Fastest growing industries at a CAGR of 7.53% are primarily in non-tech sectors such as BFSI & Consulting, Telecommunications Media & Technology, Retail & Consumer Business, Life Sciences & Healthcare, Engineering Research & Development (ER&D) & Energy belongs to and Resources, by the 2027-28 fiscal year, he plans to employ more than 1 million (11.15 million) tech talent, says a new report. These industries now employ over 700,000 (7.65 million) of his technical professionals.
These are the findings of a study shared by TeamLease Digital, the professional staffing arm of TeamLease Services, which released its Digital People Supply Chain Report for the First Half of 2024, “Tech in Non Tech.”
According to the report, as data and analytics drive key business growth decisions, there is a growing need for non-tech sectors to build technology-enabled infrastructures to enhance product and service experiences.
BFSI and Consulting currently employ an estimated 200,000 technical talent in retail and consumer businesses (18,500), engineering R&D (14,300), life sciences and healthcare (10,500), It is followed by communication media and technology (0.9 million). Energy and Resources (0.42 lakh).
Retail and consumer businesses are projected to grow at the fastest pace by fiscal year 2027, employing 290,000 technical professionals, BFSI and consulting (27,500), and engineering research and development (19,000). ), followed by Life Sciences and Healthcare (15.5 million). Communication Media & Technology (Rs. 1.4 lakh) and Energy & Resources (Rs. 0.65 lakh).
TeamLease Digital CEO Sunil C said: Today, with 5G rollouts, the ever-changing digital payments sector, growing new economy businesses, and the manufacture of electric vehicles dominating the automotive market share, digital transformation is critical for all businesses. This massive digitization is creating demand for tech talent in non-tech sectors. By 2027-28, he will have one million tech professionals, a testament to the rising status of tech jobs in non-tech industries. “
“While jobs are proliferating, skilled talent shortages continue to challenge the industry. We need to lay the foundation for the system,” added Munira Loliwala, business director of professional staffing at TeamLease Digital.
“Currently, in non-tech sectors, the majority of employment is still not permanent. 54% of employers work as permanent employees, while 30% are on mixed contracts and another 16% are on contract employment. These modes allow businesses to have flexible policies to scale and reduce hiring costs based on needs and seasonality,” Loriwalla added.
Bangalore, Hyderabad and Gurgaon continue to be the best options in terms of location and salary. His 27% of all popular tech jobs are highest paid in Bengaluru, followed by Hyderabad at 16% and Delhi and Pune at 13%.
From a general job standpoint, data engineers, business analysts, and solution architects continue to occupy top roles in BFSI and consulting. UI/UX Designers, Full Stack Developers, Communication Media and Technology (CMT) Game Developers. Graphic designer, data scientist, and full-stack developer for retail and consumer businesses.
Others include life sciences and healthcare data scientists, Java developers and QA engineers, and embedded software engineers. Her CAD Engineer and Automation Engineer in Engineering Research & Development (ER&D) and Big Data Analyst, IT Infrastructure Engineer and Software Developer in Energy and Resources Department.
Cloud-based services, robotic automation transformation, and artificial intelligence expertise will come into fashion at every level. At the entry level, employers are looking for proficiency with the Microsoft Office Suite, basic knowledge of programming languages (HTML and CSS), and experience with content management systems.
The intermediate experience level requires skills and experience with advanced programming languages (Python and Java), data analysis, visualization tools, and cloud computing platforms. There is also demand for artificial intelligence, machine learning and blockchain cybersecurity skill sets at the senior level.
As technology becomes more integrated across businesses, more women are entering key STEM tech roles. Of the 5 million people, nearly 1.8 million are women. India ranks second in the world with her 4 million female online learners enrolled in her STEM courses such as computer programming, web development, analytics, AI and ML, cybersecurity and user experience.
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