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Demand for cloud professionals to hit 2 million by 2025: Nasscom

Started by devikad, Aug 24, 2021, 11:01 AM

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devikad

Demand for cloud professionals to hit 2 million by 2025: Nasscom



The demand for cloud professionals in India may touch two million by 2025 according to a report by National Association of Software and Services Companies (Nasscom), Cloud Skills: Powering India's Digital DNA, launched in association with Draup. Tata Consultancy Services and Accenture were strategic partners for this research.

India has the potential to become the world's 2nd largest cloud talent hub with the combined effort of government bodies, education and skilling organisations and technology providers. Currently, India ranks third with over 600,000 Cloud professionals across all verticals including technology. However, the demand for cloud solutions is growing exponentially, both in India and worldwide, leading to a higher demand for cloud talent as well. India had about 380,000 job openings for Cloud roles in 2020, a 40% growth over 2019. The demand- for cloud skills far out weights the current supply and needs focus across stakeholders on upskilling.

The need for businesses to migrate critical workloads to the Cloud and modernize legacy on-premise IT infrastructure, especially post the pandemic, has been accelerating growth in cloud adoption. According to Gartner, worldwide end-user spending on public cloud services is projected to grow at 20% YoY by 2022 to $398 billion. India's cloud market is estimated to reach $5.6 billion by 2022, a 26% YoY growth. As enterprises look to increasingly capitalize on Cloud infrastructure, the need to natively procure and build Cloud workloads and skills stacks becomes significant.

Nasscom's Future of Technology Services-Winning in this Decade report estimates the global cloud opportunity at $800 billion by 2025.

"Cloud adoption has witnessed an accelerated adoption during the pandemic as enterprises focused on building hybrid work models, collaboration infrastructure and business continuity. Cloud has moved from being a relative back-end to a front-end (business-facing) technology, enabling on-demand access to resources. For India to carve itself a unique identity as a global hub for cloud solutions, a concentrated public-private partnership, and large-scale skilling is the key," said Debjani Ghosh, President, Nasscom.

The Indian SaaS start-up ecosystem is another driver of cloud demand, currently employing over 40,000 professionals across domains.

While India has the ecosystem to become the cloud solutions hub for the world, it must get its cloud skills stack right. With a baseline growth of 24% CAGR, India's cloud talent pool is expected to grow 2.4 times to nearly 1.5million by 2025. However, there is an urgent need to scale talent further – talent with the right skillsets. The report estimates that with a more aggressive talent building roadmap (30%  growth rate), India can increase its cloud talent pool to between 1.7 to 1.8 million and in the process become world's 2nd largest cloud talent hub.

Nasscom has set up its FutureSkills PRIME initiative in partnership with MEITY to upskill talent in emerging technologies and cloud skills are a key area of focus on this platform.

Source: https://telecom.economictimes.indiatimes.com/news/demand-for-cloud-professionals-to-hit-2-million-by-2025-nasscom/85581882