PMIs

INDUSTRY GROWTH FORECAST

PROJECT
MANAGEMENT
ORGANIZATI
ONAL

BETWEEN 2010 + 2020

AGILITY

Industry Growth Forecast Project Management

INTRODUCTION
Between 2010 and 2020, the project management profession
is slated to grow by $6.61 trillion, globally across seven
project-intensive industries. Contributing to this growth will
be an increase in the number of project management roles
across industries as well as across geographies (an additional
11 million project management jobs will be created in 11
countries analyzed by 2020). Because of this anticipated
growth, there has never been a more opportune time for
professionals and job-seekers to build project management
skills.

GROWTH OF PROJECT
MANAGEMENT IN THE UNITED
STATES
Expanding job markets. In 2010, almost 5.5 million jobs in
the United States were in project management. By 2020,
that figure is expected to increase to almost 6.2 million.
This double-digit growth (more than 12 percent) in demand
for project management professionals will be matched by
strong growth in the GDP of project-intensive industries,
which will amount to $5.81 trillion in 2020, an increase of
almost 37 percent from 2010.
Rising salaries. The high demand for project-oriented
professionals is reflected in both average salary and salary
growth. In 2010 the average salary of a project management
professional was $98,082, while the average salary of a
non-project-oriented employee was $53,840. Additionally,
between 2004 and 2010 high demand for project-oriented
professionals drove faster-than-average salary growth of
project management professionals; salary growth among
project management professionals averaged about $2,700
a year, $1,000 more than the rate of non-project-oriented
professions, which was approximately $1,700.
Growing industries. Currently, the project-intensive
industries in the U.S. that support the greatest number of
project management roles are business services, with 2
million project management jobs in 2010, and manufacturing,
which had 630,000. However, business services and
healthcare (not currently a project-intensive industry) are
expected to lead the pack in terms of growth between 2010
and 2020. In particular, the healthcare industry is projected
to increase project management roles by 30 percent the
highest growth rate of any project-intensive industry.

Industry Growth Forecast Project Management

By 2020, 11 million project

managment roles will be added in
11 countries, increasing their GDP by

$6.61 trillion
across project-intensive industries.

DEFINITION
PROJECT-INTENSIVE
INDUSTRIES

Project-intensive industries
describe those in which occupational
employment has a high level of
project-oriented work. In this
document, those industries are:

Manufacturing

Business
Services

Finance &
Insurance

Oil & Gas

Information
Services

Construction

Utilities

GLOBAL GROWTH OF THE PROJECT MANAGEMENT

PROFESSION
Expanding job markets. Among the U.S.s 10 key global trade partners, the number of jobs in the project
management profession is expected to increase by over 10 million between 2010 and 2020,
and by
2020, the number of project management roles will total nearly 41.5 million. In addition, between 2010 and
2020 the economic output of the profession in the 10 key partner countries will increase by over 5 trillion
to $12.37 trillion.
China and India will lead the growth in project management, generating approximately 6.3 million and 3.6
million project management roles through 2020, respectively.
Increasing demand. Demand for project managers will increase in nine of the ten partner countries,
Germany being the exception. In fact, demand will increase by almost 60 percent in India, more than 33
percent in China and by more than 40 percent in the U.A.E.
Improving GDP. GDP the standard measure by which we understand economic growth will increase
across all of the United States key partners 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.

DEFINITION
KEY PARTNERS

Key Partners, refers to key trade partners of the United States, as well as emerging
economic powers. These countries are:

Australia

Germany

Brazil

India

Canada

Japan

Saudi
Arabia

China

United Arab
Emirates

United
Kingdom

Industry Growth Forecast Project Management

CONCLUSION
The enormous expected growth in the project
management profession between 2010 and 2020 will
be stymied, if not altogether stopped in its tracks, if a
commensurate increase in skilled professionals is not
met. Despite the economic downturn in 2008-2009,
the profession has remained on track to gain nearly 11
million jobs and generate nearly $18.2 trillion in economic
output by 2020 across the U.S. and the other 10 countries
studied.

Projected Jobs Forecast for 2020 (billions)

5,813

4,540

ABOUT THE REPORT

The Anderson Economic Groups Project-Oriented
Employment Trends and Costs of a Skills Gap: 2010 to
2020 report, commissioned by the Project Management
Institute, provides projections on the growth of the
project management profession across 11 countries and
project-intensive industries. To create a holistic view
of growth of the profession in this decade, this report
builds on forecasts developed in 2008. The results of the
report point to immense growth of the profession both
internationally and among project-intensive industries in
the United States.

1,974

1,290
1,022

1,027

891
649

519
176

279

USA United UAE Saudi Japan India Germany China Canada Brazil Australia
Arabia
Kingdom

Industry Growth Forecast Project Management

The Project Management profession is slated for

tremendous growth between 2010 and 2020
Project management roles are highly valued, with high salaries reflecting the
high demand for project management skills (USD):
$98k

PROJECT-ORIENTED
OCCUPATIONS

$93k

$91k
$81k

$49k

$50k

2008

2009

$54k

NON-PROJECT-ORIENTED
OCCUPATIONS

$43k

2004

2010

Among the United Statess key partners, growth

will be significant, but spearheaded heavily by
China and India:

In the United States, the demand

for project management
professionals is significant,
especially in business services and
manufacturing. Healthcare is also
expected to demand a high number
of project management roles:

GROWTH OF THE PROJECT MANAGEMENT JOBS

INTERNATIONALLY (US AND OTHER COUNTRIES)
2010

2020
947k

United Kingdom

JOBS

41k

United Arab Emirates

2010

95k

Saudi Arabia

5.4m

2,603k

Japan
2020
5,219k

India

6.1m

1,696k

Germany

OUTPUT
18,642k

2010

4,252

China

billion
529k

2020

Canada
1,100k

Brazil

5,813
billion

340k

Australia

Industry Growth Forecast Project Management