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TECH BYTES – Monthly Tech Industry Bulletin September 2022

September 12, 2022 3297 0 nasscom insights

TECH BYTES – Monthly Tech Industry Bulletin   September 2022

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

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Key Highlights

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Highlights from NASSCOM Reports Released in September 2022

  1. Intelligent Automation - Powering End-To-End Business Process Automation At Scale
  2. Quarterly Industry Review – August 2022
  3. India GCC Trends- Quarterly Analysis Q2CY2022
  4. India’s DeepTech Start-ups – Poised for Impact

 

Theme of the Month: Intelligent Automation - Powering end to end Business Process Automation at Scale

Key Insights

  • The size of the global intelligent automation market is anticipated to be $13.6 billion in 2022 (as estimated by Markets and Markets) and $26 billion in 2027
  • 93% and 96% of the "Transformers," or digitally advanced global organizations, anticipate to spend more on RPA/Intelligent Automation and AI/ML, respectively
  • Automation has been given a wider range thanks to the incorporation of AI/ML technologies, such as Computer Vision, Pattern Recognition, and NLP, which also overcomes RPA's shortcomings
  • The three main pillars supporting the worldwide hyperautomation market (expected to reach $596 billion in 2022) are Low-code, RPA, and Artificial Intelligence (AI)
  • The shift to the "Intelligent Enterprise" will be characterized by workforce transformation, real-time data access, and technological integration

 

Leader Talk: Discussion Series with Industry Experts on Niche Areas of Technology

1) Digital Enterprise Maturity: Giant Strides in the Transformation Journey Since 2020- Panellists: Sabre Global Capability Center, Sony, Avasant

2) GCC Landscape: India Story - Panellists: EY GDS Consulting Finance, Version 1

3) Why Electric Vehicles are the Future? EV Market in India -Panellists: L&T Technology Services, Ather Energy

Tech Industry Insights- Trending Industry Themes

  • Tech Trends: Indian IT companies are focusing on expanding COEs and innovation hubs across the country as well as internationally.
  • ER&D Trends: Indian ER&D companies are opening Engineering R&D and innovation centres to expand their offerings and cater to different industries
  • Tech Start-ups: As of 30 July, 2022, 102 incubators received approval for Rs.375.25 Cr under the Start-up India Seed Fund Scheme (SISFS)

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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