Factsheet-2019-IT-Jobs-Growth-Trajectory

FACTSHEET
2019 IT JOBS GROWTH
OVERVIEW:
2018 was the year of IT job market
metamorphosis. 2019 will be the
year of its evolution.
Ever since the IT revolution has hit the economies, industries have changed radically.
Roles that had never existed previously now dominate the job market. A changing job
market means new challenges and greater responsibilities for HR and talent
management professionals. New technologies like Data Science, Articial Intelligence
and Blockchain are placing excessive demands on recruiters. The demand for skilled
professionals is staggering and hiring managers are battling to ll crucial vacancies.
Business challenges moved many notches up and sustainability is not the prime issue
anymore; the prime issue now is sustenance. This factsheet attempts to understand the
present extent of this problem and its probable impact on the year ahead.
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DRIVERS OF THE RECRUITMENT FLUX:
2018 was the year of IT job market metamorphosis. 2019 will be the year of its
evolution.2018 was the year of digital transformations. While automation and
seamless integration reformed underlying business processes, IoT, net neutrality,
big data, and actionable analysis portrayed newer challenges. Three technologies,
in particular, challenged HR professionals and talent managers in varied ways. The
recruitment industry was driven by these three predominant changes:
FACT 1 FACT 2 FACT 3
Data Science
Jobs surged
up by 75%
Articial Intelligence
jobs compounded by
4.5 times since 2013
Blockchain jobs grew by 2000% for
three-quarters in a row (Source: Upwork).
Blockchain was quoted as the fastest
growing skill with more than 6,000%
year-over-year growth in Q1, 2018
Here are the numbers:
Data Science
Articial Intelligence
Blockchain
Total Candidates Monthly Jobs Yearly Jobs
1,104,300
469,642
286,784
59,223
17,434
7,511
710,676
209,208
90,132
Data science jobs were leading the trends. But Blockchain also seemed to be catching
up pretty fast as well.
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DATA SCIENCE
Salaries for Data Science, Articial Intelligence and Blockchain
professionals have substantially surpassed salaries for professionals in
other elds. The highest paid job roles in 2018 from these three
technologies were:
ARTIFICIAL INTELLIGENCE
BEST PAID JOB ROLES:
BLOCKCHAIN
Job Role Salary Job Role Salary Job Role Salary
Big Data
Engineer
$148,000
Principal Scientist
$156,445
Developers
(Ripple Platform)
$130,000
Data
Architect
$131,000
Machine Learning
Engineer
$144,851
Smart Contracts
$104,000
Database
Developer
$118,000
Computer vision
Engineer
$161,252
Ethereum Developers:
Solidity
$147,000
Database
Manager
$148,000
Data Scientist
$167,340
Blockchain Developers:
C ++/Go
$156,000
WHERE IS IT HEADED (PROJECTION 2019):
The recruitment industry compass
is pointing to greater challenges in the year
ahead. Hiring in 2019 will be marked by the following:
Emphasis on non-technical attributes
Willingness of organizations to train for new roles
Demand for hybrid job skills
Strong and quick job offers
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COUNTRIES WITH HIGHEST DEMAND FOR IT PROFESSIONALS:
The United States will generate the most job opportunities
for Data Science, Articial Intelligence and Blockchain
Professionals. India will be next in line.
Netherlands
4%
Germany
5%
Canada
5%
Australia
3%
China
3% Singapore
2%
France
7%
United
States
46%
United
Kingdom
9%
India
16%
TOP INDUSTRIES FOR DATA SCIENCE, ARTIFICIAL INTELLIGENCE AND BLOCKCHAIN TALENT POOL:
Though demand for Data Science, Articial Intelligence and Blockchain professionals will increase
across a wide spectrum of industries, three industries in particular (information technology, computer
software and nancial services) will seek them far more robustly.
Higher Education 4%
Management Consulting 5%
Hospital Health Care 2%
Banking 4%
Automotive 1%
Stafng & Recruiting 1%
Information Technology
& Services
41%
Internet 7%
Financial
Services 7%
Computer Software 29%
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SKILL GAPS IN 2019:
In 2018, more than a million jobs were created for Data
Science, Articial Intelligence and Blockchain professionals.
The absence of sufcient skilled professionals rendered 50%
of these jobs unlled. This gap is expected to escalate in this
year as well.
Economies face the below two immediate threats:
Unemployment
Skill crunch or shortage of future-ready workforce
High impact training and certication could address both these issues.
THE WAY AHEAD:
Many new certication agencies mushroomed offering
distinctive certications. We list the top 3 here:
Data Science Artificial Intelligence Blockchain
Microsoft
Google AI
Blockchain Council
Hortonworks
Data Science Council
of America Certication
Microsoft
Articial Intelligence
Board of America
Central Blockchain
Council of America
Edureka
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Reference:
LinkedIn, Glassdoor, Indeed, Roberthalf and Upwork
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