In the contemporary digital age the majority of industries become very much software dependent, require automation, digitization, and deployment of new technologies. The need for specialists, skilled in software engineering, is in high demand. In this study, we set out to investigate what challenges may arise in IT students skill sets and new competences in the software engineering context and answer the question how is skills demand evolving and where the gaps will be?". The paper analyzes what specific knowledge needs to be developed during university education and identifies their evolving skills demand. The paper recommends how students and young specialists in software engineering need to change themselves to adapt to the changing world.