TECH BYTES – Monthly Tech Industry Bulletin December 2022

• 5G – Unfolding India’s Era Of Digital Convergence
• Future Of Workforce: Decoding The Gig Workforce 2.0
• NASSCOM - Avasant Engineering And Manufacturing Transformation
• India GCC Trends Quarterly Analysis Q3CY2022
• Enabling India’s Drone Ecosystem – Policy Suggestions

Key Insights

• Web3 is the next evolution of the World Wide Web based on the idea of ownership and empowering the users with more data control unlike Web 2.0’s centralized and platform-controlled model
• The new generation of the web is expected to bring new avenues for websites and applications that are based on the utility offered by blockchain technology
• India’s Web3 Landscape
  • Demography: 82% of Indian Web3 startups are located in Tier I cities, but the Tier II ecosystem is also rapidly growing across all Web3 application areas
  • Investment Potential: India is home to over 450+ Web3 startups with $1.3 billion of total investments in the last two years (until April 2022)
  • Talent Pool: 11% of global Web3 talent is in India, making India the 3rd biggest talent pool in this area
  • Application Areas: India’s Web3 startups have focused less on purely speculative cryptocurrency trading, focusing more on building diverse Web3 solutions across all major application areas

• The Future Growth Sectors in Digital Engineering Panellists: Wipro Engineering, GlobalLogic India, Deloitte India
• How Gig Economy is shaping the Future Of Work | Gig Workforce 2.0 Panellists: Indeed, Aon, Movate, SG Analytics
• Tech Bytes – Monthly Tech Industry Bulletin

• Tech Trends: Indian IT companies continue to focus on expansion both in the country as well as internationally through business centres as well as COEs and innovation hubs.
• ER&D Trends: Indian ER&D companies are opening engineering centres across the world. Indian ER&D companies are undertaking contracts to digitally transform operations of other companies. They have also won contracts and undertaking partnerships in automotive sector. They are acquiring companies to expand and accelerate their growth
• Tech Start-ups: Indian AgriTech funding overtake China as Asia Pacific’s biggest funder. Hurun came up with India’s most valuable PE/VC-funded companies. Samsung Invites Startups to Collaborate on Digital India Initiatives