Every few years, job requirements change, and old jobs are phased out in favour of new jobs created by advancements in technology and infrastructure. As technology advances, digital is taking the world by storm; yet, there are many more potential career opportunities in India that will be opening their doors in the near future. People typically study and work toward a job that is now in demand, but by the time they obtain their degrees or gain sufficient experience, the need has shifted dramatically.
According to a survey by NASSCOM, future skills demand is expected to grow to 3.5-3.7 million by 2024, rising from the present 1.2-1.3 million currently employed by the industry. Building on that, here are the top 5 predicted jobs that will be in demand in the next few years, so candidates can get a head start on their careers.
The IT business is experiencing a boom, and blockchain is one of the fastest-growing skill sets, with jobs in this field rising at a rate of 2,000-6,000 percent. As a result, developers earn between 50 and 100 percent more than traditional coders. Developers are the kings and queens of the job market and platform developers are essential in granting companies a competitive edge through developing complex business logic and interfaces. They aren't just today's makers; they're also the creators of tomorrow. While they must be able to code, today's demand for IT talent also hinges on their ability to understand what customers require and how technology can meet those needs in the most effective and seamless manner possible.
According to the report by "Digital India", India's labour force will rise by about 540 million by 2025, with industries such as government services, newly digitising sectors, core IT sectors, and so on. Digital talents, on the other hand, are in high demand. India alone will need 1.3 million Salesforce Platform Developers. In fact, Salesforce and its ecosystem partners alone are expected to produce 9.3 million new employment opportunities for developers worldwide by 2026, according to a new study by IDC.
Today's businesses are looking for more effective methods to use technology to improve their products, services, and procedures. The need for a full stack developer arises in capital markets, where firms take on large or specialised projects in investment banking, asset servicing, and cyber security because they can write specialised code and are familiar with and highly skilled in most aspects of web and application development. More and more developers are becoming full stack as the line between front end and back end blurs. According to the United States Bureau of Labour Statistics, 8,53,000 full stack developer jobs will be available by 2024. Because organisations are focused heavily on reducing resource costs, this function will present workers with a plethora of job prospects.
Data Analysts are in high demand not only in India, but all throughout the world. Users are more willing than ever before to share their information, which necessitates the hiring of data analysts. A data analyst is responsible for not just locating but also analysing the data required to establish and grow a business. Previously, only the titans like Amazon, Google, Facebook, and financial institutions would flaunt their customers' and potential users' data, but now every firm recognises the need of using consumer data to better their products and services. As a result, Data analysts are becoming a future employment in India that one can prepare for.
The pandemic has caused major changes in the insurance industry, opening up a slew of new job opportunities. The digital revolution is fueling an increase in the demand for Business Analysts. Business has existed since the dawn of humanity; what has changed is our ability to retrieve vast amounts of data on how our companies work. That's not to mention how businesses are evolving, with a focus on items that are either advertised or supplied through digital platforms or are digital themselves. As data and what it can do for business gain traction, several businesses, including telecommunications, insurance, advertising, financial services, healthcare, and technology, are investing heavily in business analysis and expanding their analytics teams. That rise is projected to continue in the future, as companies that have been slow to adopt big data analytics have committed to do so.
Banking is the foundation of a country's economy. The banking sector has the power to make or break a country; we recall the global financial crises that shook the world to its core, when many financial institutions that had been in operation for nearly a century abruptly shut down; India, on the other hand, was in a much better position due to its sound banking system.
The banking sector, which is growing at a rapid pace, will overtake third place in the world. This is especially true of government-owned public sector banks. And, as a result of this expansion, the demand for banking employees is expected to rise in the following year.