The demand for tech talent by the non-technology sector in India, driven by six industries, is expected to give employment to over 1 million tech professionals by 2027-28, according to research from TeamLease Services.

According to the company, at a fast-growing 7.53% CAGR (compound annual growth rate), industries that are primarily in the non-tech sector, such as BFSI (banking, financial services and insurance) and consulting, communication media and technology, retail and consumer business, life sciences and healthcare, engineering research and development (ER&D), and energy and resources, are set to employ over 1 million tech talent by FY28.

Currently, these industries employ over 0.7 million tech professionals, TeamLease added.

"The confluence of technology has made its way to almost every sector globally,” Sunil C, Chief Executive Officer, TeamLease Digital, said. “With the current 5G roll-out, the digital payments sector, growing new economy businesses and the manufacturing of electric vehicles dominating the auto market share, digital transformation is critical for all enterprises. This has created a demand for tech talent in non-tech sectors. Around 1 million tech professionals by FY28 is a testament to the growing stature of tech jobs in non-tech industries.”

Munira Loliwala, Business Head, Specialised Staffing, TeamLease Digital, added that while there is a surge in jobs, the lack of skilled talent continues to be a challenge for the industry.

Beyond tech hiring, organisations need to invest in broad tech upskilling and lay the foundation for a skill based talent management system, according to Loliwala.

"Surprisingly, currently in the non-tech sector, the majority of hiring is still not on permanent payrolls,” Loliwala said. “Although 54% of employers engage in a permanent workforce, a substantial 30% engage in mixed contracts, and another 16% engage in contractual hiring. These modes allow the companies to have a flexible policy to scale and cut down hiring costs based on needs and seasonality.”

Meanwhile, 27% of all popular tech roles are being paid highest in Bengaluru followed by Hyderabad at 16% and Delhi and Pune at 13%.