10 Hottest Developing Markets for Technology Consultants Worldwide
In a worldwide survey of CIOs conducted by Harvey Nash and KPMG, 63% of CIOs in technology companies reported that they plan to develop more innovative new products and services. 46% of CIOs across all industries are expected to increase their IT budget within the next year.
This means that there are more opportunities than ever for talented IT and telecommunications professionals who possess the skillsets necessary to help organizations become more competitive. The greatest challenge facing these candidates is to cut through the noise and find the position that matches their particular skill set and career interests.
Consider this your guide to the technology markets that offer the greatest potential for skilled consultants around the world. Below, we share the fastest-growing geographies within the IT and telecommunications industries. Read on to discover where your next great position could be located, and search Link Consulting Services’ open positions to find the one that fits you.
1. Barcelona, Spain
Like its sister city Madrid, Barcelona is quickly moving onto the worldwide technology scene. According to government data, the city is home to more than 1,000 startups that employ more than 10,000 people. Combine that with significant international investment, a number of incubators and accelerators in the area, and plenty of venture capital, and you have an ideal technology ecosystem.
In fact, Barcelona hosts the annual Mobile World Congress, the world’s largest gathering for the mobile industry, every year around February and March. With more than 400 operator companies from 200 countries, it is a great event for highly-skilled technology talent to learn about upcoming industry developments and connect with cutting-edge organizations.
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2. Shenzhen, China
30 years ago, Shenzhen was a fishing town. Today, it is a growing technology giant that boasts the likes of Huawei and ZTE, among others. For talented IT and telecommunications professionals, this means the opportunity to work with some of the world’s best corporations in an environment that becomes more innovative by the day.
Best of all, the city is committed to attracting top talent. The government spent more than US$600 million in one year alone appealing to knowledgeable IT and telecommunications professionals and academics.
3. Bangalore, India
An exploding population of young programmers is putting Bangalore on the technology map. Where there is skilled talent, employers will follow… which is exactly what is happening in this Indian city. One McKinsey study predicts that India will transform into the largest technology hub in the world by 2020. If you have never considered India as your next workplace, it is time to reconsider.
4. Chicago, U.S.A.
Although Silicon Valley gets all the glory, there are several hot IT and telecommunications markets outside of California that are giving the well-known technology nucleus a run for its money. A report from KPMG named Chicago among the top 10 technology innovation clusters in the world, tied in sixth place with Berlin and Washington, D.C. According to Built In Chicago, the city landed US$1.7 billion in funding in 2016—a sign that top organizations recognize Chicago’s potential within the IT and telecommunications markets.
5. Johannesburg, South Africa
More programmers are moving from Cape Town to Johannesburg, South Africa, Quartz Africa reports. This exodus stems from the higher pay coming from Johannesburg’s larger corporations, who reward their experienced developers. In fact, developers in the city out-earn their Cape Town counterparts starting at the five-year experience mark.
Overall, a more attractive benefits package designed to lure IT and telecommunication talent from Cape Town spells good news for both employers and employees.
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6. Buenos Aires, Argentina
Among the top 10 hottest developing technology markets in the world is Buenos Aires. Despite a struggling unemployment rate and political difficulties, entrepreneurs are opening more co-working spaces around Buenos Aires, students are flocking to coding schools, and experienced investors are guiding the development of programs designed to assist entrepreneurs. In a few years, this Argentinian capital may be on equal footing with some of the other up-and-comers on this list.
7. Santiago, Chile
A few startups producing some very innovative products have been drawing more attention to Chile in recent years. For instance, a company called FreshWater has created a machine designed to collect moisture from the air, filter it, and dispense drinkable water. With the Idea Factory, a technology incubator, facilitating and promoting more of these innovations—including a thought-controlled wheelchair—IT and telecommunications professionals would do well to keep their eyes on Santiago, Chile for future employment.
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8. Detroit, U.S.A.
Another American city with a growing tech reputation, Detroit is no longer the crippled city it was during the Great Recession. With auto manufacturers bouncing back and striving to more thoroughly integrate technology into the automotive industry, The Motor City has its sights set on autonomous vehicle (AV) technology, clean energy, and technological support to improve the automotive experience.
While the future of automobile ownership and infrastructure undergoes significant changes, do not count Detroit out for the count.
9. Hong Kong, China
The second Chinese city on this list, Hong Kong is still struggling to find its footing.
However, there are several notable female entrepreneurs making a name for themselves in the industry and helping other startups along the way. For instance, Joanna Cheung, founder of TusPark Global Network, has established more than 50 affiliate co-working spaces within and outside of Hong Kong. As more infrastructure is put into place and a greater number of tech leaders enter the market, there will be even more opportunities for telecommunications and IT professionals.
10. Tel Aviv, Israel
Eric Schmidt, executive chairman of Google’s parent company Alphabet, claims that Israel’s technology market is #2 in the world, behind only Silicon Valley in its power and potential. Tel Aviv—Israel’s second largest city—is at the heart of this digital maelstrom, with a slew of companies that Schmidt reports may soon be worth more than a billion US dollars. As these companies grow and become more competitive, they will need highly skilled talent, which spells a bright future for consultants worldwide.
With these hot, developing IT and telecommunications markets around the world,
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