Emerging technologies such as artificial intelligence (AI), cybersecurity, cloud computing, and data science are expected to generate approximately one million 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” sheds light on the significant year-on-year growth in various tech sectors, with AI, machine learning (ML), cybersecurity, blockchain, and data science driving innovation across industries.
Transformative Shift in India’s Technology Workforce
“India’s technology workforce is witnessing a transformative shift. The synergy of traditional skills like ERP (enterprise resource planning) with breakthrough technologies such as AI and ML and quantum computing presents unparalleled opportunities,” said Kapil Joshi, CEO of Quess IT Staffing.
The report emphasizes that strategic investments in upskilling will play a key role as India’s workforce adapts to the growing demand for emerging technologies. These fields are expected to contribute over $150 billion to India’s economy by 2030, strengthening the country’s position as a global tech leader.
Rapid Growth in IT Jobs
India’s IT workforce is projected to expand from 5.4 million to 7.5 million by 2030, adding over 2 million jobs. A notable shift toward emerging technologies and high-demand sectors is anticipated during this period.
Emerging Technologies Transforming Key Sectors
In the banking, financial services, and insurance (BFSI) sector, AI and ML are enhancing customer experiences and risk management, while cybersecurity and blockchain are crucial for securing transactions and detecting fraud.
For the healthcare sector, these technologies are paving the way for predictive analytics, personalized medicine, and telehealth, with data science playing a vital role in drug discovery and patient data analysis. In the retail and e-commerce industry, AI and ML are enabling personalized recommendations, inventory management, and dynamic pricing.
Blockchain and Cloud Computing Demand on the Rise
Blockchain technology is witnessing an extraordinary surge, with global demand growing by over 76% year-on-year in 2023. In India, blockchain job demand increased by 60% between 2021 and 2023, particularly in sectors like BFSI, supply chain, healthcare, and IT services.
Meanwhile, global hiring in cloud computing grew by 30-35% in 2023, driven by industries such as IT services, consulting, media, telecommunications, and automotive, signaling a rapid shift toward cloud-based solutions.
Bengaluru Leads Tech Hiring in India
Bengaluru remains the top city for technology job demand, accounting for nearly 43.5% of the total hiring in the country. Other major tech hubs include Hyderabad, contributing 13.4%, and Pune with 10%.
This report underscores the growing importance of emerging technologies in shaping India’s workforce and economy, with tech jobs continuing to surge across various sectors.
