Product Developer Hiring Trends in Iceland

This report was last updated on Aug 9, 2025

Bence Gedai

Founder

I analyze live hiring data and tech job trends across Europe to give CTOs and Product Leaders a strategic edge. By tracking tens of thousands of open roles each week, I uncover which skills, roles, and locations are in highest demand — potential competitors, typical time to hire, talent pool sizes, and more to help you prioritize hiring, benchmark and stay competitive in a fast-moving market.

Key learnings from this report

The Product Engineers job market in Iceland showcases dynamic trends with 60 new roles opened in the past three months, indicating fluctuating demand and a competitive hiring landscape.
Reykjavík emerges as the primary location for Product Engineer opportunities, accounting for 87% of job openings, thus highlighting the city as a central hub for recruitment in Iceland's technology sector.
The median time to hire for Product Engineers currently stands at 33 days, emphasizing the importance of agile recruitment strategies for CTOs and hiring managers aiming to attract talent efficiently.
A significant 44% of Product Engineering positions are at the Mid-Senior level, reflecting a robust demand for experienced professionals while also providing growth opportunities for junior talents in the field.
With a limited talent pool in Iceland, hiring managers face challenges, indicating the need for tailored recruitment strategies to effectively address the future demand for Product Engineers in Iceland's evolving tech landscape.

Number of roles opened and closed for Product Engineers in Iceland in the last 3 months

In Iceland, the Product Engineers job market has demonstrated varying trends over the past 12 weeks. A total of 60 new Product Developer roles were opened, with a peak of 11 positions in week 22, indicating a fluctuating demand for skills in Product Engineering. However, the closure of 58 positions within the same timeframe reflects a competitive landscape, suggesting a balance in supply and demand. This scenario contrasts with other European countries, where hiring trends may exhibit more stability or growth, warranting focused recruitment strategies for CTOs and hiring managers in Iceland's tech sector.

Who else is hiring for product Engineers in Iceland:

Company name	Country	Industry	Founded	# Job openings
Alvotech	Iceland	Research	2013	9
Appen	United States	Information Technology & Services	1996	3
TELUS Digital	Canada	Information Technology & Services	2005	2
Marriott International	Italy	Hospitality	1927	2
Asana	United States	Information Technology & Services	2008	2
CCP Games	Iceland	Computer Games	1997	2
Nordic Luxury	Iceland	Leisure, Travel & Tourism	2013	1
Comport Consulting	null	null	null	1
ATLAS ANALYTICS	Singapore	Information Technology & Services	2021	1
GT Ecom	Netherlands	Retail	2018	1

Here are a few specialized product agencies you can trust:

Want to get personalized matches? Get started

Talent pool vs job openings for Product Engineers in Iceland

How competitive it is to hire Product Engineers in Iceland

The Product Engineers job market in Iceland reveals a challenging landscape for hiring managers. With a limited talent pool of X available candidates against Y job openings, the jobs-to-talent pool ratio suggests that sourcing qualified talent is increasingly difficult. In contrast, countries like Germany, the UK, and France exhibit more favorable ratios, indicating a broader talent pool relative to job openings. This discrepancy emphasizes the need for tailored recruitment strategies for CTOs and engineering managers in Iceland’s tech sector, particularly as future demand for Product Engineers continues to grow.

Seniority distribution of Product Engineer job openings in Iceland

Seniority Distribution of Product Engineering Jobs in Iceland

In the Icelandic product engineering job market, the seniority distribution reveals that 44% of positions are at the Mid-Senior level, followed by 24% at the Entry level, and 7% at the Director level. This distribution indicates a robust demand for skilled mid-level professionals, while also suggesting opportunities for growth at the upper echelons of product engineering roles.

Preferred employment type for Engineering roles in Iceland

The employment type distribution for engineering roles in Iceland highlights a clear preference for Full-time positions, which account for 75% of the job market. Part-time roles make up 19% of the market, while Contract positions represent 7%. This data underscores the stability sought by companies when recruiting Product Engineers in the region.

Time to Hire Distribution for Product in Iceland

How long does it take to hire Product Engineers

The time to hire distribution for Product Engineer roles in Iceland reveals critical insights for hiring managers navigating the recruitment landscape. The most prevalent hiring duration spans 30 days, accounting for 33 placements, indicating a standard hiring timeframe in the Icelandic tech job market. Notably, the hiring process becomes less frequent as durations exceed 40 days, with significant drops observed, emphasizing the need for efficient recruitment strategies. Given the growing demand for Product jobs in Iceland, understanding these hiring trends is vital for CTOs and engineering managers aiming to attract top talent swiftly. To remain competitive, companies must be prepared to adapt their recruitment strategies, particularly for Senior Product Developers, as time to hire can directly impact organizational success.

Expolore reports from other European Developer talent pools

Insights for hiring Product Engineers in Munich

The Product Engineers job market in Germany, specifically in Munich, presents both opportunities and challenges for hiring managers and recruitment strategists.

View Report

Insights for hiring Product Engineers in Italy

The Product Engineers job market in Italy is currently experiencing notable fluctuations, with a peak of 200 new roles posted within the last three months, alongside significant closures that peaked at 159, highlighting the need for adaptive recruitment strategies.

View Report

Insights for hiring Product Engineers in Odense

The Product Engineers job market in Odense, Denmark, shows strong demand, illustrated by an average of 4.1 new jobs posted weekly over the last 12 weeks, contrasting with a closure rate of 2.08 jobs per week.

View Report

View All Job Reports

Most popular cities in Iceland to hire Product Engineers

Top 5 cities in Iceland to hire Product Engineers

The job market for Product Engineers in Iceland shows a significant concentration in Reykjavík, which accounts for 87% of the total openings. Following Reykjavík, the next notable locations include the Iceland region with 10%, and Kópavogur, contributing 5% to the overall job distribution. This data highlights Reykjavík as a pivotal hub for Product Engineer opportunities in Iceland, further illustrated in the accompanying chart.

Most sought after technologies in Iceland for Product

Key technologies for Product Engineers

The burgeoning Product Engineer job market in Iceland reveals a significant demand for professionals skilled in various key technologies. Notably, Product Management is at the forefront, frequently cited with a usage frequency of 11,921, underscoring its critical role. Following closely are Project Management with a frequency of 7,787 and Agile methodologies at 6,583, highlighting the importance of adaptable and iterative processes. Data Analysis emerges as a vital skill, recorded at 5,415, while Business Analysis at 3,336 indicates the necessity for data-driven decision-making. These trends point to a landscape where collaborative and analytical skills are paramount, as illustrated in the accompanying chart.

Have a great project in mind?

We've identified 100+ world-class agencies, drop us a line if you'd like to work with them.