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Agenda
Defining Internet of Things
Internet of Things is defined by the shift from products with discrete functionality to a
connected cognitive system
ENHANCED CONNECTIVITY
ENHANCED COGNITION
COGNITIVE SYSTEMS
DISCRETE
PRODUCTS
ENHANCED INFORMATION
SELF LEARNING
CONNECTED
SELF ACTING
ENHANCED COLLABORATION
The Internet of Things (IoT) is a system of interconnected devices which are embedded with
sensors, software, and connectivity that enable them to collect and exchange information
The IoT stack extends from hardware to the application software layer which interact to form a system of interoperable & interconnected devices and platforms
Software
Connectivity
Cyber Security
Product
Agenda
Defining Internet of Things
The propel by the semiconductor industry for IoT Technology has resulted in significant
changes in the consumer value chain
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Zinnov Proprietary Confidential
Low Cost, Shrinking Form Factor and Ultra Low Power chipsets have enabled IoT growth
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AWS
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Microsoft
0.15
$/GB
Transistors/mm2
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102
1970
1980
1990
2000
2010
2020
Companies are exploring newer business models and revenue streams through data
collected from IoT technology
Traditional Models
Examples
One-time upfront payment
Disintermediation
Data-led Revenue
Monitoring
Servitization
Zinnov Proprietary Confidential
Customized offering
Sharing economy
Product-as-a-service model
Fitbit to sell its data to German life insurer Generali who will
offer customized policies based on the data
Hardware as a
Service
Scalability
Better Security
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Interoperability challenges owing to billions of connected devices and new IoT platforms
everyday are being addressed through alliances and consortiums
Allseen Alliance
ZigBee Alliance
IEEE P2413
Thread
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Agenda
Defining Internet of Things
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The Overall Global spend on IoT Technology by Corporates is ~USD 120 Bn and is
expected to grow at 16% to reach USD 253 Bn by 2021
2016
2021e
USD
USD
54
USD
120
Billion
Total IoT Spend
2016
15.3%
Billion
110
Billion
IoT Technology
Products
IoT
Technology
Products
IoT Platforms
USD
253
Billion
USD
16.7%
USD
66
143
Billion
Billion
IoT Technology
Services
Product Development
Engineering
Managed Services
IoT
Technology
Services
Source: Zinnov Research & Analysis
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Industrial, BFSI and Automotive verticals are expected to drive the IoT growth contributing to
~50% of the spend in 2021
Split of IoT Spend by Vertical
60
55
2016
2021e
50
USD Billions
40
36
30
27
25
25
22
20
18
18
17
15
13
13
10
10
10
10
10
8
6
4
3
0.6
0.6
1 2
CAGR
Industrial
BFSI
Automotive
High tech
Retail
Telecom
Energy
Healthcare
Consumer
Packaged
Goods
Utilities
17%
15%
16%
14%
16%
13%
17%
21%
24%
16%
13%
11%
Wearables
Home
Automation
Others
18%
26%
11%
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Asia is expected to grow at the highest rate contributing to ~35% of total spend by 2021
Europe
Asia
14%
16%
North America
47.5
97.7
65
34
19%
36.2
87
5%
7%
1.7
South America
1.2
0.2
0.3
Australia
6%
x
2016
1.4
x
2021
e
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By 2021 the Addressable market for IoT Technology Services is expected to grow at 13% to
~69 Bn USD
Addressed Market
Addressable Market
66
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2.8
Bn USD
Bn USD
2016
Bn USD
8.2% of the
Addressable Market
2021e
17%
13%
21%
143
69
7.3
Bn USD
Bn USD
Bn USD
12.5% of the
Addressable Market
Zinnov Proprietary Confidential
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Agenda
Defining Internet of Things
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Asian IoT Technology Service Providers address ~47% of the total outsourced market
IoT Technology
Services Outsourcing
USD
2.8
Western Europe
0.71 Bn
0.55 Bn
Eastern Europe
0.21 Bn
USA
0.17 Bn
China
1.13 Bn
India
Billion
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The IoT Technology Services market is highly consolidated with Top 20 Service Providers
contributing to ~82% of the overall market
400
350
Top 20
Next 20
Remaining
82%
13%
5%
300
250
200
150
100
50
0
0
Zinnov Proprietary Confidential
20
40
60
80
100
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IoT Technology Service Providers are bringing IoT focused changes in the way they operate
and engage with customers
Newer IoT Technology specific engagement models:
Service Providers are exploring their IoT offering through revenue sharing and outcome-based engagement models
New-Age Models
Traditional Models
IoT
Integration
Outcome-based
Risk-Reward
Usage-based pricing
IoT specific partnership across the technology stack with niche companies
Service Providers are partnering with platforms firms, start ups, VC funds, and universities with a focus on IoT
Connected Universe
Platform
UBIQweise
Midas
Pure-play Engineering
Deal Proportion: 65% Services companies
Zinnov Proprietary Confidential
End-to-End development
capabilities
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Agenda
Defining Internet of Things
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Zinnov Zones for IoT Technology Services has rated participants across 3 categories
and their subsequent sub categories
Network Management
Engineering Analytics
Decision Sciences
Remote Monitoring & Infra
Management
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High
Expansive
Niche
Low
Emerging
Established
Capabilities & Innovation, Specialisation
23
High
Complete Participation by Service Providers
Partial Participation by Service Providers
Niche
Cognizant
Expansive
HARMAN
Connected
Services
TCS
Accenture
HCL
Infosys
Altran
Wipro
Tech Mahindra
Atos
Tieto
Tata Elxsi
L&T TS
Capgemini
Genpact
Persistent Systems
GlobalLogic
Ness Digital
Engineering
Cyient
Aricent
Luxoft
Prodapt
EPAM
VirtusaPolaris
Hughes
Systique
eInfochips
Innominds
GlobalEdge
L&T Infotech
Happiest Minds
Pratiti
Technologies
Low
Emerging
Established
Capabilities & Innovation, Specialisation
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Service providers are evaluated across pre-identified key performance parameters and
subsequently classified under Zinnov zones
Human Capital
Human Capital is critical in analysis of companys capability to deliver specific engineering needs. We considered overall headcount, distribution by experience level,
positioning (onsite/offshore), domain expertise across verticals.
Financials
Financial Strength of a company plays a key role in the assessment process; apart from showcasing the financial health of the organization, it also contributes in analyzing
the capability to scale, invest and overall potential of the vendor for business growth
Ecosystem Linkages
Strategic partnerships with upcoming digitally native start-ups, University connects to focus on developing digital talent and research activities tell a lot about the
organizations capability in harnessing the ecosystem in Internet of Things Service space. We have covered all aspects as listed with specific weights to each as appropriate
Infrastructure
Infrastructure investment demonstrates capability and commitment to growth. Also, geographic spread and expansions throws light on the ability to leverage geo specific
advantages. Companies that have invested in Infrastructure like Digital Labs and CoEs have strong capabilities in providing IoT Technology Services
Business Sustainability
Client relationships, engagement model maturity with the customers, the ability to articulate and create a USP and the Governance Risk and Compliance status are
indicators of sustainability. We used these parameters to assess the sustainability index of the partner, which will help customers differentiate long term players from others
The cumulative score of enterprises based on the parameters is used to classify the service providers in one of the Zinnov Zones belowNurture Zone
Breakout Zone
Execution Zone
Leadership Zone
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Scalability
High
Nurture Zone
Breakout Zone
Execution Zone
Leadership Zone
Capable of performing
concept to Go-To-Market for
IoT Technology
Competent to implement
End-to-End IoT technology
solutions
Low
IoT Competency
Human Capital, Capabilities & Innovation, Financial, Ecosystem Linkages, Infrastructure, Business Sustainability
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High
Nurture Zone
Breakout Zone
Execution Zone
Leadership Zone
Scalability
Accenture
HCL
TCS
Tech Mahindra
Infosys
HARMAN Connected
Services
Wipro
Capgemini
Luxoft
Persistent Systems
Atos
Cognizant
Aricent
EPAM
Tieto
VirtusaPolaris
Cyient
Ness Digital
Engineering
Genpact
L&T TS
GlobalLogic
Prodapt
L&T Infotech
Hughes
Systique
Tata Elxsi
Innominds
Happiest Minds
Pratiti Technologies
Low
IoT Competency
Human Capital, Capabilities & Innovation, Financial, Ecosystem Linkages, Infrastructure, Business Sustainability
Zinnov Proprietary Confidential
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High
Nurture Zone
Breakout Zone
Execution Zone
Leadership Zone
Scalability
Capgemini
Cognizant
HARMAN
Connected
Services
Wipro
Tech Mahindra
EPAM
Accenture
GlobalLogic
Genpact
Atos
VirtusaPolaris
Tata Elxsi
Infosys
Persistent
Systems
Aricent
L&T TS
eInfochips
Tieto
Cyient
Luxoft
GlobalEdge
Prodapt
Ness Digital Engineering
Hughes
Systique
Innominds
Happiest
Minds
Pratiti Technologies
Low
IoT Competency
Human Capital, Capabilities & Innovation, Financial, Ecosystem Linkages, Infrastructure, Business Sustainability
Zinnov Proprietary Confidential
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High
Nurture Zone
Breakout Zone
Execution Zone
Leadership Zone
Scalability
HCL
Wipro
HARMAN Connected
Services
Accenture
TCS
Altran
Capgemini
Atos
Tech Mahindra
Persistent Systems
Infosys
Luxoft
GlobalLogic
Genpact
VirtusaPolaris
Tata Elxsi
L&T Infotech
EPAM
Tieto
Ness Digital
Engineering
eInfochips
L&T TS
Aricent
Cognizant
Happiest Minds
Cyient
GlobalEdge
Prodapt
Innominds
Low
IoT Competency
Human Capital, Capabilities & Innovation, Financial, Ecosystem Linkages, Infrastructure, Business Sustainability
Zinnov Proprietary Confidential
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High
Nurture Zone
Breakout Zone
Execution Zone
Leadership Zone
Scalability
Capgemini
Altran
Atos
Cognizant
Persistent
Systems
EPAM
Infosys
GlobalLogic
Accenture
Happiest
Minds
Cyient
Aricent
Wipro
Tech Mahindra
eInfochips
Tieto
Innominds
TCS
L&T TS
Luxoft
Tata Elxsi
Genpact
Prodapt
Hughes
Systique
GlobalEdge
Pratiti Technologies
Low
IoT Competency
Human Capital, Capabilities & Innovation, Financial, Ecosystem Linkages, Infrastructure, Business Sustainability
Zinnov Proprietary Confidential
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High
Nurture Zone
Breakout Zone
Execution Zone
Leadership Zone
Scalability
Wipro
HCL
HARMAN Connected Services
TCS
Accenture
Aricent
Cognizant
EPAM
Tieto
Tech Mahindra
Capgemini
Atos
Tata Elxsi
Altran
L&T TS
Infosys
GlobalLogic
eInfochips
Ness Digital
Engineering
Cyient
Happiest Minds
Genpact
Innominds
Prodapt
GlobalEdge
Hughes
Systique
Pratiti Technologies
Low
IoT Competency
Human Capital, Capabilities & Innovation, Financial, Ecosystem Linkages, Infrastructure, Business Sustainability
Zinnov Proprietary Confidential
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High
Nurture Zone
Breakout Zone
Execution Zone
Leadership Zone
Scalability
Accenture
Wipro
Capgemini
TCS
HCL
Altran
Genpact
Ness Digital
Engineering
Tech Mahindra
Infosys
Atos
Persistent Systems
EPAM
Aricent
Cognizant
GlobalEdge
Cyient
Hughes
Systique
L&T TS
GlobalLogic
Tieto
Luxoft
eInfochips
Happiest Minds
L&T Infotech
Innominds
Prodapt
Tata Elxsi
Pratiti Technologies
Low
IoT Competency
Human Capital, Capabilities & Innovation, Financial, Ecosystem Linkages, Infrastructure, Business Sustainability
Zinnov Proprietary Confidential
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High
Nurture Zone
Breakout Zone
Execution Zone
Leadership Zone
Scalability
Altran
HCL
Genpact
Accenture
Atos
TCS
Wipro
Tech Mahindra
Cognizant
Infosys
GlobalLogic
EPAM
Persistent Systems
Aricent
Capgemini
Luxoft
Tieto
Ness Digital
Engineering
Cyient
eInfochips
GlobalEdge
L&T TS
L&T Infotech
Happiest Minds
Prodapt
Hughes
Systique
Innominds
Low
IoT Competency
Human Capital, Capabilities & Innovation, Financial, Ecosystem Linkages, Infrastructure, Business Sustainability
Zinnov Proprietary Confidential
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Disclaimer
In the context of Zinnov Zones for IoT Technology Services, we reached out to a limited set of service providers that could be potential leaders in
this space. Our set of inclusion criteria enables us to shortlist, effectively based on which service providers are invited to participate. While we
normally see significant interest in participation, sometimes a service provider may request to be excluded from the Zinnov Zones activity if the
timing of the research or circumstances within the service provider organization makes participation difficult. If a service provider declines to
participate at the beginning of a Zinnov Zones process, it is important to know the following policies:
As we invite only leading service providers and emerging players to participate in the Zinnov Zones, if a service provider decides not to
participate, we have still included them in the final report if we think it is necessary
Our reasoning is that a Zinnov Zones without a leading service provider would project an partial picture of the market and make it less
pertinent for our clients
The Zinnov Zones report clearly differentiates service providers that did not undergo the same rigorous evaluation
as its peers
o
o
While our analysts have evaluated the service providers that declined to participate, the service providers place in the rating is denoted
by a differentiating symbol indicating non-participation in the research process
Their assessment is based on different inputs than those used for evaluating its peers
In an effort to ensure accuracy while circumventing the rigorous evaluation, we have tried to gain as much information from nonparticipating vendors on a briefing call as possible
If we could not arrange such briefings, we have conducted our research through secondary means
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