The U.S. may be the global center of the IT universe, but India will exceed the U.S. in the number of software developers by 2017, a new report notes.
There are about 18.2 million software developers worldwide, a number that is due to rise to 26.4 million by 2019, a 45% increase, says Evans Data Corp. in its latest Global Developer Population and Demographic Study.
Today, the U.S. leads the world in software developers, with about 3.6 million. India has about 2.75 million. But by 2018, India will have 5.2 million developers, a nearly 90% increase, versus 4.5 million in the U.S., a 25% increase though that period, Evans Data projects.
India’s software development growth rate is attributed, in part, to its population size, 1.2 billion, and relative youth, with about half the population under 25 years of age, and economic growth.
India’s services firms hire, in many cases, thousands of new employees each quarter. Consequently, IT and software work is seen as clear path to the middle class for many of the nation’s young.