Simplilearn, an online boot camp specializing in digital skills training, has observed a significant increase in demand for its AI/ML programs in various markets including India, the US, the Middle East, and Europe. According to learner data from the company’s platform, there has been a remarkable surge of 123% for these programs.
The shifting landscape of technology jobs has played a vital role in driving this trend, as working professionals are showing immense interest in AI/ML programs. The US market has experienced an approximately 87% rise in demand, while India has seen a staggering 200% increase. The Middle East and Europe have witnessed an even more impressive surge of 300% in demand.
Generative AI models, such as ChatGPT, are contributing to the growing prominence of the AI/ML field. These models are revolutionizing industries by automating tasks, improving efficiency, and enhancing user experiences. Professionals are increasingly recognizing the potential of AI/ML in transforming their respective fields, which has sparked a heightened interest in acquiring AI/ML skills through skilling programs.
Industry studies indicate a remarkable compound annual growth rate (CAGR) of 20.2% for the AI field. As nations prioritize strong educational standards and technological literacy, professionals acknowledge the necessity of acquiring AI and ML skills to maintain a competitive edge. Experts predict a 31.4% increase in AI-related jobs by 2030, highlighting the urgency for upskilling through AI/ML programs in this dynamic and evolving tech job landscape.
Simplilearn’s co-founder and COO, Kashyap Dalal, expressed his delight regarding the substantial growth in demand for their AI and ML programs in both the Indian and US markets. He emphasized the industry’s increasing demand for a skilled workforce in artificial intelligence, machine learning, and new technologies. Reports project that AI will create around 69 million job roles in the next five years.
