How Does India’s Data Science Industry Compare to Bigger Global Markets?

Data science might look like a big industry but it is an incredibly fast moving one, where trends and innovations constantly change overnight. It is not only the data science organizations that are reaping the benefits of staying on top of trends but also professionals taking admissions with the best data science courses in India.


If we compare the current trends in 2022 with those of pre-COVID years, we will witness a big gap in how skilled professionals from data science courses are getting hired at a much higher package. India, by virtue of its massive talent market and the king of learning and support system we see in the data science courses in India, is definitely a furnace to watch out for, where innovations are fuelling the next generation of technologies. 

Let’s analyze how India’s data science industry compares to other markets in the world.

AI- the booming explosion with powerful results

If you take the list of the top 100 AI companies in the world, you are likely to see a very strong connection between India, its data science ecosystem, and the business strategies that have emerged with specifically Indian market in mind. 

In recent reports, we found that the AI innovations in the Indian IT industry are truly a remarkable journey for many companies. Startups and first generation IT software companies are playing a significant role in building a strong business landscape around traditional Indian agro-based industries and supply chain management. 

Big data and Business data analytics

9 out of 10 world class business analysts working in top sales and marketing companies are Indians. They are certified in the best data science courses in India and are often found to be leading projects in diverse fields such as healthcare, education, media, finance, and manufacturing. 

In the B2B world, Indian business analyst communities contribute more than $50 billion USD every year in sales revenues and projections are even better for the next 5 years. By 2030, 100,000 data scientists and analysts would be hired from India to manage business data analytics aiding companies and government projects around the world.

Retail banking and smart finance

India’s fintech space is a pool of opportunities. Even bigger than other established markets such as the US, Canada, Singapore, and China! By 2030, India’s fintech space would outperform all the major markets, backed by the acceleration happening in emerging technologies and capabilities.

Did you know that the Indian banking system has collected massive mileage in the recent months due to its well thought planning and strategic decision making, even when the pandemic was at its peak? 

Yes, India’s RBI – the central banking regulator has acknowledged how the use of data science and AI applications has helped establish its control and authority over economic challenges. With a larger impetus coming into the retail banking and smart finances, it is very much possible that the role of data scientists passing out from the best data science courses in India would prefer working in the Indian Fintech space than going elsewhere outside the country. 

Internet content and lead generation

In terms of lead generation, India contributes to 15% of the global revenue. Similarly for the content market, by virtue of web pages, gaming, mobile apps, news feeds, and video channels, India ranks among the top five markets in the world.

Data science professionals in India are largely hired for internet and e-commerce roles where they get paid 10-15 percent higher than what they get paid in other industries. In terms of size and volume of sales, India’s e-commerce is bigger than other markets, and when you bring in data science capabilities into the industry, it’s a smart amalgamation.

We can summarise by looking at various domains within the e-commerce companies where data scientists get placed. These are: 

  • Marketing Intelligence Customer behavior segmentation

  • Customer relationship marketing or CRM

  • AI-based email marketing and content personalization

  • Mobile analytics

  • Pricing structure and product inventory management, and so on

It would be a hard pressed thought that only in the last 10 years, the Indian government has started taking a strong inclination toward developing India’s startup landscape by promoting the use of AI for the development of other related technologies in cyber security, Internet of things, mobile development, cloud computing, and automation. In many of these domains, India’s data science professionals stand strong and tall amid the competition and apparent recessions that have swallowed many western markets, but India’s bubbling economic strength continues with perennial magnanimity. 

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