2020 TECH LANDSCAPE: WHAT TO LOOK OUT FOR IN BANGALORE’S IT INDUSTRY?

by The Scalers Offshore Development Teams In India

The early 90s’ didn’t just give us Kurt Cobain and The Simpsons. It gave us something invaluable – the Internet. With the Internet came a deep transformative movement- the technological revolution. Since then, every decade has seen a slew of new technologies and mind-blowing innovations all across the globe.

Today, we stand on the doorstep of a brand new decade -the 2020s. With digital transformation gaining traction like never before, and the acceleration of next-gen technologies such as machine learning, AI, and automation at an all-time high, countries like India are heavily investing in these technologies.

A recent study by Gartner estimated that the IT spending in India for the year 2020 would be at $94 billion, which is a 6.6% increase from 2019. A large portion of this money will be focused on Bangalore’s IT development – a city that houses the majority of engineers in the country.

In such a scenario, what does Bangalore’s IT industry look like for the year 2020? Can you expect an exponential increase in the existing workforce? Will our bosses become elaborately designed robotic machines? Will we be able to time-travel? In this blog post, we’ve curated 5 tech trends to look out for in Bangalore in the next year, and potentially the next decade. Let’s find out what they are!

1.Millennial Workforce & Start-up Culture

Innovation in India has grown leaps and bounds in the last two decades, in spite of the economic restrictions that come with being a “developing country.” With no Ivy League education, and no accelerators or incubators, Indian business leaders have always had to fight against all the odds to bring their culture to today’s high point. The challenges that they faced along the way is what helped them become influential leaders with a will to establish successful IT companies.

Related: Hire a team of dedicated offshore developers in Bangalore.

Bangalore’s IT scene today is one that boasts of a strong sense of entrepreneurship. Bangalorean entrepreneurs rely on their skills, resilience, and tenacity to build their startup culture from the ground up. The large millennial workforce in the city has established over 1200 start-ups in the last year alone, according to a NASSCOM report.

The result?

In 2018 alone, Indian tech companies have managed to raise an impressive 12.68 billion in equity funding and an additional 1.14 billion in debt funding – with the majority heading straight to Bangalore-based businesses. And that’s not all! According to predictions, Bangalore will house 11,500 start-ups by 2020 – an exponential increase from 2018. If you’re looking to build an IT business, and you’re wondering where to go, look no further!

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