The global banking & payments industry experienced a 33% drop in new job postings related to the internet of things in Q3 2022 compared with the previous quarter, according to GlobalData’s whitepaper on Internet of Things in Banking & Payments – Hiring Activity in Q3 2022. This compares to an 8% increase versus Q3 2021.
Notably, Software and Web Developers, Programmers, and Testers jobs accounted for a 13% share of the global banking & payments industry’s internet of things-related total new job postings in Q3 2022, down 22% over the prior quarter.
Software and Web Developers, Programmers, and Testers, with a share of 13%, emerged as the top internet of things-related job roles within the banking & payments industry in Q3 2022, with new job postings drop by 22% quarter-on-quarter. Computer and Information Systems Managers came in second with a share of 5% in Q3 2022, with new job postings drop by 22% over the previous quarter.
The other prominent internet of things roles include Database and Network Administrators and Architects with a 5% share in Q3 2022, General and Operations Managers with a 4% share of new job postings.
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q3 2022 were Evolent Health, Worldline, JPMorgan Chase and Visa. Together they accounted for a combined share of 48% of all internet of things-related active jobs in the banking & payments industry.
The largest share of internet of things-related new job postings in the banking & payments industry in Q3 2022 was in the US with 46% followed by the UK (9%) and India (8%). The share represented by the US was 12 percentage points lower than the 58% share it accounted for in Q2 2022.