2020 Salary Guide in Technology & Digital

The global technology market is evolving and growing.  Emerging technologies in the way of artificial intelligence, IoT, big data, and automation are generating disruption across all industries and are calling for the transformation of employee skill-sets to adapt to this changing global market.

The power of the global tech market also presents a significant opportunity in terms of employment. According to Comptia, the US has seen a 74% yearly growth rate in emerging technology job postings. Employers are seeking out ICT professionals with a high demand for digital skills in areas such as data science, data analytics，and cybersecurity.

As global businesses increasingly become interconnected, the reliance on emerging digital technologies for communication and data exchange will only increase. 

With this change comes the need to adapt, yet the opportunities presented for the workforce are limitless.

The rapid development and adoption of technology in various sectors focused on implementing digital transformation and slicker processes to remain competitive. 

This further drove the demand for candidates who were technically proficient and innovative, with those specialised in data science, artificial intelligence (AI), cloud, cyber security and solutions architecture most in demand. 

The guide benchmarks the salaries of various job functions across the Technology and Digital area. Leveraging data from Michael Page’s proprietary database, studies and observations, gain precious insights to hiring trends and market sentiments.

As industries invest in digitalisation, demand for digital and e-commerce talent will increase. With more focus on cloud transformation, demand for cloud architects and engineers will increase. Data scientists, data architects and analytics talent are in high demand. Those who can achieve better business results with data insights are highly preferred.

China is rapidly digitizing various industries and e-commerce is leading the way. McKinsey predicts that China’s e-commerce market is estimated to be larger than those of France, Germany, Japan, the United Kingdom, and the United States combined. International retail companies that want to maintain their prime position in China are forced to digital transformation and dramatically revolutionize their web and social media presence.

Social media and e-commerce platforms will converge at unprecedented rates due to growing popularity of social commerce applications. There will be continuous investments in digital transformation within companies from retail, hospitality, transportation to healthcare will drive the trend further in 2020. There is a notable rise of Digital Therapeutics (DTx) as the pharmaceuticals industry has become increasingly interested in the digital health space.