Product Developer Hiring Trends in Reykjavik, Iceland

This report was last updated on Aug 16, 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 Reykjavik, Iceland, has experienced notable fluctuations with a peak of 9 new roles opened in week 22, reflecting a competitive recruitment environment for Product Developers.
Currently, there are 33 open positions for Product Engineers, with a significant concentration of 85% of these opportunities located in Reykjavik, asserting the city as a central hub for talent.
Leading companies hiring Product Engineers include Alvotech, CCP Games, and Appen, indicating a robust demand for skilled professionals across diverse sectors such as research, computer gaming, and information technology.
Hiring for Product Engineer positions remains challenging due to a limited number of job openings compared to the talent pool, necessitating innovative recruitment strategies for CTOs and Engineering Managers in Iceland's tech sector.
The median time to hire for Product Engineers in Iceland is 33 days, highlighting the urgency for hiring managers to adopt efficient recruitment processes to secure suitable candidates in this tight labor market.

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

Over the past 12 weeks, the Product Engineer job market in Reykjavik has exhibited notable fluctuations in activity. The highest number of new roles opened in week 22, with a total of 9 positions, while the lowest recorded was just 1 job in week 32. In contrast, job closures peaked at 7 in week 29, revealing a dynamic balance between openings and closures that hiring managers must navigate. This trend indicates a competitive recruitment environment for Product Developers in Reykjavik; similarly, stakeholders should also consider these dynamics when comparing hiring patterns to other European tech hubs.

Who else is hiring for product Engineers in Iceland:

Company name	Country	Industry	Founded	# Job openings
Alvotech	Iceland	Research	2013	8
Appen	United States	Information Technology & Services	1996	4
CCP Games	Iceland	Computer Games	1997	3
TELUS Digital	Canada	Information Technology & Services	2005	2
Marriott International	Italy	Hospitality	1927	2
Artesa	null	null	null	2
Asana	United States	Information Technology & Services	2008	1
Comport Consulting	null	null	null	1
ATLAS ANALYTICS	Singapore	Information Technology & Services	2021	1
GT Ecom	Netherlands	Retail	2018	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 job market for Product Engineers in Iceland, particularly in Reykjavik, presents a challenging scenario for hiring managers. With a limited number of job openings relative to the considerable size of the available talent pool, the ratio indicates a competitive environment for recruitment. For instance, while Iceland has seen a robust influx in job listings, countries like Germany and the Netherlands showcase a more favorable balance between job openings and talent availability, making it comparatively easier to hire. In contrast, a country like Estonia appears to have a modest number of opportunities, yet its talent pool is proportionally aligned, suggesting that hiring remains accessible there. This disparity suggests that recruitment strategies for CTOs in Iceland's tech sector may necessitate more innovative approaches to attract top talent in a landscape characterized by a tighter supply.

Seniority distribution of Product Engineer job openings in Reykjavik

Seniority Distribution of Product Engineering Jobs in Reykjavik

In the Product Engineering job market in Iceland Reykjavik, the seniority distribution reveals that 61% of positions are classified as Mid-Senior level, representing a significant portion of the available jobs. Entry level positions account for 25%, while Director roles make up 11%. This distribution suggests a strong need for experienced professionals in Product Engineering, indicating trends in hiring Senior Product Developers aligned with market demands.

Preferred employment type for Engineering roles in Iceland

In the Icelandic engineering landscape, the employment type distribution reveals that 75% of positions are full-time, indicating a strong demand for long-term commitments from Product Engineers. Part-time opportunities comprise 20% of the job market, showcasing flexibility in work arrangements. Additionally, contract roles account for 5% of the employment types available, suggesting a niche but essential segment for project-based work.

Time to Hire Distribution for Product in Iceland

How long does it take to hire Product Engineers

The hiring landscape for Product Engineers in Iceland, particularly in Reykjavik, reveals a significant concentration in the time to hire metrics. Notably, the majority of candidates were hired within a 30-day window, with 34 instances recorded at this duration. Furthermore, the data indicates a gradual decrease in hiring frequency as time to hire increases beyond 30 days, with only a few candidates taking over 80 days. This suggests a competitive market for Product Developer opportunities in Iceland, emphasizing the need for strategic recruitment approaches by CTOs and Engineering Managers to secure top talent swiftly.

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.

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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.

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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.

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Most popular cities in Iceland to hire Product Engineers

Top 5 cities in Iceland to hire Product Engineers

The data on the job market for Product Engineers in Iceland reveals a significant concentration in Reykjavík, which accounts for 85% of the total openings within this dataset. Following Reykjavík, the capital region captures 3% of the available positions, while Kópavogur and Akureyri represent 5% and 4%, respectively. This chart illustrates the location distribution and highlights Reykjavík's dominance in the Product Engineers job market in Iceland.

Most sought after technologies in Reykjavik for Product

Key technologies for Product Engineers

In the competitive landscape of the Product Engineers job market in Iceland, particularly in Reykjavik, several technologies stand out as essential for prospective candidates. The most utilized technology is Product Management, with a frequency of 12,627, indicating its critical role in product development initiatives. Following closely are Project Management at 8,271 and Agile methodologies at 7,008, which underscore the importance of iterative development and effective team collaboration. Additionally, Data Analysis, with a frequency of 5,746, emphasizes the increasing reliance on data-driven decision-making. As illustrated in the accompanying chart, the role of Business Analysis (3,584) and Communication (2,272) further highlights essential skill sets sought by employers in this sector.

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