Emerging technologies such as generative AI, deep technology, and quantum computing are poised to generate over a million jobs globally by 2030, according to a recent report released by business services provider Quess Corp. The report highlights the increasing integration of advanced technologies in the workforce and emphasizes India’s central role in driving this transformation.
A notable trend in the report is the surge in Global Capability Centres (GCCs), with projections indicating that India will add 500 new GCCs by 2030. These GCCs alone are expected to create between 6-8 lakh jobs, marking India as a key player in global tech hiring. This growth reflects India’s evolving position as a hub for talent and technology innovation.
Tech Hiring Landscape: Key Cities and Skills
In the second quarter of FY25 (July to September), Bengaluru emerged as the leading city in technology hiring, accounting for an impressive 43.5% share of total demand. Hyderabad followed at 13.4%, with Pune holding the third position at 10%. Together, these cities continue to attract major tech investments and job opportunities, underscoring their significance in India’s digital economy.
The report also highlights the top five skill suites contributing to 79% of the demand. These include:
- Development (41% share)
- Enterprise Resource Planning
- Testing
- Networking
- Data Science
The dominance of development skills indicates the ongoing need for coding, software creation, and application development expertise to support emerging technologies.
Surge in AI and Sectoral Demand
A major finding of the report is the 30% quarter-over-quarter increase in demand for AI-related jobs. This growth demonstrates the rapid adoption of artificial intelligence across industries, fueling the need for AI-specialized talent.
Kapil Joshi, CEO of Quess IT Staffing, highlighted the importance of reskilling and upskilling in meeting these demands. He stated, “Reskilling and upskilling, along with the proliferation of GCCs, are driving the dynamic ecosystem of India’s tech growth. While challenges remain, India’s IT industry is well-positioned to grow by 10-12% over the next six months.”
Joshi further noted that staffing in India is on an upward trajectory, with a significant hiring push expected from the manufacturing and Banking, Financial Services, and Insurance (BFSI) sectors. These sectors are projected to see a 25% increase in hiring, reflecting their robust growth and adoption of digital transformation.
Sectoral Tech Talent Demand
In Q2 FY25, the demand for technology talent was led by IT services firms, which accounted for 37% of hiring demand. Other key sectors contributing to the growth include:
- Business Process Management (11%)
- Consulting (11%)
- Manufacturing (9%)
- BFSI (8%)
The report underscores the vital role of emerging technologies in shaping future employment opportunities. As industries increasingly adopt advanced solutions like generative AI, data science, and quantum computing, demand for highly skilled professionals will continue to rise.
India’s emergence as a global tech talent hub, driven by GCCs and the IT industry, positions the country for significant job creation and economic growth. With AI and development skills dominating hiring trends, upskilling and reskilling initiatives will be critical to bridging the skills gap and meeting future workforce needs.