Blockchain technology has taken off, transforming every other industry. With the benefits of the technology being realized every day, companies all over the world have been on the hunt for professionals with blockchain skills. This has created a huge blockchain jobs market, with Gartner estimating it to hit $176 billion by 2025 and a whopping $2.8 trillion by 2030.
As reported by CoinGeek, it’s the global tech giants that have been the biggest investors in the technology. IBM, Accenture, Oracle, SAP, Amazon, Alibaba, Baidu and Microsoft are just a few of global firms that are aggressively investing in the research and development of blockchain.
Despite the crypto winter of 2018, blockchain jobs didn’t take a hit according to TeqAtlas, a Swiss research and consulting firm that focuses on emerging technology. Speaking to CoinGeek, the firm revealed that firms investing in blockchain technology have a long-term outlook and are unfazed by temporary market movements.
While this labor market is growing, it’s still relatively small compared to other emerging technologies such as artificial intelligence and the Internet of Things. For instance, in the U.S., there are over 10,000 AI specialists, with blockchain specialists not even accounting for a fifth of that number.
Opportunities are rising and with it, the number of skilled professionals. In the Future of Jobs report by the World Economic Forum, blockchain was listed among the roles that have seen accelerating demand globally.
The biggest impediment that companies face with blockchain technology is the lack of skilled workers, TeqAtlas revealed. Citing data from an earlier report on emerging technologies for SMEs, the firm stated that the number of professionals who have a deep understanding of blockchain technology is quite small. Moreover, the technology is constantly evolving,