Indian Tech Talent Market Guide And Reports
India's digital tech talent is ever-rising!
Recruiters worldwide are constantly seeking the Indian talent pool in their organizations due to their excellent communication skills, great knowledge base in the technical domain, reliability, and more related factors. Here are some market reports and guides to get a detailed insight into the numbers supporting that 'Indian tech talent is booming worldwide'.
There is impressive growth in various fields, such as IT services, management, business intelligence, software engineering, research and development, etc. Tracking this growth demonstrates how the Indian tech market is on the right path!
Indian tech talent Market Guide And Reports
Growth rate
According to Nasscom, In FY23, the Indian tech sector is expected to reach approximately $245 billion. Further, by 2030, the industry is headed to hit the $500 billion mark. The reports also suggest growth in all the core sectors, such as tech, telecom, manufacturing, and BFSI.
Expansion of the tech field
Additionally, approximately 1.3 million professionals are working in the digital tech field and 2.5 million the core tech professionals. According to studies, digital tech talent is expanding five times faster than core tech talent. When we talk about digital tech talent, it broadly comprises the following industries:
- Big data analytics
- Artificial intelligence
- Cloud computing
- Blockchain
- 3-D printing
- Cyber security
- IoT
- Robotic process automation
The core tech talent consists of database IT infrastructure, quality assurance, software development, IT support, etc.
Adapting innovations
In FY 2023, the tech industry is expected to employ approximately 5.4 million of the workforce in the country. As innovations are entering the market, the Indian tech talent is perfectly adapting to it. Check out the numbers mentioned below in terms of the popularity of these latest tech trends:
- Most of the digital workforce works in the artificial intelligence sector (approximately 36%).
- On the second spot comes AI/ML BDA talent.
- Cloud professionals take the third spot.
An apparent growth is seen in the Indian tech market as we compare the previous and current numbers.
Increased revenue
From FY20 to FY23, there was an exponential increase in the overall revenue of tech services in India. Previously, the revenue was recorded between 26-28%, which expanded to 32-34%.
Excellent startup boost
Although the startup culture began late in the Indian market, it has been roaring for a decade. India produced its very first unicorn in 2011. Currently, India has 108 unicorns which shows the excellent growth trajectory of startups in India. Additionally, in 2022, India produced 1300 startups and 23 unicorns. As evident, this transformation shows the power of the Indian tech market and the ever-rising talent of professionals in this field!
Apart from this, you can also see the diversity in the workforce, with over 2 million women employees. Approximately 140k women were employed in 2022.
Final Remarks
India is known as the fastest-growing economy in the world. As you can see in the above post, the tech market is booming every passing year. It is expected to grow further in the coming years. Hence, it becomes a sweet spot for global recruiters to hire Indian tech talent. The rising number of Indian experts in the latest innovations, such as artificial intelligence, machine learning, VR/AR, IoT, etc., has helped them gain worldwide recognition.
Moreover, the impressive digital infrastructure of the country due to investments by governments and enterprises is helping it emerge at a large scale. Hoping to see the Indian tech talent add more glory to the tech sector globally!
People are also reading:
🗞 Squareboat weekly
Subscribe to our weekly posts and newsletters. No spam.
Contact Us
Thank you! We will get in touch soon.
