India's tech sector is rapidly transforming, driven by Global Capability Centers (GCCs), IT Services & Products, and the Non-Tech industry. As these industries converge around six key areas—Software Development, Cloud Computing, Data Management, Cybersecurity, Project Management, and Software Operations—the demand for skilled professionals is skyrocketing. By 2025, India is expected to host 1,900 GCCs, employing over 2 million people, with salaries projected to be 12% to 20% higher than in IT Services or Non-Tech sectors. Meanwhile, the overall tech industry is on track to reach $350 billion in revenue by 2026, with a workforce poised to grow to 5.8 million by FY2025. However, challenges such as the gender pay gap, which can range from 10% to 30%, continue to persist, underscoring the need for greater pay equity across the sector.
Key Takeaways
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For Jobseekers :
- Prioritize Continuous Learning in Emerging Technologies
- Target High-Growth Areas for Competitive Salaries
- Capitalize on Opportunities in GCCs and IT Services
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For Businesses:
- Strategic Focus on High-Demand Skills
- Addressing the Gender Pay Gap
- Leveraging Geographic and Sectoral Insights
"Digital Skills and Salary Primer 2024-25" by TeamLease Digital offers a comprehensive look at the most in-demand skills and compensation trends across these six functional areas. Based on research spanning over 15,000 job roles, this report provides invaluable insights into what employers prioritize and how professionals can stay competitive in this rapidly evolving landscape. The report also delves into geographic trends, diversity, fresher demand, and leadership outlook, offering clear guidance for both employees and employers. For professionals, continuous learning is essential to stay relevant, while employers must make strategic decisions to bridge skill gaps, enhance gender parity, and secure the talent needed for future growth.
Digital Skills & Salary Primer FY 2024-25