Demand for IT Contractors on the Rise

Reports released by the Centre for Economics and Business Research have revealed that data equity earnings are predicted to rise 400% by 2020, from £12 billion in 2012. This could potentially have a great impact on IT Contractors in the next few years.

The skills gap has a lot of responsibility for this. It is becoming more apparent that this shortage within the IT sector is creating huge demand for specialist contractors. This could also potentially be great news for the growing number of IT graduates, who may find contractor work more appealing with greater opportunities.

The banking and telecoms sectors are said to be the main benefactors from the rise in the number of IT contracts. Retail banking in particular is expected to be a data analytics leader by 2020.

Overall, this could potentially mean a greater outlook in the near future for both graduates and seasoned IT Contractors, with a great demand for filling the skills gap within the banking industry.

If you are a contractor or are planning to become one and want to take the stress out of managing your finances whilst saving time and money, then our team can help. Call today on 01442 275789 or email newbusiness@sjdaccountancy.com to learn more.

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