Amid the rapid evolution of the technology sector, India is emerging as a global hub for innovation and digital expertise. Understanding the demand for talent, skill preferences, and salary dynamics is crucial in this emerging landscape. In this article, we will delve deeper into these aspects and identify which fields currently offer lucrative salaries.
Insights from the Report
TeamLease Digital has published a report titled “Digital Skills and Salary Primer for FY 2025,” providing valuable insights into the rapidly expanding market. According to the report, India’s technical market size was $254 billion by FY 2024 and is projected to reach $350 billion by 2025. With over 1,600 Global Capability Centers (GCCs) currently operating, employing more than 1.66 million professionals, India plays a pivotal role in driving efficiency and innovation.
The report highlights that India is poised to welcome 800 new GCCs over the next 5 to 6 years, underscoring the country’s growing importance as a global technology center. Notably, there is an increasing trend of establishing GCCs in Tier-2 cities such as Kolkata, Ahmedabad, and Vadodara, further diversifying the technological landscape.
Projected Growth in Cloud Investments
Investment in cloud technologies within IT products and services is expected to grow by 25-30% in the next five years. By 2026, IT products and services are predicted to account for 8% of India’s GDP, with cloud solutions creating approximately 14 million jobs in the country. This projection illustrates the economic impact of adopting cloud solutions. The report also notes a surge in demand for skills related to Prismacloud, Salesforce, ITSM, Power BI, and Oracle, while demand for tools like Sketch, UiPath, Splunk, and Automation Anywhere is on the decline.
Salary Expectations by Roles
The technical talent pool in the non-tech sector is expected to expand at a CAGR of 7.86%, growing from 765,000 in FY 2012 to 1.115 million by FY 2027. This growth highlights the increasing integration of technology within various traditional industries. The report provides detailed information on in-demand skills and associated salary brackets.
Salary Summary Table
| Role | Entry-Level Salary (INR) | Senior-Level Salary (INR) |
|---|---|---|
| AI/ML Engineer | 8.2 Lakh | 43 Lakh+ |
| Big Data Developer | 9.7 Lakh | 20.7 Lakh |
| SAP ABAP Consultant | 7.2 Lakh | 31 Lakh+ |
| DevOps Engineer | Varies | Varies |
| IoT Engineer | Varies | Varies |
| Information Security Analyst | Varies | Varies |
| Automation Engineer | Varies | Varies |
In summary, the landscape for technology professionals in India is robust and promising. The demand for skilled talent in various sectors is rising, offering competitive salaries and numerous job opportunities. As the country continues to evolve as a global technology hub, investment in digital skills will be crucial for both individuals and organizations aiming to stay ahead in the competitive market.
