The most stable tech industries for job seekers in 2023

Talk of a tech recession and mass redundancies across the sector dominated the headlines in 2022.

And while certain areas have converged and companies have acted accordingly by reducing their workforce, various industries continue to go from strength to strength and have been boosted by the growing demand for cloud-based technology, machine learning tools, blockchain technology and the acceleration of augmented reality (AR) and virtual reality (VR) in our everyday lives.

The future of fintech

The past 12 months have rocked the foundations of fintech – in May, Swedish BNPL fintech Klarna cut 10% of its workforce, and in November Stripe announced it was laying off 14% of employees, affecting roughly 1,120 of the fintech leader’s 8,000-strong workforce . — but despite these startling statistics, the sector’s future looks bright for 2023, thanks to the rise of B2B fintech.

In fact, according to data compiled by Dealroom, fintechs selling to businesses have attracted 13.1 billion euros in investment compared to 3 billion euros for fintechs selling to consumers, the lowest figure B2Cs have commanded since 2015.

Cyber ​​security is on the rise

The threat of cyber breaches and hacking of personal information continues to inform the sector, with cyber security expected to grow globally by 14% before 2029. The need for more secure networks is also increasing the demand for cloud-based data security as many organizations move away from network-centric security to a multi-cloud strategy in use of two or more suppliers.

And the job market can’t keep up – 43% of organizations globally are struggling to find top talent, meaning an even greater reliance on automation and managed security tools.

A boost to blockchain

Cryptocurrency has traditionally dominated the blockchain space. But with experts predicting that the sector will add €5.67 trillion to the global economy by 2030 due to the mass adoption of Web3.0, a strong component of which is decentralized finance, a career in blockchain is a safe bet.

This is further reinforced by technology’s infiltration into retail, media and entertainment. Market Research Future also predicts that decentralized finance will become more prominent in traditional banking, financial services and the insurance sector.

Artificial intelligence (AI) is becoming real

As machine learning and automation become increasingly important to service-based companies, sales of AI software are booming and expected to increase even more.

According to data compiled by Gartner, the AI ​​software market has grown by 21% compared to 2021, and workers with AI experience, especially those in more senior or management roles, are even more in demand.

AR/VR to become an everyday reality

Although the Metaverse still seems to be very far from completion, Augmented Reality (AR) and Virtual Reality (VR) seem to be infiltrating our everyday lives, especially for remote workers who are predicted to rely on AR and VR to help them with getting in touch with their team.

In economic terms, GlobalData equates this with the AR market reaching €56.83 billion in 2023 before reaching €315 billion by 2028.

So if securing your long-term career goals by adapting your skills to a more stable sector is on your agenda for 2023, The House of Talent Job Board is a pretty good place to start your search. Or why not take a look at the open roles at the three companies below, all currently hiring in the fields we’ve outlined above.

Raisin GmbH

Founded in 2012, Raisin GmbH is a fintech pioneer, enabling financial institutions to set up their own marketplaces while transforming their BaaS (banking as a service) solutions. In 2021, Raisin merged with leading B2B deposit platform Deposit Solutions, forming one of the largest open banking fintechs to emerge from Europe, further securing the company’s success into the future. If you are interested in joining the company in its fintech work, visit the Raisin GmbH Job Board today.

Google

Customers in more than 200 countries and territories turn to Google Cloud as their trusted partner to enable growth and solve their most critical business problems. A pioneer in cloud computing, Google also offers additional training through certification programs to help employees gain the accreditation and knowledge they need to work with cloud technology. You will also be able to access some of the best working conditions and gain practical experience in the field. See all possibilities at Google here.

Trade Republic

German securities trading platform and investment company Trade Republic is on a mission to democratize wealth, using blockchain technology to allow clients to invest in stocks, EFT and cryptocurrency. It is currently hiring across various sectors, including cyber security, machine learning and data science. Find out more about how you can join the Talent Republic team now.

For more tech opportunities at forward-thinking companies, visit the House of Talent Jobs board today