Presenting the 18th issue of The PEriodical – Our dossier of information, focusing exclusively on the VC/PE industry. The Quarterly Private Equity newsletter reviews the PE/VC deals during the quarter, exits, fundraises, sectors attracting the most investments, etc. Each issue of The PEriodical highlights one key sector of prime importance to the industry, underscoring the trends, disruptions and growth that the sector entails.
The sector in focus for this issue of The PEriodical is TECHNOLOGY SERVICES MARKET
India’s Technology Market is estimated to have grown to USD 245bn in FY 2023 from USD 226bn in FY 2022, marking a growth rate of ~8.4% p.a. This is lower than the growth rate of ~15.5% in FY 2022, primarily due to the slowdown in global economies in FY2023. Service providers will look to strengthen their expertise in cloud and emerging technologies. For end-user enterprises, cybersecurity, cloud, AI, and analytics continue to be of focus as they look to integrate these solutions with other business processes to realise a higher value from their investment. Hyper-automation and virtual experience are other new areas that are expected to drive optimisation and business growth for enterprises.
In this issue, the ‘Across the Table’ section features the views of Senior Vice President - Corporate Development & Strategy, Black Box Limited, on the evolution of technology across the pre-COVID and post-COVID eras, and the importance of digital infrastructure for businesses in the new normal.
We hope you find this issue interesting and exciting, covering everything significant in the space for Q1 CY2023.