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New Research Reveals 25% of US Network Engineers to Retire within Five Years

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New Research Reveals 25% of US Network Engineers Set to Retire in Five Years

According to recent research by Opengear, a Digi International company, a significant number of network engineers in the United States are expected to retire within the next five years. The study surveyed CIOs and network engineers across multiple countries, highlighting the impact of the impending retirement wave on the industry. The research found that a skills shortage in the networking industry has led to challenges in managing networks, with a majority of CIOs and engineers agreeing on this issue. As a result, businesses are struggling to meet user and customer expectations in today's economic environment. To address the tech skills shortage, both CIOs and engineers identified investment in automation, AI, and emerging technologies as crucial, along with remote and hybrid working capabilities. The study emphasizes the importance of technologies like Smart Out of Band in empowering IT teams to efficiently manage and remediate business networks, allowing them more time to focus on critical tasks and improve overall performance.

Implications of Network Engineers' Retirement Wave for New Businesses

Opengear's recent research, which reveals that 25% of US network engineers are set to retire in the next five years, could have significant implications for new businesses in the tech industry. This impending retirement wave, coupled with the existing skills shortage in the networking industry, could pose considerable challenges for businesses in managing networks and meeting user and customer expectations.

Addressing the Tech Skills Shortage

For new businesses, the identified solutions to the tech skills shortage – investment in automation, AI, and emerging technologies, and the adoption of remote and hybrid working capabilities – provide a roadmap for building a resilient and future-ready workforce.

Embracing Emerging Technologies

The study's emphasis on technologies like Smart Out of Band in empowering IT teams to efficiently manage and remediate business networks offers insights for new businesses on the importance of embracing emerging technologies to improve performance and efficiency.
Preparing for the Future
In conclusion, the impending wave of network engineer retirements and the existing skills shortage in the industry present both challenges and opportunities for new businesses. By investing in emerging technologies and adopting flexible working models, new businesses can prepare for the future and position themselves for success in the evolving tech landscape.
Story First Published at: https://financialpost.com/pmn/business-wire-news-releases-pmn/new-research-a-quarter-of-us-network-engineers-are-set-to-retire-in-five-years
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