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IT skills demand among captives witnesses 22% growth from Oct-2020 to Mar-2021: Quess

Posted On: 2021-04-06 02:53:57 (Time Zone: Arizona, USA)


Data from Quess, a leading business solutions provider and India's largest private-sector employer reveals that there has been an increase in demand for IT skills among captives in India. The skill demand grew by 22.5% from October 2020 to March 2021, with BFSI, Technology Services & Consulting, Auto & Engineering and GCC's leading the front. Technology platforms such as Salesforce, SAP HANA, and ServiceNow are also witnessing an increased demand.

As every element of the industry's ecosystem witnessed a marked change in 2020, the revival of the economy post Covid-19 was helmed by technology transformations. Quess has mapped this trend to ascertain a consolidated industry outlook. The quarter-wise trends from Oct-Nov-Dec 2020 to Jan-Feb-Mar 2021 indicates a significant spike in demand is witnessed in IT Security (Up 166%), Full Stack (Up 110%), Android Developers (Up 80%), Data Analytics (Up 44.7%) and Angular JS (Up 40%).

The top 5 digital skills that emerged are Full Stack; React JS; Cloud Infra Technologies; Angular JS, and Android Developers, in this order. Furthermore, the geographical spread for the highest demand in IT skills amongst captives is primarily centered in Bangalore, with 41% associates deployed in India's 'Silicon Valley'. Other strong footholds are Hyderabad (14%), Chennai (11%), Mumbai (11%) and Pune (11%).

Vijay Sivaram, CEO, Quess IT Staffing said, "The demand for IT skill sets among captives in India has grown exponentially with organizations taking a skill-based approach while hiring their workforce. These trends showcase the evolving focus areas of the captives and large organizations as they build and transform their technology capabilities. Firms are increasingly seeking candidates who are agile, creative and skilled in this new era of work. In addition to core skill, possessing strong communication and soft skills as well as capabilities in both front end and back end technologies is becoming a key ask."

Methodology

The data is derived from the algorithm built into the company's application tracking system which maps and matches all candidates to their positions. The data on the % shift in demand is for the period of Oct-Dec 2020 vs. Jan-Mar 2021. The city-wise breakup of demand is as of Mar-2021.

Shares of Quess Corp Ltd was last trading in BSE at Rs.656.9 as compared to the previous close of Rs. 690.65. The total number of shares traded during the day was 59814 in over 1590 trades.

The stock hit an intraday high of Rs. 682 and intraday low of 651. The net turnover during the day was Rs. 39744216.


Source: Equity Bulls

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