Demand for talent in the technology sector in London has increased by 44%, making it the biggest and fastest growing industry in the city. That is according to new data from the Association of Professional Staffing Companies (APSCo), based on research undertaken by Vacancysoft. Across all sectors, demand for IT professionals increased by 25%, with this type of role now representing 37% of all advertised positions.
Amazon Inc and Facebook, two leading technology employers, are both in the list of top 20 employers in London. Hiring activity at Amazon Inc rose by 71% year-on-year in Q1 2019, while Facebook saw a 9.2% increase in advertised roles over the same period. Also among the top 20 in London was IT consultancy, Wipro, which increased headcount the most rapidly, with a 119% increase in positions year-on-year.
Commenting on the data, Rina Durban, Membership Relations Manager at APSCo said:
“It’s great to see the technology sector thriving in London. The capital’s rich talent pool consistently draws in leading companies and encourages growth. After Silicon Valley, London has taken second place in the world for tech development and this is being reflected in venture capital and private equity funding flooding the city. Facebook’s recent announcement that it will be hiring 500 more professionals for its new offices in central London, signifies that the sector has no intention of slowing down any time soon”.