Bengaluru, Dec 30: The rapid adoption of emerging technologies such as artificial intelligence (AI), cybersecurity, cloud computing, and data science is set to create 1 million new jobs in India by 2030, according to a new report by Quess IT Staffing, a leading provider of technology staffing solutions.
The Technology Skills Report, December 2024, highlights a transformative shift in India’s technology workforce, projecting an increase from 5.4 million to 7.5 million workers by 2030. The integration of traditional skills with advanced technologies like machine learning (ML) and quantum computing is driving this growth.
“India’s technology workforce is witnessing a transformative shift,” said Kapil Joshi, CEO of Quess IT Staffing. “The synergy of traditional skills like ERP with breakthrough technologies such as AI, ML, and quantum computing presents unparalleled opportunities.”
Emerging technologies are expected to contribute $150 billion to India’s economy by 2030, reaffirming the country’s position as a global technology leader, the report noted.
Key sectors driving the demand for technology talent include:
-Banking, Financial Services, and Insurance (BFSI): AI and ML are enabling personalized customer interactions and advanced analytics for fraud detection and risk management. Cybersecurity and blockchain technologies are becoming critical for secure transactions and identity management.
- Healthcare: Technologies like predictive analytics, personalized medicine, telehealth applications, and data-driven drug discovery are transforming the sector.
- Retail and E-Commerce: AI-driven personalized recommendations, dynamic pricing, and inventory management are reshaping consumer experiences.
The report highlighted significant growth in hiring for blockchain and cloud computing roles:
- Blockchain demand increased 76% globally year-on-year (YoY) in 2023 and grew 60% in India between 2021 and 2023, driven by applications in BFSI, healthcare, and supply chains.
- Cloud computing roles saw a 30–35% YoY growth globally, fueled by the IT services, consulting, media, telecommunications, and automotive industries.
Bengaluru continues to dominate India’s tech hiring landscape, accounting for 43.5% of demand, followed by Hyderabad (13.4%) and Pune (10%).
The report emphasized the importance of upskilling as the workforce adapts to the demand for emerging technologies. Strategic investments in workforce training for AI, cybersecurity, and cloud computing will play a crucial role in preparing employees for future challenges.
“AI, ML, cybersecurity, and cloud computing are revolutionizing industries with innovative applications,” said Joshi. “Emerging technologies reaffirm India’s position as a global technology leader.”
The report underscores the urgent need for continued investments in skill development to harness the full potential of these transformative technologies, positioning India at the forefront of the global tech revolution.
