The global construction industry experienced an 8% drop in new job postings related to cloud in Q1 2023 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to a 23% decrease versus Q1 2022. The growing application of Cloud will prove to have a transformative impact on the construction sector. GlobalData’s Cloud Market report helps keep abreast of the latest trends in Cloud, market opportunity forecast and the competitive landscape. Buy the report here.
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Notably, Computer and Mathematical Occupations jobs accounted for a 32% share of the global construction industry’s cloud-related total new job postings in Q1 2023, down 23% over the prior quarter.
Computer and Mathematical Occupations drive cloud-related hiring activity
Computer and Mathematical Occupations, with a share of 32%, emerged as the top cloud-related job roles within the construction industry in Q1 2023, with new job postings drop by 23% quarter-on-quarter. Management Occupations came in second with a share of 12% in Q1 2023, with new job postings rising by 2% over the previous quarter.
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The other prominent cloud roles include Business and Financial Operations Occupations with a 7% share in Q1 2023, Architecture and Engineering Occupations with a 6% share of new job postings.
Top five companies in construction industry accounted for 29% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q1 2023 were Vinci, CDM Smith, Honeywell International, Johnson Controls International, and Eaton. Together they accounted for a combined share of 29% of all cloud-related new jobs in the construction industry.
Vinci posted 737 cloud-related new jobs in Q1 2023, CDM Smith 575 jobs, Honeywell International 528 jobs, Johnson Controls International 264 jobs, and Eaton 251 jobs, according to GlobalData’s Job Analytics.
Hiring activity was driven by the US with a 53.93% share of total new job postings, Q1 2023
The largest share of cloud-related new job postings in the construction industry in Q1 2023 was in the US with 53.93% followed by India (13.68%) and Canada (5.13%). The share represented by the US was three percentage points lower than the 56.45% share it accounted for in Q4 2022.
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GlobalData’s Jobs Analytics uses machine learning to uncover key insights from tracking daily job postings for thousands of companies globally. Proprietary analysis is used to group jobs into key thematic areas and granular sectors across the world’s largest industries. classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
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