Jobs
Hiring activity related to cybersecurity increased by a CAGR of 37% in the power industry since 2020
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The global power industry witnessed a 37% rise in compound annual growth rate (CAGR) in new job postings related to cybersecurity since 2020, according to GlobalData's Job Analytics database. New job postings increased by 57% year-on-year in 2021, and by 20% year-on-year in 2022.
Notably, computer and mathematical occupations jobs accounted for 39% share of the global power industry’s cybersecurity-related new job postings since 2020.
Computer and mathematical occupations drive cybersecurity-related hiring activity
Computer and mathematical occupations, with a share of 39%, emerged as the top cybersecurity-related job roles within the power industry since 2020, with new job postings rising by 85% year-on-year in 2021 and by 13% year-on-year in 2022.
Management occupations came in second with a share of 16%, with new job postings rising by 75% year-on-year in 2021 and by 44% year-on-year in 2022.
The other prominent cybersecurity roles include business and financial operations occupations (10% share), and architecture and engineering occupations (9% share).
The top five companies in the power industry accounted for 46% of hiring activity
The top five companies, in terms of the number of new job postings tracked by GlobalData, since 2020 were Siemens, Schneider Electric, Prysmian, Vestas Wind Systems, and Idaho National Laboratory. Together they accounted for a combined share of 46% of all cybersecurity-related new jobs in the power industry.
Siemens posted 4,600 cybersecurity-related jobs since 2020, followed by Schneider Electric with 1,510 jobs, and Prysmian with 1,483 jobs, according to GlobalData’s Job Analytics database.
New job postings by Siemens decreased by 1% year-on-year in 2021 and rose by 8% year-on-year in 2022, while those by Schneider Electric increased by 167% in 2021 and by 3% in 2022.
Hiring activity was driven by the US with a 52% share of total new job postings since 2020
The largest share of cybersecurity-related new job postings in the power industry since 2020 was in the US with 52%, followed by Germany (8%) and the UK (7%). The share represented by the US decreased by eight percentage points from 56% in 2021 to 48% in 2022.
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Job Analytics database 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.
