2023: What’s in store for the Tech sector

The technology sector is forever changing, adapting and developing, but the one thing that has stayed the same over the last few years has been the growth of the market, despite the hurdles that it has faced recently.

The year of 2022 in the tech industry started in the same trend, with the first half seeing extraordinary growth rates with record-breaking investment values. The second half, however, saw a steep decline with major layoffs from big names hitting the headlines across the world. It seemed as if the year was split into two, but Tech refuses to fall short.

How is the Tech market fighting back?

Despite mass redundancies, Aspire is seeing heavy demand for tech employers who are keen to make key hires across their organizations now more than ever. This is to ensure they have the resource and skillsets available to stand out across the industry and become adaptive for the year 2023 and beyond.

These organizations are seeing great value in candidates who work efficiently and have the ability to add value to what they do. By hiring adaptive candidates, you can build a resilient workforce that can face up to the current climate.

This brings a key question, could the layoffs across the tech industry be the perfect opportunity to secure top talent? Taking the pandemic as an example, companies that have continued to hire during a recession have been able to take advantage of the market. This means that the best tech talent is suddenly available and looking for work.

How will businesses lean more on tech?

There is an increasing need for divisions such as design, development, and data to now be extremely collaborative with other divisions, with a particular focus on marketing. In order to carry out a successful marketing strategy, organizations need a scalable infrastructure and code base in order to back this up.

Organizations across the UK are now seeing a heavy demand in using the most up-to-date and modern technologies in order to keep up with the current market. These include areas such as artificial intelligence, machine learning, data science and robotics process automation.

A particular area where we are still seeing high numbers of growth is within cyber security. With data now becoming more valuable than ever, it is important for organizations to ensure they are safe from cyber-attacks.

What should Tech candidates do?

As the market is now not so candidate-driven, we recommend candidates to really try and stand out from the crowd. We encourage our candidates to carry out online courses within high demand and modern technologies such as React, JS, Python & Go. Additionally, it is important for candidates to take on feedback from previous employers or interviewees to identify where their skill gaps may be. Take this on constructively and use this as fuel to fines your ability to add value.

We are predicting a boom in hiring for the tech sector as a lot of corporations and businesses are heavily dependent on Technology to be able to sustain their growth and remain profitable. In a world where technology is always changing and evolving, new technologies are forever going to be a part of our economy, therefore the need for people who are able to work with new tech will never stop.

If you are in the business of ever-changing technologies, get in touch and we’ll help you find a new role that elevates your career!

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