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September 1, 2021

Where are major banks, central banks, and non-bank competitors companies focusing their cloud hiring efforts?

By Michael Goodier

Companies are increasingly hiring for cloud roles in the retail banking and lending sector, but some parts of the world are proving more attractive than others, writes Michael Goodier

Cloud is an area which has seen rapid growth across a variety of industries in recent years – not least among major banks, central banks, and non-bank competitors companies.

Figures show that the number of new cloud roles being advertised for these companies has increased in recent months – with firms across the industry looking to expand their capabilities.

The number of newly advertised roles stood at 16,825 in Q1 2021. That’s up from 10,526 in Q4 2020 and up from from 10,006 in Q3 2020.

The figures are compiled by GlobalData, who track the number of new job postings from key companies in various sectors over time. Using textual analysis, these job advertisements are then classified thematically.

GlobalData's thematic approach to sector activity seeks to group key company information by topic to see which companies are best placed to weather the disruptions coming to their industries.

These key themes, which include cloud, are chosen to cover "any issue that keeps a CEO awake at night".

By tracking them across job advertisements it allows us to see which companies are leading the way on specific issues and which are dragging their heels - and importantly where the market is expanding and contracting.

Where are companies hiring for cloud careers in retail banking and lending?

Looking across key major banks, central banks, and non-bank competitors companies tracked by GlobalData, the US is currently seeing the largest number of cloud job advertisements. Last quarter the country saw 6,560 advertisements - up from 4,420 in Q4 2020 and 4,397 in Q3 2020.

On a city level, Pune (India) had the most newly advertised cloud roles in Q1 2021 with 1,217, followed by Bengaluru, (India) with 1,057, and Hyderabad, (India) with 1,050.

Where is seeing the most growth for cloud roles in retail banking and lending?

The biggest growth area has been in India - which saw 1,186 job adverts for cloud in Q4 2020, increasing to 4,734 in Q1 2021.

In terms of cities, firms are increasing cloud hires in Varna - with 40 roles in the latest quarter - up from zero in the previous one.

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