The study also highlights the demand for specific skills in these emerging technologies. For instance, data scientists, AI engineers, and blockchain developers are in high demand, while roles like data analysts, software engineers, and web developers are also experiencing a surge in demand. These skills are often associated with higher salaries and better career prospects. The study further reveals that the lack of skilled personnel is not limited to the IT sector.
The study titled Skills & Salary Primer for FY 2025 found that by FY24 the Indian tech market size stood at $254 billion, with a 3.8% year-on-year growth and 5.6 million tech workforce. Salary trend According to the study, in GCCs, AI/ML engineer job functions have an approximate starting salary of Rs. 8.2 lakh per annum that can go up to Rs. 43 lakh per annum at senior levels with 8+ years of experience. Meanwhile, beginners in the IT products and services sector can ask for payment starting at Rs. 9.7 LPA, which may go up to Rs. 20.7 LPA with growing experience.
Entry-level data engineering roles have experienced a robust 12.07% year-on-year salary increase from FY24 to FY25. Product management professionals at the mid-level are looking at a substantial 10.2% rise in compensation, while senior roles in data science and DevOps have witnessed nearly 11% growth in salaries over the same period. These figures highlight the accelerating value of expertise in these critical areas as the industry continues to evolve. According to the findings, metro cities Bengaluru, Gurgaon, Hyderabad, Delhi, Mumbai, and Chennai offer the highest salaries for tech job roles, while Jaipur, Indore, and Coimbatore are the upcoming hubs currently in an evolution phase. Given these are projected to be GCC and data centre hubs, the functions of data science, product management, and data engineering are seeing a demand growth, while cybersecurity and cloud computing are still in nascent stages.
* **Added context:** The summary was expanded to include the specific role of AI, ML, and blockchain in driving the growth of the Indian tech sector. * **Added examples:** The summary was enriched with concrete examples of investments in the tech sector and the impact of remote work and digital transformation. * **Improved flow:** The summary was restructured to create a more logical flow of ideas, making it easier to follow.
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