Although there is no sure fire way to predict how the future employment market will appear, this is the common forecast.
When studying the current employment predictions for the 2014 IT job market, it is very challenging to get a grip on how things will look or what role mobile technology will play in those trends, except that it looks as though – regardless of the numbers – it will be that sector that will lead the way within the marketplace.
There will likely be some overall increases in hiring within the IT market as a whole.
That said, it is believed that while there will still be growth in IT in total, the increases will be cooling slightly next year when compared to previous years. The one area where there will still be quite a large demand for skills and experience is in mobile technology. There are still going to be techs required pretty much across the board, but it will be those with some expertise in the smartphone, tablet, and other wireless gadget field that will be the most highly in demand.
The mobile technology trends throughout this year should give some good ideas as to what next year has in store.
Although 2014 will hardly be a mirror of what was experienced this year in terms of hiring in various different categories of IT, there is still a great deal of hype around big data, cloud computing, and smartphone and tablet technologies that doesn’t appear to be going away. In fact, companies are still struggling to fill their positions with IT pros that have skills in those areas, which means that the demand should remain solidly increasing in those areas. This also means that for people who do have those skill sets, the salaries are still being pushed upward.
In terms of good IT talent in those specific hot areas, the demand of employers is quite outweighing the supply of good quality workers. Overall, it is the mobile technology area that will be the hottest in 2014. This includes a range of different parts of that field, from security to computing and data analysis.
Report sheds light on wallet applications
Allied Market Research has released a new report that focuses on the growing value of mobile wallets. Mobile commerce has taken hold in many countries around the world, which has exposed consumers to mobile wallets. These tend to be simple applications that are designed to store a consumer’s financial information as well as digital information being provided by retailers and merchants in general. This information typically takes the form of loyalty rewards, but mobile wallets can also be used to store digital versions of tickets to events and travel passes.
Consumers may be growing more interested in wallet apps
While mobile commerce has helped boost the popularity of mobile wallet applications, the growing reliance that many people are forming on their smartphones and tablets has ensured that these applications have a strong future. Even those that are uninterested in mobile commerce can make use of these wallet applications, using them as a convenient form of storage.
Mobile wallet market to hit $50 billion by 2020
The report from Allied Market Research predicts that the global mobile wallet market will reach $50 billion by the end of 2020, experiencing a compound annual growth rate of 127% from 2013 to 2020. The report suggests that the majority of consumers that embrace wallet applications will use these platforms to participate in mobile commerce in some manner. Notably, the report predicts that the number of NFC-based mobile wallets will increase in the coming years despite the dropping popularity of NFC in the mobile commerce field.
Caution concerning NFC remains strong
NFC devices are becoming more abundant as device makers and mobile operators work to expose consumers to new technology. NFC had been quite popular in mobile commerce in the past, but security concerns have lead to something of an exodus away from this technology. Despite these security concerns, however, NFC devices are still finding their way to consumers, many of whom are using NFC technology simply to share digital information rather than participate in mobile commerce.