AI, cybersecurity to drive 1 mn jobs by 2030: Quess IT Staffing report

Strategic investments in upskilling will remain pivotal as the workforce adapts to increasing demand for AI, cybersecurity, and cloud computing

Emerging technologies, including artificial intelligence (AI), cybersecurity, cloud computing and data science, are expected to generate about 1 million jobs by 2030, according to a report by Quess IT Staffing, a leading provider of technology staffing solutions.

 

The report ‘Technology Skills Report, December 2024’ highlights the year-on-year growth of skills across various domains. Emerging skills related to AI and machine learning (ML), cybersecurity, cloud computing, data science, and blockchain are transforming industries with innovative applications.

 

“India’s technology workforce is witnessing a transformative shift. The synergy of traditional skills like ERP (enterprise resource planning) with breakthrough technologies such as AI and ML and quantum computing presents unparalleled opportunities,” said Kapil Joshi, CEO of Quess IT Staffing.

 

Strategic investments in upskilling will remain pivotal as the workforce adapts to the increasing demand for AI, cybersecurity, and cloud computing. Emerging technologies are expected to contribute over $150 billion to India’s economy by 2030, reaffirming its position as a global technology leader.

 

The overall workforce in IT industry in India is projected to grow from 5.4 million to 7.5 million by 2030, adding approximately over 2 million jobs, with a significant shift toward emerging technologies and high-demand industries.

 

In the area of banking, financial services and insurance, cybersecurity and Blockchain technologies are critical in ensuring secure transactions, fraud detection, and identity management. AI and ML are driving personalised customer interactions and advanced analytics for risk management.

 

In the area of healthcare, these technologies play a role for applications in predictive analytics, personalised medicine, and telehealth. Data science aids in drug discovery and patient data analysis. For retail and e-commerce, these technologies enable personalised recommendations, inventory management, and dynamic pricing. 

 

Blockchain hiring has experienced significant growth, with global demand increasing by over 76 per cent year-on-year in 2023. In India, Blockchain roles saw a 60 per cent rise in demand between 2021 and 2023, driven by sectors like BFSI, supply chain, healthcare, and IT services.

 

Cloud Computing hiring grew globally by 30-35 per cent Y-o-Y in 2023. This surge was fueled by industries like IT services, consulting, media, telecommunications (TMT), and automotive, showcasing the accelerated shift toward cloud-based solutions.

 

Bengaluru continues to dominate the hiring landscape, contributing nearly half (43.5 per cent) of the tech demand, followed by Hyderabad (13.4 per cent) and Pune (10 per cent).