Although South Africa doesn’t exactly lead the market when it comes to digital innovation, our tech sector does account for just under one-third of all employment opportunities across the board. Jobs in tech have grown at more than twice the rate compared to those that aren’t within the tech industry, and this rate is forecast to increase by 20% over the next decade.
This is great news for anyone seeking employment within the tech sector. With SA facing somewhat of a skills shortage crisis, it’s a job seekers market. If you possess some of the most sought-after skills, you’ll be able to command big salaries with some of the most innovative companies in SA today.
Smart technology is already a reality, and AI isn’t far behind it in the race. Technological advances are set to continue apace, which is why the industry needs to keep up to stay competitive with Europe, the UK, and the rest of the world. So what are some of the most lucrative sectors for finding employment in the tech arena right now?
Top-paying sub-industries of tech in SA
The financial services sector occupies a massive chunk of SA’s GDP. And the good news is that new opportunities are always opening up as far as financial technology is concerned. Financial technology, for those of you that aren’t up to speed with modern terms, is also known as Fintech. Fintech is one of the UK’s fastest growing sectors, and it won’t be long before the trend spreads like wildfire on local shores. The only problem with this market boom is that there’s a considerable skills shortage. Professionals that work with fintech need to be able to work with a wide range of services and need to have an abundance of skills, all of which are related to the design and delivery of financial services. Regardless of whether you want to become a financial analyst or a software architect, you can start searching for your dream job right here.
As more and more businesses migrate to the cloud, security breaches are becoming more and more commonplace. In fact, quite a few SA corporations have been victims of cyber-attacks over the last few years. Hackers are using more sophisticated disruptive and destructive antics, which is why the need for skilled cybersecurity professionals is in high demand. Some of the most widely advertised cybersecurity roles include application security, cyber security engineers, network security, cloud security, and data security officers. Just like with most other tech jobs, businesses are really battling to find suitable candidates for these roles, which just makes potential candidates that much more enviable.
Big data is a big word that’s making waves across the world. As businesses (and society) try to focus on connected data, the need for trained professionals that can make sense of it all is rapidly rising. Before a business can shape it’s strategy, products, services or customer journey, heaps and heaps of data need to be collected from various digital sources before it can be analysed and used. It is predicted that over 50 billion devices will be connected to the Internet by 2020, which is a mind-boggling amount of data that will need to be processed. If you’ve got shrewd business intelligence and in-depth analytical and technical skills, you’re in luck and can take home anything in upward of R676,092 per year working as a big data professional.