The global construction industry experienced a 28% drop in new job postings related to internet of things in Q2 2023 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to a 7% increase versus Q2 2022. The growing application of Internet of Things will prove to have a transformative impact across multiple sectors. GlobalData’s Internet of Things (IoT) Market report helps keep abreast of the latest trends in Internet of Things, market opportunity forecast and the competitive landscape. Buy the report here.
Notably, Sales and Related Occupations jobs accounted for a 17% share of the global construction industry’s internet of things-related total new job postings in Q2 2023, down 10% over the prior quarter.
Sales and Related Occupations drive internet of things-related hiring activity
Sales and Related Occupations, with a share of 17%, emerged as the top internet of things-related job roles within the construction industry in Q2 2023, with new job postings drop by 10% quarter-on-quarter. Computer and Mathematical Occupations came in second with a share of 14% in Q2 2023, with new job postings dropping by 39% over the previous quarter.
The other prominent internet of things roles include Installation, Maintenance, and Repair Occupations with a 12% share in Q2 2023, Management Occupations with a 8% share of new job postings.
Top five companies in construction industry accounted for 61% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q2 2023 were ADT, Valmont Industries, Vinci, Honeywell International, and Mid-America Apartment Communities. Together they accounted for a combined share of 61% of all internet of things-related new jobs in the construction industry.
ADT posted 948 internet of things-related new jobs in Q2 2023, Valmont Industries 539 jobs, Vinci 302 jobs, Honeywell International 284 jobs, and Mid-America Apartment Communities 277 jobs, according to GlobalData’s Job Analytics.
Hiring activity was driven by the US with a 64.45% share of total new job postings, Q2 2023
The largest share of internet of things-related new job postings in the construction industry in Q2 2023 was in the US with 64.45% followed by India (10.07%) and the UK (4.50%). The share represented by the US was two percentage points higher than the 62.33% share it accounted for in Q1 2023.
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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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