Top Industries with High Demand for Project Management Professionals
Looking for certifications in IT programs other than PMP?
May 29, 2019
Ravi Ranjan Kumar(Founder at CodexFly Technology)
Project management skills have been in high demand in this techno-industrial age. Market research is undertaken every now and then to forecast the requirements for Project Managers in the industry. According to PMI, which conducts the Project Management Professional examination, there is a growing demand for individuals in the Project Management Domain. PMI’s 2014 report reveals the high demand for practitioners of project management.
Not only in developed countries, but the demand for Project Management professionals is also increasing in developing economies like India and China, especially in IT and Manufacturing sectors. This post enlists how your career prospects can improve with an advanced PMP certification.
Which Industries have High demand for Project Management Professionals
Listed below are the industries that projected a higher than ever demand in PMP:
The high need for non-renewable energy today has led to a large number of projects being undertaken in areas of solar energy, wind energy & geothermal energy. Thus there is a huge demand for the project professionals in these areas.
Healthcare companies in US are now innovating in order to win customers. Cutting down costs, increasing efficiencies and enhancing customer experience is primarily focused by private insurers in the immediate future. Project managers with strong IT skills will find opportunities in healthcare projects are thus needed to unify service across multiple channels.
By 2017 Mobile Healthcare is expected to generate revenue of USD 23 billion and projects that capture healthcare data and use it to improve healthcare delivery with lower operational costs are going to be undertaken. This trend is soon to be followed in both developed economies as well as developing economies such as South Asia, Africa and Southern America where the middle class is demanding better access to healthcare facilities.
Construction industry also projects more than 70 percent increase in demand for Project management professionals by 2025, and it will be concentrated in three countries: China, the United States and India.
India has a shortage of PM professionals and the demand will go up to 3 million professionals by 2022. The country needs approximately 1 million skilled project managers to fill gaps in large construction projects that require high degrees of independence and complex regulatory compliance.
IT remains a powerful job engine & shows no signs of slowing. In the United States, technology outpaces all other industries in employment growth by three to one. Multinational IT corporations based in the United States are rapidly taking over smaller IT companies and expanding into emerging markets in Asia, the Middle East and Africa.
Thus there appears a strong need for project managers with a standardized set of skills to undertake system reorganization. The countries look for proficient IT project managers who are:
Good at understanding the political culture and principles of the organization they work for
Have the ability to think and act strategically
Have experience in architecture led Project Management
Countries with growing demand for Project Management Professionals
India: India’s largest-ever infrastructure project of US$100 billion is currently in process for Delhi-Mumbai. It’s the largest corridor development project in India ever. Apart from that, nearly 9 million new project management roles are projected to be needed by 2020. High demand for Project Management professionals is thus expected to be seen in coming time.
Canada: 582,366 new project management roles are projected to be needed by 2020.
Germany: The country needs more than 1.6 million new project management roles by 2020.
Brazil: The country’s 10-year energy plan will attract US$133 billion in investments. More than 1.3 million new project management roles are expected to be needed by 2020.
Australia: Australia has three operating liquefied natural gas projects and seven more under construction, representing an investment of more than AU$200 billion. A corresponding labor shortage in Australia translates to higher salaries for Project Managers there. More than 375,000 new project management roles are projected to be needed by 2020.
China: China boasts the world’s largest high-speed rail system: 10,463 kilometers (6,501 miles) of tracks. With an annual investment of US$100 billion, the country plans to complete 18,000 kilometers (11,185 miles) of track by 2015 and 120,000 kilometers (74,565 miles) of high-speed rail by 2020. Nearly 25 million project management roles are projected to be created by 2020.
Japan: According to PMI’s Project Management Talent Gap Report, 2.6 million new project management roles are expected to be created by 2020.
There is no doubt that PMP Certification brings you great career opportunities in various sectors. To acquire advanced PMP skills, you must get a PMP Certification through a reliable institute.
Learnoa is one such popular online education providers that have been offering training programs aligned to the official certifications. This online education platform is committed to delivering progressive education via various IT training programs. You will get to learn PMP skills through certified instructors (recorded live) with proficient experience in the project management industry. With this training program, you will get lifetime access to recorded classes and 24X7 support.
Looking for certifications in IT programs other than PMP? Learnoa has other IT certification programs like Microsoft.Net, Android App Development, Big Data Hadoop, Python & Django, DevOps and many more Certification programs you can seek enroll into.