5G adoption to unlock wealth of opportunities for India's tech talent pool: Report

Mumbai: A significant percentage of companies in India believe that the advent of 5G will herald a transformative era in the world of work, unlocking a wealth of opportunities for India's tech talent pool, says a report. According to the report by staffing company TeamLease Services, over 80 percent of respondents believe that IT and banking, and Financial Services will benefit from the 5G technology in terms of job creation and upskilling. The report titled "India's 5G rollout: Revolutionising the People Supply Chain" is based on responses from over 247 companies on the impact of 5G on the ecosystem and employment generation.

"With substantial investments, such as the PLI scheme allocating Rs 12,000 crore to the telecom sector, with approximately 25 percent dedicated to creating new jobs, we are poised for a positive outlook on job creation and upskilling," TeamLease Services CEO - Staffing, Kartik Narayan said. This will boost confidence to harness the potential of 5G, creating unprecedented job opportunities, driving innovation, and shaping a transformative future, he added.

Adoption of 5G will have a significant impact on industries

The adoption of 5G will have a significant impact on industries such as BFSI (60 percent), education (48 percent), gaming (48 percent), and retail and e-commerce (46 percent), the report said. On a year-on-year basis, 46 percent of participants anticipate job creation ranging from 61 percent to 80 percent in the first year of 5G implementation.

"Telecommunications companies embracing 5G solutions present a promising growth opportunity. As telcos leverage the potential of 5G in network upgradation, migration, IoT/IIoT, mobility, network infrastructure, and network security, we anticipate increased hiring for specialised roles," Narayan said. This advancement creates new opportunities and drives demand roles such as technical content writers, networking engineers, AI/ML professionals, UX designers, cloud computing engineers, cybersecurity specialists, data science and analytical experts, and more, he added.

Telecom industry is facing a considerable demand-supply gap of 28%

The report, however, noted that the telecom industry is facing a considerable demand-supply gap of 28 percent, which emphasises the urgent need for comprehensive upskilling and reskilling initiatives.
Encouragingly, 88 percent employees expressed a preference for upskilling, indicating a strong desire to enhance their existing skill sets, the report said. Additionally, 11.2 percent employees showed a preference for reskilling, presenting significant opportunities in the job market for fresh talent, it added.

The report also highlighted the impact of 5G on job creation over the next few years, with 41 percent of respondents expecting an impact of more than 80 percent creation over the next three years of the 5G rollout.
According to Narayan, the impending 5G rollout is expected to lead to an 80 percent increase in tech-related jobs.

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