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  1. Analysis
November 1, 2021

Europe is seeing a hiring boom in private banking industry IoT roles

By Michael Goodier

Europe was the fastest growing region for Internet of Things (IoT) hiring among private banking industry companies in the three months ending August.

The number of roles in Europe made up 23.4 per cent of total IoT jobs – up from 17.1 per cent in the same quarter last year.

That was followed by Asia-Pacific, which saw a 1.8 year-on-year percentage point change in IoT roles.

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 internet of things, 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.

Which countries are seeing the most growth for IoT roles in wealth management & private banking?

The fastest growing country was Belgium, which saw 2.4 per cent of all IoT job adverts in the three months ending May last year, increasing to 13 per cent in the three months ending August this year.

That was followed by Australia (up 3.8 percentage points), Singapore (up 2.3), and the United States (up 1.4).

The top country for IoT roles in the private banking industry is the United States which saw 35.5 per cent of all roles in the three months ending August.

Which cities are the biggest hubs for IoT workers in wealth management & private banking?

Some five per cent of all private banking industry IoT roles were advertised in London (United Kingdom) in the three months ending August - more than any other city.

That was followed by Singapore (Singapore) with five per cent, York (United States) with 3.6 per cent, and San Francisco (United States) with 2.7 per cent.

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