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TECH BYTES – Monthly Tech Industry Bulletin – May 2022

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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 and Industry Facts

Key Findings

What is New @nasscomR Highlights from NASSCOM Reports Released in April 2022
  • Cloud Strategic Partnerships: Alliances-Led Growth for SIS 2) India Patents Report- Innovations from India from India: Transcending Barriers 3) Tech Start-ups: Quarterly Investment Factbook (Q1 CY22
Theme of the Month: Cloud Strategic Partnerships Cloud Strategic Partnerships: Alliances-Led Growth for Sis
  • The global technology services by 2025 is estimated to reach revenue of $650 billion and ~60% of this is expected to come from cloud and digital services. Recognizing this opportunity, global system integrators (SIs) have, over the last few years, set up cloud BUs or CoEs dedicated to building platform specific capabilities and solutions.
  • Our research indicates that 40%-50% of technology services and cloud revenue pool is likely to be influenced by platforms and hyperscalers.
  • Role of partnerships expected to be amplified as 3 key trends - growth of ecosystems, DTX business models, and rise of tech natives - are driving enterprises to adopt tech platforms at scale
Leader Talk: Discussion Series on the Performance of the Technology Industry in India (FY2022) NASSCOM Insights conducted a series of discussions with our analysts to highlight the key takeaways from our Annual Strategic Review 2022: The themes covered in
  • Key milestones achieved during FY2022
  • Emerging Tech Trends and CXO priorities for FY2023
  • Rise of Tech start-ups and unicorns
  • TECHScope Framework covering 25 technologies with tremendous future potential
  • India as a Digital Talent Nation
Tech Industry Insights- Trending Industry Themes
  • Tech Trends: FY22 ends on a positive growth, Fresher hiring to remain a key focus, Global expansion a key growth strategy, ER&D Trends: Electric air mobility, opening of innovation centers and acquisitions, tech Start-ups: Focus on partnerships between corporates, government, academia, solving for tier-2/tier-3 challenges

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