Thursday, December 5, 2024

IT Hiring Boom: 10-12% Growth Expected in Next 6 Months

The IT sector in India is poised for significant growth, with hiring expected to increase by 10-12% over the next six months.

This surge is driven by the rapid evolution of technology, which is reshaping industries and economies worldwide.

Emerging Technologies and Job Creation

Emerging technologies such as Generative AI, Deep Tech, and Quantum Computing are set to create over a million jobs. This growth will occur by 2030.

These technologies are fueling demand for skilled professionals, particularly in areas like AI/ML, Analytics, and Cybersecurity.

According to a report by Quess Corp, 79% of the aggregate demand comes from the top five skill suites: Development, ERP, Testing, Networking, and Data Science.

The report highlights a significant increase in demand for specialized roles and skills.

Between the first and second quarters of FY25, there was a 30% rise in demand for Java professionals.

Additionally, there was a 20% increase for cybersecurity experts and a 25% growth for DevOps roles.

This trend underscores the importance of specialized skills in the evolving tech landscape.

Global Capability Centres (GCCs) have become critical to India’s tech hiring landscape.

These centers are driving demand for specialized skills in AI, Cloud, and Cybersecurity, and are expanding into tier II and III cities to tap into untapped talent pools.

Cities like Bengaluru, Hyderabad, and Pune are leading the hiring boom, with Bengaluru alone accounting for 62% of hiring requests.

Geographical Distribution of IT Hiring

The report reveals that the tech landscape in India is experiencing a boom, with Bengaluru emerging as the undisputed leader.

The West region follows with 14% of hiring requests, while the North and East regions account for 8% and 0.4%, respectively.

After Bengaluru, Hyderabad and Pune are the next major hubs for tech hiring.

Kapil Joshi, CEO of Quess IT Staffing, stated, “India, with its burgeoning tech talent pool and innovative spirit, is at the forefront of this digital revolution.”

He added, “Therefore, IT services hiring will grow 10-12% in the next 6 months.”

Industry leaders see the rapid evolution of technology as a key driver of job creation and economic growth.


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Sahiba Sharma
Sahiba Sharmahttps://sightsinplus.com/
Sahiba Sharma, Senior Editor- Content at SightsIn Plus. She has rich experience in content writing, having previously worked with GKMIT, Zimyo, Crystaltech eSolutions, Integrated Resources, Inc, and Dynamics Square.