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FACTSHEET - 2019 IT JOBS GROWTH TRAJECTORY

This factsheet encapsulates the numbers that are defining the global IT job market of 2019. Use these insights to plan your resources well in advance.

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FACTSHEET - 2019 IT JOBS GROWTH TRAJECTORY

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  1. FACTSHEET 2019 IT JOBS GROWTH 2018 was the year of IT job market metamorphosis year of its . 2019 will be the evolution . OVERVIEW: 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, Articial 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. 01 © 2019 CREDFORCE. ALL RIGHTS RESERVED.

  2. 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 Articial 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 Data Science Jobs surged up by 75% Here are the numbers: Monthly Jobs Yearly Jobs Total Candidates 1,104,300 469,642 286,784 59,223 17,434 7,511 Data Science Articial Intelligence Blockchain 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. 02 © 2019 CREDFORCE. ALL RIGHTS RESERVED.

  3. BEST PAID JOB ROLES: Salaries for Data Science, Articial 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: DATA SCIENCE Job Role Big Data Engineer ARTIFICIAL INTELLIGENCE Job Role BLOCKCHAIN Job Role Developers (Ripple Platform) Salary Salary Salary $130,000 Principal Scientist $148,000 $156,445 Machine Learning Engineer Data Architect $104,000 Smart Contracts $131,000 $144,851 Ethereum Developers: Solidity Computer vision Engineer Database Developer $147,000 $161,252 $118,000 Database Manager Blockchain Developers: C ++/Go $167,340 Data Scientist $148,000 $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 03 © 2019 CREDFORCE. ALL RIGHTS RESERVED.

  4. COUNTRIES WITH HIGHEST DEMAND FOR IT PROFESSIONALS: The United States will generate the most job opportunities for Data Science, Articial Intelligence and Blockchain Professionals. India will be next in line. China 3% Singapore 2% Australia 3% Netherlands 4% Germany 5% Canada 5% United States 46% France 7% United Kingdom 9% India 16% TOP INDUSTRIES FOR DATA SCIENCE, ARTIFICIAL INTELLIGENCE AND BLOCKCHAIN TALENT POOL: Though demand for Data Science, Articial 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. Automotive 1% Stafng & Recruiting 1% Hospital Health Care 2% Information Technology & Services 41% Banking 4% Higher Education 4% Management Consulting 5% Internet 7% Financial Services 7% Computer Software 29% 04 © 2019 CREDFORCE. ALL RIGHTS RESERVED.

  5. SKILL GAPS IN 2019: In 2018, more than a million jobs were created for Data Science, Articial Intelligence and Blockchain professionals. The absence of sufcient skilled professionals rendered 50% of these jobs unlled. 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 certication could address both these issues. THE WAY AHEAD: Many new certication agencies mushroomed offering distinctive certications. We list the top 3 here: Artificial Intelligence Data Science Blockchain Microsoft Google AI Blockchain Council Hortonworks Microsoft Central Blockchain Council of America Edureka Articial Intelligence Board of America Data Science Council of America Certication 05 © 2019 CREDFORCE. ALL RIGHTS RESERVED.

  6. Reference: LinkedIn, Glassdoor, Indeed, Roberthalf and Upwork About CredForce: CredForce is a worldwide leader in credentialing. We’re in the business of empowering organizations and professionals worldwide through endorsing their credibility, potential and promise for corporate & professional excellence on rigorous global standards. As the world’s single largest provider of state-of-the-art products, services and solutions on credentialing and certication, we own exclusive global rights for managing global distribution and operations of an astounding array of 50+ international certication programs. We have also built the world’s biggest ever consortium of leading global standards and certication bodies specializing in credentialing for 15 different industry verticals and professions. We offer end-to-end operational, marketing, research, assessment, audit and business support to global certication, accreditation and credentialing bodies. To know more please visit https://www.credforce.com CREDFORCE 3700 North Capital of Texas Hwy, Suite 450A Austin, TX 78746, United States of America info.us@credforce.com © 2019 CREDFORCE. ALL RIGHTS RESERVED.

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