Hiring Trends: 20 lakh IT jobs in 5 years | 50% in new technologies like AI and Machine Learning Technology

Fresher AI Scientist's salary highest at RS.15 lakh per annum| Generative AI, Blockchain in Top Demand

Job opportunities are increasing for people who have expertise in new-age technology. According to the annual report of IT staffing firm Quess, more than 10 lakh jobs will be created in engineering technologies like quantum computing and generative AI in India in the next 5 years. Interestingly, the annual salary of freshers in this sector is up to Rs 15 lakh.

The report has estimated that up to 20 lakh jobs could be created in India's entire IT sector by 2030. Most of the jobs will be available in technologies like generative AI and blockchain. Bengaluru will be on top with a 43.5% share in total hiring. Hyderabad is second with 13.4% hiring and Pune is at around 10% hiring. Kapil Dev and Fika Teesra Sah Joshi said, "The demand for AI, cyber security, and cloud computing is increasing in India. To meet this, investment will have to be made in increasing the skills of the workforce. By 2030, the share of emerging technology in India's GDP will reach Rs 12.8 lakh crore."

This year, the demand for AI/ML skills has doubled.

While their demand grew by 15% in 2023, this growth increased to 30% in 2024. In the coming years, their demand can grow at a compounded rate of 25-30% annually.

49% of technology sector jobs are in language processing engineering alone

A maximum of 49% of jobs will be found in Natural Language Processing i.e. NLP Engineering. In this, such systems are designed which enable the computer to understand and respond to human language.

The demand for 4 emerging technologies is highest in healthcare, banking, financial services and insurance

AI/ML: This technology enables healthcare, banking, finance, insurance, retail, and automobile sectors in fraud detection and quality control.

Cyber ​​Security: This is the modern method of data security in government organizations, manufacturing, and banking-insurance sectors.

Cloud computing: Makes data management, and customer engagement easier in IT, banking, finance, insurance, and healthcare sectors.

Data science: Helps companies in telecom, e-commerce, banking, financial services, and insurance sectors to make data-driven decisions.

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Note: This blog post contains information from "Dainik Bhaskar" dated: "31-12-2024"