SNEAK PEEK
- Crypto roles appear to be one of the biggest shares of hires in overall technology job roles.
- Indeed revealed an acceleration in the market’s demand recording an increase of 315% in 2022.
- The application developer is the top job role, with data engineer and full-stack developer being in second & third spot, respectively.
Job seekers are inclined towards cryptocurrency, blockchain, and the NFT sector for jobs post Covid. According to a report, there has been a growth of 804% between April 2020 to April 2022 for job postings for cryptocurrency, blockchain, and NFTs.
The report by a global job portal also revealed an acceleration in the market’s demand. 2022 saw an increase of 315%. Compared to 2019, job postings in April 2022 were 15 times more than in 2019, thus, clearly showing the pandemic being the reason behind this sustained growth.
Technology has been adopted aggressively in India during the Covid-19 pandemic. Those with expertise in newer or emerging areas like blockchain, cryptocurrency, and NFTs are being accepted everywhere. The most in-demand job profile is application developer, followed by data engineer and stack developer, respectively.
As per the data, crypto roles are the leading share of hires in overall technology job roles, increasing from 41.22 percent in 2019 – 2020 to 67.48 percent in 2021 -2022.
Sashi Kumar, Head of Sales for Indeed India, said that being a technology-first economy, Indian companies are rapidly investing in technologies. Bengaluru and Hyderabad are the top technology hubs in India, with continuous hiring in the sector.
Additionally, he said that blockchain is an exciting new field of work and has phenomenal scope for application, though the sector is still developing.
The report also mentions that scaling and security concerns are still there in this sector. Talking about sectors like finance, healthcare, and gaming, they are implementing decentralized finance, which signifies the increasing demand for jobs.
According to a global report by Gartner, the business value generated by blockchain will grow rapidly and reach $176 billion by 2025, thereby creating more job prospects.
