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  1. Analysis
July 12, 2022

North America is seeing a hiring boom in private banking industry IoT roles

Some parts of the world are investing more heavily in internet of things roles than others

By Data Journalism Team

North America extended its dominance for internet of things (IoT) hiring among private banking industry companies in the three months ending May.

The number of roles in North America made up 63.3% of total IoT jobs – up from 40.4% in the same quarter last year.

That was followed by Asia-Pacific, which saw a -5.1 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 job ads in the private banking industry?

The fastest growing country was the United States, which saw 35.2% of all IoT job adverts in the three months ending May 2021, increasing to 57.7% in the three months ending May this year.

That was followed by Czech Republic (up 7.1 percentage points), Canada (2.3), and Singapore (0.6).

The top country for IoT roles in the private banking industry is the United States which saw 57.7% of all roles advertised in the three months ending May.

Which cities and locations are the biggest hubs for IoT workers in the private banking industry?

Some 7.7% of all private banking industry IoT roles were advertised in Brno (Czech Republic) in the three months ending May.

That was followed by Singapore (Singapore) with 5.1%, York (United States) with 4.2%, and London (United Kingdom) with 3.3%.

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