1、0DECEMBER 2022SANDBOXING INTO THE FUTUREDECODING TECHNOLOGYS BIGGEST BETS1Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities.BCG was the pioneer in business strategy when it was founded in 1963.Toda

2、y,we work closely with clients to embrace a transformational approach aimed at benefiting all stakeholders empowering organizations to grow,build sustainable competitive advantage,and drive positive societal impact.Our diverse,global teams bring deep industry and functional expertise and a range of

3、perspectives that question the status quo and spark change.BCG delivers solutions through leading-edge management consulting,technology and design,and corporate and digital ventures.We work in a uniquely collaborative model across the firm and throughout all levels of the client organization,fuelled

4、 by the goal of helping our clients thrive and enabling them to make the world a better place.NASSCOM is the industry association for the technology sector in India.A not-for-profit organization funded by the industry,its objective is to build a growth led and sustainable technology and business ser

5、vices sector in the country with over 3,000 members.NASSCOM Insights is the in-house research and analytics arm of NASSCOM generating insights and driving thought leadership for todays business leaders and entrepreneurs to strengthen Indias position as a hub for digital technologies and innovation2S

6、angeeta GuptaSenior Vice President and Chief Strategy Officer,NASSCOMRajiv GuptaManaging Director and Senior Partner,BCGFOREWORD2022 has been a year of great flux.With the global pandemic beginning to wind down,emerging geo-political dynamics,and macroeconomic changes emerging,the world has evolved

7、drastically,and will continue to do so over the next few years.Technology is at the helm of all these changes,most notably in the way communities and countries are engaging with each other.While some emerging technologies have been spoken about frequently over the past few years,others are nascent d

8、isruptors which are still being explored&developed.All in all,these technologies at various levels of maturity are poised to shape the world in the near future and the long term.As the technology landscape stands on the cusp of disruption,it is imperative to understand the changing sentiments from b

9、oth the buyers and suppliers perspectives.In this NASSCOM and BCG report Sandboxing into the Future,we highlight the next gen technologies which will alter the world in the near future and in which verticals and regions they are most likely to make their mark.Ultimately,technologies that are at the

10、cusp of buyer spend appetite and supplier capability readiness,are the ones that will invite disproportionate investments and adoption.By leveraging the information in this report,we hope firms are enabled to create their bespoke growth plans and propel themselves into the future.3Copyright 2022 by

11、Boston Consulting Group.All rights reserved.TECHNOLOGIES OF THE FUTUREGlobal market comprises of technologies at varying levels of maturity,reflecting differentiated momentum across three key vectors of enterprise IT spending,private investments&innovation/R&D 12 technologies emerge with high fundin

12、g momentum and R&D focus,and are expected to disrupt the market over the next 3-5 years However,verticals and regions that are expected to be disrupted by these 12 technologies differ-Key verticals such as Transportation,BFSI,Telecom,Industrial Goods,Healthcare see higher adoption of technologies wi

13、th applications across multiple verticals,e.g.,Autonomous Analytics,Sensor Tech,Smart RobotsVertical specific technologies emerge as need for customized use-cases grows,e.g.,Autonomous Driving in Transportation,AR&VR in MediaTransportation emerges as a key vertical,attracting highest funding,as mult

14、iple technologies converge to drive disruptionAmongst the regions,Europe lags North America&APAC,attracting$50 BEmerging-Small(Spend15%)For emerging technologies,assess:Innovation maturity(#Patents and%volume in recent years)Funding momentum($PE/VC funding and growth)Identify technologies at inflect

15、ion point,with high innovation maturity and funding momentum,with potential to disrupt market/ContextTech6Copyright 2022 by Boston Consulting Group.All rights reserved.Funding Momentum-Innovation Maturity-Innovate1Incubate Commercialized 43Two aspects considered for emerging techInnovation:R&D focus

16、(patent activity)Incubation:Private funding momentumTechnologies with high innovation and funding momentum considered disruptiveTech segmented basis spend&growth-Commercialized Tech families(Enterprise spend$50 B)Emerging Tech families Small(Spend 15%)01020304Emerging TechnologiesCommercializedTechn

17、ologies with high R&D focus but lacking commercial momentumNear the point of inflection with the potential to disrupt the marketAlready Established in the market12/Breaking the mould BREAKING THE MOULDTechnologies across the market assessed to identify key technologies of the future 1.Innovation Mat

18、urity-Calculated basis volume and recency of R&D activityMetrics-#of patents filed in lifetime2(60%),freshness of patents3(40%)Funding momentum-Calculated basis funding from PE/VCs and growth of fundingMetrics Private funding in last 5 years(50%weightage),CAGR of funding events(50%)1.Technologies be

19、low a minimum funding threshold(bottom 30 percentile)considered to be in Innovation stage;2.Indicates number of patents filed between 2010-September 2022;3.Freshness of patents defined as%of patents filed during 2018-2020Note:Funding data based on publicly disclosed deals and reflects private invest

20、ments for applications of a technologySource:Quid;BCG analysis7Copyright 2022 by Boston Consulting Group.All rights reserved.TECHNOLOGIES OF THE FUTURE|KEY INSIGHTS/Breaking the mould 12 Technologies with high innovation maturity and funding momentum identified,likely to disrupt market over next 3-5

21、 years:1.Autonomous Analytics2.AR&VR3.Autonomous Driving4.Computer Vision5.Deep Learning6.Distributed Ledger7.Edge Computing8.Sensor Tech9.Smart Robots10.Space Tech11.Sustainability Tech12.5G/6GIncubate:Technologies attracting high private investments as business use-cases starting emergingAmongst t

22、he 12 identified technologies,space tech is a niche area with strong funding momentumFew technologies attracting moderate funding but with lower innovation score,¬ considered disruptive,such as metaverse3D printing has high R&D focus but low commercial momentumInnovate:Technologies in nascent sta

23、ge,with high R&D focus but not attracting enough private investmentsE.g.,Cognitive Computing,Serverless Computing,Gesture recognitionSignificant R&D focus on Quantum computing and move to incubate stage over next few years8Copyright 2022 by Boston Consulting Group.All rights reserved.TECHNOLOGY THEM

24、ES SHORTLISTED/Breaking the mould 28 emerging technology themes from 11 technology families identified for deep dive to identify potential for disruptionDigitalMarketingCloud AdvisoryEngineeringServicesIoT applicationsAI-enabled CybersecurityManaged Services for Data CentresDigitalStrategyData Engin

25、eeringCore Ops/Verticalized BPOBlockchainDigital ManufacturingERPManaged Security ServicesF&A(BPO)CRM(enterprise solutions)Payroll(BPO)Customer Core(BPO)Traditional AppDevelopmentEnterprise SolutionsAI-enabled Data SolutionsImmersive MediaIoT SystemsConnectivityComputingAI/ML&RoboticsClimate-change

26、ServicesNext-gen PlatformSolutions28 Emerging technology themes from 11 tech families(Across Innovate&Incubate stages)11Digital Manufacturing 13D PrintingImmersive Media 2-4AR&VRMetaverseHapticsIoT Systems&Platforms 5-6Outdoor Location IntelligenceSensor TechnologyConnectivity 7-95G/6GWir

27、eless Low Power NetworksSpace TechNext-gen Computing 10-12Quantum ComputingEdge ComputingCognitive ComputingBlockchain 13-14Distributed Ledger TechWeb 3.0Climate-change Services 22Sustainability TechNext-gen Platform Solutions 23-24Industry CloudServerless ComputingAI-enabled Cybersecurity 25-26Zero

28、 Trust ModelIntrusion Detection and PreventionAI-enabled Data Solutions 27-28Autonomous AnalyticsBehavioral ModelingSpending CAGR(%)Enterprise Spending($B)Emerging Tech FamiliesCommercialized FamiliesPlateaued FamiliesAI/ML&Robotics 15-21Autonomous DrivingDeep LearningSmart RobotsComputer VisionConv

29、ersational AIVirtual Agents/ChatbotsGesture Recognition$50 BillionSource:Gartner;BCG analysisTechnology families segmented into 3 categories basis enterprise spending and growth of spendingAdditional details on Commercialized&Emerging Tech in Annexure9Copyright 2022 by Boston Consulting Group.All ri

30、ghts reserved.Next-gen Platform SolutionsBlockchainNext-gen ComputingImmersive MediaAI-enabled Data SolutionsIoT Systems&PlatformsAI-enabled CybersecurityAI/ML&RoboticsConnectivityClimate-change Services12 TECHNOLOGY THEMES(ACROSS SUSTAINABILITY TO ENGINEERING TO AI/ML)THAT ARE NEAR POINT OF INFLECT

31、ION WITH POTENTIAL TO DISRUPT THE MARKET/Breaking the mould Innovation Maturity(60%-#of patents,40%-freshness of patents2)Cloud Advisory,Platform and ServicesDigital Strategy&ServicesDigital MarketingIoT Applications/Industry 4.0Managed Security Services and ConsultingData Engineering&BI+Visualizati

32、onEngineering ServicesCore Ops/Verticalized BPOERP(Enterprise Solutions)Managed Services for Data CentersP1P2P2Key themes:Quantum ComputingServerless ComputingWeb 3.0HapticsCoversational AIWireless Low PowerNetworksOutdoor Location IntelligenceCognitive ComputingSpace TechMetaverseDeep LearningSusta

33、inability TechIntrusionDetectionBehavioral Modeling5G/6GDistributed Ledger TechEdge Computing3D PrintingSmart RobotsComputer VisionAR&VRSensor TechGesture RecognitionAutonomous AnalyticsAutonomous DrivingInnovate1IncubateCommercializedFunding Momentum(50%-funding in last 5 yrs,50%-CAGR)Zero Trust Mo

34、delIndustry CloudVirtualAgents12 technologies with high innovation maturity&funding momentum.Expected to disrupt market in 3-5 yrs.Other tech high on either innovation or funding.Could become big with right mix of funding&R&D focus1.Technologies in bottom 30 percentile of funding considered to be in

35、 innovation stage;2.Freshness-%of patents filed during 2018-2020Note:Funding data based on publicly disclosed deals and reflects private investments for applications of a technologySource:BCG analysisDigital Manufacturing10Copyright 2022 by Boston Consulting Group.All rights reserved.ADJACENCY ANALY

36、SES FOR PRIORITIZED TECHNOLOGIESNote-Node:A single company;Link:Semantic similarities between company descriptions;Size of node:Degree of relevance(representativeness)/Breaking the mould Note:Companies related to 12 prioritized technologies were considered for the analysis.Companies were allowed to

37、cluster based on(Business Descriptions)i.e.,similar products,technology,customers,service offerings etc.Source:Quid;BCG Center for Growth&Innovation AnalyticsSmart RobotsDeepLearningSustainability TechSpace TechAutonomous Driving5G/6GSensor TechEdge ComputingAutonomousAnalyticsDistributedLedgerCompu

38、terVisionAR&VR01Space Tech and Distributed Ledger exhibit limited adjacency with other technologies,highlighting niche use-cases02Semantic clustering of the technologies(basis private funding of companies)reveals few technologies emerging as key enablersSensor Tech,Computer Vision,AR&VR emerge as ke

39、y enabling technologies for multitude applications with other technologies.Others include Autonomous Analytics,Deep Learning,Smart Robots112211Copyright 2022 by Boston Consulting Group.All rights reserved.6 technologies most connected across the networkAR&VRSmart RobotsComputer VisionAutonomous Anal

40、yticsRest of the technologies with moderate to low adjacency Sustainability TechAutonomous DrivingDistributed Ledger TechDeep LearningEdge Computing5G/6GSpace TechSensor Tech/Breaking the mould Note:Companies related to 12 prioritized technologies were considered for the analysis.Companies were allo

41、wed to cluster based on(Business Descriptions)i.e.,similar products,technology,customers,service offerings etc.Source:Quid;BCG Center for Growth&Innovation AnalyticsKEY ENABLING TECHNOLOGIESSensor Tech,Computer Vision,Smart Robots,Autonomous Analytics,AR&VR and Deep Learning most adjacent with other

42、 tech and could emerge as horizontal enablers for driving adoption of rest of the technologies12Copyright 2022 by Boston Consulting Group.All rights reserved.Recent R&D upsurge seen across technologies like Distributed Ledger Tech,Serverless Computing etc.Deep Learning,Autonomous Driving,3D Printing

43、,AR&VR etc.continue to drive innovation despite high patent volumesWeb 3.0,Wireless Low Power Networks,Outdoor Location Intelligence still nascent from R&D perspective with lower volume of patents and freshness0102Sustainability Tech and Gesture Recognition leading in number of patents;however,the R

44、&D effort is slowing down as demonstrated by lower freshness03041.Patent freshness-%of patents in last 3 years;2.Innovation Maturity 40%Freshness,60%#of patents;Low-3 Source:BCG analysisINNOVATION MATURITY Deep Learning,Autonomous Driving,3D Printing&AR&VR leading the R&D effort02010304HapticsConver

45、sational AICognitive ComputingDistributed Ledger TechSpace Tech3D PrintingSustainabilityTechAutonomousDrivingGestureRecognitionWireless Low Power NetworksBehavioralModelingEdge ComputingQuantum Computing5G/6GIntrusion DetectionServerless ComputingOutdoor Location IntelligenceVirtual AgentsWeb 3.0Com

46、puter VisionDeep LearningSensorTechAutonomous AnalyticsAR&VRMetaverseSmartRobotsIndustry Cloud PlatformsZero Trust ModelPatent Freshness1#of patents 05Technologies like Conversational AI,Quantum Computing,Metaverse etc.with moderate patent volume and freshness05/Breaking the mould 1,0005,00010,00025

47、,00050,00060,000100,00080%20%60%40%100%40,000Innovation Maturity2Climate-change ServicesAI/ML&RoboticsNext-gen Platform SolutionsAI-enabled CybersecurityAI-enabled Data SolutionsImmersive MediaDigital ManufacturingIoT Systems&PlatformsConnectivityNext-gen ComputingBlockchainLowMediumHigh13Copyright

48、2022 by Boston Consulting Group.All rights reserved.Autonomous Driving,Space Tech,Sustainability Tech,Smart Robots etc.continue to stride ahead with strong volume and growth01Web 3.0,Quantum Computing are growing fast but havent met the minimum funding cutoff to be considered incubated;Can potential

49、ly become incubated owing to fast growth02AR&VR and Sensor Tech attracted significant amount of funding,but growth has started to slow down as technologies mature03Wireless Low Power Networks,Gesture Recognition,Outdoor Location Intelligence,Haptics,and Cognitive Computing emerge as low priorities d

50、ue to limited funding and growth04FUNDING MOMENTUM Autonomous Driving,Sustainability,Smart Robots&Space Tech lead funding momentumFunding growth1Amount of funding($M)HapticsConversational AISmart RobotsDeep LearningWireless Low Power NetworksAutonomous AnalyticsDistributed Ledger TechBehavioral Mode

51、lingSpace Tech3D PrintingSustainability TechMetaverseIntrusion DetectionAutonomous DrivingAR&VR5G/6GComputer VisionSensor TechnologyEdge ComputingGesture RecognitionIndustry Cloud PlatformsVirtual AgentsOutdoor LocationIntelligenceZero Trust ModelCognitiveComputingWeb 3.0Serverless ComputingQuantum

52、Computing02010304Pre-incubationtech2Incubated Technologies05Virtual Agents,Industry Cloud Platforms,Conversational AI etc.with either moderate funding or growth05/Breaking the mould 50%10%30%20%80%4,00010,00015,00025,00060,00040,0001.CAGR from 2016-21;2.Technologies below a min threshold of funding(

53、bottom 30 percentile)considered to be in innovation stage;3.Funding score 50%funding,50%CAGR;High-3,Medium 2-3,Low-95%distance&object recognition accuracy using 3D LIDARDesigned training simulation of various shop floor scenarios leveraged by Oil&Gas clientsPartnered with global media communication

54、provider to develop 32 AR&VR use-cases in SpainDeveloped a model that recommends terms of supply chain credit for a mining company/Breaking the mould Not-ExhaustiveTechnology PlayersDetailed profile of key technologies in Annexure15Copyright 2022 by Boston Consulting Group.All rights reserved.Techno

55、logyKey Use CasesIndustry PlayersEdge ComputingContactless kiosks,In-store personalization(leveraging low network latency)Industrial IoT&TelecomSensor TechIoT enabled devices to improve industrial operations,Health Monitoring via WearablesIndustrial&Vehicle manufacturerSmart RobotsManufacturing&Ware

56、house job automation,Healthcare Diagnosis through surgical robotsConsumer Retail&Semiconductor mfg.Space TechSatellite Communication,Earth Science(study earthquakes,floods etc.)Spacecraft mfg.&satellite remote sensingSustainability TechEnergy Solutions,Carbon Capture and ManagementOil Exploration&Co

57、nsumer Products5G/6GExtreme Mobile Broadband,Logistics and Tracking Solutions,Enable IoT solutionsTelecomTECHNOLOGY USE-CASES BEING ADOPTED BY INDUSTRY AND TECHNOLOGY PLAYERS(II/II)/Breaking the mould Not-ExhaustiveDetailed profile of key technologies in AnnexureTechnology PlayersBuilt solution for

58、CSPs to leverage telco edge infrastructure to optimize network layer performanceDesigned platform that allows IoT data collection,deploys AI to help draw most relevant insightsDeveloped robots that travel along the cable conductors-cleaning&coating themLaunched Ecoact-a subsidiary focused on helping

59、 clients manage their carbon footprintPartnered with both telecom operators&enterprises to setup 5G private networksLaunched Pixxel-building highest resolution hyperspectral imaging satellite constellationEstablished global network of 5G labs which are CoEs dedicated for new technology solutionsDeve

60、loped cloud-based platform for providing harmonized data&sustainability services for clients Partnered with SpaceX to provide satellite-powered Azure connectivity solutionsBuilt software that makes training industrial robots intuitive to workers with improved reprograming abilityBuilt solution for R

61、eal-time Insights,leveraging IoT platforms for manufacturing clientsDesigned suite of data processing and analysis services for Edge Computing16Copyright 2022 by Boston Consulting Group.All rights reserved.However,regional variances exist for these vertical bets:Europe lagging NAMR and APAC,attracti

62、ng 30001-1200Niche bets(e.g.,Transportation)Vertical specific betsFast-growing cross-sectional betsPotential future big betsEUROPE10-2575025-150APAC25-50-1500/Leading from the front Sensor TechSmart RobotsAutonomous AnalyticsSustainability TechComputer VisionEdge Computing

63、Key regions:APACKey verticals:Transportation,HC,Tech,IG,RetailUse-cases in transportation for enhancing accuracy,efficiency and firm-wide productivity through Smart RobotsKey regions:NAMRKey verticals:HC,BFSI,Tech,IG,Transportation,TelecomFirms increasingly investing in analytics to make superior da

64、ta-backed decisions and limit unexpected outcomesKey regions:NAMR,APAC,EuropeKey verticals:Transportation,E&U,IGFirms focusing on reducing carbon footprint,in line with their ESG commitmentsKey region:APACKey verticals:HC,Tech,TransportationEnabling tech for multiple use-cases across HC(Medical imag

65、ing)and Transportation(Autonomous Vehicles)Key region:NAMRKey verticals:HC,TechUsed in HC to improve quality of services through timely alerts and actionable patient information1.E&U:Energy&Utilities,PS:Public Sector,IG:Industrial Goods,HC:Healthcare,TN:Transportation.Note:Funding data based on publ

66、icly disclosed deals and reflects private investments for applications of a technologySource:Quid;Expert interviews;BCG analysis21Copyright 2022 by Boston Consulting Group.All rights reserved.VERTICAL AND REGIONAL DEEP DIVES FOR KEY TECHNOLOGIES(II/II)TechnologyRegionE&U1RetailPS1EducationIG1MediaBF

67、SITechTelecomHC1TN1North America52276983211,14711,074655711831,4011,425Europe8442661801111,034210293281,484683APAC,3582241834236380North America231,390842475336873,6533631841,26377Europe-273227125APAC-29-17-North America,644392460Europe14-816-39

68、9-111456APAC31283372081,06866428North America28602353574138151,3902,46114543627,656Europe-41727721,84582,454APAC57299085719156899,486North America63-84666694741312,811Europe6551244049374APAC-7646491,897North America338945839810398369

69、9850571,7441,506Europe754884729362APAC54245344463301,2442,0271,4481,6544,164Universal betsABCDNorth America-1200Niche bets(e.g.,Transportation)Vertical specific betsFast-growing cross-sectional betsPotential future big betsEUROPE10-2575025-150APAC25-50150050-5005

70、00-1500CD/Leading from the front AR&VRDistributed Ledger Tech5G/6GAutonomous DrivingSpace TechDeep LearningKEY INSIGHTSKey regions:NAMRKey verticals:Media,HCExtensive use-cases in Media driven by Gaming and EntertainmentKey region:NAMRKey verticals:BFSIEase of P2P payments and cross border transacti

71、ons propelling investmentsKey region:NAMRKey verticals:TelecomTelcos rolling out 5G networks to drive better connectivity&serve as backbone for implementation of other technologiesKey regions:NAMR,APAC,EuropeKey verticals:TransportationReceiving large funding across regions with applications ranging

72、 from Robo-Taxi services to Logistics&WarehousingKey region:NAMRKey verticals:TransportationFunding limited to transportation with applications in Connectivity solutions and TourismKey regions:APACKey verticals:Transportation,Tech,HCEnabling tech for solutions in Transportation(Autonomous Vehicles)&

73、Healthcare(Drug Discovery,Diagnosis)Private Investment Amounts(Sep 2017-Sep 2022)-$Million1.E&U:Energy&Utilities,PS:Public Sector,IG:Industrial Goods,HC:Healthcare,TN:Transportation.Note:Funding data based on publicly disclosed deals and reflects private investments for applications of a technologyS

74、ource:Quid;Expert interviews;BCG analysis22Copyright 2022 by Boston Consulting Group.All rights reserved.120+IT buyers surveyed30+CEOsConnectsCoverage 11 across verticals and 3 key regions(APAC,NAMR,Europe)Key Big betsLeadership Focus IT Buyers Priority Aligned Big BetsLeader PriorityBlind SpotsNeed

75、sMomentumVOICES OF TECHBuyer priorities and leadership focus analyzed to understand the Inside-out perspectives3.Not Exhaustive/Voices of tech 23Copyright 2022 by Boston Consulting Group.All rights reserved.Autonomous Analytics,Edge Computing,5G/6G,Deep Learningemerge as top priority for buyers-NAMR

76、&Europe betting big on analytics while 5G/6G is top of the agenda in APAC Sustainability and Distributed Ledger not a key focus area despite the hype Autonomous Driving and Space Tech niche areas,attracting low buyer interestBuyers expecting the share of emerging tech to grow by 3X(from 10%today to

77、30%in next 4-6 years)Driven by higher efficiency of emerging tech,enhanced customer experience,&accelerated product development cycleIT BUYER SURVEY-SUMMARY120+Buyers surveyed,and their priorities analyzed across key technologies Talent/capability and partnerships identified by buyers as key success

78、 factors for unlocking higher adoption of emerging techBuyers expect changing dynamics in their supplier relationships in three key areas-81%buyers expect suppliers to increase prices due to inflationary pressure Rising appetite for value-led pricing models,with 75%buyers stating higher satisfaction

79、 from delivery of such deals Buyers expecting to consolidate suppliers across technology/Voices of tech 24Copyright 2022 by Boston Consulting Group.All rights reserved.%share of external IT budget across Commercialized and Emerging Technologies#2Higher Productivity,Efficient Operations and Automatio

80、n 34%#1#3Delivering Enhanced Customer Experience 31%Faster Innovation and Accelerated Product Development 30%90%70%10%30%CommercializedTechnologyTodayMedium to Long Term(3-6 years)EmergingTechnologyKey drivers of rising shift in spend towards Emerging Tech(%respondents)BUYERS EXPECTING SHARE OF EMER

81、GING TECHNOLOGY IN IT BUDGETS TO GROW 3X OVER MEDIUM TO LONG TERMIT Buyers expecting investments in Emerging tech to be 30%of their IT spending over medium to long termSource:Survey of 125 respondents,covering buyers of technology across verticals and regions;BCG analysis/Voices of tech 25Copyright

82、2022 by Boston Consulting Group.All rights reserved.Moderate Priority 25%&40%Low Priority$10 B,Small Buyers 75%Stated higher satisfaction with the delivery of value-led dealsRecognized service providers as strategic partners in deals hinged on valueNet expansion(-consolidation)2021 vs 2022BUYER SUPP

83、LIER CHANGING DYNAMICSBuyers expecting a shift in their supplier relationships,driven by 3 key factors/Voices of tech 29Copyright 2022 by Boston Consulting Group.All rights reserved.LEADERSHIP PRIORITIES|SYNTHESIS OF INSIGHTS BASIS CONNECTS WITH 30+CEOs123Firms are bullish on select technologies suc

84、h as Metaverse,NFTs,Web 3.0 but not actively investing despite the hype as use-cases believed to be too narrow or nascent4Mid-cap firms looking to capture upcoming technologies(e.g.,Distributed Ledger,Computer Vision)5Digital/Niche firms targeting specific areas within tech themes to increase chance

85、s of winning(E.g.,Analytics firm betting on Deep Learning,AI on Edge,Computational Neuroscience)Technology themes emerge that are on top of the mind of leaders across different archetypes of firms.E.g.,Sustainability Tech,Autonomous AnalyticsLarge firms diversifying big bets-Focusing on tech with de

86、fined use-cases(E.g.,5G/6G,AR&VR)Investing in nascent tech to build use-cases and target market leadership(e.g.,Computer Vision,Deep Learning,Quantum Computing)/Voices of tech 30Copyright 2022 by Boston Consulting Group.All rights reserved.LEADERSHIP PRIORITIES INDUSTRY PLAYERS SPEAK(I/III)People wi

87、ll keep on investing in AR&VR,Autonomous Analytics,Predictive Technologies and Blockchain-Leading BPO playerThe name of the game is not to have XX people in Autonomous Analytics but to offer business outcomes-Mid-size IT services playerThere is a huge push towards real-time data.Data platforms are b

88、ecoming more powerful and driving customer experience-Leading BPO playerMedium priority for firmsHigh priority for firmsLow priority for firmsSignificant traction around Autonomous Analytics,AR&VR,and 5G/6G to create business solutionsAR&VR cuts through many verticals and is useful in gamification/m

89、edical services/energy etc.-Mid-size IT services player5G will eventually drive a certain behavior,use-cases may take time to develop but ultimately it is a connected world-Leading top 5 services playerSource:Basis connects with 30+leadership of leading tech players;Press search;BCG analysisTechnolo

90、giesCEO FOCUS*AR&VR5G/6GSustainability TechSensor TechAutonomous DrivingSmart RobotsDeep LearningSpace TechAutonomous AnalyticsEdge ComputingDistributed Ledger TechComputer VisionHuge opportunities exist in Sustainability Tech.Companies with large pockets should be investing significantly here-Mid-s

91、ize IT services player/Voices of tech 31Copyright 2022 by Boston Consulting Group.All rights reserved.TechnologiesCEO FOCUS*AR&VR5G/6GSustainability TechSensor TechAutonomous DrivingSmart RobotsDeep LearningSpace TechYou need technologies like Computer Vision to build solutions around Autonomous Dri

92、ving-Leading AI/services playerConversation happening around what does Distributed Ledger Tech look like and what does it mean for banks-Mid-size IT services playerIndian IT industry needs to take a forward call on Sensor Techmostof us talk about but havent done enough-Leading Top 5 services playerM

93、edium priority for firmsHigh priority for firmsLow priority for firmsMixed opinions around Autonomous Driving and Distributed Ledge TechEveryone seems to be talking about edge,but we are currently not sure on how to react to it-Mid-size IT services playerIf you look at Transportation,we have 3 years

94、 of new product period left(product lifecycle)and everything is on the EV/AV bandwagon-Leading IT services playerThere is no better place than automotive right now,where everything is coming togetherHigh investment area for all manufacturers-Mid-size IT services playerAutonomous AnalyticsLEADERSHIP

95、PRIORITIES INDUSTRY PLAYERS SPEAK(II/III)Edge ComputingDistributed Ledger TechComputer Vision/Voices of tech Source:Basis connects with 30+leadership of leading tech players;Press search;BCG analysis32Copyright 2022 by Boston Consulting Group.All rights reserved.Robotics is still at the stage of exp

96、erimentation where use-cases are being developed-Leading services playerMedium priority for firmsHigh priority for firmsLow priority for firmsVery limited momentum in the market for Space Tech,Smart Robots and Deep LearningThere are no customers for us,asking for Space Tech.It must be a very niche a

97、rea-Leading Top 5 services playerAutomation cannot solve the real problemclients needs are achieved by correctly defining processes and operations,not automation-Leading BPO playerOther technologies in focus of select firms:Quantum,Metaverse,Web 3.0 etc.We are pivoting a part of the company to metav

98、erse,blockchain and Web 3.0-Top 5 services playerQuantum is far enough that India can take a stand on itget industry,academia,research and labs to work together-Leader services playerMetaverse is one area which will have different meanings for different people with applications across verticals-Top

99、5 services playerLEADERSHIP PRIORITIES INDUSTRY PLAYERS SPEAK(III/III)TechnologiesCEO FOCUS*AR&VR5G/6GSustainability TechSensor TechAutonomous DrivingSmart RobotsDeep LearningSpace TechAutonomous AnalyticsEdge ComputingDistributed Ledger TechComputer Vision/Voices of tech Source:Basis connects with

100、30+leadership of leading tech players;Press search;BCG analysis33Copyright 2022 by Boston Consulting Group.All rights reserved.Large Cap IT FirmsMid Cap IT FirmsDigital IT FirmsBPO CompaniesTECHNOLOGYC1C2C3C4C5C6C7C8C9C10C11C12C13C14C15C16C17C18C19C20C21C22C23C24C25Smart RobotsComputer VisionAR&VR5G

101、/6GEdge ComputingDeep LearningDistributed Ledger TechAutonomous AnalyticsAutonomous DrivingSustainability TechSensor TechnologySpace TechLEADERSHIP PRIORITIES-OUTSIDE-IN ASSESSMENTFirms have already started building teams across prioritized technologies 1234Large IT Services firms:Investing in broad

102、 bets,e.g.,Autonomous Analytics,Smart Robots,Sensor Tech,AR/VR and niche tech like Deep Learning,Edge010203Digital firms:Leading the charge and investing in niche areas such as Smart Robots,Deep Learning,Computer Vision,Distributed LedgerMid Cap IT services:Relatively lagging larger players and sele

103、ctive in bets,with focus areas like Computer Vision,Distributed Ledger,AR/VR04BPO companies:Laggards in developing next-gen tech capabilities with focus only on specific technologies like Autonomous Analytics,Sustainability TechEmerging technology focus across different tech companiesHighfirm focusL

104、owfirm focusNote:Heatmap generated basis firm capabilities across different technologies calculated using Headcount,Public reports,Expert calls,Leadership forums etc.Green indicates high firm focus on tech,red indicates low focus Source:LinkedIn;Press search;Expert interviews;Public reports;BCG anal

105、ysis/Voices of tech 34Copyright 2022 by Boston Consulting Group.All rights reserved.GLIMPSING INTO A NEW ERA5G/6G,Autonomous Analytics&AR&VR at verge of going mainstream;Edge Computing,Deep Learning,Sensor Tech,Smart Robots with untapped opportunity12 Big bet technologies mapped basis buyer prioriti

106、es and leadership focusAligned Big BetsLeaderPriorities5G/6G,Autonomous Analytics,AR&VR already witnessing strong interest from both Tech leaders and IT BuyersFirms must continue to partner/set up COEs to realize this opportunityEdge Computing,Deep Learning,Sensor Tech and Smart Robots priority area

107、s for Buyers but low CEO attentionFirms can develop use-cases,scale up operations and R&D investment to foray into these technologiesSustainability Tech,Distributed Ledger Tech and Computer Vision continue to be on top-of the mind of Tech LeadersFirms can start by focusing on verticals/regions with

108、growing demand;other verticals/buyers may take time to matureDistributed Ledger TechSustainability TechComputer VisionAR&VR5G/6GAutonomous AnalyticsAutonomous DrivingSpace TechEdge ComputingSmart RobotsDeep LearningSensor Tech-/Glimpsing into a new era Tech Leaders Focus IT buyers priorityLowHighHig

109、h4.Note:Axis-X axis:Top priorities of buyers calculated basis ranks,Y axis:Focus of tech firms on particular technologies calculated basis LinkedIn(50%),Press search(50%)with adjustments basis CEO callsSource:BCG analysisLeader PrioritiesBlind SpotsNeeds Momentum35Copyright 2022 by Boston Consulting

110、 Group.All rights reserved.ARTICULATING THE GAMEPLAN:KEY AREAS TO ADDRESS/Glimpsing into a new era 1Identifying moonshotsBuilding Fit for Growth organization2Creating value for stakeholder3Set the growth aspirationDefine technology portfolio mixIdentify vertical and regional growth vectorsDefine win

111、ning value propositionBuild critical capabilitiesAccelerate M&A and partnershipsBuild future ready organizationFund the journeyBring investors alongA shared,motivating growth goal in line with wider organizational aspirationsIdentify technology big bets with aspiration to be amongst top 2/3 players

112、Define prioritized set of verticals,regions and companies to targetDefine target value proposition for the identified growth vectorsNew service offerings and capabilities to support the future directionPrioritized acquisitions and partnerships to speed access and close capability gapsOrganizational

113、model and sales organization geared towards services of the futureInitiatives to support margins and fuel bigger growth investmentA growth story grounded in drivers of value creation and corporate purposeDelivery top-quartile shareholder returnsAlign business,financial and investor strategies to del

114、iver stronger&sustainable returnsActions should be based on the specific business contextSource:BCG analysis36ANNEXURE37BIG BETS:TECHNOLOGY PROFILE38Copyright 2022 by Boston Consulting Group.All rights reserved.5G/6G(Total Funding:$8.5 B)Autonomous Analytics(Total Funding:$52.5 B)AR&VR(Total Funding

115、:$24.6 B)Edge Computing(Total Funding:$18.5 B)TechnologiesRegion Split($B)Top 5 Verticals($B)Key investors1234Qualcomm Ventures Celona($60 M,NA,Telecom)Affirmed Networks($38 M,NA,Telecom)Baicells Technologies($15 M,NA,Telecom)Tiger Global Socure($450 M,NA,Tech)DataRobot($300 M,NA,Tech)Sequoia Tairuo

116、($100 M,China,Media)GravityXR($30 M,China,Industrial)Lightspeed Ventures Cato Networks($200 M,Israel,Tech)IDG Capital Partners Kaiyuan Communication($31 M,China,Telecom)Galaxy Space($14 M,China,Telecom)Insight Venture Management Augury($180 M,NA,Industrial Goods)LeanTaas($130 M,NA,Healthcare)Pecan A

117、I($66 M,Israel,Media)Ontario Teachers Pension Plan Epic Games($1.8 B,NA,Media)KRY International($156 M,Sweden,Healthcare)Accel Partners Couchbase($105 M,NA,Tech)Akridata($15 M,NA,Tech)TN1Telecom$0.9 BBFSIHC1Education$4.8 B$0.5 B$0.5 B$0.4 B$8.3 BBFSI$5.7 BIG1TechHC1Education$6.9 B$6.0 B$5.2 BMedia$3

118、.1 BTN1HC1RetailIG1$13.5 B$2.5 B$1.4 B$1.2 BBFSIMedia$1.6 BTechHC1PS1$4.4 B$4.5 B$1.5 B$1.4 BEuropeAPACNorth America$2.2 B$2.0 B$48.3 B$5.4 B$2.8 B$0.3 B$16.7 B$4.3 B$3.6 B$14.1 B$1.1 B$3.3 BTECHNOLOGY DEEP-DIVES(I/III)|5G/6G,Autonomous Analytics,AR&VR,Edge Computing1.TN:Transportation,HC:Healthcare

119、,IG:Industrial Goods,PS:Public Sector,E&U:Energy&UtilitiesNote:Funding data from Sep 2017 Sep 2022 based on publicly disclosed deals and reflects private investments for applications of a technology.The list of investors mentioned is not exhaustive and the funding amount mentioned in parenthesis is

120、the total funding raised in the round including funding from other participating investors.Source:Quid;BCG analysis39Copyright 2022 by Boston Consulting Group.All rights reserved.Deep Learning(Total Funding:$19.5 B)Sensor Tech(Total Funding:$81.8 B)Smart Robots(Total Funding:$55.2 B)Sustainability T

121、ech(Total Funding:$38.5 B)TechnologiesRegion Split($B)Top 5 Verticals($B)Key investors5678Yunfeng Capital Horizon Robotics($1.5 B,China,Transportation)Momenta($500 M,China,Transportation)China Development Bank Tsinghua Unigroup($22.5 B,China,Telecom)Sequoia Edge Medical($200 M,China,Healthcare)Mech-

122、Mind($155 M,China,Industrial Goods)Pudu Technology($78 M,China,Healthcare)Breakthrough Energy Redwood Materials($777 M,NA,Industrial)Solidia($78 M,NA,Industrial Goods)Coatue Management Bitmain Technologies($400 M,China,Tech)Cerebras Systems($250 M,NA,Tech)Insight Venture Management Armis($125 M,NA,T

123、ech)Keyfactor($125 M,NA,Tech)Ably-Real Time($70 M,UK,Tech)Tiger Global Olive AI($450 M,NA,Healthcare)Built Robotics($64 M,NA,Energy&Utilities)Kleiner Perkins Caufield Watershed Technology($70 M,NA,Tech)Aquarion($18 M,Switzerland,Energy&Utilities)BFSITN1$5.7 BTelecomHC1Tech$3.7 B$3.0 B$2.1 B$1.5 BTel

124、ecom$5.2 BTechIG1TN1HC1$30.9 B$10.1 B$7.6 B$5.9 B$11.8 BTN1HC1Tech$13.9 BIG1Retail$5.6 B$5.4 B$4.9 B$6.3 BTN1E&U1HC1IG1$6.5 BBFSI$9.8 B$3.7 B$3.6 BNorth AmericaEuropeAPAC$39.2 B$38.7 B$3.9 B$6.9 B$11.6 B$1.0 B$20.1 B$4.6 B$30.5 B$22.6 B$6.1 B$9.8 BTECHNOLOGY DEEP-DIVES(II/III)|Deep Learning,Sensor T

125、ech,Smart Robots,Sustainability Tech1.TN:Transportation,HC:Healthcare,IG:Industrial Goods,PS:Public Sector,E&U:Energy&UtilitiesNote:Funding data from Sep 2017 Sep 2022 based on publicly disclosed deals and reflects private investments for applications of a technology.The list of investors mentioned

126、is not exhaustive and the funding amount mentioned in parenthesis is the total funding raised in the round including funding from other participating investors.Source:Quid;BCG analysis40Copyright 2022 by Boston Consulting Group.All rights reserved.TECHNOLOGY DEEP-DIVES(III/III)|Distributed Ledger,Co

127、mputer Vision,Autonomous Driving,Space TechDistributed Ledger Tech(Total Funding:$10.1 B)Computer Vision(Total Funding:$33.0 B)Autonomous Driving(Total Funding:$54.8 B)Space Tech(Total Funding:$19.4 B)TechnologiesRegion Split($B)Top 5 Verticals($B)Key investors9101112Blackstone Xpansiv($400 M,NA,BFS

128、I)Warburg Pincus Advance Intelligence($400 M,Singapore,BFSI)Scandit($150 M,Switzerland,Tech)Andreessen Horowitz Waymo($3 B,NA,Transportation)Applied Intuition($175 M,NA,Transportation)Lockheed Martin Land Space Technology($176 M,China,Transportation)MinoSpace Technology($46 M,China,Telecom)Temasek C

129、onsenSys($450 M,NA,BFSI)R3($112 M,NA,BFSI)New Enterprise Associates Tempus Labs($200 M,NA,Healthcare)Stockwell AI($35 M,NA,Retail)Sequoia Pony.ai($214 M,NA,Transportation)Jiluo Technology($188 M,China,Transportation)Lockheed Martin Terran Orbital($125 M,NA,Transportation)ABL Space System($49 M,NA,Tr

130、ansportation)$0.9 B$1.4 B$0.9 BBFSI$4.2 BMediaRetailHC1PS1$1.4 B$4.5 BTech$6.3 BHC1TN1Education$6.1 BBFSI$3.0 B$3.1 BTN1IG1BFSITechRetail$39.6 B$3.5 B$2.6 B$2.6 B$1.7 BPS1TN1IG1TelecomTech1$15.1 B$1.0 B$0.9 B$0.8 B$0.5 BNorth AmericaAPACEurope$14.6 B$16.5 B$1.9 B$9.0 B$0.3 B$0.8 B$34.4 B$5.6 B$14.8

131、B$15.7 B$1.0 B$9.8 B1.TN:Transportation,HC:Healthcare,IG:Industrial Goods,PS:Public Sector,E&U:Energy&UtilitiesNote:Funding data from Sep 2017 Sep 2022 based on publicly disclosed deals and reflects private investments for applications of a technology.The list of investors mentioned is not exhaustiv

132、e and the funding amount mentioned in parenthesis is the total funding raised in the round including funding from other participating investors.Source:Quid;BCG analysis41Copyright 2022 by Boston Consulting Group.All rights reserved.1.5G/6G USE CASESTelecoms driving adoption of 5G through development

133、 of next gen use casesFixed Wireless Access Extreme Mobile BroadbandeMBB will allow for on-the-go conferencing and remote collaboration5G is designed to support 100 x increase in traffic capacity with avg.max speeds of 20 gbpsLeveraging 5G to connect remote locations&customers with quality internetC

134、onnectivityLogistics and TrackingImproved IoT tracking of supply chains will optimize routes and reduce time/inventory requirementsIndustry ExamplesTech player case studiesPlans to work with both telecom operators and enterprises directly to help set 5G private networksRevenue from 5G grew 5x in 202

135、2($600mn from$126mn in 2021)Enables enterprises to sensibly leverage 5G private networks&helps them achieve faster deployment of cutting-edge applications$65 Bn+investment till 2024 to cover more than 200 Mn people in the US$20 Bn investment in infrastructure for pan-India 5G network rollout by 2024

136、Established global network of 5G labs which are CoE dedicated to new technology solutions developed for intelligent industry&smart citiesFunding:$8.5 BSource:Quid;BCG analysis42Copyright 2022 by Boston Consulting Group.All rights reserved.2.AUTONOMOUS ANALYTICS-USE CASESAdvancements in computing&ML

137、algorithms have made Autonomous Analytics/Predictive Analytics feasible for BusinessesLender Reliability/Fraud Detection Predicting Buyer BehaviorAnalytics to identify buyer behavior via purchase history.Also used for recommendation enginesData generated globally to reach 180 ZB by 2025,3x jump from

138、 20Systems to study borrowing history and borrower data to calculate probability of default AI-enabled DataPredictive Maintenance Analyzing sensor and machine data to identify when maintenance is required Industry ExamplesTech player case studiesSolution for predicting equipment issues and maintenan

139、ce needs for OEM playersDeveloped a model that recommends terms of supply chain credit for a mining companyForecasts credit risk up to a year in advanceLeverages Autonomous Analytics to provide best-in-class customized recommendations based on viewing habitsUses Autonomous Analytics for targeted mar

140、keting to increase customer satisfactionFunding:$52.5 BCollects petabytes of data from Aircraft engines&uses Autonomous Analytics for identifying maintenance requirementsSource:Quid;BCG analysis43Copyright 2022 by Boston Consulting Group.All rights reserved.3.AR&VR USE CASESGaming,Media currently dr

141、ive adoption with applications also existing across other verticals like HR/Education etc.Gaming&EntertainmentCollaborative Functional PlatformsLeveraging AR to recreate specific work environments i.e.,digital surgery platform,R&D platform etc.Estimated to boost global GDP by$1.5 T in 2030,from$46 B

142、 in 19Introducing VR elements via headsets to video games,apps,social media etc.Redesigning games and media to incorporate ARImmersive MediaIndustry ExamplesTech player case studiesPartnered with global mobile communication provider to develop 32 AR&VR use-cases in Spain Enabled a utilities client t

143、o monitor and maintain underground assets using AR&VRDeveloped a SW program to give surgeons X-ray vision by fusing digitally enhanced images into their microscopeLaunched an AR based game Pokemon Go in partnership with Niantic and Pokemon FranchiseDesigned training simulation of various shop floor

144、scenarios leveraged by Oil&Gas clients for training field personnel Funding:$24.6 BIntroduced products in the market like Google lens(AR)and Google cardboard(VR)Source:Quid;BCG analysis44Copyright 2022 by Boston Consulting Group.All rights reserved.4.EDGE COMPUTING USE CASESAdoption driven by Teleco

145、m;Various use-cases possible when used alongside 5G,AR&VR,Metaverse etc.In-hospital Patient MonitoringTelecomProvides low latency times by decentralizing data collection and processingMarket expected to 3x by 2030Processes patient data and notifies practitioners of unusual patient trends or behavior

146、sEdgeRetail storesDeployed for contactless kiosks,data collection and personalization in stores etc.Industry ExamplesTech player case studiesEnables CSPs to leverage telco edge infrastructure to optimize their network layerOffers distributed cloud services to enterprise players and 3rd party applica

147、tion providersOffers a suite of data processing and analysis services for Edge ComputingExtends offerings like AWS Outposts(Infrastructure),AWS Sage maker(ML)to the edgeTrack and manage devices at the edge of the network to improve network loadPartnered with Google to bring compute and storage servi

148、ces to the network edge to support near real time enterprise applications Funding:$18.5 BSource:Quid;BCG analysis45Copyright 2022 by Boston Consulting Group.All rights reserved.5.DEEP LEARNING-USE CASESEnabling technology across various AI/ML solutions Focused personalizationManufacturing SolutionsL

149、everaging Deep Learning,IoT and Analytics to build agile self learning systemsExpected to cross$400Bn market by 2030DL Models to understand consumer preferences and tailor product/services.Also used by recommendation systems&algorithmsGlobal DL MarketComputer Vision/NLPEnabling technology for other

150、ML based solutions and offeringsIndustry ExamplesTech player case studiesOffered a Deep Learning solution to a Swiss-Swedish electrical equipment company Deep Learning used to identify the electrical symbols,and map symbols to the corresponding electrical equipment resulting in minimized cost,time a

151、nd personnel requirementFace recognition technology built on big data&proprietary Deep Learning frameworkLeverages Deep Learning to train and deploy AI based digital assistant CortanaPartnered with AWS to design customer experience solutions for retailers across fashion/cosmetics,F&B etc.Leveraged D

152、L to gamify the customer experience in pop-up storesFunding:$19.5 BAcquired DeepMind for$400 M,and launched Tensor flow an open-source ML framework leveraging Deep LearningSource:Quid;BCG analysis46Copyright 2022 by Boston Consulting Group.All rights reserved.6.SENSOR TECH USE CASESRapid adoption ac

153、ross verticals like manufacturing,E&U for asset monitoring,maintenance and Industry 4.0Automated PlatformsMonitoringRemotely assess variables and signal in case of discrepancy i.e.,health monitoring via wearables,asset monitoring,air quality monitoryConnected devices to grow 10 x by 2030Deployment o

154、f multiple connected IoT enabled devices that share data to improve operations with feedback i.e.,Industry 4.0,Predictive MaintenanceGlobally installed IoTIndustry ExamplesTech player case studiesBuilt Real-time Manufacturing Insights(RMI),leveraging IoT platforms to provide decision support to mgmt

155、.Designed a platform that enables clients to leverage Sensor Tech and data in a meaningful formatAssists in designing workflows and operations to allow IoT data collectionHelps draw insights from data by studying patternsDeploys AI to distill most relevant findingsPartnered with AWS to collect data

156、across machines in their manufacturing plants,to improve production efficiencyPartnered with IBM to deploy 3,000 sensors along the New Jersey roadway,to monitor and forward data to emergency services and traffic management operators Funding:$81.8 BLaunched a track and trace program;installed sensors

157、 on tools to track them and leverage the information to guide assembly operationsSource:Quid;BCG analysis47Copyright 2022 by Boston Consulting Group.All rights reserved.7.SMART ROBOTS-USE CASESSmart Robotics is enabling manufacturing industries in the transition to Industry 4.0Automate InspectionHea

158、lthcare DiagnosisRobotic assistants helping to perform surgeriesGlobally 41%workers concerned by automation;70%willing to retrain Using Robots and Computer Vision to ensure quality control in product manufacturingSmart AutomationManufacturing&WarehousesLeveraged on shop floors,warehouses etc.to auto

159、mate routine tasks Industry ExamplesTech player case studiesDesigned and developed robots that travel along the cable conductors,cleaning&coating themControlled remotely via cellular/RF,robots included advanced vision and control system to carry operationsBuilt software that makes training industria

160、l robots intuitive to factory workers&improved flexibility for reprogrammingDesigned a manufacturing system for custom hair dye kits,integrated e-commerce orders directly into a smart robotic filling systemOver 200 robots aid employees at one of the companys plants in their routine tasksFunding:$55.

161、2 BLaunched a range of home robots compliant with their voice assistant Alexa i.e.,Echo(speakers),Ring(Door Camera)etc.Source:Quid;BCG analysis48Copyright 2022 by Boston Consulting Group.All rights reserved.8.SUSTAINABILITY TECH USE CASESApplications exist across verticals with focus on renewable te

162、ch and carbon footprint managementEnergy SolutionsCarbon Capture and ManagementSolutions catering to carbon footprint management,offsetting etc.Over 1,200 companies have put in place targets in line with Paris Agreements net zero goalsTransitioning to sustainable sources of energy and reducing energ

163、y consumptionSustainabilityIndustry ExamplesTech player case studiesLaunched Ecoact,a subsidiary focused on helping clients manage their carbon footprint and achieve net zero emissions Served clients like ITV,and Easy jet managing their distribution,and fuel consumptionOffers customers Ozone a cloud

164、-based platform for providing validated and harmonized data and sustainability factors for clients Assists clients with end-to-end carbon managementUses 3.1Bn kWh of green energy from sources like wind/solar/hydro/BiomassTripled its investment in lower carbon energy business,with expectations to inv

165、est over$10 B by 2028Funding:$38.5 BCommitted to reducing carbon emissions significantly by 2030 and reaching net zero by 2050Source:Quid;BCG analysis49Copyright 2022 by Boston Consulting Group.All rights reserved.9.DISTRIBUTED LEDGER TECH USE CASESApplications exist across parallel banking structur

166、es and other forms of administrative contract managementAdministrative PaymentsParallel Banking System to auto-approve workflows for borrowing,lending and trading;often deployed alongside crypto-currency Total number of crypto users could reach 1 Billion by 2030Deployed to track and facilitate trans

167、actions between an organization and its employees/vendors/customers etc.Blockchain MarketIndustry ExamplesTech player case studiesLaunched Quartz,a domain aware smart contracts platformIncludes readymade applications and a developer kitOffering solutions across verticals i.e.,Banking,KYC,supply chai

168、nDeployed a smart contracts-based rewards program for UK based client ZapaygoHelps clients identify use-cases and implement pilots Enabled a tax authority to reduce fraud,and lower the cost of regulationUsed smart contracts to track tax waiver claimsAutomated payment of flight insurance compensation

169、 in-case of flight delaysAllows instantaneous execution of contracts with artists,paying them directly for every second streamedFunding:$10.1 BProvides automatic contracts for real-estate deals across bordersSource:Quid;BCG analysis50Copyright 2022 by Boston Consulting Group.All rights reserved.10.C

170、OMPUTER VISION USE CASESImprovement in computing power&image processing algorithms driving adoption in healthcare&manufacturingSmart HomesHealthcare DiagnosisRecognize patterns and make diagnosis from medical images with higher accuracyComputer Vision market expected to 4x by 2030 Enabling robots to

171、 autonomously navigate,interact with surroundingsComputer VisionIndustry ExamplesTech player case studiesImplemented Industry 4.0 based solutions in the manufacturing of Cigarettes Leveraging Computer Vision Edge for real-time detection and elimination of Non-Tobacco Related Matter(NTRM)AWS Panorama

172、 tech uses a collection of machine learning devices and a software development kit to bring Computer Vision to on-premises internet protocol(IP)camerasAnalyses radiologist reports to identify reporting errors&improve patient outcomesCincinnati International Airport automatically monitors congestion

173、to keep traffic flowingFunding:$33.0 BDeveloped automated quality assurance solutions for its packaging lines using Computer VisionSource:Quid;BCG analysis51Copyright 2022 by Boston Consulting Group.All rights reserved.11.AUTONOMOUS DRIVING USE CASESAdoption driven by commercial applications like eC

174、ommerce delivery&taxi servicesLogistics Robotaxis&ShuttlesDriverless taxis for customers,delivering food&shuttle people etc.Industry expected to 3x by 2028 from 2021Autonomous forklifts,pickers due to precise nature of workAutonomous DrivingGrade 1/2/3 Automation Partial automation and ADAS systems

175、used for self-parking,cruise control etc.Industry ExamplesTech player case studiesHomegrown ADAS algorithms enable 95%distance&object recognition accuracy using 3D LIDAR systemFocuses on being a software integration partner for OEMs&Tier 1 suppliers Offers test house services or end-to-end validatio

176、n for ADAS$27 Bn investment in electric&autonomous vehicles till 2025Worlds first autonomous lift truck capable of performing advanced warehousing opsFunding:$54.8 BJohn Deere revealed a fully autonomous tractor at CES 2022Source:Quid;BCG analysis52Copyright 2022 by Boston Consulting Group.All right

177、s reserved.12.SPACE TECH USE CASESLower launch costs&advancements in imaging&communication tech bringing Space Tech into the mainstreamEarth ScienceSatellite CommunicationApplications across wireless transmission,GPS,cell phone connectivityEstimated to be a$1 Tn by 2040 Measure resources,estimate cr

178、op yields,study earthquakes,floods etc.Space IndustryIndustry ExamplesTech player case studiesLaunched a subsidiary Pixxel which is building the worlds highest resolution hyperspectral imaging satellite constellation AI-powered insights that discover,solve,and predict climate issues at a fraction of

179、 the cost of traditional satellitesPartnered with SpaceXs Skylink to enable their Azure Orbital Cloud Access to deliver prioritized network traffic connectivity Partnering with world carriers&beaming internet from space to provide truly universal cellular connectivityDeveloped products for Agricultu

180、re,BFSI,Infra,&Climate using satellite imagery data Funding:$19.4 BSource:Quid;BCG analysis53VERTICALS:FUNDING PROFILE54Copyright 2022 by Boston Consulting Group.All rights reserved.VERTICAL DEEP-DIVES:TRANSPORTATIONEuropeNorth AmericaAPAC$65 B$8 B$34 B1.Autonomous Driving:31%2.Sustainability Tech:2

181、0%3.Smart Robots:12%4.Sensor Tech:11%5.AR&VR:9%1.Autonomous Driving:28%2.Smart Robots:22%3.Sustainability Tech:12%4.Deep Learning:12%5.Sensor Tech:9%Canada1,666(3%)UnitedStates63,230(97%)Luxemb.UKSwitzerland1,196(15%)GermanyFrance1,000(13%)2,703(34%)618(8%)519(7%)2,892(8%)IndiaChinaJapanIsraelUAE27,

182、701(81%)1,076(3%)802(2%)384(1%)17%19%5%5%5%5%($M)($M)($M)CAGRCAGR53%CAGR8%5%5%5%10%5-10%5%1.Autonomous Driving:43%2.Space Tech:20%3.Sensor Tech:9%4.Smart Robots:8%5.Sustainability Tech:6%Top Technology(%regional funding)Top Countries Key InvestorsT.Rowe Price Associates GM Cruise($1.2 B,NA,Autonomou

183、s Driving)Baillie Gifford Climeworks($650 M,Switzerland,Sustainability)Wayve($200 M,UK,Autonomous Driving)GICSkyroot($51 M,India,Space Tech)BlackRockArrival($400 M,Luxembourg,Smart Robots)SoftBankAnyVision($235 M,Israel,Computer Vision)Andreessen HorowitzWaymo($3 B,NA,Autonomous Driving)Samsara($700

184、 M,NA,Sensor Tech)Funding:$107 B55Copyright 2022 by Boston Consulting Group.All rights reserved.EuropeNorth AmericaAPAC$33 B$6 B$13 BCanadaUnitedStates32,168(98%)505(2%)1,696(26%)UK775(12%)SwitzerlandFinlandGermanySweden1,010(16%)719(11%)594(9%)IndiaChina9,540(72%)IsraelSingaporeJapan1,255(10%)709(5

185、%)639(5%)496(4%)22%24%5%5%6%5%($M)($M)($M)CAGRCAGR38%CAGR13%9%6%10%5-10%5%56Copyright 2022 by Boston Consulting Group.All rights reserved.EuropeNorth AmericaAPAC$16 B$1 B$30 BUnitedStatesCanada13,184(80%)3,265(20%)UKIreland106(14%)FinlandFranceSwitzerland163(21%)106(14%)59(8%)58(7%)South KoreaAustra

186、liaIndiaChinaIsrael27,615(94%)492(2%)285(1%)273(1%)183(1%)27%26%5%5%5%35%($M)($M)($M)CAGRCAGR14%CAGR5%5%5%52%10%5-10%5%57Copyright 2022 by Boston Consulting Group.All rights reserved.EuropeNorth AmericaAPAC$20 B$3 B$15 BUnitedStatesCanada19,609(97%)590(3%)Netherlands538(18%)FinlandUKSwitzerland461(1

187、5%)France526(18%)417(14%)396(13%)IsraelChinaJapanIndiaSouth Korea12,765(85%)801(5%)702(5%)372(2%)145(1%)10%13%5%19%5%5%($M)($M)($M)CAGRCAGR5%CAGR5%5%5%5%10%5-10%5%58Copyright 2022 by Boston Consulting Group.All rights reserved.EuropeNorth AmericaAPAC$21 B$3 B$10 BUnitedStates20,174(96%)Canada733(4%)

188、NetherlandsUKFinland436(15%)FranceGermany321(11%)730(25%)318(11%)314(11%)IndiaIsraelChinaSingaporeAustralia6,472(67%)1,154(12%)705(7%)625(6%)234(2%)7%16%5%21%10%5-10%5%59Copyright 2022 by Boston Consulting Group.All rights reserved.EuropeNorth AmericaAPAC$25 B$2 B$5 B1,774(7%)23,346(93%)UnitedStates

189、Canada967(46%)UKGermanyIrelandSwitzerlandFrance324(16%)136(7%)135(7%)77(4%)ChinaSouth KoreaJapanIsraelIndia3,067(61%)808(16%)586(12%)235(5%)156(3%)15%14%6%5%6%9%($M)($M)($M)CAGRCAGR23%CAGR20%91%14%10%5-10%5%60Copyright 2022 by Boston Consulting Group.All rights reserved.EuropeNorth AmericaAPAC$18 B$

190、3 B$10 BUnitedStates16,772(93%)Canada1,290(7%)Russia1,513(46%)UK346(10%)LuxembourgAustriaGermany615(19%)168(5%)144(4%)India8,516(86%)ChinaIsraelJapanPhilippines533(5%)424(4%)200(2%)155(2%)38%5%5%5%5%23%($M)($M)($M)CAGRCAGR29%CAGR29%5%5%5%10%5-10%5%61REGIONS:FUNDING PROFILE62Copyright 2022 by Boston

191、Consulting Group.All rights reserved./Leading from the front REGIONAL DEEP-DIVES:EUROPEFunding:$32 BTop Technology(%regional funding)Top Countries UKSwitzerlandGermanyFinlandFrance9,317(29%)4,958(15%)3,080(9%)2,805(9%)2,613(8%)13%5%5%10%5-10%5%63Copyright 2022 by Boston Consulting Group.All rights r

192、eserved./Leading from the front REGIONAL DEEP-DIVES:APACFunding:$137 BKey Investors and InsightsTop Technology(%regional funding)Top Countries ChinaIndia3,627(3%)JapanIsrael9,422(7%)Singapore111,156(81%)2,472(2%)2,279(2%)17%19%5%10%5-10%5%64Copyright 2022 by Boston Consulting Group.All rights reserv

193、ed.4963843722345854312Industrial GoodsBFSIHealthcareTransportationRetail&CPGTechTelecomMediaEducationPublic SectorE&U38%53%19%24%14%77%23%29%26%10%5-10%100 bnHigh(15%CAGR)P2:50-100 bnMedium(5-15%CAGR)P3:OthersLow(5%CAGR)USD MnENERGY&UTILITIESMEDIAPUBLIC SECTOREDUCATIONRETAIL&CP

194、GBFSIINDUSTRIAL GOODSHEALTHCARETECHTELECOMTRANSPORTATIONTECHNOLOGY TOTALPotential future big betsNote:Funding data based on publicly disclosed deals and reflects private investments for applications of a technologySource:Quid;Expert interviews;BCG analysis67Copyright 2022 by Boston Consulting Group.

195、All rights reserved.1,4011,42511,07452987551,147Market size,CAGRTECHNOLOGY TOTAL64,906 32,67225,209 21,054 20,26118,060 16,45714,256 14,186 11,545 8,510 247,116524,089TECH/VERTICALSAR&VRPotential future big bets25,090 10%38,666 9%98,855 6%15,026 8%60,180 6%47,326 5%21,382 10%165,761 7%9,4

196、68 9%27,231 9%15,104 6%16,7032,1372,1735,1023,1496,1863,9417,3763,0094,3985,6915,14348,305Autonomous Analytics1,2371,4642,5061,6493,3813,0593,9833,5101,087383315Sustainability Tech22,574NA1,6422,1413,9298495691,1893181,1221,0961,021747Computer Vision14,6231,2064,0883,6461104707701,9509Edg

197、e Computing14,1201,3901,2633,65323337773638,990NA1,3902,46127,65628575436413Autonomous Driving34,3561,7441,5063389579983850Deep Learning6,92012,6474287245669Space Tech15,758NANA3,64495408671733924605G/6G5,465NANORTH AMERICAAutonomous Analyt

198、ics,Sensor Tech,Smart Robots,Sustainability&Edge foundational Computer Vision,AR&VR,Distributed Ledger,5G/6G,Autonomous Driving&Space Tech vertical specificUSD MnABCDHigh(15%CAGR)Medium(5-15%CAGR)Low(5%CAGR)GROWTHPrivate Investment Amounts(Sep 2017-Sep 2022)-$Million2,6572,4952,8982,2832,

199、8666,4963,7014,5826,0774,1121,004Sensor Tech39,1711,8491,5501,4451,5581,6234,3895,252357584539985Smart Robots20,131Distributed Ledger TechENERGY&UTILITIESMEDIAPUBLIC SECTOREDUCATIONRETAIL&CPGBFSIINDUSTRIAL GOODSHEALTHCARETECHTELECOMTRANSPORTATIONVertical TotalNiche bets(e.g.,Transportation)Note:Fund

200、ing data based on publicly disclosed deals and reflects private investments for applications of a technologySource:Quid;Expert interviews;BCG analysis68Copyright 2022 by Boston Consulting Group.All rights reserved.TELECOMRETAIL&CPGEDUCATIONPUBLIC SECTORMEDIAENERGY&UTILITIESBFSITECHINDUSTRIAL GOODSHE

201、ALTHCARETRANSPORTATIONTECH/VERTICALSPotential future big betsEUROPESmart Robots,Sustainability Tech,AR&VR and Autonomous Driving foundationalOnly Sensor Tech in Transportation vertical specificUSD Mn10-25750High(15%CAGR)Medium(5-15%CAGR)Low(150025--1500308,842TECH/VERTICALSPotential futur

202、e big bets18,909 10%2,941 10%44,624 8%6,527 13%27,721 12%86,721 10%53,941 7%9,622 11%10,512 16%28,151 12%19,173 9%15%CAGR)Medium(5-15%CAGR)Low($50 B)Emerging Tech Families1(Enterprise Spend$50 B)TECHNOLOGY FAMILIES Global market segmented by enterprise IT spend,10 highly commercialized tech families

203、 identifiedTechnologies with a small base of IT spendGrowth analyzed to identify emerging techNot included in scope1.Also includes technologies with small base($50 B),but slow growth(15%)that are not considered as emerging-CRM,Traditional App Development,Customer Care(BPO),Payroll(BPO),F&A(BPO),Ente

204、rprise Solutions Source:Gartner;BCG analysis72Copyright 2022 by Boston Consulting Group.All rights reserved.Enterprise Solutions(Others)Traditional App developmentDigital ManufacturingIoT Systems and PlatformsCRM(enterprise solutions)ConnectivityNext-gen ComputingBlockchainAI/ML&RoboticsClimate-chan

205、ge ServicesNext-gen Platform SolutionsPayroll(BPO)AI-enabled CybersecurityF&A(BPO)AI-enabled Data SolutionsImmersive MediaCustomer Care(BPO)51%45%42%35%32%30%29%24%23%18%16%7%6%5%-4%-11%5%Emerging Technology ThemesDigital Manufacturing3D PrintingImmersive MediaAR&VRMetaverseHapticsIoT Systems and Pl

206、atformsOutdoor Location IntelligenceSensor TechnologyConnectivity5G/6GWireless Low Power NetworksSpace TechNext-gen ComputingQuantum ComputingEdge ComputingCognitive ComputingBlockchainDistributed Ledger TechWeb 3.0Climate-change ServicesSustainability TechNext-gen Platform SolutionsIndustry CloudSe

207、rverless ComputingAI/ML&RoboticsAutonomous DrivingDeep LearningSmart RobotsComputer VisionConversational AIVirtual Agents/ChatbotsGesture RecognitionAI-enabled CybersecurityZero Trust ModelIntrusion Detection and PreventionAI-enabled Data SolutionsAutonomous AnalyticsBehavioral Modeling28 Emerging t

208、echnology themes from 11 tech families across Innovate&Incubate stages selected for further deep-diveGrowing at 2X the market growth rate-Selected for further deep-divePlateaued TechnologiesEnterprise Spending CAGR(22-26)EMERGING TECH FAMILIES Growth rates analyzed to identify 11 fast growing tech f

209、amilies;28 emerging technology themes identified for deep-diveNote Also includes DevOps($32 B)excluded as not a technologySource:Gartner;BCG analysis73Copyright 2022 by Boston Consulting Group.All rights reserved.TechnologyDescriptionMetaverseVirtual world mimicking properties of the physical world.

210、Leverages tech like AR&VR,Blockchain&Social MediaUse-cases in gaming,training,entertainment,product design,retail etc.Conversational AIBranch of AI concerned with giving computers the ability to understand text and spoken wordsUse-cases in predictive text features,digital voice assistants etc.Indust

211、ry CloudPurpose-built Cloud for a specific industry&can deal with vertical-specific issue3D PrintingConstruction of a 3D object from a CAD model or a digital 3D model;Use-cases in prototyping,manufacturing,BioprintingWeb 3.0Distributed framework for the internet with automated monitoring and no cent

212、ral authoritiesUse cases Distributed Ledger Tech,Distributed app building on open platforms etc.Behavioral AnalyticsLeveraging AI/ML/Autonomous Analytics to draw insights from consumer behavior on e-commerce/online platforms Gesture RecognitionComputer science technology with the goal of interpretin

213、g human gestures via mathematical algorithms.i.e.,Gesture control in cars Zero-Trust ModelCybersecurity approach with no implicit trust for people using the system,validation needed at every stepOnly people who need to have access to certain pathways/data are allowed access GLOSSARYDescriptions&Use-

214、cases for remaining 16 technologies(I/II)74Copyright 2022 by Boston Consulting Group.All rights reserved.TechnologyDescriptionOutdoor Location IntelligenceSensor technology to monitor peoples movements in an outside location i.e.,OOH marketing,urban planningWireless Low Power Networks Wide area netw

215、ork designed to allow long-range communications at a low bit rate among things,such as sensors operated on a batteryServerless ComputingCloud execution model in which the cloud provider allocates machine resources on demand,taking care of the servers for their customersCognitive ComputingUse of comp

216、uterized models to simulate the human thought process i.e.,personalized shopping experience techVirtual AgentsSoftware program that uses scripted rules and,AI to provide automated service or guidance to humansQuantum ComputingHarnessing the laws of quantum mechanics to solve problems too complex for

217、 classical computersIntrusion DetectionCybersecurity approach for detecting,preventing or recovering from cyberattacksHapticsTechnology of transmitting and understanding information through the sense of touch i.e.,touch screen GLOSSARYDescriptions&Use-cases for remaining 16 technologies(II/II)75For

218、information or permission to reprint,please contact BCG at .To find the latest BCG content and register to receive e-alerts on this topic or others,please visit .Follow Boston Consulting Group on Facebook and Twitter.Boston Consulting Group 2022.All rights reserved.12/22The information contained her

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221、uld consult a qualified professional adviser.Use or reference of companies/third parties in the report is merely for the purpose of exemplifying the trends in the industry and that no bias is intended towards any company.This report does not purport to represent the views of the companies mentioned

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223、al in this publication is copyrighted.No part of this report can be reproduced either on paper or electronic mediawithout permission in writing from NASSCOM.Request for permission to reproduce any part of the report may be sent to NASSCOM.USAGE INFORMATION Forwarding/copy/using in publications witho

224、ut approval from NASSCOM will be considered as infringement of intellectual property right76Rajiv Gupta Managing Director&Senior Partner BCG New DelhiGupta.RHarsh Singh Project LeaderBCG New Delhi Singh2.HSangeeta GuptaSenior Vice President&Chief Strategy OfficerNASSCOM Sangeetanasscom.inNamita Jain

225、Practice Lead,NASSCOM InsightsNASSCOMNamitanasscom.inThe authors thank and acknowledge the support provided by Jasmeet Chawla(Senior Associate,BCG)and Avantika Mathur(Senior Associate,BCG)in preparing this report.We would like to extend our gratitude to NASSCOM member organizations,industry stalwart

226、s and leaders from the Tech sector for sharing their rich experiences with us and enabling others to learn from their knowledge.Their expertise has been invaluable to this exercise.A special thanks to Sucheta Desai for managing the marketing process and to Pandi Velladurai,Showmik Chakraborty,Manika

227、ndan Kathiresan,Anonya Roy and Jovinal Rodrigues for their contribution towards design and production of this report.Sumit SarawgiManaging Director&Senior PartnerBCG New Delhi Sarawgi.SAchyuta GhoshSenior Director&Head of Research NASSCOMAchyutanasscom.inSudhanshu ChawlaPartnerBCG New Delhi Chawla.SVikash JainManaging Director&Senior PartnerBCG New Jersey Jain.VABOUT THE AUTHORSACKNOWLEDGMENTS77