In a fast-changing world, industry leaders believe that nurturing a collaborative culture to foster innovation across different layers of the IT stack is imperative. Besides building a network of strategic partners for joint development and sales opportunities, some market players have started preparing their product and support teams for changes, infusing them with a spirit of collaboration and creativity. NetApp has opened a new global center of excellence in Bengaluru, India, and companies such as Infosys, Wipro and Mindtree have similar programs and initiatives up andrunning. And the National Association of Software and Services Companies (NASSCOM) is leading an initiative to support startups with the help of industry partners.
The 451 Take
As a cradle of technology innovation and education, India is already home to a number of global technology giants and internet heavyweights for R&D and product engineering. Because of its pro-business investment climate and positive government support, the country continues to appeal to investors. With foreign investment and corporate venture capital, equity financing and bridge loans, seed/angel funding and crowdfunding, there is no shortage of investment outlets. New Delhi and Hyderabad have become increasingly attractive locations for tech startups, apart from Mumbai and Bengaluru. The robustness of India's tech community is likely to tempt new players and well-funded startups for technology innovation. This will rightly worry local incumbents and well-established players, and M&A activity is likely in the year to come. Because security and performance are key to earning the trust of local businesses, active providers are expected to tap into the fast-growing ecosystem of Indian startups for industry-specific data security and compliance capabilities and workload-aware management tools in the near-term. Taking the long view, market participants are upbeat about the role of tech startups in contributing to country-wide digital transformation.
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This document is authored by Agatha Poon, Research Director - Cloud Computing and Business Transformation Strategies, Asia-Pacific Services, 451 Research.