According to the TIC Monitor report by VASS Research, job creation in the ICT services sector continues to break records and marks the highest record in three years with 5.9% year-on-year growth, since 2019. This increase in the demand for talent The specialized sector is the third highest in the services sector, surpassed only by the tourism sector and personnel placement activities, whose year-on-year growth is due to the sharp drop in activity last year.
“The forced reconversion caused by the systemic crisis triggered in 2008 has had digital services as one of its main engines. If, compared to January 2008, employment in the services sector has not yet recovered its previous level, even falling by 2%, employment in the services sector related to information technology, consultancy and programming activities has increased by no less than 32.6%”, points Anthony Wheel, director of VASS Research and head of TIC Monitor.
The data shows how, as the indicators move towards the end of the year, the digital services industry consolidates its recovery, with a strong rebound that remains firm over time and leads the services sector.
In this sense, in terms of activity, the turnover improves compared to the previous installment. In the last 12 months, from September 2020 to September 2021, the increase in turnover has been 14.1%. This places the level of activity 10.4% above that in March 2020, when the pandemic broke out.
Likewise, as was the case last month, businessmen continue to remain optimistic regarding the expectations of the evolution of turnover and job creation in the short term and, therefore, the indicators maintain their positive trend.
Billing growth forecasts
On a scale +/-100, the expectations of the evolution of the billing stand at +52 points, that is to say, 76% of the entrepreneurs of the ICT services sector predicts growth. In addition, until next February, the billing evolution forecast is 45% more optimistic than the EU average.
Regarding the employment hiring indicator, despite contracting compared to last month, it maintains a level of +35.7 points. On a +/-100 scale, the expectations of increasing the workforce are favorable for 67.9% of employers.
“All this happens in a context of exasperating slowness in the allocation of European funds for digital transformation. But even so, the process of change is underway, it is unstoppable and irreversible. As inflation undermines the bottom line of companies, threatening 2022 budgets, operational efficiency is an indispensable lever to maneuver in this context”Wheel explains.
