Product Developer Hiring Trends in Iceland

This report was last updated on Sep 6, 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 Engineer job market in Iceland has shown significant fluctuations in the past three months, with peaks of up to 9 new job openings while experiencing closure rates that reached 11 positions.
Iceland's tech sector is characteristically competitive, making it challenging for hiring managers to secure suitable Product Engineers, highlighting the need for effective recruitment strategies.
The majority of job openings are concentrated in Reykjavík, which boasts 74% of total roles, with Kópavogur and Akureyri following at 6% and 5%, respectively.
The predominant employment type for Product Engineering roles is full-time positions, representing 79% of available offers; understanding these patterns is vital for effective hiring planning.
The median time to hire for Product Engineers in Iceland is currently 33 days, reflecting the swift recruitment processes that hiring managers must navigate to attract top talent.

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

The Product Engineer job market in Iceland has exhibited notable fluctuations over the past 12 weeks, with new job postings peaking at 9 openings in weeks 29 and 34. However, this surge is contrasted by a significant closure rate, peaking at 11 closed positions in week 27. Despite a higher number of openings compared to many other regions in Europe, hiring managers in Iceland's tech sector face challenges with retention, as evidenced by the consistent weekly closures. This dual trend highlights the importance of strategic recruitment initiatives for CTOs and Engineering Managers aiming to attract and secure top Product Developer talent amidst a competitive landscape.

Who else is hiring for product Engineers in Iceland:

Company name	Country	Industry	Founded	# Job openings
Alvotech	Iceland	Research	2013	7
CCP Games	Iceland	Computer Games	1997	3
Appen	United States	Information Technology & Services	1996	3
Stolt-Nielsen Limited	null	Logistics & Supply Chain	1959	2
TELUS Digital	Canada	Information Technology & Services	2005	2
Marriott International	Italy	Hospitality	1927	2
Artesa	null	null	null	2
GT Ecom	Netherlands	Retail	2018	1
Nordic Luxury	Iceland	Leisure, Travel & Tourism	2013	1
Kerecis	Iceland	Medical Devices	2011	1

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Talent pool vs job openings for Product Engineers in Iceland

How competitive it is to hire Product Engineers in Iceland

The talent market for Product Engineers across Europe reveals varying dynamics, particularly when examining the case of Iceland. With a notable number of job openings, the ratio of available talent to these positions indicates a more challenging hiring landscape compared to countries like Germany, France, and the Netherlands. For instance, while Germany boasts a talent ratio that suggests a more accessible hiring process, Iceland's lower talent pool size relative to the number of job vacancies points towards potential difficulties in recruitment. This data suggests that hiring managers in Iceland may need to strategize more effectively to secure suitable candidates in the increasingly competitive tech industry.

Seniority distribution of Product Engineer job openings in Iceland

Seniority Distribution of Product Engineering Jobs in Iceland

In the Icelandic Product Engineers job market, the seniority distribution predominantly skews towards the Mid-Senior level, comprising 55% of the available positions. Entry-level roles represent 28% of the market, while Director-level positions account for 9%. This distribution highlights the competitive nature of hiring trends in Iceland, which may inform recruitment strategies for CTOs and engineering managers navigating this landscape.

Preferred employment type for Engineering roles in Iceland

In the Icelandic engineering job market, Full-time roles represent the predominant employment type, accounting for 79% of available positions. This is followed by Part-time opportunities at 21%, while Contract roles constitute a smaller share, making up only 7%. Understanding these distribution trends is crucial for hiring managers and CTOs as they strategize recruitment efforts for Product Engineers in Iceland's competitive tech sector.

Time to Hire Distribution for Product in Iceland

How long does it take to hire Product Engineers

The time to hire for Product Engineer positions in Iceland reveals critical insights for hiring managers in the tech sector. The majority of candidates (34%) were hired within a 30-day time frame, indicating a relatively swift recruitment process. However, there's a notable drop in hiring at longer intervals, with only 7% of candidates taking 50 days or longer to secure offers. This suggests that CTOs and Engineering Managers may need to refine their recruitment strategies to efficiently capture top talent, as the demand for Product Developers continues to evolve. Additionally, understanding these trends in hiring Senior Product Developers is essential for positioning in the competitive Icelandic job market.

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Most popular cities in Iceland to hire Product Engineers

Top 5 cities in Iceland to hire Product Engineers

In Iceland, the distribution of Product Engineers job openings reveals a significant concentration in key urban areas. Reykjavík leads with 98 positions, representing 74% of the total job offerings. Following closely, Kópavogur accounts for 6% with 8 openings, while Akureyri contributes 5% with 7 positions. This data underscores the capital's dominance in the Product job market in Iceland, emphasizing the need for recruitment strategies that leverage this geographical concentration.

Most sought after technologies in Iceland for Product

Key technologies for Product Engineers

In the evolving landscape of the Product job market in Iceland, certain technologies are notably prevalent among hiring managers. Based on recent data, 'Product Management' emerges as the most frequently utilized technology, with a significant frequency of 14,079. Following closely are 'Project Management' at 9,514 and 'Agile' practices, which are essential for adaptive product development at 7,748. Furthermore, 'Data Analysis', with a frequency of 6,549, underscores the growing importance of data-driven decision-making in Product roles. These insights, illustrated in the accompanying chart, reflect the current trends in hiring Senior Product Developers in Iceland and can inform recruitment strategies for CTOs looking to attract top talent.

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