In 2020, the information technology industry will account for 8% of India’s GDP. According to the Software Technology Park of India, software exports by IT companies affiliated with it totaled US$ 16.29 billion in the first quarter of the fiscal year 2022. Needless to say, India’s IT sector is expanding and has a bright future. The emergence of computers transformed our lives significantly. Every day, new technologies occur and have an impact on everything around us. We can’t imagine doing any activity without the assistance of IT. From companies to homes, information technology has overtaken practically every day-to-day activity, making our lives easier and less stressful.
1. Machine Learning and Artificial Intelligence (AI)
Artificial intelligence, or AI, has emerged as one of the most effective new technology advances in the field of computer science over the last decade. AI technology is in its early stages and is being used in many aspects of our lives, including our daily lives, employment, healthcare, education, entertainment, and so on. These firms are utilizing a variety of AI applications for a variety of objectives such as CRM, ERM, and many more to optimize business processes, manage the supply chain, and consumer needs in order to achieve customer happiness, boost ROI and gain cost efficiency. According to IDC, the India Artificial Intelligence Market is expected to reach US $7.8 billion by 2025, rising at a CAGR of 20.2%.
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2. Computing at the Periphery
Angle computing is a new technology trend that is sweeping the globe. Edge Computing is intended to compensate for the inadequacies of Cloud Computing. It functions as a tiny data center and can be utilized in faraway areas to process time-sensitive data. According to Frost & Sullivan, 90% of organizations would use edge computing by 2022, with the number of co-edge computing (MEC) markets expected to reach $7.23 million by 2024. Edge computing is being used in India in areas such as care IoT, traffic management, auto processes, finance, and augmented and virtual reality among others. With existing cloud services and cutting-edge edge cloud computing, you can land fantastic jobs such as Future IoT Specialist, Fog Reliability Engineer, Network Infrastructure Engineer, Digital Engineer, Internet, Security Architect, and so on.
3. Quantum computation
According to Quince Market Insights, the Global Quantum Computing Market Size would reach USD 3728.4 million by 2030, at a CAGR of 25.40%. Computing is a young technology that is still in its infancy. It is yet another astounding technological trend that solves problems at the atomic and subatomic levels and is many times faster than traditional computers. Quantum computers utilize quantum bits (qubits), which enable them to crunch data and solve any problem far faster than a traditional computing machine. This technology has the potential to speed the process in a variety of fields, ranging from materials research to pharmaceutical chemistry. The future of quantum computing is bright, and it may open up incredible job prospects for those interested in this sector.
The robotics market in India is expanding rapidly as a result of industrialization, the digital revolution, and automation. The industrial robotics India market stood at 5,000 units in 2019 and is expected to reach 11,760 units by 2025, developing at a compound annual rate of growth (CAGR) of 14.41% between 2020 and 2025. Automation is being implemented practically everywhere to speed up the process and save human labor for occupations that are repetitive by nature or require extreme safety. Robotics is a multidisciplinary field that includes computer science, mechatronics, mechanics, AI, and other computer engineering technologies. It aids in the study and development of robots with the goal of making life easier.
5. Cyber Defense
Cybersecurity will continue to be in high demand in order to defend cyberspace from ever-increasing threats. The epidemic has also increased the demand for needed cyber security expertise significantly. Since the epidemic began, there has been a 25% surge in cyber skills. According to Team Rental Services, India will have over 1.5 million unfilled cybersecurity employment positions by 2025. As long as there are hackers inside cyberspace, information technology will need to grow and offer new ideas to fight against new dangers and hackers. This ever-increasingly in-demand technology will always provide exciting job prospects to individuals seeking a prosperous career in this industry.