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Prabhudas Lilladher Report
Engineering, research and development deal wins picked up aggressively since last month on account of pickup in discretionary spends.
Indian IT players have won a number of large ER&D deals in last couple of months. We believe drivers for large ER&D deals are:
- Building a digital core for large enterprises,
- Carving out legacy products for software companies and enterprises and
- Internet of things managed services related opportunities.
Engineering is a core function in services led verticals that will account for one fifths of digital engineering spend by 2025.
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