IT hiring likely to increase 12-15% in 2024: NLB Services

Bengaluru, 29 December: Overall hiring in the IT sector is likely to increase by 12-15 per cent in 2024 on the back of adoption of new technologies like artificial intelligence (AI), machine learning (ML), Internet of Things (IoT), cloud computing, and big data among others.

According to staffing firm NLB Services, sound growth in the GCCs (global capability centres) coupled with stabilisation of global economy are considered to be the prime reason behind this growth.

“Anticipations for 2024 are optimistic on both technological and non-technological fronts in the realm of hiring. Reports indicate that IT hiring is expected to gain momentum in the early months of the calendar year 2024, driven by the increasing adoption of new technologies such as big data, cloud computing, and artificial intelligence. Overall hiring in the IT sector is expected to surge by 12-15 per cent in 2024, especially due to the surge in GCCs and global economy settling down comparatively. From a quarter perspective, the initial quarter will notice an average 8-10 per cent growth in hiring, followed by Q2 and Q4 demand percentage rising up to 12-14 per cent,” NLB Services said in a note.

According to the staffing firm, some of the most in-demand IT skills in 2024 are expected to include, AI&ML experts, DevOps specialists, full stack developers, cybersecurity experts, blockchain developers, cloud architects, and UI/UX designers among others.

Continuing the trend, the emphasis on upskilling and reskilling will remain a prominent objective for a majority of companies during this period.

Moreover, emerging technology areas like green technology, and electric vehicles are likely to drive demand for skilled IT professionals. An increased emphasis on AI and cybersecurity is expected to supplement this uptrend.