Indian Data Science education market set to $1.4 billion by 2028: Report

India’s Data Science education market is poised for a 57.5 per cent surge to $1.391 billion (about Rs 11,569 crore) by 2028, according to a study by the ed-tech platform Imarticus Learning and Hyderabad-based tech portal Analytics Insight.

In 2023, the sector was valued at $204.23 million (about Rs 1,698 crore) and is projected to experience a compound annual growth rate (CAGR) of 57.5 per cent over the next five years. The report anticipates a 57 per cent increase in data-related job opportunities, rising from 2.1 lakh this year to 3.3 lakh by 2028. Amazon, AWS, Bain and Company, Deloitte, EY, and Google are cited as the leading recruiters for these roles in the Data Science education report 2023.

Globally, the market is forecasted to reach  $378.7 billion by 2030, with a CAGR of 16.43 per cent from 2022 to 2030, driven by escalating demand for Data Science proficiency in Healthcare, Finance, and Retail sectors. The report also indicates a 25 per cent surge in demand for data scientists in the coming years.