The COVID has brought unsurmountable change the way businesses carry their operations. "Business continuity" which only a training material earlier, now has become a reality. How does this change consumption & digitization?
The frontside, regular IT/Tech was first to experience the boom due to increased demand of tech scalability, adoption of cloud solutions, and WFA (work from anywhere) initiative. Banks/FMCG/Retail/Pharma were first to adopt tech
There are some Post-COVID beneficiaries such as auto/infra/Mfg./industrial/transport etc. These industries got hit worst as they were relatively behind on the tech & automation adoption.
These businesses need complex, scalable, reliable automation solutions which take time to deploy/test/re-deploy. Such contracts in ER&D space will become very common in 6-12m time. Large spends will be coming in this domain.
Digital will enable productivity gains that are unmatched in the history of mankind. This is the start of next industrial revolution where wave of startups, digital, tech, automation adoption becomes part of daily live
Literally, every industry would go tech way. @Fintech, #InsureTech, #HealthTech, #AgroTech, #EdTech, #DiagnosticTech, #BioTech will allow companies to operate with agility like a startup
#LTTS is one of the biggest Post-COVID beneficiary. Once ER&D contracts open up for renewals next year, even if 10% of those net TCV contracts come to #LTTS, we will witness 2x topline immediately.
45% of global ER&D contracts are executed in US & 25%+ are in EU. That's whopping 70%. With $100bn minimum opportunity size available for Indian players, #LTTS can dominate this through scale + domain leadership.
Of $1.4trn global ER&D spend, nearly 70% contracts are in US+EU. Capgemini acquired Altran so there will be challenges & clash of culture. This puts #LTTS perfectly positioned to get those contracts.
Traditional legacy ER&D won't experience growth, but digitally enabled ER&D opportunity size will grow at staggering 20% CAGR. If market size grows at this pace, imagine what pace leading companies grow at? Think big, think long
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