High Demand for Tech Skills Across Industries: Quess Corp's Skills Report

The first quarter of the ongoing financial year 2023-24 (Q1FY24) has marked a significant upswing in the requirement for technology skills, including development, SAP, automotive design, testing, and IT infrastructure support.

Quess Corp's recently released "The Skills Report" sheds light on these evolving trends and the strategies adopted by companies to bridge the emerging skill gap in India.

Upskilling to Address Skill Gap

In response to the increasing demand for specific tech skills, organizations across diverse industries are embracing upskilling as a strategy to close the skill gap. Quess Corp, a prominent business solutions provider, has introduced "The Skills Report," offering valuable insights into the technology skills most sought after by companies across India.

Comprehensive Insights from Operational Data

Based on the operations data of Quess IT staffing, the report meticulously analyzes the supply and demand dynamics within the talent ecosystem. The focus of this report is primarily on the quantum of demand experienced in the first quarter of the financial year.

Dominant Tech Skills in Demand

Five key technology skills have accounted for a substantial 78% of the total demand. The report underscores that the highest intent to hire resides in development roles, especially those that encompass a broad spectrum of more than 65 technical proficiencies and platforms.

Rising Demand for Full Stack and SAP Skills

The report highlights the consistent and upward trajectory of full stack skills. Industries such as consulting, automotive, banking, and telecom have particularly showcased a pronounced demand for professionals possessing full stack competencies.

SAP expertise has maintained a consistently high demand, spanning both development and implementation aspects.

Automotive Design and Testing Proficiencies

Automotive design skills have garnered a 14% demand, reflective of the rising adoption of digitization and the need for technologically adept professionals.

Additionally, the demand for testing skills, encompassing both manual and automated domains, has surged by 12%. Notably, the report identifies specific proficiencies such as Selenium, TOSCA, Workday, and ServiceNow as being in high demand.

Critical Role of IT Infrastructure Support

The report emphasizes the steady demand for IT infrastructure support skills, constituting 8% of the total demand. This need spans a diverse range of over 30 aspects, including L1 and L2 support. These skills are vital for ensuring the smooth functioning of technology operations across various industries.

Diverse Tech Proficiencies in Demand

Apart from the dominant skills, the report also notes significant demand for a wide range of tech proficiencies. These include data science, DevOps, cloud computing, ERP, cyber security, artificial intelligence, machine learning, UI/UX, and other related domains.

Some relevant and latest facts for the above news:

• The top five tech skills in demand in India are development, SAP, automotive design, testing, and infra support.

• The IT sector has the highest demand for tech skills at 15 per cent, followed by banking, financial services and insurance (BFSI) at 15 per cent, and digital engineering at 13 per cent.

• Hiring activity across India was primarily dominated by IT Hubs in Karnataka, Maharashtra, Tamil Nadu, Telangana and Haryana.

• Remote working options and improved data services have enabled an increase in hiring across Tier 2 and 3 cities, particularly in e-commerce and financial services firms.

• Amid macroeconomic headwinds affecting the US and Europe, the IT services sector faces a downward hiring trend of 25-30 per cent. However, this situation has opened up new opportunities, with GCCs ramping up talent acquisition and projecting an estimated employee strength of 1.4 million. Hiring is likely to increase by 10 per cent.

Here are some additional facts about the tech skills that are in demand in India:

• Development skills are in high demand, as companies are looking for talent with skills in a variety of programming languages and technologies.

• SAP skills are also in demand, as more and more businesses are using SAP software.

• Automotive design skills are in demand, as the automotive industry is undergoing a digital transformation.

• Testing skills are in demand, as companies are looking for talent to test their software and applications.

• Infra support skills are in demand, as companies need to maintain their IT infrastructure.

The demand for tech skills is expected to continue to grow in India, as the country becomes a hub for innovation and technology. If you are looking for a career in tech, there are many opportunities available in India.