These Emerging Technologies Will Create 30 Lakh Jobs By 2018
Introduction of digital wallets and the gaining popularity of smartphones are leading to consistent increase in demand for technology which are likely to increase 30 lakh job opportunities in the telecom sector by 2018, according to a joint study by Assocham-KPMG.
Roll-out of 4G technology with an increase in data is bringing new players in the market. Emerging technologies such as 5G, M2M (Machine-To-Machine) and the evolution of Information and Communications Technology (ICT) are expected to create employment avenues for almost 8,70,000 individuals by 2021, according to the study.
It said the existing manpower in the sector may not be adequate both in number as well as in skill to cater to the upcoming demand. The Telecom Sector Skill Council has been set up to cater to the demands and skill needs of the telecom sector.
The telecom sector has grown at 19.6 per cent compound annual growth rate (CAGR) in terms of subscriber base and at 7.07 per cent CAGR from a revenue perspective over the last few years.
There is a need to bridge the gap in skill which on the one hand would require identification of skilled manpower in diverse roles such as infra and cyber security experts, application developers, sales executives, infrastructure technicians, handset technicians etc. as well as on the other hand re-skilling of existing manpower working on existing technologies for them to be updated with upcoming requirements.
However, the industry recommended more targeted and specialised skill development programmes that would enhance existing manpower capabilities and availability to ensure uninterrupted development of the sector as a whole.
