TECH BYTES – Monthly Tech Industry Bulletin – December 2020

This monthly industry bulletin is our endeavor to aggregate and feature on a regular basis, key trends and insights shaping the technology sector. The information covered here is collated from publicly available sources and gives a bird’s eye view of what has happened in the technology sector during a particular month.

DOWNLOAD PDF SHARE REPORT

Key Findings

November 2020 ended on a positive note as India’s biggest festival season provided a much needed boost to demand, with online retail sales to business activity indicators signaling the gradual recovery of the economy.

The technology sector is also on a gradual road to recovery and growth. The second quarter results of FY2021 for the listed IT-BPM firms recorded highest sequential revenue growth since 1QFY17 of 6 percent, as demand pipeline strengthened

Cybersecurity solutions providers and end users in India have boosted their cybersecurity investments during the pandemic times, including greater focus on cybersecurity innovation and IP creation. India’s cybersecurity industry is expected to grow at a 21% CAGR through 2025, from the current base of $4.3 bn in 2019

The top areas where Blockchain is making inroads in India are Fintech/ digital financial services, and digital supply chains. The top three areas of blockchain use in financial services are: Payments Infrastructure, Fund Transfer Infrastructure, and Digital Identity Management

Download
this report

Regular Price: Free
Member Price: Free

Download report

Related Reports

TECHADE 2020: Digital Tech Opportunities

NASSCOM report titled ‘TECHADE 2020 Digital Tech Opportunities’ highlights the nine technologies - three foundational technologies - Big Data and Analytics, Cloud Computing, and…

17, March 2020