Tech Talent Demand Drives Growth in European Markets: CBRE Analysis

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Demand for pan-European tech talent is on the rise off the back of new technology
deployment, according to CBRE’s inaugural Global Tech Talent Guidebook.
Technologies including AI are driving tech industry employment growth across 75 global
markets, 25 of which are in Europe, the Guidebook analyses found. All of the European
markets in the report recorded tech industry employment growth between 2017 and 2022.
Demand for tech talent is starting to outstrip supply in some markets meaning that employers
are casting their nets wider when it comes to bringing new talent on board, a trend driven by
high labour costs and the greater acceptance of remote working in many global markets.
CBRE identified Bucharest, Porto, Seville, Tallinn, Valencia and Wroclaw as being among
the growing number of emerging markets across Europe, based on a range of factors
including tech talent growth, educational attainment, governance and existing tech
“The surge in tech talent demand in a number of countries across Europe is outpacing supply,
leading more tech companies to seek out lesser-known markets where they can be an
employer of choice,” said Mike Gedye, CBRE’s Head of Tech, Media and Telecoms for
Europe. “Rising demand for tech skills in various industries is further fuelling a shortage of
skilled professionals, with the fastest growing fields such as artificial intelligence, deep tech
and even quantum computing set to see the strongest competition. The future of tech talent
will be centered around quality as much as quantity, and the search for these specialisms will
be increasingly distributed across tech clusters that can sustainably deliver this specialist


Emily Wright

Head of Content


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Original article posted on February 19, 2024

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