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20 Oct 2023

Cybersecurity hiring activity dropped in the power industry in Q3 2023

Cybersecurity hiring activity dropped in the power industry in Q3 2023
The global power industry experienced a 21% drop in new job postings related to cybersecurity in Q3 2023 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to an 11% decrease versus Q3 2022. 

Notably, Computer and Mathematical Occupations jobs accounted for a 19% share of the global power industry’s cybersecurity-related total new job postings in Q3 2023, down 27% over the prior quarter.

Computer and Mathematical Occupations drive cybersecurity-related hiring activity

Computer and Mathematical Occupations, with a share of 19%, emerged as the top cybersecurity-related job roles within the power industry in Q3 2023, with new job postings drop by 27% quarter-on-quarter. Management Occupations came in second with a share of 10% in Q3 2023, with new job postings dropping by 14% over the previous quarter.

The other prominent cybersecurity roles include Architecture and Engineering Occupations with a 6% share in Q3 2023, Business and Financial Operations Occupations with a 6% share of new job postings.,

Top five companies in power industry accounted for 50% of hiring activity

The top companies, in terms of number of new job postings tracked by GlobalData, as of Q3 2023 were Siemens, Prysmian, Amentum Services, Schneider Electric, and A2A. Together they accounted for a combined share of 50% of all cybersecurity-related new jobs in the power industry.

Siemens posted 1,072 cybersecurity-related new jobs in Q3 2023, Prysmian 626 jobs, Amentum Services 256 jobs, Schneider Electric 156 jobs, and A2A 130 jobs, according to GlobalData’s Job Analytics.

Hiring activity was driven by the US with a 37.75% share of total new job postings, Q3 2023

The largest share of cybersecurity-related new job postings in the power industry in Q3 2023 was in the US with 37.75% followed by Germany (8.98%) and Italy (7.23%). The share represented by the US was six percentage points lower than the 43.79% share it accounted for in Q2 2023.

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