New Project management roles will be added
Globally across seven project-intensive industries by 2020.
Expanding job markets. In 10 countries with established or quickly developing project management industries, project management roles are expected to increase by over 13.4 million between 2010 and 2020, to over 41.5 million. In addition, between 2010 and 2020 the economic output of the profession in these 10 countries will increase by over USD$5 trillion to USD$12.37 trillion.
China and India will lead the growth in project management, generating approximately 8.1 million and 4 million project management roles through 2020, respectively.
Increasing demand. Total employment for project managers will increase in nine of the 10 countries, Germany being the exception. In fact, employment will increase by almost 60 percent in India, more than 33 percent in China and by more than 40 percent in the United Arab Emirates.
Improving GDP. GDP – the standard measure by which we understand economic growth – will increase across all ten countries between 2010 and 2020. Among those showing the strongest expected improvements are China and India, each with over 140 percent growth – extraordinary data that only underscores the potential of project management to drive economic prosperity worldwide.
Countries with established or quickly developing project management industries
Projected new job demand for project management roles by 2020
Saudi Arabia 103,616