We all know that change is the only constant. Regardless of your profession and designation, you must adapt to constant changes taking place at your workplace. You must learn new job skills throughout your work life to keep up with changes in the workplace, to grow in your career, and to boost career opportunities.
This post is meant for you if you are a technology professional:
- willing to stay competitive in the industry.
- who is wondering about a career change.
- whose professional life has got affected due to the Covid-19 pandemic.
- who feels that your most carefully made career plans are getting derailed.
In this article, we have listed 7 trending technologies that software engineers must learn in 2020. While we can’t predict the future, we are positive (looking at the market trends) that these 7 technologies will be in-demand and will help you future-proof yourself at work. Here is the list of the most in-demand and trending tech skills that will offer you a successful career:
- Data Science
- Cloud Computing
- Artificial Intelligence
- RPA (Robotic Process Automation)
- Augmented Reality (AR) and Virtual Reality (VR)
7 Most In-Demand Tech Skills to Master in 2020:
Let’s have a deeper look at each trending technology:
Note: We have shared the insights of market research studies for all most in demand tech skills to give you a fair idea of the projected future growth and career opportunities in that industry.
1. Data Science
Data science refers to scientific methods, tools, processes, and algorithms that are used to extract information and insights from structured and unstructured data.
Nowadays, many organizations are collecting more and more data every day, for which they rely on experts skilled in data science. Data Scientists compile, clean, and present data for businesses and organizations to make informed decisions.
According to Markets and Markets, “the data science platform market size is expected to grow from USD 37.9 billion in 2019 to USD 140.9 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 30.0% during the forecast period. Key growth factors for the market include the increasing focus of enterprises on ease of use methods to drive business and growing need to extract in-depth insights from voluminous data to gain a competitive advantage.”
The data science industry has a variety of perks to provide including technologies for Big Data, Data Mining, Machine Learning, Data Analysis, and Data Analytics. Moreover, there is a surge in demand for data science professionals across the globe and the number of job openings for Data Science shows no sign of slowing. Thus, by taking a data science online course, you will be entering the world of opportunities.
Benefits of Data Science:
- Empowering management to make better decisions
- Validates decisions with data-driven evidence
- Increased efficiency
- Helps in recruiting the right talent for organization
2. Cloud Computing
Cloud computing refers to storing and accessing computing services, such as databases, software, servers, networking, and analytics over the internet. It allows companies to store files and applications on remote servers instead of the computer’s hard drive and then access it via the Internet. To access the data, the users do not have to be present at a specific place, rather they can access it remotely.
According to Markets and Markets, “the global cloud computing market size is expected to grow from USD 371.4 billion in 2020 to USD 832.1 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 17.5% during the forecast period.”
Cloud computing is one of the most trending technologies with a high demand for qualified professionals. With most organizations (whether big or small) moving to the cloud, there is a massive boom in cloud-related jobs.
Benefits of Cloud Computing:
- Reduced cost
- Improved speed
- Increased productivity
- More reliable
- Better security
3. Artificial Intelligence (AI)
Artificial Intelligence refers to the intelligence demonstrated by machines. AI professionals focus on building machines that are programmed to think like humans. These machines are capable of doing tasks that require human intelligence.
AI systems exhibit different behaviors associated with human intelligence, like knowledge representation, problem-solving, learning, and reasoning, among others.
As per Grand View Research, “the global artificial intelligence market size was valued at USD 39.9 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 42.2% from 2020 to 2027.”
AI has become the biggest buzzword nowadays. Professionals with AI knowledge, experience, and skillset are highly in demand. Needless to say, careers in the field of AI are future-proof and are expected to survive well into the future.
Benefits of Artificial Intelligence:
- Reduced human error
- Helps in automating repetitive jobs
- Increase productivity
- Improved operational efficiencies
- Faster business decisions
DevOps is a set of practices and tools that combine software development and IT operations to shorten the systems development life cycle. In simple terms, it aims to make the process of building, testing, and releasing software – faster and more reliable.
DevOps professionals are engaged in building the software, checking code releases to make sure everything goes smoothly. It is one of the highest-paying remote jobs in the market.
As per Markets and Markets, “the DevOps market size is expected to grow from USD 2.90 Billion in 2017 to USD 10.31 Billion by 2023 at a Compound Annual Growth Rate (CAGR) of 24.7%. The demand for DevOps solutions and services among enterprises is expected to gain huge traction, due to the increasing need for fast application delivery with high quality.”
While DevOps is beneficial to IT organizations of any size, some of the big organizations relying on DevOps include Amazon, Facebook, Netflix, Etsy, Walmart, and Adobe.
Benefits of DevOps:
- Faster resolution of problems
- Continuous software delivery
- Increased productivity
- Higher employee engagement
- Promotes collaboration among the teams
- Nurtures innovation
- Cost reduction
Also referred to as Distributed Ledger Technology (DLT), Blockchain is a digital ledger of transactions that is duplicated and distributed thousands of times across a network of computer systems on the blockchain. It is the process of recording information in a manner that makes it difficult or impossible to change or hack the system.
“The global blockchain market size is expected to grow from USD 3.0 billion in 2020 to USD 39.7 billion by 2025, at an impressive Compound Annual Growth Rate (CAGR) of 67.3% during 2020–2025,” as per Markets and Markets.
Considering the market trends, the demand for blockchain professionals is ever-increasing. If you are someone equipped with all essential tools and knowledge related to blockchain, you sure have a bright career ahead.
Benefits of Blockchain:
- Improved security
- Increased efficiency
- Improved traceability
- Reduced costs
- Improved speed
6. RPA (Robotic Process Automation)
Robotic Process Automation refers to the application of technology, governed by business to perform automating. Simply put, RPA is the process of creating a software robot to automate any repeatable business process.
As per PR News Wire, “in 2018, the global Robotic Process Automation (RPA) market size was 477 Million USD, and it is expected to reach 1930 Million USD by the end of 2025, with a CAGR of 21.3% between 2019 and 2025.”
RPA enables you to automate any desk job in any industry that is routine and repetitive in nature. It is one of the fastest emerging technologies and professionals can easily expect a major share of RPA-related employment opportunities in the world in the coming years.
Benefits of RPA (Robotic Process Automation)
- Improved productivity
- Improved quality
- Redeployment of employees to higher-value tasks
7. Augmented Reality (AR) and Virtual Reality (VR)
Augmented reality (AR) and Virtual Reality (VR) are the technologies that bridge the real and virtual worlds. These technologies enable users to view information and content visually, in the same way, you take in the world. Many industries, like healthcare, travel, aviation, and automotive are developing augmented reality solutions in training applications.
AR adds digital elements to a live view and improves how our digital devices can help in our daily tasks, such as searching for information and shopping. VR on the other hand, lets users experience what it is like to go anywhere.
While AR offers an interactive experience of the real-world scenario, VR creates a completely immersive virtual environment.
As per Markets and Markets, the augmented reality market was valued at USD 4.21 billion in 2017 and is expected to reach USD 60.55 billion by 2023, at a CAGR of 40.29%, between 2018 and 2023. The virtual reality market was valued at USD 5.12 billion in 2017 and is expected to reach USD 34.08 billion by 2023, at a CAGR of 33.95%, between 2018 and 2023.”
Benefits of Augmented reality (AR) and Virtual Reality (VR):
- Rich, immersive and interactive user experience
- Personalized content as per user’s needs
- Increased brand awareness
While many new technologies keep emerging, evolving, and disappearing, these 7 most in-demand tech skills are unlikely to fade away any time soon.
Learning these most in-demand tech skills will help you to build and enhance your skills as well as realize your potential and prove your worth in the corporate world.
What are you waiting for? Enroll in an online course to upskill yourself and enter the world of career opportunities.
In case you have recently completed a professional course/certification, then