UK tech industry to remain resilient in face of COVID-19
Despite the rise of COVID-19, the UK’s tech industry is expected to remain resilient, according to analysis by Robert Walters.
During the first quarter of 2020, tech sector permanent vacancies increased by 32.56% with contract roles up 48.27%, compared to the same quarter last year. Vacancies were up across the country, including in Manchester (44.33%), Birmingham (27.29%), Milton Keynes (26.95%), and London (16.60%) according to JobFeed data. A fifth (18%) of the new tech-related contract roles created in the UK in the past month were for programmers while 13% were for consultants & specialists and support staff.
Ahsan Iqbal, director of technology at Robert Walters commented, “At the moment, the tech sector has experienced a spike in demand and so – unlike other industries such as aerospace - no immediate impact has been felt regarding hiring freezes.
“The UK was already pioneering work within healthtech and edtech, and now more than ever this will be put to the test. In addition, technology that underpins remote working – such as cloud computing, business apps, mobile tools, unified communications, project management tools, and video conferencing – will be no doubt be rapidly hiring as demand for their tools increase.
“Retailers who didn’t invest in e-commerce will be going through a difficult period right now, and will have to assess whether they have the resources to be able to enhance this for future, competitive purposes. Of the tech roles advertised in the last four weeks, 13% of these were in trade or retail.
“Other areas of opportunity will be in insurtech, supply chain and agritech – as after health these are some of the industries experiencing the highest level of demand.”
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