According to a survey conducted by IBM, there will be an increase in job openings by 364,000 to 2,720,000 openings in the year 2020. Furthermore, the unstoppable rise in demand for data scientists will reach approximately 700,000 openings in the same year.
Jobs in Data Science are currently reigning the market such that Glassdoor has declared it to be the number 1 job on its website. Furthermore, the data science openings are open for 45 days, which is five days more than the regular job market!
Finance and professional services are the main demand zones for data scientists. The demand in these fields is 59% of the total demand for data scientists, which is the highest among all the industrial sectors. The Finance Sector accounts for 19% of the openings whereas professional services account for 18% and IT sector holds 17% of the total.
The demand for data scientists and advanced analysts will skyrocket in the year 2022, with a projected demand spike of 28%. Considering the rarity of ‘pure’ data scientists, industries are paying premium salaries to those who have the right expertise.