Zinnov Zones 2018 ER&D Services
December 2018
Zinnov Proprietary Confiidentiial 1 01 ER&D Services Market Overview ➢ Global Corporate ER&D Spend v Z1000 R&D Spend by vertical ➢ Overall Digital Engineering Spend v Digital engineering spend by vertical
02 Zinnov Zones ER&D Service provider Ratings 2018
Zinnov Proprietary Confiidentiial 12 The Global Corporate ER&D Spend is pegged at USD 1.2 trillion
Global Corporate Engineering and R&D Spend is in excess of USD 1.2 Trillion in 2018
Z1000 organizations Total Corporate ER&D Spend
Aerospace & Defence Media & Entertainment
Automotive Medical devices Total Corporate R&D Spend BFSI Mining & Metals USD1228B
Biotechnology Pharmaceutical Z1000 R&D Spend
Consumer Electronics Retail USD B Includes Traditional 975 R&D spend andTotal Chemicals & Materials Semiconductor Engineering Spend Organization wide Peripherals & Storage Software & Internet USD812B
Spend of Global Top R&D Spend by Global Energy &Utilities Telecommunication 1000 R&D Spenders Corporates (includes Manufacturing engineering spend companies beyond Project Engineering Spend FMCG Transportation & CHM Z1000) MRO Spend in aerospace Healthcare payers & providers Travel & Hospitality Regulatory Services spend Telecom NW Service & Layout Industrial Others
Zinnov has increased its coverage through new verticals such as BFSI, Retail, and Travel & Hospitality, etc. which reflects as increased Corporate ER&D spend
Zinnov Proprietary Confidential Source: Zinnov Z1000 database, Zinnov Research &Analysis 3 3 While automotive firms lead R&D spending, Software & Internet firms have witnessed highest growth (1/2)
X% % Increase in R&D spend over 2017
Z1000 organizations YX%% decrease in R&D spend over2017 USD 812Billion 2018 Z1000 R&D
$ 130 BN $ 125 BN $ 117 BN $ 67 BN $ 61 BN $ 54 BN $ 30 BN $ 28 BN Software& Consumer Telecom & Peripherals& Medical Automotive Pharmaceutical Semiconductor Internet Electronics Networking Storage Devices
6-7% 5-6% 18-19% 9-10% 7-8% 4-5% 1-2% 9-10%
Top R&D Spenders
Dell Volkswagen 10.2 B 22.6 B Apple 14.2 B Intel 13.1 B Huawei 13.5 B 4.3B Medtronic 2.2 B 14.5 B Merck &Co. Amazon Technologies Samsung Daimler 9.6 B Qualcomm 5.6 B Cisco Systems 6.3 B Canon Bard Novartis 8.9 B Alphabet 16.6 B Electronics 14.1 B 2.7B 1 B Western Becton Toyota Motor 9.5 B Pfizer. 7.7 B Microsoft 13 B Sony 4.1 B Broadcom 3.3 B Nokia 5.4 B 2.4B 1 B Digital Dickinson 4.1 B Boston 1 B Robert Bosch 8 B Bristol-Myers 6.4 B Facebook 7.7 B Panasonic TSMC 2.5 B Ericsson 4.4 B Lenovo 1.2 B Squibb Scientific Thermo Fisher Ford Motor FujiFilm 1.5 B 2.1 B NTT 1.9 B Seagate 1 B 0.9 B 8 B GlaxoSmithKline 6.1B Oracle 6.2 B MicronTechnology Scientific
Zinnov Proprietary Confidential Source: Zinnov Z1000 database, Zinnov Research &Analysis 4 While automotive firms lead R&D spending, software & Internet firms have witnessed highest growth (2/2)
X% % Increase in R&D spend over 2017
Z1000 organizations YX%% decrease in R&D spend over2017 USD 812Billion 2018 Z1000 R&D
$ 27 BN $ 27 BN $ 26 BN $ 24 BN $ 19 BN $ 15 BN $ 14 BN $ 46 BN Aerospace& Chemicals& Energy& Transportation, Industrial Biotechnology FMCG Others Defense Materials Utilities Construction & HM
5-6% 0-1% 7-8% 7-8% -2% -1% 3-4% Top R&D Spenders
Procter & ABB 1.3 B Boeing 3.2 B Celgene 5.9 B Dupont 2.1 B Petrochina 1.8 B 1.8 B Caterpillar 1.9 B Gamble Sumitomo Gilead China Railway Airbus BASF 2.1B SNAM 1.1B Nestle Electric 1.1 B 3.1 B Sciences 3.7B 1.7 B Construction 1.5 B
TDK BAE CRRC 2.1 B Amgen 3.5B 3M 1.8B ExxonMobil 1.1B Unilever 1 B 1.5 B 0.9 B Systems Deere & Murata Leonardo- Dow 0.8 B 1.7 B Biogen 2.2 B 1.6 B Sinopec 0.9 B L'oreal 1 B Company 1.4 B Manufacturing Finmeccanica Chemical Toyota Sumitomo CNH Industries 0.7 B Safran 1.5 B Monsanto 1.6 B Chemical 1.5 B Royal Dutch 0.9 B Pepsico 0.7 B 1 B
Zinnov Proprietary Confidential Source: Zinnov Z1000 database, Zinnov Research &Analysis 5 Digital natives have been disrupting large R&D spenders across verticals…
Traditional Products Industries Digital Products Early adopters to drive digitization
Shared Mobility CarSales Automotive • Ride sharing company UBER has a higher valuation than GMand Ford Autonomous and EVs • Tesla focuses on building autonomous EVs
Industrial Analytics • Honeywell built its Sentience platform and provides analytics Equipment Industrial services to its clients • PTC acquired Thoughtworks to provide platform services to its Platform clients Predictive maintenance • Taleris uses sensors to monitor aircraft components & systems and Oil Production Energy provide predictive maintenance services for customers Operational efficiency • KUKA produces one unpainted vehicle body every 77 seconds
On-Demand MedicalDevices • Practo Became world’s largest health appointment booking platform Medicines Healthcare in 2015 Connected Devices • CareFusion is shifting to patient centric model
Software defined networks • Over 1 Bn active users with 42 Bn+ texts sentdaily TelecomEquipment Telecom • The industry expects to lose combined $386 Bn between 2012 and Network Infra 2018 to OTT players such as Skype Over the topservices
Software as aservice • Salesforce.com transformed the CRM business by providing cloud On-premise applications Enterprise based services Software Mobility • Salesforce.com has captured 20% of the market share • Slack is valued at $5 billion and transformed enterprise collaboration Product personalization • Spotify quadrupled its paying user base (40 Mn+) in just 2years Embedded • Facebook uses consumer data to define product roadmaps Design Consumer Data driven productengineering • 1.2B+ people use Facebook
Zinnov Proprietary Confidential Source: Zinnov Research &Analysis 6 …As a consequence, R&D spenders are investing towards digital engineering to stave off competition
Top R&D spenders are investing in digital engineering themes to drive velocity in manufacturing processes and new product development while also enabling alternate revenue streams
Spend on digital Spend on enabling infrastructure new products Engineering and R&D spend to build digital Engineering and R&D Spend to build: infrastructure: • New and connected products such as • Includes spend on digitally modernizing connected cars, wearables, smart ✓ Faster product Digital the product launch and development lighting, etc. development engineering ✓ Enhanced new ✓ Enhanced quality process ( ex. Factory 4.0) • New services such as predictive asset product portfolio spend Recurring revenue checks • Includes spend on new digital maintenance, remote diagnostics, etc. ✓ ✓ Automated production technologies on modern infrastructure streams through lines such as AR/VR andAI subscription models
Enhanced product dev. velocity
s Enhanced product ownership e experience m o c t
u Alternate revenue streams O
Efficient processes & quality control
Zinnov Proprietary Confidential Source: Zinnov Research &Analysis 7 Digital engineering spend is expected to account for 37% of ER&D Spending by 2023
DIGITAL ENGINEERING SPEND 2013 2018 2023E
Spendin USDBillion 1058 1228 1722 37% OF ER&D SPEND BY 2023 159 293 642
Driven by convergence of:
• Technology innovations
• Business model innovations
15% 24% 37% • Growth of Tech giants and start- ups
DIGITAL ENGINEERING SPEND • Vibrant global digital ecosystem GLOBAL ER&D SPEND DIGITAL ENGG % OFER&D
Zinnov Proprietary Confidential Source: Zinnov Z1000 database, Zinnov Research &Analysis 8 8 Across industries, digital engineering will drive future ER&D growth
Digital Engineering Spend Across Industries
2018 2023 USD Billion USD Billion 293 642 Digital engineering spend in USD billion Digital Engineering Spend (2018) Digital Engineering Spend (2023)
Consumer Medical Media & Software & Telecom Automotive Industrial BFSI Retail Healthcare Aerospace Inter2n9et Electronics Devices Technology 18% 6
16% 14% 59 129 29% 41 12% 12% 18% 29% 31 24% 21% 28 8% 22 21 19 21 22 12 11 9 9 11 9 6 4 4 2 3
Digital Engineering Spend by Vertical (in USD Billion)
Zinnov Proprietary Confidential Source: Zinnov Z1000 database, Zinnov Research &Analysis 9 9 North America dominates digital engineering spend, however, China is catching up
Digital Engineering Spend Across Geographies China accounts for 1/3rd of APAC digital engineering spend
Digital Spend NorthAmerica Western Europe
20% APAC North American enterprises accountfor 58% 58% of the digital engineering spend 58% driven by increased R&D spending by 22% Software & Internet firms (Tech Mafia). USD 58 B USD 169 B Top Spenders • AstraZeneca Top Spenders Top Spenders • BMW USD B • Alibaba • Alphabet • Daimler AG 65 Chinese Enterprises • Baidu • Apple • Ericsson • Ctrip • Amazon • Nokia • Honda There are 6 Chinese enterprises • Cisco • Novartis • Huawei 6/10 amongst the top digital engineering • Facebook • RobertBosch • Samsung 10 spenders in the APACregion • IBM • Roche • Tencent • Intel • SAP • Toyota • Volkswagen More than one-thirds of the digital • Microsoft • Zte • Oracle engineering spend in APAC is • NTT accounted for by Chinese • VMware enterprises
X% % of global digital engineering spending
Zinnov Proprietary Confidential Source: Zinnov Z1000 database, Zinnov Research &Analysis 1010 Digital engineering is seen as a means to “Renew the Old” and “Build the New” by R&D spenders
Digital Engineering spend
Modernization of product development process New/Connected Products and Services “RENEW THE OLD” “BUILD THE NEW”
• Robotic automation in plants • Autonomous vehicles • 3D printing for components • Connected vehicles Automotive • Digital PLM • ADAS
Consumer • Digital modernization of product • Connected & smart devices electronics launch/development process • Platformization • Digital tools/feedback for design
• Factory 4.0 and plant automation • Predictive asset maintenance Industrial • Digital Twins • Connected equipment • 3D Printing
• Drug manufacturing and plant automation • Wearables for monitoring Medical devices & • Robotic surgery • Preventive healthcare HLS
• Modernization of product portfolio (Cloud • New products and platform (SaaS, PaaS) engineering) Software & • IoT platforms • Agile and DevOps engineering Internet • AI and ML software • DevOps platforms
• SDN • Digital VAS Telecom & • NFV • Data monetization Networking • RPA Zinnov Proprietary Confidential Source: Zinnov Z1000 database, Zinnov Research &Analysis 11 Large R&D spenders will increasingly leverage the ER&D service provider community to drive transformation through digital engineering
Drivers for digital engineering led deals Share of digital engineering deals
• New products/services 2017 2022 dev. (BUILD THENEW) ✓ Customer Experience led Software Platform deals • Modernization of existing product ✓ Digital Product Development (Connected Asset Digital portfolio (RENEWTHE Management/Predictive maintenance) OLD) 10-15% 25-30% ✓ IoT Platform Engineering and Integration Digital
✓ API Economy
85-90% 70-75% ✓ Legacy migration and modernization Traditional ER&D Traditional ER&D ✓ Operations/Product Support (Analytics, V&V, etc.)
Large R&D spenders are leveraging the ER&D service provider community for transformation. ER&D Spenders have opportunities across: o “Manage the Old” – Product carveouts, IP Partnerships, etc. o “Renew the Old” – Modernization initiatives o “Build the New” – Enabling new products and services
Zinnov Proprietary Confidential Source: Zinnov Z1000 database, Zinnov Research &Analysis 12 ➢ Overall ER&D Ratings
➢ Horizontal Ratings v Design & Simulation engineering v AI and ML engineering v User experience engineering v Platform engineering v Quality Assurance engineering
01 ER&D Services Market Overview ➢ Vertical specific Ratings v Aerospace v Automotive v Computer Peripherals and Storage v Construction & Heavy Machinery v Consumer Electronics v Consumer Software v Enterprise Software v 02 Zinnov Zones ER&D Service provider Ratings 2018 Energy & Utilities v Industrial Automation v Medical devices v Semiconductor v Telecommunication v Transport
ZiZinnovnnov ProprietaryProprietary ConfidentialConfidential 13 Overall ER&D Ratings 2018
Altran HCL TCS HARMAN Alten
Spread Connected Services L&TTS Wipro Capgemini Tech Mahindra Expansive Cyient GlobalLogic QuEST Global Bosch* Tata Technologies Mindtree Tata Elxsi
serviced, Client EPAM Tieto Persistent UST Global eInfochips Sasken Verticals Infogain ITC Infotech of KPITTechnologies # VVDNTechnolo gies Aspire Systems Sonata Software Happiest Minds Niche R Systems Xoriant
Scalability, Scalability, Itransition & Mindteck Scale Scale Emerging Established *Robert Bosch Engineering and Business Solutions Specialization, R&D practice maturity (depth and maturity services), Innovation & IP, Eco-System Linkages, Customer input
ZiZinnovnnov ProprietaryProprietary ConfidentialConfidential Source: Zinnov Research &Analysis 14 ➢ Overall ER&D Ratings
➢ Horizontal Ratings v Design & Simulation engineering v AI and ML engineering v User experience engineering v Platform engineering v Quality Assurance engineering
01 ER&D Services Market Overview ➢ Vertical specific Ratings v Aerospace v Automotive v Computer Peripherals and Storage v Construction & Heavy Machinery v Consumer Electronics v Consumer Software v Enterprise Software v 02 Zinnov Zones ER&D Service provider Ratings 2018 Energy & Utilities v Industrial Automation v Medical devices v Semiconductor v Telecommunication v Transport
ZiZinnovnnov ProprietaryProprietary ConfidentialConfidential 15 Design and Simulation Engineering Ratings 2018
TCS Altran Spread L&TTS Tech Mahindra Alten Wipro Expansive HARMAN Connected Services HCL Capgemini Tata Elxsi QuESTGlobal serviced, Client Tata Technologies Bosch*
Cyient Mindtree
Verticals GlobalLogic KPITTe chnologies of eInfochips # EPAM Happiest Minds Niche UST Tieto Global ITC Infotech Persistent Systems Scalability, Scalability,
& VVDN technologies Scale Scale Emerging Established *Robert Bosch Engineering and Business Solutions Specialization, R&D practice maturity (depth and maturity services), Innovation & IP, Eco-System Linkages, Customer input
Zinnov Proprietary Confiidentiial Source: Zinnov Research &Analysis 16 Artificial Intelligence and Machine Learning Engineering 2018
TCS
Spread Capgemini Wipro Altran EPAM HCL Expansive Alten Tech Mahindra L&T TS GlobalLogic Mindtree HARMAN Persistent Systems Connected Services serviced, Client QuEST Global Bosch* Tata Elxsi Sonata Software
Verticals Happiest Minds KPITTechnologies
of Tieto Sasken # UST Global Cyient Niche ITC Infotech eInfochips e-Zest Scalability, Scalability, & Aspire Systems Scale Scale Emerging Established *Robert Bosch Engineering and Business Solutions Specialization, R&D practice maturity (depth and maturity services), Innovation & IP, Eco-System Linkages, Customer input
Zinnov Proprietary Confiidentiial Source: Zinnov Research &Analysis 17 User Experience Engineering Ratings 2018
Accenture TCS Spread Capgemini Altran HCL Expansive Wipro Tech Mahindra Tata Elxsi EPAM HARMAN Connected Tieto Services serviced, Client Persistent Systems L&T TS GlobalLogic Bosch* Alten Mindtree Verticals
of Cyient
# Tata Technologies KPITTechnologies QuEST Global Happiest Minds ITC Infotech Niche Xoriant UST Global R Systems Infogain Scalability, Scalability,
& e-Zest Itransition Scale Scale Emerging Established *Robert Bosch Engineering and Business Solutions Specialization, R&D practice maturity (depth and maturity services), Innovation & IP, Eco-System Linkages, Customer input
Zinnov Proprietary Confiidentiial Source: Zinnov Research &Analysis 18 Platform Engineering Ratings 2018
TCS Spread HARMAN HCL Connected Wipro Services Expansive L&T TS Capgemini Persistent Systems Altran Alten Tata Elxsi Tech Mahindra EPAM QuEST Bosch* serviced, Client Tata Technologies Global Mindtree GlobalLogic Tieto UST Global Verticals Happiest Minds KPIT
of Infogain # Xoriant ITC eInfochips R Systems Infotech Niche Cyient Aspire Sonata Software
Scalability, Scalability, Systems & Scale Scale Emerging Established *Robert Bosch Engineering and Business Solutions Specialization, R&D practice maturity (depth and maturity services), Innovation & IP, Eco-System Linkages, Customer input
Zinnov Proprietary Confiidentiial Source: Zinnov Research &Analysis 19 Quality Assurance Engineering Ratings 2018
Spread Altran TCS Alten L&T TS Expansive HCL Tech Mahindra Wipro HARM AN Connected MindtreeCapgemini Services serviced, Client Tata Elxsi EPAM Tieto
Bosch* Verticals GlobalLogic Persistent Systems of
# Sonata Software QuEST R Systems Global eInfochips UST Global Niche Itransition Happiest Aspire Systems Minds Cyient ITC
Scalability, Scalability, e-Zest Infotech & Mindteck Scale Scale Emerging Established *Robert Bosch Engineering and Business Solutions Specialization, R&D practice maturity (depth and maturity services), Innovation & IP, Eco-System Linkages, Customer input
Zinnov Proprietary Confiidentiial Source: Zinnov Research &Analysis 1280 ➢ Overall ER&D Ratings
➢ Horizontal Ratings v Design & Simulation engineering v AI and ML engineering v User experience engineering v Platform engineering v Quality Assurance engineering
01 ER&D Services Market Overview ➢ Vertical specific Ratings v Aerospace v Automotive v Computer Peripherals and Storage v Construction & Heavy Machinery v Consumer Electronics v Consumer Software v Enterprise Software v 02 Zinnov Zones ER&D Service provider Ratings 2018 Energy & Utilities v Industrial Automation v Medical devices v Semiconductor v Telecommunication v Transport
ZiZinnovnnov ProprietaryProprietary ConfidentialConfidential 21 Aerospace Ratings 2018
Zinnov Zones – Leading Service Providers High Nurture Zone Breakout Zone Execution Zone Leadership Zone Alten Altran Spread QuEST Global Capgemini HCL Tata Technologies TCSCyient
L&T TS Wipro TechMahindra Verticals serviced, Client - Scalability TataElxsi Sub of #
eInfochips Scalability, &
Low Scale • Capable of performing concept to Go-To- R&D Practice • R&D and PES as a focusarea • On the way into big league, delivering R&D • Capable of delivering complete product Market for the product –Significantinvestment Maturity services effectively, tear down , purpose fit development as a true engineering partner, labs Customer Labs in Lab infrastructure
• Niche capability in one type of PES service • Generic Capability across Engg, Embedded • Niche capability spans across two service • Niche capability across Engineering, Embedded Breadth and Software services (Engineering / Embedded / Software) and Software services and Niche capability in types and at least generic capability level in one area one service type Innovation • Innovation, if at all, in process optimization • Innovation frameworks resulting in tangible • Reusable IP’s built, and benefits quantified • Formal innovation culture, resulting in IP’sand strategic innovations Eco-system • Generic - MoUs with universities and benefit to customers • Alliances with Customers who are Industry Connect alliances • Leadership role in alliances, leverage startups, Leaders • Specific industry alliances, partnerships and Specific academic research, and co-creation membership in Global forums with customers
Zinnov Proprietary Confiidentiial Source: Zinnov Research &Analysis 22 Automotive Ratings 2018
Zinnov Zones – Leading Service Providers High Nurture Zone Breakout Zone Execution Zone Leadership Zone Tata TechnologiesAlten Spread Altran KPIT Wipro Technologies HARMAN TataElxsi HCL Connected Bosch* Services L&T TS Tech Mahindra TCS Mindtree Capgemini Verticals serviced, Client
- VVDN Technologies Scalability QuEST Global
Sub ITC Infotech Itransition Aspire GlobalLogic of Systems EPAM # Tieto eInfochips Sasken SoftDEL UST Global
Scalability, HappiestMinds &
Low Scale • Capable of performing concept to Go-To- R&D Practice • R&D and PES as a focusarea • On the way into big league, delivering R&D • Capable of delivering complete product Market for the product –Significantinvestment Maturity services effectively, tear down , purpose fit development as a true engineering partner, labs Customer Labs in Lab infrastructure
• Niche capability in one type of PES service • Generic Capability across Engg, Embedded • Niche capability spans across two service • Niche capability across Engineering, Embedded Breadth and Software services (Engineering / Embedded / Software) and Software services and Niche capability in types and at least generic capability level in one area one service type Innovation • Innovation, if at all, in process optimization • Innovation frameworks resulting in tangible • Reusable IP’s built, and benefits quantified • Formal innovation culture, resulting in IP’sand strategic innovations Eco-system • Generic - MoUs with universities and benefit to customers • Alliances with Customers who are Industry Connect alliances • Leadership role in alliances, leverage startups, Leaders • Specific industry alliances, partnerships and Specific academic research, and co-creation membership in Global forums with customers *Robert Bosch Engineering and Business Solutions
Zinnov Proprietary Confiidentiial Source: Zinnov Research &Analysis 23 Computer Peripherals and Storage Ratings 2018
Zinnov Zones – Leading Service Providers High Nurture Zone Breakout Zone Execution Zone Leadership Zone TCS Spread
Wipro Capgemini HCL Verticals serviced, Client - QuEST Global HARMAN Connected Scalability Services
of Sub EPAM # UST Global Mindteck Scalability,
& Happiest Minds ITC Infotech Low Scale • Capable of performing concept to Go-To- R&D Practice • R&D and PES as a focus area • On the way into big league, delivering R&D • Capable of delivering complete product Maturity services effectively, tear down , purpose fit development as a true engineering partner, Market for the product –Significant investment labs Customer Labs in Lab infrastructure
• Niche capability across Engineering, Embedded • Niche capability in one type of PES service • Generic Capability across Engg, Embedded • Niche capability spans across two service Breadth and Software services (Engineering / Embedded / Software) and Software services and Niche capability in types and at least generic capability level in one area one service type Innovation • Innovation, if at all, in process optimization • Formal innovation culture, resulting in IP’sand • Innovation frameworks resulting in tangible • Reusable IP’s built, and benefits quantified strategic innovations Eco-system • Generic - MoUs with universities and benefit to customers Connect alliances • Alliances with Customers who are Industry • Leadership role in alliances, leverage startups, • Specific industry alliances, partnerships and Leaders Specific academic research, and co-creation membership in Global forums with customers
Zinnov Proprietary Confidential Source: Zinnov Research & Analysis 24 Construction & Heavy Machinery Ratings 2018
Zinnov Zones – Leading Service Providers High Nurture Zone Breakout Zone Execution Zone Leadership Zone HCL Spread TCS Cyient L&T TS Capgemini Tata Technologies
Wipro Verticals serviced, Client Scalability - EPAM
Sub TechMahindra of #
UST Global Scalability, &
Low Scale • Capable of performing concept to Go-To- R&D Practice • R&D and PES as a focusarea • On the way into big league, delivering R&D • Capable of delivering complete product Market for the product –Significantinvestment Maturity services effectively, tear down , purpose fit development as a true engineering partner, labs Customer Labs in Lab infrastructure
• Niche capability in one type of PES service • Generic Capability across Engg, Embedded • Niche capability spans across two service • Niche capability across Engineering, Embedded Breadth and Software services (Engineering / Embedded / Software) and Software services and Niche capability in types and at least generic capability level in one area one service type Innovation • Innovation, if at all, in process optimization • Innovation frameworks resulting in tangible • Reusable IP’s built, and benefits quantified • Formal innovation culture, resulting in IP’sand strategic innovations Eco-system • Generic - MoUs with universities and benefit to customers • Alliances with Customers who are Industry Connect alliances • Leadership role in alliances, leverage startups, Leaders • Specific industry alliances, partnerships and Specific academic research, and co-creation membership in Global forums with customers
ZiZinnovnnov ProprietaryProprietary ConfidentialConfidential Source: Zinnov Research &Analysis 25 Consumer Electronics Ratings 2018
Zinnov Zones – Leading Service Providers High Nurture Zone Breakout Zone Execution Zone Leadership Zone
Spread TataElxsi HCL
TCS L&T TS Wipro
HARMAN GlobalLogic TechMahindra Connected Services Sasken Verticals serviced, Client - Scalability Mindtree Sub UST Global of # Altran EPAM VVDN eInfochips RSystems Technologies Scalability, SoftDEL & HappiestMinds
Low Scale • Capable of performing concept to Go-To- R&D Practice • R&D and PES as a focusarea • On the way into big league, delivering R&D • Capable of delivering complete product Market for the product –Significantinvestment Maturity services effectively, tear down , purpose fit development as a true engineering partner, labs Customer Labs in Lab infrastructure
• Niche capability in one type of PES service • Generic Capability across Engg, Embedded • Niche capability spans across two service • Niche capability across Engineering, Embedded Breadth and Software services (Engineering / Embedded / Software) and Software services and Niche capability in types and at least generic capability level in one area one service type Innovation • Innovation, if at all, in process optimization • Innovation frameworks resulting in tangible • Reusable IP’s built, and benefits quantified • Formal innovation culture, resulting in IP’sand strategic innovations Eco-system • Generic - MoUs with universities and benefit to customers • Alliances with Customers who are Industry Connect alliances • Leadership role in alliances, leverage startups, Leaders • Specific industry alliances, partnerships and Specific academic research, and co-creation membership in Global forums with customers
Zinnov Proprietary Confiidentiial Source: Zinnov Research &Analysis 26 Consumer Software Ratings 2018
Zinnov Zones – Leading Service Providers High Nurture Zone Breakout Zone Execution Zone Leadership Zone HARMAN
Spread EPAM Connected HCL Services
GlobalLogic Altran Persistent TechMahindra Systems UST Global eInfochips Wipro
Verticals serviced, Client Infogain Scalability - HappiestMinds Sub TO THENEW of Itransition # Aspire QuEST Global Sonata Software Systems ITC Infotech Scalability, &
Low Scale
• Capable of delivering complete product R&D Practice • R&D and PES as a focusarea • On the way into bigleague development as a true engineering partner • Capable of performing concept to Go-To- Market for the product Maturity • Reusable components IP’s built, and • Innovation, if at all, in process optimization • Innovation frameworks resulting in tangible benefits quantified • Formal innovation culture, resulting in IP’s Innovation benefit to customers and strategic innovations
• Large Internet and Consumer ISVs Customer Type • Generic ISVs, Startups • Niche ISVs • Large Internet and Consumer ISVs
Zinnov Proprietary Confiidentiial Source: Zinnov Research &Analysis 27 Enterprise Software Ratings 2018
Zinnov Zones – Leading Service Providers High Nurture Zone Breakout Zone Execution Zone Leadership Zone Accenture
Spread EPAM Wipro
TCS
Mindtree HCL Tech Mahindra Persistent Systems GlobalLogic ITC Infotech Altran HARMAN
Verticals serviced, Client Infogain Scalability - UST Global Connected Sub Sonata Services of Software # QuEST Global Aspire Itransition Systems HappiestMinds R Systems Xoriant
Scalability, e-Zest
& Mindteck
Low Scale
R&D Practice • Capable of delivering complete • Capable of performing concept to Go-To- • R&D and PES as a focusarea • On the way into bigleague Maturity product development as a true Market for the product engineering partner
• Reusable components IP’s built, and • Formal innovation culture, resulting in IP’s Innovation • Innovation, if at all, in process optimization • Innovation frameworks resulting in tangible benefits quantified and strategic innovations benefit to customers
• Large ISVs and Niche ISVs • Worlds Largest ISVs Customer Type • Generic ISVs, Startups • Niche ISVs
Zinnov Proprietary Confiidentiial Source: Zinnov Research &Analysis 28 Energy & Utility Ratings 2018
Zinnov Zones – Leading Service Providers High Nurture Zone Breakout Zone Execution Zone Leadership Zone Altran
Spread Alten TCS Capgemini Cyient QuESTGlobal
L&T TS Wipro EPAM
Verticals serviced, Client HARMAN Connected - TechMahindra Scalability Services Sub of #
UST Global ITC Infotech Scalability,
& HappiestMinds
SoftDEL Low Scale
R&D Practice • R&D and PES as a focusarea • On the way into big league, delivering R&D • Capable of delivering complete product • Capable of performing concept to Go-To- Maturity services effectively, tear down , purpose fit development as a true engineering partner, Market for the product –Significant labs Customer Labs investment in Lab infrastructure
• Niche capability spans across two service Breadth • Niche capability in one type of PES service • Generic Capability across Engg, Embedded • Niche capability across Engineering, (Engineering / Embedded / Software) and Software services and Niche capability in types and at least generic capability level in Embedded and Software services one area one service type Innovation • Innovation, if at all, in process optimization • Formal innovation culture, resulting in IP’s • Innovation frameworks resulting in tangible • Reusable IP’s built, and benefits quantified and strategic innovations Eco-system • Generic - MoUs with universities and benefit to customers Connect alliances • Alliances with Customers who are Industry • Leadership role in alliances, leverage Leaders • Specific industry alliances, partnerships and startups, Specific academic research, and membership in Global forums co-creation with customers
Zinnov Proprietary Confiidentiial Source: Zinnov Research &Analysis 29 Industrial Automation Ratings 2018
Zinnov Zones – Leading Service Providers High Nurture Zone Breakout Zone Execution Zone Leadership Zone Altran
Spread HCL L&T TS
Capgemini TCS HARMAN TechMahindra Connected Services Bosch* Wipro Verticals serviced, Client Scalability - USTGlobal Sub Sasken QuEST
of EPAM Global #
eInfochips HappiestMinds ITC Infotech Scalability,
& SoftDEL
Low Scale
R&D Practice • R&D and PES as a focusarea • On the way into big league, delivering R&D • Capable of delivering complete product • Capable of performing concept to Go-To- Maturity services effectively, tear down , purpose fit development as a true engineering partner, Market for the product –Significant labs Customer Labs investment in Lab infrastructure
• Niche capability spans across two service Breadth • Niche capability in one type of PES service • Generic Capability across Engg, Embedded • Niche capability across Engineering, (Engineering / Embedded / Software) and Software services and Niche capability in types and at least generic capability level in Embedded and Software services one area one service type Innovation • Innovation, if at all, in process optimization • Formal innovation culture, resulting in IP’s • Innovation frameworks resulting in tangible • Reusable IP’s built, and benefits quantified and strategic innovations Eco-system • Generic - MoUs with universities and benefit to customers Connect alliances • Alliances with Customers who are Industry • Leadership role in alliances, leverage Leaders • Specific industry alliances, partnerships and startups, Specific academic research, and membership in Global forums co-creation with customers *Robert Bosch Engineering and Business Solutions
Zinnov Proprietary Confiidentiial Source: Zinnov Research &Analysis 23 60 Medical Devices Ratings 2018
Zinnov Zones – Leading Service Providers High Nurture Zone Breakout Zone Execution Zone Leadership Zone HCL Spread Wipro TCS Capgemini Altran GlobalLogic L&T TS QuEST Global Alten HARMAN Tata Elxsi Connected Verticals serviced, Client
- Services Scalability Mindteck TechMahindra
Sub Itransition EPAM of
# eInfochips Cyient
Happiest UST Global Minds Scalability,
& ITC Infotech
Low Scale
R&D Practice • R&D and PES as a focusarea • On the way into big league, delivering R&D • Capable of delivering complete product • Capable of performing concept to Go-To- Maturity services effectively, tear down , purpose fit development as a true engineering partner, Market for the product –Significant labs Customer Labs investment in Lab infrastructure
• Niche capability spans across two service Breadth • Niche capability in one type of PES service • Generic Capability across Engg, Embedded • Niche capability across Engineering, (Engineering / Embedded / Software) and Software services and Niche capability in types and at least generic capability level in Embedded and Software services one area one service type Innovation • Innovation, if at all, in process optimization • Formal innovation culture, resulting in IP’s • Innovation frameworks resulting in tangible • Reusable IP’s built, and benefits quantified and strategic innovations Eco-system • Generic - MoUs with universities and benefit to customers Connect alliances • Alliances with Customers who are Industry • Leadership role in alliances, leverage Leaders • Specific industry alliances, partnerships and startups, Specific academic research, and membership in Global forums co-creation with customers
Zinnov Proprietary Confiidentiial Source: Zinnov Research &Analysis 23 61 Semiconductor Ratings 2018
Zinnov Zones – Leading Service Providers High Nurture Zone Breakout Zone Execution Zone Leadership Zone Altran Spread HCL
HARMAN Connected Wipro Services TCS
Sasken L&T TS VVDN eInfochips Verticals serviced, Client
- Technologies TataElxsi UST Scalability Mindtree Global Sub of # HappiestMinds Cyient GlobalLogic Cerium ITC Infotech System Scalability, &
Low Scale • Capable of performing concept to Go-To- R&D Practice • R&D and PES as a focusarea • On the way into big league, delivering R&D • Capable of delivering complete product Market for the product –Significantinvestment Maturity services effectively, tear down , purpose fit development as a true engineering partner, labs Customer Labs in Lab infrastructure
• Niche capability in one type of PES service • Generic Capability across Engg, Embedded • Niche capability spans across two service • Niche capability across Engineering, Embedded Breadth and Software services (Engineering / Embedded / Software) and Software services and Niche capability in types and at least generic capability level in one area one service type Innovation • Innovation, if at all, in process optimization • Innovation frameworks resulting in tangible • Reusable IP’s built, and benefits quantified • Formal innovation culture, resulting in IP’sand strategic innovations Eco-system • Generic - MoUs with universities and benefit to customers • Alliances with Customers who are Industry Connect alliances • Leadership role in alliances, leverage startups, Leaders • Specific industry alliances, partnerships and Specific academic research, andco-creation membership in Global forums withcustomers
Zinnov Proprietary Confiidentiial Source: Zinnov Research &Analysis 32 Telecommunication Ratings 2018
Zinnov Zones – Leading Service Providers High Nurture Zone Breakout Zone Execution Zone Leadership Zone HCL Wipro
Altran L&T TS HARMAN TCS Connected Services Alten Tech Mahindra Tieto Verticals serviced, Client Spread Client serviced, Verticals
- Mindtree Scalability GlobalLogic Tata Elxsi UST Global # of Sub ,
Happiest Minds R Systems
EPAM
Low Scalability & Scale
R&D Practice • R&D and PES as a focus area • On the way into big league, delivering R&D • Capable of delivering complete product • Capable of performing concept to Go-To- Maturity services effectively, tear down , purpose fit development as a true engineering partner, Market for the product –Significant labs Customer Labs investment in Lab infrastructure
Breadth • Niche capability in one type of PES service • Generic Capability across Engg, Embedded • Niche capability spans across two service • Niche capability across Engineering, (Engineering / Embedded / Software) and Software services and Niche capability in types and at least generic capability level in Embedded and Software services one area one service type Innovation • Innovation, if at all, in process optimization • Formal innovation culture, resulting in IP’s • Innovation frameworks resulting in tangible • Reusable IP’s built, and benefits quantified and strategic innovations Eco-system • Generic - MoUs with universities and benefit to customers Connect alliances • Alliances with Customers who are Industry • Leadership role in alliances, leverage • Specific industry alliances, partnerships and Leaders startups, Specific academic research, and membership in Global forums co-creation with customers
Zinnov Proprietary Confidential Source: Zinnov Research & Analysis 33 Transport Ratings 2018
Zinnov Zones – Leading Service Providers High Nurture Zone Breakout Zone Execution Zone LeadershipZone
Spread Cyient TechMahindra Alten Altran
QuEST Global TCS HCL L&T TS Verticals serviced, Client - Scalability TataElxsi Sub of
# UST Global Wipro Bosch* EPAM Scalability, &
HappiestMinds Low Scale
R&D Practice • R&D and PES as a focusarea • On the way into big league, delivering R&D • Capable of delivering complete product • Capable of performing concept to Go-To- Maturity services effectively, tear down , purpose fit development as a true engineering partner, Market for the product –Significant labs Customer Labs investment in Lab infrastructure
• Niche capability spans across two service Breadth • Niche capability in one type of PES service • Generic Capability across Engg, Embedded • Niche capability across Engineering, (Engineering / Embedded / Software) and Software services and Niche capability in types and at least generic capability level in Embedded and Software services one area one service type Innovation • Innovation, if at all, in process optimization • Formal innovation culture, resulting in IP’s • Innovation frameworks resulting in tangible • Reusable IP’s built, and benefits quantified and strategic innovations Eco-system • Generic - MoUs with universities and benefit to customers Connect alliances • Alliances with Customers who are Industry • Leadership role in alliances, leverage Leaders • Specific industry alliances, partnerships and startups, Specific academic research, and membership in Global forums co-creation with customers *Robert Bosch Engineering and Business Solutions
ZiZinnovnnov ProprietaryProprietary ConfidentialConfidential Source: Zinnov Research &Analysis 34 ZiZinnovnnov ProprietaryProprietary ConfidentialConfidential 35