High Demand, Low Supply Jobs in 2024??

Hey all,

Good to see you all again with my latest newsletter. This time, we're diving into the job market analysis for 2024. But this isn't just another "Top Demand Jobs in 2024" piece. Instead, we're focusing on "Jobs which have high demand but low supply."

This isn't your usual job market rundown. I went through an analysis of IT jobs that have high demand and low supply. It's crucial to understand that it's not just about choosing high-demand jobs. Learning about these specific high-demand, low-supply roles can make you unique in the industry, thereby increasing your value to companies.

Why someone should know about this stuff??

Simple Answer: "High demand, low supply" jobs are often more advantageous than "high demand, high supply" jobs:

1. Higher Salaries
2. Better Job Security
3. Increased Bargaining Power
4. Rapid Career Advancement
5. Valuable Skill Development

So, Let's dive into important part of this Newsletter.

Ten IT jobs in India with high demand, low supply, and good pay as of now. (supply is rising)

This list is just to look where you would probably fit into. I covered specially IT sector on this newsletter, will dive into other sectors soon.

1. Big Data Engineer

- Skills: Hadoop, Spark, NoSQL databases, data warehousing, programming languages like Python and Java.

- Demand: High due to the exponential growth of data and the need for companies to analyze and utilize big data for strategic decision-making.

- Supply: Low because the skill set required is specialized and not many professionals have the necessary expertise.

- Average Salary: ?5 LPA to ?15 LPA

2. Cyber Security Professional

- Skills: Network security, ethical hacking, risk management, security protocols.

- Demand: High due to increasing cyber threats and the need for robust security measures in organizations.

- Supply: Low as not many professionals specialize in this area and the field requires continuous learning to keep up with evolving threats.

- Average Salary: ?5 LPA to ?40 LPA

3. Cloud Solutions Architect

- Skills: Cloud platforms (AWS, Azure, GCP), cloud architecture, networking, programming languages.

- Demand: High because more companies are migrating to cloud-based solutions, which require skilled architects to design and manage.

- Supply: Low due to the specialized knowledge needed and the rapid evolution of cloud technologies.

- Average Salary: ?17.8 LPA

4. System Security Manager

- Skills: IT security policies, incident response, cybersecurity technologies.

- Demand: High as organizations need to protect their IT infrastructure from breaches and ensure data security.

- Supply: Low because it requires a deep understanding of both technology and security management, which is not widespread.

- Average Salary: ?7 LPA to ?40 LPA

5. DevOps Engineer

- Skills: Continuous integration and delivery (CI/CD), automation tools, scripting languages.

- Demand: High due to the need for efficient and automated software deployment processes.

- Supply: Low because the role requires a combination of development and operations skills, which is relatively rare.

- Average Salary: ?6 LPA to ?20 LPA

6. Robotics and Automation Engineer

- Skills: Robotics design, automation frameworks, programming in languages like Python and C++.

- Demand: High as industries are increasingly adopting automation and robotics to improve efficiency.

- Supply: Low because it is a specialized field with a steep learning curve and not many professionals are trained in it.

- Average Salary: ?3 LPA to ?14 LPA

7. Blockchain Engineer

- Skills: Blockchain protocols, smart contracts, decentralized applications.

- Demand: High due to the growing interest in blockchain for secure and transparent transactions.

- Supply: Low because it is a new technology and there are few experienced professionals in the field.

- Average Salary: ?5 LPA to ?20 LPA

8. IoT Solutions Architect

- Skills: IoT frameworks, device integration, cloud platforms.

- Demand: High as more devices are becoming interconnected, creating a need for comprehensive IoT solutions.

- Supply: Low because it requires a broad skill set covering both hardware and software aspects.

- Average Salary: ?10 LPA to ?29.5 LPA

9. Database Administrator

- Skills: Database management systems, SQL, performance tuning.

- Demand: High because businesses rely on databases for storing and retrieving critical information.

- Supply: Low as the role requires specific technical skills and experience with various database technologies.

- Average Salary: ?3.4 LPA to ?10 LPA

10. IT Manager

- Skills: Project management, IT strategy, team leadership.

- Demand: High as organizations need experienced managers to oversee IT projects and ensure alignment with business goals.

- Supply: Low because the role demands a combination of technical knowledge and management skills, which is hard to find.

- Average Salary: ?7 LPA to ?25 LPA

These roles offer great opportunities for those with the relevant skills, given their high demand and attractive compensation packages.

Sources:

MyGreatLearning, Upgrad, Internshala blog