As technology continues to advance and play a bigger part in our daily lives, the UK’s digital economy is positively booming.
As technology continues to advance and play a bigger part in our daily lives, the UK’s digital economy is positively booming. Naturally, this is having an impact on the jobs market because as demand for professionals with digital skills increases, the industry is creating record numbers of jobs across the country.
Earlier this year, Britain’s technology sector was hailed as “extraordinary” after a report revealed that companies within this industry are generating a whopping £161bn for the economy. What’s more, between 2011 and 2014, the digital economy grew 32% faster than the rest of the economy and is now creating jobs at a remarkable rate.
During the same period, the workforce in the digital sector grew by more than 10% which is three times faster than the wider UK jobs market. This means that the industry now accounts for an impressive 1.56 million jobs across the country. What’s more, the average advertised salary in digital roles is just under £50,000 which is 36% higher than the national average.
Earlier this year, former Prime Minister, David Cameron commented:
“The digital economy is expanding at an extraordinary pace, creating jobs and fuelling growth in regions and cities up and down the country, providing security and opportunities for working people. Britain’s world leading tech sector gives us a competitive edge that is not just transforming our daily lives, but also our economy. Tech is transforming the way we do all kinds of business”
A report carried out by Tech City revealed that app and software development is the fastest growing niche in the digital sector after witnessing overall growth of 17% last year. This was followed by data management and analytics and then hardware, devices and open source hardware.
Interestingly, Leeds, Newcastle and Sunderland generated the biggest increases in salaries for digital roles and Reading and Bracknell jointly experienced the largest growth in start-ups. This was followed by Brighton and then Cambridge in third place.
Eileen Burbidge, chair of Tech City UK commented:
“The UK’s credentials as a home for digital excellence have been well established. The opportunities are enormous if we are to fulfil our potential as a nation driven by digital tech innovation.”
Further research carried out by telecommunications company, O2 has revealed that over two million skilled workers will be needed by 2020 in order to fulfil the UK’s digital potential. It’s thought that 47% of these new jobs will be based in London and the South East alone.
Currently, almost 1.5 million people (7.5% of the UK workforce) are employed in digital industries but this is a number that’s expected to grow significantly in the coming years.
If you would like help finding a job in the digital industry, please feel free to contact Alpha and we will be more than happy to assist.
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