The cloud computing job market is red hot. The industry grew by 3,600 jobs in the US alone in July, according to the Bureau of Labor Statistics.
A report by The Washington Post on the latest statistics indicate that computer systems design and related services will add jobs at triple the rate of the US economy as a whole from 2010 to 2020, resulting in a net gain of over 670,000 jobs.
These new jobs are arriving as the sector struggles to fill all available positions. An International Data Corporation report found that at the close of 2012 there were 1.7 million cloud computing jobs unfilled around the world.
While some analysts believe the growth in cloud computing jobs is related to a decrease in non-cloud IT jobs, there are indications that the demand for industry jobs is catching up with the supply of workers. A recent report by Foote Partners showed growth of between 1.4 and 1.8 percent in value for certain certifications in Q2 2013, after years of dropping value.
The pay increase may reflect a greater emphasis on certified cloud computing staff, rather than a change in the balance of the job market.
“For example, if a bank adopted cloud computing, it would result in employment growth for the cloud vendor, but there would likely be decreased employment in the bank’s own IT department,” Lauren Csorny of the Office of Occupational Statistics and Employment Projections wrote in April.
IT professionals seeking jobs in cloud computing will take the same approach whether the jobs are truly “new” or not. For those who select and obtain the right training and certification to take advantage of the industry shift, or growth, there are jobs available.
For companies in the cloud, efficiencies are making hiring cloud computing employees a net positive. Cloud adoption is giving businesses “more available resources to invest in other aspects of the business,” according to Anirban Basu of Sage Policy Group. “People came to realize that cloud computing has many applications other than storage, and that cloud computing will feed into other operations more broadly.”
Optimism about cloud computing growth and related hiring has become common to web host industry news. After announcing on Tuesday it had raised $10 million for cloud startup growth, CloudPhysics referred explicitly to its intention to “hire the industry’s best engineering talent.”
With cloud markets expected to grow to $2.49 billion in the next five years, corresponding increases in cloud-related payroll should be expected. If cloud solutions continue to connect businesses to their markets more efficiently, the industry shift will be good for those companies adopting cloud technologies, IT professionals, and the economy as a whole.