Before I begin, here are the few tech stack groupings that I have made as the basis for my article.

Written by Usman Asif

Oct 30, 2023

October 30, 2023

1. Mainstream full-stack development (MERN, ROR, PHP, JavaScript, etc.): Rough market share as per Q2 – 9.8%

2. Mobile Development (Android, iOS, React Native, Flutter): Rough market share as per Q2 – 9.5%

3. Trending paradigms (AI, ML, Data Science, Data Engineering): Rough market share as per Q2 – 12.09%

4. Widely used old technologies (C#/.NET, Java): Rough market share as per Q2 – 24.3%

5. Supporting technologies (Database, DevOps, UI/UX, QA): Rough market share as per Q2 – 30%

7. Legacy Technologies (COBOL, Go/Golang, C/C++, Networking): Rough market share as per Q2 – 5.6%

6. Niche Technologies (Salesforce, ServiceNow, Dynamics 365): Rough market share as per Q2 – 8.7%

So far in 2023, it has not been a year of mainstream technologies, but rather a year of emerging niches. There is a serious shortage of demand for the past few quarters, and there are no bullish signs of recovery so far. The apply-to-interview ratio of jobs has gone down, which means the leads to maturity ratio is down, in some cases even below 2%. Everything, from lead generation to closing, has been dead slow across the board in all major competencies of bespoke services as well as corporate and enterprise services. The maturity-to-closing ratio is also significantly down, perhaps due to negative market sentiments or hiring freezes happening worldwide. In the last 10 years, I have never seen Q2 progress so slowly, but that cannot and should not be an excuse for not growing.

One core issue with our education system is that it is extremely disconnected from the industry, which is evolving very quickly. Therefore, it is my strong opinion that every CS graduate, especially those in their last semesters, should maintain a good relationship with the industry. However, that alone will not be enough during these times, as the growth is not in mainstream tech but in the evolving niches. That’s why I always suggest everyone find the right mentors, watch trends, and develop their own contrarian truth. When observing trends, don’t just look at the number of job opportunities as the core parameter but also study the saturation index of that field. One suggestion I would give to institutes like DirAction Skills, which are trying to fill the gap of need, is to invest in their R&D departments to enable our youth with the right technologies. The core summary of the whole thing above is to train for the technology that will be hot tomorrow, not for the one that is mainstream today.

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