NASSCOM’s Future of Technology Services-Winning in this Decade report estimates the global cloud opportunity at $800 billion by 2025. India has the required ecosystem to take a big share of this market and be seen as the cloud solutions hub for the world.
The Indian SaaS start-up ecosystem is another driver of cloud demand. SaaS companies in India employ >40,000 professionals across job domains, more than any other tech start-up segment.
Currently, India ranks 3rd with an installed capacity of 608,000 (FY2021) cloud professionals across all verticals incl. 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 saw about 380,000 job openings for Cloud roles in 2020, a 40 percent growth over 2019.
The report details the demand across job roles in Cloud and demand for these roles. Native application development, network virtualization, containerization, and service architecture are gaining significance amongst enterprises. With security becoming integral to the cloud, especially in the post-pandemic world, specialized skills in Cloud Security, Security Standardization, SASE Platforms, Identity & Access Management, and Data Encryption are gaining in demand.
With a baseline growth of 24 percent CAGR, India’s cloud talent pool is expected to grow 2.4X to nearly 1.5mn by 2025. However, there is an urgent need to scale talent further – talent with the right skillsets – that will help meet this demand.
The report estimates that with a more aggressive talent building roadmap (30 percent+ growth rate), India can increase its cloud talent pool to between 1.7 to 1.8 million and in the process become world’s second largest cloud talent hub.
The National Association of Software and Services Companies (NASSCOM), in association with Draup, today launched their report titled ‘Cloud Skills: Powering India’s Digital DNA.’ Tata Consultancy Services and Accenture were strategic partners for this research effort.
According to Gartner, worldwide end-user spending on Public Cloud Services is projected to grow at 20 percent by 2022 to $398 billion. India’s cloud market is estimated to grow 26 percent to $5.6 billion by 2022.