In 2021, we made it through the pandemic thanks to technology, which continues to reinvent and restructure how we work, live, and interact. But what awaits us in the year 2022 in terms of top tech trends and market demand?
Demand for IT talent has risen dramatically across all industries. Emerging technologies such as Artificial Intelligence (AI), Machine Learning (ML), and the Internet of Things (IoT) across industries such as IT/ITeS, BFSI, healthcare, education, telecom, and logistics, among others, are the primary causes for the growing demand.
For individuals with the necessary technical skills, the growing demand provides a plethora of opportunities making it one of the best times to launch a career in one of the most in-demand technologies.
What will the future of work look like?
Today, the old workplace has become obsolete and given way to new and innovative forms of work and employee engagement. Talent diversity and inclusion are more crucial than ever before since new skill sets are in high demand.
Apart from the growing demand for new-age technology skills, the future of work is changing in a variety of ways. From a talent acquisition standpoint, organizations will not hire individuals solely on the basis of their qualifications and experience in the coming year. Relevant skill sets will be given utmost importance.
In the current circumstance, organizations are also investing heavily in upskilling their current employees to meet the industry requirements. And they will continue upskilling employees in 2022 as well.
There is a range of certification programmes accessible from major EdTech platforms to help you build the right knowledge. The courses have been carefully crafted to meet current industry needs and to prepare you for a brighter future. If you want to learn more about the certification programmes that can help you create a career in one of these in-demand technologies, write to us at firstname.lastname@example.org or visit TalentSprint official website.
Here are the top 10 tech trends to watch out for in 2022
Since technology is affecting practically every industry in India, understanding top tech trends in the country have become critical for both employers and job seekers.
Let’s take a look at the data of market research studies for the most in-demand tech skills to get a perspective of the industry’s expected future growth and employment chances. (Source of research insights – MarketsandMarkets Research)
Internet of Things (IoT)
IoT is one of the most sought-after technologies in almost every industry when it comes to digitization and datafication. Healthcare is one of the major industries which is being transformed with the development of IoT. And the global IoT market size is expected to reach USD 561.0 billion by 2022 which will create major opportunities for skilled professionals to build a strong career in the field.
Robotic Process Automation (RPA)
As per a recent report, the market is estimated to reach USD 2,467.0 million by 2022. There will be a spike in RPA applications across industries, from optimizing customer service with automation to automating transactional sales chores to managing HR procedures end-to-end leading to an increased demand for skilled professionals.
5G technology is among one of the top tech trends in 2022. The global 5G services market size is expected to grow from USD 53.0 billion in 2020 to USD 249.2 billion by 2026. Industries like manufacturing, agriculture, healthcare, education will be leveraging the benefits from the realization of 5G technology.
Since the market size is expected to reach USD 140.9 billion by 2024, the demand for skilled Data Science professionals in industries like BFSI, media and entertainment, healthcare, retail, telecom and automotive will be sky-rising. Investing time in building the right skills will definitely ensure a promising future for those who are interested in the domain.
Artificial Intelligence (AI)
AI has become the biggest buzzword nowadays. Professionals with AI knowledge, experience, and skillset are highly in demand across industries like healthcare, education, IT, retail and BFSI among others. And with the increased demand the market size is also expected to grow at a compound annual growth rate of 42.2% from 2020 to 2027.
Machine Learning (ML)
Jobs in machine learning have grown by 75% in the last four years and are likely to continue to expand as the worldwide machine learning market is expected to grow to $152.24 billion by 2028. Some of the primary driving factors for the market include technological advancement and the expansion of data generation. Machine learning practitioners will be in high demand in industries such as healthcare, retail, IT and telecommunications, BFSI, automotive, and transportation.
As the global market size is projected to reach USD 345.4 Billion by 2026, the demand for skilled Cyber Security professionals is also expected to rise in various industries such as BFSI, IT and telecommunication, retail, manufacturing, travel and transport.
Blockchain is yet another technology creating a huge demand for professionals with appropriate skill sets. The global blockchain market size is expected to reach USD 39.7 billion by 2025. The BFSI sector, as well as healthcare, education, supply chain management, and even government agencies, are all driving demand for blockchain techies, specifically blockchain developers in India.
According to MarketsandMarkets, the global Cloud Computing market size is expected to reach USD 832.1 billion by 2025. The growing demand for cloud-based applications across the manufacturing and healthcare industries is creating various job opportunities for skilled professionals.
The global Development and Operations (DevOps) Market is likely to gain momentum as the demand is increasing in sectors like BFSI, retail, government, manufacturing, IT and telecommunication, healthcare. The DevOps market size is expected to grow from USD 2.90 Billion in 2017 to USD 10.31 Billion by 2023. With the growing market demand, the need for qualified software engineers is soaring.
The demand for professionals with any of the above-mentioned expertise will skyrocket, given market trends and the ever-increasing market size. If you have all of the necessary tools and understanding about these technologies, you will have a promising career ahead of you.