Widespread layoffs at some of the biggest (and thought to be untouchable) names in tech have rattled the industry, understandably so.
And while the headlines might have sparked fears of a recession over the past few months, the tech industry as a whole is robust enough to weather the current storm well into 2023 and beyond, especially in certain sectors.
Bright future for B2B fintech
External pressures and overly optimistic growth forecasts might have caused thousands of global B2C fintech employee casualties towards the end of this year, but the future looks bright for B2B fintech in 2023.
In fact, fintech in Europe is forecast to grow in the next 12 months with Sweden and the UK standing out for their fintech ecosystem performance. That’s according to a recent report by McKinsey, which also established Ireland, Netherlands, Denmark, and Switzerland as forces for growth.
Cloud and cybersecurity growth
The cloud sector has become synonymous with cybersecurity, and the need for more secure networks across all industries has meant 43% of organisations globally are struggling to find top talent, meaning an even greater reliance on automation and managed security tools. This is partly down to a mass move away from network-centric security to data-centric security.
Cybersecurity is expected to grow globally by 14% before 2029, understandably so when you consider the shift towards online systems for the vast majority of small and medium businesses (SMEs) in the post pandemic world. And with 28% of European SMEs having experienced cybercrime at least once, it makes sense that securing their data has become a top priority.
Rise of blockchain
The evolution of Web3 is dependent on the adoption and assimilation of blockchain technology into our everyday lives. With experts predicting that the sector will add €5.67 trillion to the global economy by 2030, blockchain careers cannot be ignored.
While cryptocurrency has dominated the blockchain space in recent years, the infiltration of blockchain technology won’t just be seen in retail, media, and entertainment; Market Research Future also predicts that decentralised finance will become more prominent within traditional banking, financial services and the insurance sector.
AR/VR on the rise
Everyone from George Harrison to Madonna has sung about humanity living in a material world but it looks like we could be swapping materialism for a virtual world from 2023 onwards as augmented reality (AR) and virtual reality (VR) accelerate towards widespread adoption.
According to Statista, there will be 1.4 billion mobile AR users worldwide by 2023, an increase of one billion from the 44 million recorded in 2019. In fiscal terms, GlobalData equates this to the AR market hitting €56.83 billion in 2023 before reaching €315 billion by 2028.
Artificial Intelligence (AI)
With an increasing number of companies relying on machine learning and automation to power their everyday functions, AI software is in high demand. In data compiled by Gartner, the AI software market has increased by 21% when compared to 202, and those with AI experience, especially in more senior roles, are in high demand.
Moving to a new specialism isn’t easy––but it isn’t impossible, and as many software engineers and developers already have fluency in programming languages along with a formal qualification in computer science or engineering, applying their skills to a new or emerging sector is achievable. It can als prove extremely lucrative in the long run.
So, if you’re ready to make the leap to a new career in 2023 and want to put your skills to the test in a company pioneering the latest technology, the Tech EU Job Board has hundreds of opportunities like the examples below.
Platform Engineer, ITV Jobs, London
ITV is looking for Platform Engineers to help build its data infrastructure, supporting the development of data products such as ETLs, ML models, and CDP within its new data mesh framework. You will be working in a cross functional team of platform engineers, security engineers and architects, using the latest technology. To apply, you will need experience working with cloud infrastructure and platforms (ideally AWS), have extensive knowledge of infrastructure as code, containerisation, automation and monitoring tools (for example, Terraform, Kubernetes, Docker, Jenkins, or Sensu) and have an understanding of data platforms and tooling in the data domain. Apply now.
Principal Machine Learning Engineer - Customer Profile & Personalisation (all genders), Zalando, Berlin
As a Principal Machine Learning Engineer in the Customer Profile & Personalisation team, you will execute bold research experiments, help to drive Zalando’s scientific roadmap, and work with exceptional engineers and science leaders to spearhead the strategy on building platform capabilities by collaborating closely with the customer profile and personalisation teams and the central machine learning productivity teams. You’ll also be tasked with mentoring junior to senior engineers and actively collaborating with other teams. See the full job spec here.
Backend Engineer, Cryptocurrency & Blockchain, Mastercard, Dublin
CipherTrace, a Mastercard company, is a rapidly growing leader in cryptocurrency intelligence and compliance. It is currently hiring a Backend Engineer, Cryptocurrency & Blockchain to grow the blockchain economy by making crypto safe for users and trusted by governments. In this role you’ll build the next-generation cryptocurrency tools, law enforcement tools, and DeFi platforms and design and build support for multiple chains and currencies. Find out more information here.
Lead image: Armando Ascorve Morales