Companies are increasingly hiring for cloud roles in the cards & payments 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 banks, payment providers, cards programmes and processors 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 14,859 in Q1 2021. That’s up from 9,066 in Q4 2020 and up from from 8,679 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 cards & payments?
Looking across key banks, payment providers, cards programmes and processors companies tracked by GlobalData, the US is currently seeing the largest number of cloud job advertisements. Last quarter the country saw 5,920 advertisements - up from 3,908 in Q4 2020 and 3,850 in Q3 2020.
On a city level, Pune (India) had the most newly advertised cloud roles in Q1 2021 with 1,175, followed by Hyderabad, (India) with 1,017, and Bengaluru, (India) with 949.
Where is seeing the most growth for cloud roles in cards & payments?
The biggest growth area has been in India - which saw 1,241 job adverts for cloud in Q4 2020, increasing to 4,499 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.