Talk of a tech recession and mass layoffs across the industry dominated the headlines in 2022.
And while some areas have contracted and companies have acted accordingly by reducing their workforces, various sectors continue to strengthen and have been supported by the growing demand for cloud-based technology, machine learning tools, blockchain technology and the acceleration of reality augmented (AR) and virtual reality (VR) in our daily life.
The future of fintech
The last 12 months have shaken the foundations of fintech: In May, Swedish fintech BNPL Klarna cut 10% of its workforce and in November, Stripe announced it would lay off 14% of its staff, affecting about 1,120 of the 8,000 employees in the fintech leader. —but despite these attention-grabbing stats, the industry’s future looks bright for 2023, thanks to the emergence of B2B fintech.
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In fact, according to data collected by Dealroomfintechs selling to businesses attracted €13.1bn of investment compared to €3bn for fintechs selling to consumers, the lowest figure B2Cs have achieved since 2015.
Cybersecurity is on the rise
The threat of online security breaches and personal information hacking continues to inform the industry and cyber security is predicted to grow globally by 14% before 2029. The need for more secure networks is also fueling the demand for cloud-based data security as many organizations are moving away from network-centric security towards a multi-cloud strategy using two or more vendors.
And the job market can’t keep up: 43% of organizations globally are struggling to find the best talent, which means an even greater reliance on automation and managed security tools.
A boost to the blockchain
Cryptocurrency has traditionally dominated the blockchain space. But with experts predicting the sector will add €5.67 trillion to the global economy by 2030 due to the mass adoption of Web 3.0, a strong component of which is decentralized finance, a career in blockchain is a sure bet.
This is further enhanced by the infiltration of technology into retail, media and entertainment. Future of market research it also predicts that decentralized finance will become more prominent in traditional banking, financial services, and the insurance sector.
Artificial Intelligence (AI) is becoming real
With machine learning and automation becoming ever more important to service-based businesses, sales of AI software are booming and are expected to grow even more.
According to the data collected by Gartnerthe AI software market is up 21% from 2021 and workers with AI experience, especially those in more senior or leadership roles, are in even greater demand.
AR/VR to become a daily reality
While the Metaverse still appears to be a long way from completion, augmented reality (AR) and virtual reality (VR) look set to infiltrate our daily lives, especially for remote workers who would have to rely on AR and VR to help them connect. with their teams.
In financial terms, GlobalData equates it to the AR market which reached €56.83 billion in 2023 before reaching €315 billion by 2028.
So if securing your long-term career goals by aligning your skills with a more stable industry is on your agenda for 2023, The House of Talent Job Board is a good place to start your search. Or why not check out the roles that are open at the three companies below, all of which are currently being recruited in the fields we’ve outlined above.
Raisin GmbH
Founded in 2012, Raisin GmbH is a fintech pioneer and empowers financial institutions to create their own markets while transforming their banking as a service (BaaS) solutions. In 2021, Raisin merged with leading B2B deposit platform Deposit Solutions, forming one of the largest open banking fintechs coming out of Europe and further ensuring the company’s success into the future. If you are interested in joining the company in its fintech endeavors, visit the Raisin GmbH Job Board today.
Customers in over 200 countries and territories turn to Google Cloud as a trusted partner to drive growth and solve their most critical business problems. A pioneer in cloud computing, Google also offers additional training through certification programs to help staff gain the accreditation and knowledge needed to work in cloud technology. You’ll also get access to some of the best working conditions and gain hands-on experience in the field. View all opportunities offered by Google here.
Commercial republic
German securities trading platform and investment firm Trade Republic is on a mission to democratize wealth and is using blockchain technology to allow clients to invest in stocks, EFT and cryptocurrency. He is currently hiring in various industries including cyber security, machine learning and data science. Learn more about joining the Talent Republic team now.
For more technology opportunities in forward-thinking companies, visit the House of Talent Jobs board today