TECH BYTES - Monthly Tech Industry Bulletin - December 2021

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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.

The report will focus on a theme for the month, Leadertalks and Industry Facts.

Key Findings

Theme of the month - Quarterly Results Q2FY22 - Upbeat Revenues, Margins Under Pressure

Global economic growth and technology spending expectations remain upbeat - Global GDP is expected to increase by 5.9% in 2021 (marginal decline of 0.1% from July 2021
Demand-side momentum for technology companies remains strong- According to ISG, Global ACVs continue to surpass their all-time high record (US$19.9 billion last quarter) reaching US$21.8 billion during this quarter registering a growth of 40% y-o-y (highest growth since 2014)
Revenue growth maintained the growth trajectory, while margins remained under pressure- Revenues grew 4.5% q-o-q, and 17.8% y-o-y with digital and cloud remaining the major drivers
Attrition remains a key challenge which companies continue to address on priority

LeaderTalk - Trends and Future of Legal Tech Open Discussion

The discussion focused on how technology is showing increased opportunities both in the areas safegurading technology innovation, optimizing legal research for lawyers and streamlining legal operations for businesses. Overall legal technology is showing great promise in India and the world over as well.

Tech Industry Insights- Trending Industry Themes

Double digit growth a key theme, deployment of AI applications on 5G platforms, unicorn boom, key acquisitions, rise in social commerce, Retail4.0_Online+Offline, D2C Funding

TECH BYTES - Monthly Tech Industry Bulletin - December 2021

Key Findings

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