The global technology industry experienced a 25% rise in new job postings related to cloud in Q1 2024 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to a 16% increase versus Q1 2023. GlobalData’s Technology: Hiring Trends & Signals Q1 2024 report reveals comprehensive insights into hiring patterns, job roles, required skills, geographical trends, and key themes within the technology industry, facilitating anticipation of future workforce needs. Buy the report here.
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Notably, Computer and Mathematical Occupations jobs accounted for a 36% share of the global technology industry’s cloud-related total new job postings in Q1 2024, up 3% over the prior quarter.
Computer and Mathematical Occupations drive cloud-related hiring activity
Computer and Mathematical Occupations, with a share of 36%, emerged as the top cloud-related job roles within the technology industry in Q1 2024, with new job postings rising by 3% quarter-on-quarter. Management Occupations came in second with a share of 14% in Q1 2024, with new job postings rising by 19% over the previous quarter.
The other prominent cloud roles include Sales and Related Occupations with a 6% share in Q1 2024, Architecture and Engineering Occupations with a 5% share of new job postings.
Top five companies in technology industry accounted for 26% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q1 2024 were Accenture, Oracle, Microsoft, International Business Machines, and Amazon Web Services. Together they accounted for a combined share of 26% of all cloud-related new jobs in the technology industry.
Accenture posted 17,724 cloud-related new jobs in Q1 2024, Oracle 6,811 jobs, Microsoft 6,553 jobs, International Business Machines 4,693 jobs, and Amazon Web Services 4,414 jobs, according to GlobalData’s Job Analytics.
Hiring activity was driven by the US with a 39.66% share of total new job postings, Q1 2024
The largest share of cloud-related new job postings in the technology industry in Q1 2024 was in the US with 39.66% followed by India (26.16%) and the UK (3.42%). The share represented by the US was four percentage points higher than the 35.99% share it accounted for in Q4 2023.
For further understanding of GlobalData's Technology: Hiring Trends & Signals Q1 2024, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Jobs Analytics uses machine learning to uncover key insights from tracking daily job postings for thousands of companies globally. Proprietary analysis is used to group jobs into key thematic areas and granular sectors across the world’s largest industries. classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
