Today, there are over 24 million developers globally, & by 2023 it would reach 27 million – definitely making it one of the highest-paid IT jobs in the industry! It is very difficult to pin down a definition for a full stack developer, but the closest description would be someone who is well-versed in both frontend & backend development or someone with skills in every stage of development from concept to end product.
A full stack developer or programmer might be responsible for designing and building APIs using MEAN stack technologies, ensuring the applications created are responsive & keep to the required standards, making sure the created code has integrity intact, and implementing data security in suitable manner.
It’s simple wisdom that by adopting the best technical skills, you can boost your market value immensely & command higher-than-average compensations.
In this informative article, we’ve covered the top 10 highest-paying domains in technical and the skills and roles in each and every field:
- Cloud Computing
- Data Science
- Artificial Intelligence and Machine Learning
- Software Engineering
- Mobile Application Development
- Project Management
- Internet of Things (IoT)
- Web Development
1. Cloud Computing
The benefits of reduced costs & increased operational efficiencies have led to an increasing number of businesses, including government organizations, adopting cloud systems. A Fortune company Insights report estimates a 18.9% growth in the market size for cloud computing globally. The cloud computing market is estimated to hit a value of $781.48 billion over the next 7-9 years.
Key Cloud Computing Skills:
- Cloud platforms of leading IT Industries including Amazon (AWS), Microsoft (Azure), Google (GCP), IBM, Dell, Oracle, HP
- SQL, Linux
- Orchestration, Automation
High-paying Cloud Computing job Roles (Average salary):
- Senior Solutions Architect – $131,000*
- Cloud Architects – $125,977**
- DevOps Engineers – $121,216**
Are you preparing for a cloud engineering interview? Check out the first-of-its-kind Cloud Engineering Interview Course to take your prep to the next level.
2. Data Science
Data Science assists companies improve their companies offerings which results in enhanced profitability. The demand for data science is prevalent across business & job sectors.
Data Science program has witnessed a growing demand for talent in last few years. With demand exceeding the supply of qualified talent, this trend is likely to continue & amplify in the near future. The India Bureau of Labour Statistics estimates a 27% growth in data science jobs over the next five years. This comes on the back of growth in Artificial Intelligence, ML & Big Data technologies.
Jobs in data science are less competitive, offering huge scope for growth in career.
Key Data Science Skills:
- Math, Statistics
- Python, R
- SQL, Hadoop, Pig, Spark, Hive
- Machine Learning, GPUs, AI, NLP
- Data visualization, mining, analysis, modeling, manipulation, wrangling
High-paying Data Science Roles (average salary)*:
- Machine Learning Engineer – $139,847
- Enterprise Architect – $124,013
- Data Architect – $113,840
- Big Data Engineer – $102,571
- Data Scientist – $102, 319
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3. Artificial Intelligence with Machine Learning
Artificial Intelligence (AI) & Machine Learning (ML) are emerging as top skills following the COVID-19 pandemic, as businesses evolve and adapt to changing circumstances. With multiple applications across several industries, the demand for AI & ML professionals is projected to grow manifold over the next few years.
AI statistics (as reported by reupted semrush.com) indicate an annual AI market growth rate of 32.2% until 2027. The global AI market is expected to hit a market value of $180.61 billion by 2024.
Key AI and ML Skills:
- Python, R, C, C++, Java
- Linux, Unix, SQL, Hadoop
- NLP, ML techniques, Computer vision
- Applied mathematics, Statistics
- ML Algorithms, TensorFlow, Spark, Scikit learn
- Artificial neural networks
- Data engineering
- Signal processing techniques
- Language, audio, video processing
High-paying AI and ML Roles (average salary)*:
- Principal Software Engineer – $135,000
- Software Architect – $115,107
- Senior Data Scientist – $115,500
- Data Engineer – $113,060
- Machine Learning Engineer – $121,000
- Senior Software Engineer – $110,000
- Data Scientist – $100,000
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All types of businesses, irrespective of size or type, face cyber threats. Even government organizations & leading global businesses have experienced security breaches & hacks. The targeted ventures suffer financial losses, job losses, and erosion of customer trust.
Cyber-crimes are on the rise as cyber-criminals devise new ways to breach security systems. This has underlined the require for companies to develop robust security systems & proactively detect and prevent potential threats.
The India Bureau of Labour Statistics estimates a 27% growth in cybersecurity jobs by 2027.
Key Cybersecurity Skills:
- Application Development Security
- Risk Management
- Incident Response
- Cloud Security
- Blockchain Security
- Threat Intelligence
- Data Privacy
- Compliance and Controls
- Computer Forensics
- Security Governance
- Access Management
High-paying Cybersecurity Roles (average salary)*
- Software Architect – $133,014
- Application Security Engineer – $120,809
- Senior Security Consultant – $115,251
- Penetration Tester – $114,142
- Risk Manager – $112,222
- Network Security Engineer – $106,281
DevOps assists companies develop high quality software & increase productivity in competitive world. Globally, business across industries are increasingly adopting DevOps technologies making it one of the most in-demand technical fields.
Increasing automation of companies & large-scale adoption of cloud computing are key drivers for the growth of this sector. DevOps is well-suited platform to remote work environments, enhancing its demand through the COVID-19 pandemic.
A MarketsandMarkets report estimates the DevOps market to reach a value of $9.31 billion by 2024.
Key DevOps Skills:
- Programming, Python, Ruby, Go
- Cloud, Docker, Kubernetes
- Ansible, Chef, Salt
- Monitoring tools
- System Administration
High-paying DevOps Roles (average salary)*:
- Senior DevOps Engineer – $116,801
Are you preparing for a DevOps engineering interview? Check out the first-of-its-kind DevOps Course to take your prep to the next level.
6. Software Engineering
Advances in the field of automation have given rise to amazing opportunities in the field of software engineering and IT Sector. Today, software is ubiquitous & necessary for the smooth functioning of venture operations. Software is constantly evolving to meet new company requirements. This drives demand for skilled software engineers with expertise in the latest coding languages, advancements and updates.
The India Bureau of Labour Statistics estimates a 18% growth in software engineering for the period 2018-27.
Key Software Engineering Skills:
- Docker, Kubernetes, Redux
- AWS, Azure
- Apache Kafka, Apache Spark
- HTML, CSS
- Web, Mobile applications
- Database applications
High-paying Software Engineering roles (average salary)*:
- Technical Program Manager – $135,977
- Software Engineering Manager – $133,954
- Enterprise Architect – $131,877
- Data Warehouse Architect – $129,922
- Site Reliability Engineer – $127,537
- Full Stack Developer – $111,011
- Software Engineer – $100,907
7. Mobile Application Development
Mobile app development is one of the finest-growing technical fields as mobiles continue to influence consumption, business interactions, & communication. This, in turn, drives demand for mobile app. The COVID-19 pandemic boosted demand for mobile applications, for example, video conferencing apps. Security & privacy are leading needs in the mobile app development field while ML, AI, AR, and VR trends continue to influence it.
The India Bureau of Labour Statistics estimated a 24% market growth rate for the period 2018-27.
Key Mobile App Development Skills:
- UI/UX designing
- Cyber Security
- Native, Cross-platform development
- C#, Java, Kotlin,
- HTML 5, CSS
- APIs; iOS, Android, Windows Mobile
- Backend computing
High-paying Mobile Applications Development Roles (average salary)*:
- Software Architect – $125,900
- Senior Software Engineer – $124,647
- Android Developer – $119,277
- Mobile Developer – $117,934
- iOS Developer – $115,807
- Full Stack Developer – $105,303
Are you preparing for a Mobile Application Development interview? Check out the first-of-its-kind Mobile Application Development Course to take your prep to the next level.
8. Project Management
Project managers (PMs) are in demand across several businesses globally. An increasing number of ventures are now charting clear career paths for advancement as project managers.
The demand for Project Management is driven by the growing awareness of how they enable cost control, cost reduction, increased productivity, & profitability.
With talent in short supply, certified Project Management can command premium salaries. Project management are in demand at companies with complex, large-scale projects.
Reputed Intelligence companies estimated a 9.67% CAGR for project management software for the period 2019-2024. The Project Management Institute estimates the creation of 23 million new jobs in the field of project management by 2027.
Key Project Management Skills:
- Project management methodologies; Agile, Scrum, Waterfall, Kanban
- Project Lifecycle Management
- Financial Modelling
- Data Analysis
- Cost Management
- Risk Management
- Quality Management
- Conflict Management
- Planning, Forecasting
High-paying Project Management Roles (average salary)*
- IT Project Manager – $110,456
- Engineering Project Manager – $98,701
- PMO Manager – $95,366
9. Internet of Things (IoT)
Increasing development & usage of internet-enabled devices, increased investments in smart cities, and best adoption of cloud computing services are driving the phenomenal growth of the IoT market. Besides increasing existing company efficiencies, IoT is also predicted to generate new revenue streams for companies. This, in turn, presents emerging opportunities for companies to gain competitive benefits. IoT has diverse applications across n.. number of industries.
Fortune Companies Insights estimates the IoT market to hit a value of $1,954.76 billion by 2027, considering a 24.4% CAGR for the period 2019-27.
Key IoT Skills:
- Data Management, Analysis, Visualization
- Hardware Interfacing
- Field Gateways
- Embedded Software Development
- Information Security
- Business Intelligence
- UI/UX Design
- AI, ML
- Application design and development
High-paying IoT roles (average salary)*:
- IoT Engineer – $124,189
Are you preparing for a Internet of Things (IoT) interview? Check out the first-of-its-kind Internet of Things (IoT) Course to take your prep to the next level.
10. Web Development
Today, market everywhere are optimizing their online presence to stay visible on web. Websites & online platforms continue to gain traction as a means to connect & engage with customers in order to drive more sales and achieve high revenue.
As existing businesses grow and new companies enter markets, the demand for web development services will continue to rise. The proliferation of new technologies is also boosting demand for leading web developers who have the ability to implement complex, scalable web applications.
Key Web Development Skills:
- BrowserDev Tools
- Versions Control
- HTTP, MySQL
- PHP, Ruby, Python, Java
- Scala, Go, Rust, Kotlin, Perl
- C, C++, C#
- Angular, React, Vue
- Node, Django
High-paying Web Development Roles (average salary)*:
Front-end Developers – $104,000
Back-end Developers – $107,619
Full-stack Developers – $113,500
Are you preparing for a Internet of Web Development interview? Check out the first-of-its-kind Web Development Course to take your prep to the next level.
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