it-hiring-expected-to-rise-8-5-next-year-report

IT hiring expected to rise 8.5% next year: Report

The IT sector is experiencing a resurgence in hiring, with an expected 8.5% job role increase by next year, according to an Indeed report. Driven by the demand for software roles, the growth is fueled by emerging technologies like AI and blockchain, as well as the thriving startup ecosystem and Global Capability Centers (GCCs).

News Arena Network - Mumbai - UPDATED: August 8, 2024, 06:03 PM - 2 min read

IT hiring expected to rise 8.5% next year: Report

The report revealed that almost 70% of all tech jobs currently on the Indeed platform are for software roles.

The IT industry is poised for a significant rebound in hiring, with an estimated 8.5% increase in job roles by next year, according to a report released on Thursday by global job platform Indeed.

After a slow period in late 2023 and early 2024, the demand for skilled IT talent is on the rise, driven by the rapid adoption of technologies such as AI, machine learning, and blockchain, the report said. The data was compiled from the Indeed Hiring Tracker, a quarterly report that explores the employment landscape, along with data from the Indeed platform.

Nearly 70% of all tech jobs currently listed on Indeed are for software roles, reflecting the growing need for specialised software development in the tech sector. The thriving startup ecosystem also plays a significant role in this trend, with new ventures prioritising the recruitment of developers to build and scale their products.

Companies are actively hiring for a variety of roles, including Application Developer, Software Engineer, Full-Stack Developer, Senior Software Engineer, and PHP Developer.

There is also increasing demand for .NET Developers, Software Architects, DevOps Engineers, Data Engineers, and Front-End Developers, according to the report.

The continuous need for updates, security patches, and new features in existing software is further driving demand for skilled professionals who can keep pace with evolving user needs and technological advancements, the report added.

"The IT sector has consistently been a major employment powerhouse," said Sashi Kumar, Head of Sales at Indeed India.

"Recent quarters saw a slowdown in hiring as companies navigated global uncertainties and economic shifts. However, the tide is turning, and companies are now actively ramping up their hiring efforts. We can also expect Global Capability Centres (GCCs) to significantly contribute to this uptick in hiring, particularly in software and technological roles."

With companies resuming their recruitment efforts, the IT sector is set to play a crucial role in driving employment growth in the coming year.