Imarticus Learning Report predicts that India’s data science education market will reach $1.39 billion by 2028.

The “Data Science Education Report 2023” published by Indian edtech platform Imarticus Learning shows that the global data science education market is expected to grow to a staggering $378.7 billion by 2030. With a compound annual growth rate (CAGR) of 57.52 percent, the report projects that India’s data science education market will grow exponentially from $204.23 million in 2023 to an astounding $1.391 billion by 2028. A paradigm shift in many industries toward data-driven decision-making is blamed for this upsurge.

At the same time, it is anticipated that the Indian online education market would expand dramatically, from $76.20 million to $533.69 million, underscoring the country’s growing reliance on digital learning environments.

With 215,793 open positions right now, the research predicts a large upswing in the big data and analytics job market. Forecasts suggest that by 2028, there will be more than 338,000 job openings in the big data space, underscoring the increasing need for qualified experts in this domain. Companies that are actively looking for data scientists include Amazon, AWS, Bain and Company, Deloitte, Ernst & Young, and Google. They offer competitive annual compensation packages that range from Rs 6.5 lakh to Rs 35.1 lakh.

With an estimated 30.1 percent CAGR, India has established itself as a global big data analytics powerhouse. By 2027, the industry is expected to have grown from $5.7 billion in 2022 to an astounding $30.7 billion. India is predicted to take up 32% of the global analytics market during this time, which will result in a significant increase in job and educational opportunities.

According to the report, the most in-demand jobs are those of data scientists, data analysts, and business analysts, who together are propelling the sector’s growth. Prominent among them are also managers of data science, financial analysts, big data engineers, data specialists, and business intelligence analysts. Furthermore, experts in computer vision and natural language processing (NLP), two fields essential to the development of innovative AI applications in a variety of industries, are in greater demand.