The tech hiring hasn’t ceased. Even after the short-lived panic of the layoffs.
Software developers, engineers, data analysts, and others who work with technology every day continue to be valuable assets to companies in tech and—as we see more and more every day— those in other industries.
Despite the highly publicized layoffs and hiring freezes that captured everyone’s attention at the end of 2022 and the beginning of 2023, tech professionals are still in a good spot for landing high-paying opportunities. Innovation is still happening in every corner of business. While a lot of the talent has been reshuffled from major tech companies, the demand for several tech occupations has continued to grow.
Projects that involve software and app development, website refreshes and digitalization, as well as data/cloud migrations and security have risen to the top of the list.
The State of Tech in Recent Job Reports
Software has become central to many mainstream businesses due to increased demand for cloud-based data solutions, e-commerce, effective applications, and enhancing customer experience.
So while the tech industry may have leveled out since the pandemic surge, jobs continue on a steady trajectory. According to CompTIA’s monthly report, the tech occupation employment graph shows a steady pace of tech industry employment compared with a steady increase in tech occupation employment. This indicates that while employment within the tech industry may not be growing at the phenomenal pace it did about two years ago, tech occupation employment remains on a steady incline, as other industries require the help of tech workers to help their software development, digitalization, and other type of development.
Industries with High Tech Occupation Demand
We covered this in a recent Market Insights report on growing industries in need of tech professionals, but as a quick review: according to recent data, the industries whose need for software developers is increasing include:
- Administrative and support
- Manufacturing
- Finance and insurance
- Information
If we dig deeper into this fusion of industry and tech, we find that there are a myriad of technological changes happening at every level of almost every industry. Some of those dramatic changes are happening in:
- Healthcare: Another growing industry is healthcare and pharmaceuticals. Many healthcare providers, practices, and related businesses require high-level and secure systems to handle health records, scheduling appointments, patient management, telehealth, and other hospital and patient management services.
- Financial services: Banks, financial institutions, and other related services need improved applications for their websites to include e-commerce, bookkeeping, tax management, accounting handling, and online banking.
- Manufacturing: The manufacturing sector is increasing its use of technology and automation. Applications and systems are needed to track products, compose scheduling, manage work orders, job training, health and safety software, and more.
Healthcare and Tech
There is a convergence happening among tech and the innovations they bring to the table with the needs of other industries. One industry that is diving deep into the technological realm is healthcare. During the pandemic, it was clear the industry was in dire need of full digital transformation and it has since not looked back. According to Deloitte, the global digital health market is estimated at U.S. $211 billion in 2022 and is likely projected to reach $1.5 trillion by 2030.
Manufacturing and Tech
There’s a lot of talk about technology taking over jobs. While this may be true in some sense, some industries are finding that it’s actually removing the need for repetitive work and increasing the demand for more skilled jobs.
In other words, it’s taking over some jobs while creating others.
Manufacturing is an interesting case study in that it’s an industry not often seen as attractive or ripe for technological transformation, but people in the industry believe that the increased use of automation will demand a different set of skills in this industry and therefore slowly transform it.
For example, manufacturing is often employing the use of Artificial Reality and mixed reality to assist with training in complex situations and enhance safety and operational ability. In addition, many manufacturing settings will see improvement in their data and analytics, as equipment and tools connect to a factory network that can keep better track of important data points or shifts.
Automotive and Tech
Self-driving cars anyone? Electric vehicles with self-navigating capabilities? These new advancements in automotive design require heavy input from tech companies and professionals to design the software and functional applications.
Finance and Tech
In 2020 and 2021, industries like finance saw a massive investment and shift towards automated and digital solutions. This shift had been happening for some time, of course, but the pandemic accelerated the need for financial services to step up their digital game. In the U.S. many major banks began investing billions to their consumer and commercial banking sectors.
In other parts of the world, like Latin America, the banking industry accelerated due to a high demand for financial services to an unserved population. Regions like Mexico saw the massive opportunity to capitalize on the rising internet and smartphone usage with the need for banking and financial services. This developed into a fintech boom across places like Mexico, where hundreds of startups emerged and continue to flourish.
Mexican Industries with High-Tech Demand
The United States is not the only country seeing major changes in its infrastructure across industries. Nations like Mexico have stepped up technological integration to improve their services and industries.
Our Mexico Tech Salaries Report, for example, showed some of the fastest-growing industries in the country that require software developers, engineers, and other tech professionals.
According to our analysis, the sectors with the biggest demand for IT professionals in Mexico include:
What this shows is that there is a wide range of software developers and engineers that have varying experience across many industries in countries like Mexico. Many of these tech professionals have been on the ground floor of a new implementation of technologies in sectors like healthcare, finance, and others and, therefore, have raked up valuable experience in working with other industries.
We wrote not long ago about the large growth of the Fintech sector across Mexico and Latin America.
This is just one example of a rising industry in Mexico that has employed hundreds of software developers, engineers, and other tech professionals to develop, implement, and manage the infrastructure from a growing industry.
What does this mean?
For U.S. companies, it has meant that the tech talent pool next door has grown both in depth and in breadth. The Mexican tech talent pool is not only highly educated but they have experience in a wide range of industries that are in high demand across the board.
Hire Experienced Software Developers in Mexico
Whether you are a healthcare company or a financial services company, tapping into new talent pools is just one benefit of the remote world revolution. Mexico is a unique market that has a lot to offer.
Want to learn more about hiring tech professionals in Mexico? Talk to one of our tech specialists today.
