eCommerce majors are expected to become the top-paying careers in the U.S. in 2018, according to a new study by career analytics firm CareerBuilder.
The job market for eCommerce professionals will grow by 11.2% to $6.9 trillion over the next 10 years, according the report.
Consequently, the number of eCommerce and technology jobs will more than double to approximately 4.6 million over the same time frame, CareerBuilder said.
The study also found that eCommerce jobs are forecast to increase by 15% over the past five years, driven largely by a growing tech sector, which is forecast to account for more than half of all jobs in 2019.
Job seekers will spend more than $1.7 trillion on eCommerce-related goods and services over the coming years, the report said.
Jobseekers will spend $2.9 billion on technology-related jobs over the last 10 years.
The average cost of a tech job in 2019 is $64,846, up from $54,876 in 2020, according CareerBuilder’s analysis.
That compares with an average cost for ecommerce jobs in 2020 of $52,849, according data from Dice.
Job growth for e commerce is forecast at a faster rate than the overall U. S. economy, as eCommerce is forecast by CareerBuilder to account at least 10% of all new jobs in the next five years.
In fact, the average cost to create a tech company in the past decade was $7.1 million, according Dice, a company that tracks and tracks industries for tech employers.
For the next decade, job growth for the ecommerce sector will likely increase by 10% annually.
The fastest growing industries in the eCommerce space are the retail and hospitality, with eCommerce hiring expected to reach over 6 million by 2022, according a report by Dice.
Job growth in eCommerce will also accelerate as ecommerce companies become more agile and use new technologies to better deliver their products and services, the Dice report said, citing eCommerce job growth forecasts from the Pew Research Center.
The job growth of ecommerce in the 2020s will be driven largely through the rapid growth of the e-commerce industry, according its research.
The eCommerce boom is expected to continue over the course of the next few years, as the e Commerce industry expands rapidly to new markets, such as China and India.
It will be interesting to see how eCommerce companies respond to the changing landscape of commerce, as there is an ongoing debate in Congress over whether eCommerce should be classified as a business.