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Below are some of the Insights to Enhance your Skills and Knowledge in the field of Data Engineering.

Data engineering is a crucial discipline when it comes to data. Without a comprehensive data engineering strategy, the data collected by your company will be of little use. Hence, it plays a key role in company growth, network interaction, and predicting future trends, which is why it is one of the most sought-after careers today.

In a world where we'll be producing 463 exabytes every day by 2025, data engineers can directly impact society.

WHAT IS DATA ENGINEERING?

Data engineering entails designing and constructing systems for collecting, storing, and analyzing data at scale. In addition to making data accessible, data engineers provide predictive models and show short- and long-term trends based on raw data. Organizing the huge amounts of data available to businesses would be impossible without data engineering.

WHO ARE DATA ENGINEERS?

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In 2021, LinkedIn Listed it as a Job on the Rise.

Data engineers set up and maintain the data infrastructures that support business information systems and applications. They design, build and install scalable data pipelines – this includes collecting, processing, storing, and transforming data into formats that can be processed and analyzed. According to Jesse Anderson, managing director of the Big Data Institute, data engineers are professionals who have specialized their skills in creating software solutions around big data.

WHY SHOULD YOU ASPIRE FOR A CAREER IN DATA ENGINEERING?

Data Engineering Market Size:

  1. India: $10.6 billion; to grow 4 times to $42.3 billion by 2025
  2. India will account for 41% of the Global DE market
  3. Global: $29 billion; to grow to $106 billion by 2025

                                                                                                  *Source – Report by Zinnov

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Data Engineering is the Fastest-Growing Tech Occupation with more than 50% Year-On-Year Growth - Source: DICE 2020 TECH JOBS REPORT

SALARY OF DATA ENGINEERS:

  • The median salary offered to data engineers is INR 17.0 lakhs per annum.
  • Data engineers in the Internet/eCommerce industry command the highest median salary of INR 28.5 lakhs per annum.
  • Data Engineers working in the Delhi NCR region get paid the highest median salary of INR 19.3 lakhs per annum, followed by Bengaluru at INR 19.0 lakhs per annum.

MARKET SIZE OF DATA ENGINEERS:

  • The size of the Data Engineering market in India is USD 18.2 billion in 2022.
  • Predicted to grow at a CAGR of 36.7% in the next five years to reach USD 86.9 billion by 2027.
  • Banking/Insurance employed the highest share of data engineers at 37.7% among all non-IT sectors.
  • The highest share 30.8% of data engineers have a work experience of 3-6 years.

JOB OPENINGS FOR DATA ENGINEERS:

  • The total number of job openings for data engineers as of the last week of May 2022 is 36,457.
  • There are more than 10,000 jobs in the market for data engineers who can command a salary of INR 10- 15 lakhs per annum.
  • More than two in five 44.9% jobs are listed for data engineers with 5 to 10 years of experience.
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