The Indian IT industry is expected to hire around 250,000 new jobs in 2019 further contributing to the growth of the sector, according to projections by HR and staffing solutions provider TeamLease Services.
And other than IT and startup firms, non-tech companies are also expected to absorb significant tech talents
While the ‘Digital India’ initiative has been one of the key contributing factors in the growth of IT, telecom and e-commerce sectors, some other reasons behind this optimism is increasing investments in digitization and automation as well as improvement in financial services and digital businesses. With so many companies embarking on digital transformations, business-IT hybrid roles will emerge to help organizations fulfill their evolving digital visions, it said.
Furthermore, the demand in the IT sector has been quite positive the second half of 2018. Investment scenarios have become more conducive and more organisations are coming to play in the sector. Another lookout for 2019 is the run up to the launch of 5G services which will also increase the demand of technology professionals.
“The overall job landscape in the IT sector will undergo radical changes over the next few years and certain job roles will continue to see increased demand. Some of the areas wherein positive growth in hiring is expected are computer, mathematical, architecture and engineering related fields,” said Alka Dhingra, General Manager, TeamLease Services.
By 2020, the demand for data analytics in sectors will continue to increase employment opportunities by 25 per cent. Some prominent roles in demand will be computer software developers, information security analysts, machine learning, mobility, cloud engineers, DevOps professionals, network analysts and cyber security experts. “Health-Sciences and FinTech are two industries who are going to hire extensively for data analytics and machine learning”, added Dhingra.
According to the report, startups will be strong contributors in generating employment through the year because of their expanded adoption of AI, Robotics, Blockchain and IoT. Addition of IT jobs will be witnessed across non-technology firms and will contribute to job growth due to the pervasion of digitization across sectors, she added.
The projections noted that organisations today prefer candidates with higher learning abilities (especially in the 0-5 year experience slab). Senior level hiring is likely to witness shrinkage in 2019 as mid-level hiring will continue to rise. An investment in IT re-skilling is also likely to increase by around 20 per cent in 2019.
Projected growth in job roles
- 25% increase in big data, business intelligence and analytics
- 3% increase in cloud computing SaaS
- 8% increase in mobility roles
- 5% increase in machine learning engineers
- 2% global content solutions
Source – Business Standard
