Cloud computing becoming more prevalent in companies, both large and small, the global requirement for professionals is steadily on the rise and over a million jobs in the sector will be created by 2022, according to a report given by Ed-tech platform for executives Great Learning. It reveals that companies are currently investing 4.5 times the rate of traditional IT spending in cloud infrastructure, a trend that is expected to grow even faster by 2020.
The Indian cloud computing market, at $2.2 billion, is expected to grow to $4 billion by 2020 with an annual growth rate of more than 30 per cent. The rapid growth of cloud-native services and increasing acceptance of cloud-based environments as secure coupled with a need to save costs are driving companies away from traditional data centres (DCs) to cloud environments.
In India, IT giants are now building solutions on the cloud rather than on physical infrastructure due to increased flexibility, scalability and speed. An estimated 1 million new jobs will be created in India by the year 2022 as more companies adopt cloud technology.”
According to the report, there are about 18 million cloud computing jobs worldwide at the moment with a salary of over $1,00,000 per annum. The salary for a leading cloud professional can go as high as $2,80,000 per annum, it indicated.
More than 1.7 million cloud jobs worldwide remained open as technical recruiters face difficulties in filling out job vacancies in cloud.
The report further added that unlike IT skill shortages in the past, solving this skills gap is challenging, as cloud brings a new set of skills which haven’t been needed in the past. This gap comes at a time when almost two-thirds of global enterprises are planning, implementing or using cloud computing, and more than 50 per cent of businesses agree that cloud computing is a high priority.
The report is based on conversations with senior cloud experts, recruiting managers as well as subject matter experts and is supplemented by data from high-quality industry research reports.