According to Gartner, India will be the third largest IT market in Asia/Pacific by 2016. The projected demand for trained IT professionals is estimated at over 4 lakh per year. There is a clear imbalance between demand and supply of IT professionals with the result that this sector offers one of the highest remuneration packages.
Growing demand The demand for professionals is increasing due to:
- Rapid industrialisation and growth of IT parks in the country
- Partial privatisation of telecommunication
- Development of SEZ which also helps IT companies to get tax benefits
Employment opportunities As many as 2.3 lakh jobs were added in FY2012-13, reflecting a steady year-over-year increase since January 2012. According to NASSCOM, the IT-BPM industry remains the largest private sector employer in India, directly hiring 3.1 million people in FY 2014. According to CBRE, approximately 4-5 lakh jobs are expected to be generated within the next two years across the country. Moreover, increasing focus on technology by both private and public sectors will create numerous job opportunities in the year ahead. Technology professionals can look forward to a promising future in:
- Internet of Things
- Genetic Engineering
- Mobile Technologies
Personnel with 3-6 years of experience will be most sought-after, for various roles in the domain of technology.
Cloud computing is one of the thrust areas in the national IT and ITeS policies. In order to benefit from cloud, the Department of Electronics and IT (DeitY) has taken an ambitious project known as ‘GI Cloud’. This is the Indian government’s initiative to enable both Central and State governments to leverage cloud computing for effective delivery of eServices. This will boost job opportunities for tech professionals in future.
With supporting initiatives of change in the labour laws and streamlining bureaucracy for new investment prospects, India is positively poised for exponential growth starting 2015. Technology being the instrument of choice compelling/comprising of software and hardware, understanding of enterprise and domain becomes pivotal. Thus, experts in these areas will be desired and sought after in the coming years