Europe is seeing a hiring boom in ship industry fintech roles
Some parts of the world are investing more heavily in fintech roles than others.
Europe was the fastest growing region for fintech hiring among ship industry companies in the three months ending May.
The number of roles in Europe made up 27.8% of total fintech jobs – up from 9.9% in the same quarter last year. That was followed by Asia-Pacific, which saw a 1 year-on-year percentage point change in fintech roles.
Ship equipment supply, product, and services companies in Europe saw the largest growth in fintech roles in the last quarter compared to the previous year
Change in % share of advertised fintech roles by region during the three months ending May
The figures are compiled by GlobalData, which tracks the number of new job postings from key companies in various sectors over time. Using textual analysis, these job advertisements are then classified thematically.
GlobalData‘s thematic approach to sector activity seeks to group key company information by topic to see which companies are best placed to weather the disruptions coming to their industries.
These key themes, which include fintech, are chosen to cover “any issue that keeps a CEO awake at night”.
Tracking them across job advertisements allows us to see which companies are leading the way on specific issues and which are dragging their heels – and importantly where the market is expanding and contracting.
Which countries are seeing the most growth for fintech job ads in the ships industry?
The fastest growing country was Hungary, which saw 0% of all fintech job adverts in the three months ending May 2021, increasing to 12.5% in the three months ending May this year. That was followed by Spain (up 5.5 percentage points), India (5.3), and Bulgaria (1.4).
The top country for fintech roles in the ships industry is the United States which saw 36.1% of all roles advertised in the three months ending May.
Which cities and locations are the biggest hubs for fintech workers in the ships industry?
Some 22.2% of all ships industry fintech roles were advertised in Hyderabad (India) in the three months ending May. That was followed by San Francisco (United States) with 13.9%, Budapest (Hungary) with 12.5%, and Sofia (Bulgaria) with 5.6%.
Where have ship equipment supply, product, and services companies been hiring for fintech roles?
Top locations for fintech jobs in the ship equipment supply, product, and services sector in the three months ending May
The shipbuilding industry deals with the production of larger (mainly seagoing) vessels intended for the merchant fleet (cargo or passenger transport), the off-shore energy industry, or military purposes.
It also includes products and services supplied for the building, conversion, and maintenance of these ships. The European Commission promotes the industry’s development and addresses competitiveness issues it faces.
The European shipbuilding industry is a dynamic and competitive sector. It is important from both an economic and social perspective. It is also linked to other sectors including transport, security, energy, research, and the environment.
- There are about 150 large shipyards in Europe. Around 40 of them are active in the global market for large seagoing commercial vessels;
- Some 120,000 people are employed by shipyards (civil and naval, new building, and repair yards) in the EU;
- With a market share of around 6% in terms of tonnage and 35% for marine equipment, Europe is a major player in the global shipbuilding industry (total turnover of EUR 60 billion in 2012);
