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The ongoing digital revolution is changing the corporate landscape as we speak. Regardless of which industry one operates in, the effects of technology and digitalization can be felt everywhere.
According to the World Economic Forum (WEF), over 75 million jobs will soon disappear due to the increasing adoption of new technologies as well as structural alterations in the labor market. At the same time, 133 million new jobs will spring up, just in professions that people didn’t consider previously.
If we analyze the statistics, one trend becomes apparent: middle-class jobs are now growing at a much slower pace than low-wage and high-wage jobs.
So, the question arises, which sector should you operate in to have a better chance of finding a job in the future? Here is a list of professions that will be most in-demand due to the changing corporate trends:
1. Data Analyst
According to the Bureau of Labor, employment of data analysts, along with other information research scientists is projected to grow by 11 percent by 2024.
With the onset of digitalization, now, organizations have a lot of data to analyze and process. Whether it be website traffic, demographics of customers, or purchase history, there are a lot of insights that need to be analyzed and churned to be usable for the creation of strategies.
Data analytics is now an integral part of any business-related course. However, some universities even offer a separate degree in data analytics. For example, all the best MBA schools in Florida, New York, and California offer degrees in data analysis and data management.
2. Solar Energy Technician
The world is gradually becoming aware of the dire consequences of fossil fuels on our environment. As per the Center for Climate and Energy Solutions, renewable energy continues to be the fastest-growing energy source in the US. Between 2000 and 2018, the sector grew by a whopping 100 percent
Additionally, the generation of solar energy is expected to climb from the current rate of 11 percent to approximately 48 percent by the end of 2050. Hence, solar energy is on its way to becoming the fastest-growing source of electricity.
Any profession that is linked to the sector is likely to benefit from this growth. It includes solar energy technicians as well. Here, technical expertise is required much more than formal education.
3. Healthcare providers
COVID-19, which was declared a pandemic on 11 March 2020, has plagued the world. With every passing day, the number of cases, as well as casualties, are increasing. The pandemic has also showcased a gap in the supply and demand of healthcare providers, in case of widespread diseases.
As per Statista, for a population of 328.2 million, the US currently has over 1.1 million doctors and physicians. It is safe to say that neither the number of healthcare providers nor the current system is adequate to deal with pandemics.
It won’t be a surprise that moving forward; countries will invest more in healthcare systems. It will be a harbinger of massive job creation in the healthcare sector.
4. Nurse Practitioners
The US has a growing percentage of the aging population. As per the projections made by the Census Bureau, the US’s population will constitute of 95 million people over the age of 65 by 2060. Furthermore, as the population ages, the dependency ratio of the country will also increase.
Currently, the ratio of the working-age population to a retirement-age person is 3.5. By 2060, this will reduce to 2.5. It means that there will only be 2.5 working-age people for every retirement-age individual.
As the aging population increases, there will be a rise in demand for the services of those with nursing skills. Whether it be in-house care or nursing at home, nurse practitioners will witness a surge in demand.
5. Software Developer
What makes some smartphones better than others? The software. What is one thing that makes your smartphone “smart”? Apps. What allows you to transfer data over networks? Internet of Things.
And what is the one common thing among smartphone software, apps, and the internet of things? It is that software developers create them.
As per the Bureau of Labor Statistics, software developers’ jobs and hence employment is likely to grow by a staggering rate of 21 percent by 2028. It is significantly faster than the average growth of all professions.
The rapid advancement in technology has brought about a demand for internet-of-things solutions, app, and mobile development, etc. Software developers are in demand to ensure that the customized needs of different sectors and customers are met.
Going by the current pace of technological innovations, one thing is for sure that there will always be a demand for software developers. So, if you want to choose a profession while keeping an eye on prospects, this profession should be on your list.
6. Digital Marketers
Did you know that approximately 60 percent of the global population is online? According to Statista, 4.54 billion people use the internet.
It has opened a new platform worth exploring for brands. Now, they can communicate with a significant portion of their target audience online. Subsequently, this has given rise to the demand of digital marketers.
Whether it be a content strategy, SEO expertise, e-commerce specialization, or brand marketing, there are a lot of digital marketing skills that are highly in-demand in a variety of countries, including the US.
A great thing about this profession is that it has ample opportunities to work as a freelancer and hence offers flexibility when it comes to working hours.
What will be your profession?
The six professions mentioned above are some of the many professions that will be in-demand in the near future. Some of them will require formal education, while others will need technical expertise.
Whether or not a given profession is the right one for you depends on your strengths and skillset. Identify your aspirations and strengths. Do your research about the type of skills required for each of these jobs. See where you fit the best.
Remember, you will always be successful and satisfied if you devote your time and efforts in a profession you genuinely enjoy. Good luck!