Six of 14 cities for tech jobs in APAC are from India: Report

Six of the 14 cities for technology jobs in the Asia Pacific region are from India, according to a report by consulting and advisory firm, Cushman and Wakefield. The report also said that the country has added more than 500,000 jobs in information technology (IT) over the past financial year.  

Bengaluru, with a total of 230,813 technology jobs is close behind Beijing which created close to 438,215 job and has been ranked as the top tech hubs across the Asia-Pacific region. Bengaluru was followed by Chennai (122,003), Delhi (88,144), Mumbai (87,418), Pune (48,720) and Hyderabad (28,805), driven by talent and a sustained demand for quality office spaces from domestic and multinational companies. 

Like the report noted, Bengaluru saw the tech sector accounting for an average 38-40% share in annual leasing, higher than the national average of 35%. Category wise, IT Network jobs in Bangaluru is pegged at 7,636, computer programming at 213,906 and analytics and data scientist jobs stand at 9,271.  

The consulting firm said, Hyderabad, home to Microsoft and Facebook, has more than 44 million square feet of office projects under construction nationally. Hyderabad has created 6,341 jobs in IT Network, 13,736 in computer programming and 8,727 analytics and data scientist professionals.  

Another promising destination, Chennai has also created 25,265 jobs in IT Network, 57,317 computer programmers and nearly 40,000 analytics and data scientist jobs, said the report.  

Not just Cushman & Wakefield, a data by TeamLease Digital, a specialised staffing division of TeamLease Services, shared with Tech Circle earlier this month suggests that India’s IT-BPM industry is likely to create about 3 lakh jobs by March 2023 amid the rapid adoption of emerging technologies.  

"Overall, we estimate that India's technology employment will grow from 5 million to 10 million in the next few years," TeamLease Digital Chief Operating Officer Sunil C said, adding that 1.5 lakh professionals have upskilled themselves in digital-related technologies recently.   

Another report by staffing firm, Quess IT Staffing shows that Hyderabad and Bangalore are among the top cities that lead in hiring demands while junior and entry-level hiring requirements are increasing with companies looking to optimise costs. Vijay Sivaram, CEO, Quess IT Staffing, India sees a chunk of this growth coming from captives, particularly in tech & R&D.  

In July this year, US-based staffing services firm, NLB Services pointed out that in FY-2023, at least seven out of 10 IT companies will be looking for candidates with digital skills from emerging locations, with cities like Thiruvananthapuram, Coimbatore, Cochin, Chandigarh and Ahmedabad also building digital skills owing to the strong presence of large Tier 1 players, product companies, GICs, and startups.  

India’s IT industry crossed the $200 billion revenue mark this financial year to touch a record $227 billion, the National Association of Software and Services Companies (Nasscom) said in its Strategic Review 2022 report. The industry has also set an ambitious target to touch $350 billion revenues by FY 2026 with an annual growth rate of 11-14%, the report added.