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TECH BYTES – Monthly Tech Industry Bulletin – June 2021

June 17, 2021 2392 1 nasscom insights

TECH BYTES – Monthly Tech Industry Bulletin – June 2021

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

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Key Highlights

 

Theme of the month- Fintech

  • Indian Fintech adoption rate has been the highest globally, at 87% YoY, vis-à-vis the 64% global average growth rate. Demand-side pull for digital payments grew rapidly after an initial dip in early 2020, mainly driven by four key trends – contactless payments, data-led micro-lending, bite-sized insurance, and traditional-to-digital banking shift. Some solutions in these areas are detailed in this section

 

Theme of the month- Quarterly Industry Review

  • Indian IT closes FY21 on an optimistic note- Some key insights- Revenue growth with margins moving towards the pre-covid levels, increased hiring and rising attrition, strong deal pipeline paving way for optimistic outlook & Europe expansion a consistent growth theme

 

LeaderTalk - Vice President, Strategy and Public Policy, Paytm

  • Insights about learnings from the pandemic, digital transformation in payments,  & Emerging FinTech growth areas

 

Tech Industry Insights- Trending Industry Themes

  • Digital Transformation, Growth of unicorns, Time for IPOs, supplychain goes Green, Retail4.0_Online+Offline, D2C Funding

 

Community by nasscom Insights is focused on building the largest online community catering to the Indian technology sector. The purpose of the community is to bring the latest trends and discussions onto a single platform. Our passion for tech drives the free-flowing exchange of ideas and visions from industry leaders and game-changers across India.



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