Imagine this- you are in your boardroom meeting. You are discussing the future of your business. Suddenly someone asks you a question– “Are you leveraging the latest technologies to push your company into the future?” As we step into 2024, the tech landscape is becoming all about innovation. But if you still haven’t tuned into the emerging players, you might already be falling behind.
Welcome to the world where technology evolves at the speed of your thought. Thanks to the emerging tech companies that are leaving no stone unturned to help us advance faster than ever. According to a recent study, by 2023, about 70% of enterprises around the world will utilize some kind of AI coupled with other emerging technologies. Therefore, staying ahead of the curve in this era is not merely an option but a necessity.
Businesses that adopt cutting-edge technologies experience an increase in productivity and a reduction in operational costs. Where digital solutions are the new trend, emerging technologies persist to influence how enterprises run across the globe. And we are sure that you want to make your company a part of this world too. And this is where emerging technology companies come into play.
Did this ever cross your mind which companies are set to redefine the technology game in 2024? We are not talking only about the giants that everyone knows. We are also talking about the underdogs who are making their way into the future with innovation. Prepare yourselves as in this blog we’ll introduce you to the top emerging tech companies in India that are on their way to making waves in 2024.
But before that, let’s understand what emerging technology is.
Understanding Emerging Technology
Emerging technology is basically a term used to define new technology. It can also mean the ongoing development of a technology that already exists. The definition may vary with its use in different areas. But what remains common is that these are the technologies currently under development. And they are expected to be accessible and widely used in the coming 5 to 10 years. These emerging technology solutions are predicted to make significant social as well as economic impacts.
Now we are moving on to the top 10 emerging technologies of 2023.
Top 10 Emerging Technologies in Context to IT Sector
According to Forbes, there are top 10 tech trends that we must look out for. Here are the technologies that have the potential to reshape industries and leave a mark on the society and business landscape.
1- Generative AI
Generative AI allows you to create content such as images, texts, or music by learning patterns from existing data and generating autonomous outputs.
2- Metaverse
Metaverse is a set of shared virtual spaces. It combines augmented reality, virtual reality, and the internet. It allows users to interact with each as well as the environment in real-time.
3- Blockchain technology
Blockchain development technology is a decentralized and distributed digital ledger or a database. It securely records transactions across a network of computers ensuring transparency, immutability, and resistance to tampering.
4- Spatial omics
Spatial omics is a term that broadly represents molecular technologies developed for the analysis of biological molecules.
5- Quantum computing
Quantum computing is a fast-evolving technology that leverages the laws of quantum mechanics to provide solutions to problems that are too complex for traditional computers.
6- Robotic Process Automation (RPA)
Robotic process automation is a software technology that uses robots to automate routine tasks in business processes. It creates, deploys, and manages software robots to perform human actions by interacting with digital systems and software.
7- Sustainable technology
Sustainable technology refers to the development and use of technological solutions that minimize environmental impact. It promotes social responsibility and contributes to long-term economic viability. Also, it addresses present needs without compromising future generations.
8- Digital twins
Digital twins and 3D printing are innovative technologies with synergies. Digital twins can assist organizations in simulating real situations plus their outcomes helping them to make informed decisions.
9- 3D printing
A digital twin is a virtual replica of a physical object, system, or product. While, 3D printing, also known as additive manufacturing, creates 3D objects layer by layer from their digital 3D models.
10- Internet of Things
IoT, or the Internet of Things, refers to the network of interconnected devices embedded through sensors, software, and connectivity. It enables the exchange of data between devices and clouds.
Are you planning to leverage the power of any of these technologies for your business? Then you are in the right place because now we’ll tell you about the emerging tech companies of India that are harnessing the potential of these emerging technologies. Without any further adieu, let’s get started with the countdown.
Top Emerging Tech Companies in India
India is a buzzing hub for technological innovation. It is turning into a hotbed for new tech companies that have the potential to reshape industries on a global level. These enterprises are not only embracing but also driving the change.
After a thorough evaluation of the enterprises on various criteria, we’ve listed down the top tech companies of 2023 in India. Let’s take a closer look at these companies which are set to redefine the tech landscape.
1- OrangeMantra
With 20+ years of experience, OrangeMantra is pioneering the digital transformation space. They have made their place as a leader in delivering innovative solutions. Their service offering of emerging tech includes AR and VR application development, AI development solutions, IoT development services, Metaverse development services, data center digital transformation, and more. OrangeMantra is renowned as a digital transformation company for its high-grade solutions using the technology. Additionally, they focus on propelling the client into the future with their tech expertise.
- Clients- Their clientele includes big names such as IKEA, PVR, Hero, Panasonic, Decathlon, Nestle, BCG, JK Cement, and more.
- Clutch Rating: 4.9
- Founded: 2001
- Headquarters: Gurugram, Haryana
- Employees: 500+
- Revenue: $18.3 Million
- Tech stack: MongoDB, Swift AI, Eclipse IoT, Unity 3D, DCImanager, Google Cloud and more
2- Tata Consultancy Services (TCS)
TCS is an IT giant and a global leader when we talk about IT services and consulting. They are known for bringing transformation with their business solutions by leveraging emerging tech. They hold expertise in IoT development solutions, cloud solutions, and more. In addition, they are revolutionizing industries through connectivity with 5G enterprise services. TCS continues to be the powerhouse for shaping the digital future.
Clients: Their clientele not only includes startups but also Fortune 500 companies to government partnerships like Halfords Group, Deutsche Bank, Virgin Atlantic, Rabobank, Whitelane Research, NMBS, Kingfisher, TravelPort, Woolworths, Morrisons, Marks & Spencer, Colruyt, DigiGOV, IFFCO, Zee Media Corporation, Wiley and more.
- Clutch Rating: 5.0
- Founded: 1968
- Headquarters: Mumbai, Maharashtra
- Employees: 615K
- Revenue: $27.9B
3- Wipro
Tech excellence is Wipro’s second name. With a diverse portfolio and offerings, Wipro is at the forefront of the digital transformation of business around the world. They are all about cloud-led and AI-driven innovation. Plus, Wipro is the leader in providing Digital Operations and Platforms (DOP). They combine their expertise with emerging technologies like robotics process automation (RPA), cognitive technologies, and analytics. Wipro’s ai360 is helping enterprises explore the true potential of AI for businesses.
Clients- Wipro’s clientele comprises The Boeing Company, Thames Water, HSBC, IDC, Citi, Forrester, Barclays, Everest Group, Airtel, Kellogg’s, BHEL, Sydney Water, MetLife, and many more.
- Clutch Rating: 4.5
- Founded: 1945
- Headquarters: Bengaluru, Karnataka
- Employees: 245K
- Revenue: $11.3B
4- Infosys
One of the top emerging tech companies in India is none other than Infosys. They are the global leaders in IT services and consulting. Infosys Topaz is an offering that combines the capabilities of AI, data analytics, and cloud to accelerate business growth. They are building sustainable ecosystems and business networks across industries using blockchain. They are unlocking new possibilities for enterprises with Generative AI, advanced analytics, and cloud foundation.
Clients: Infosys has catered to Pfizer, Kellogg Company, Siemens Mines, Belgian Post Group, Maini Group, The Hershey Company, Old National Bank, Cummins, French Tennis Federation, Aimia, Mondelēz International, Honda, Sony Mobile Communications, Cisco- Brazil, and many more.
- Clutch Rating: 5.0
- Founded: 1981
- Headquarters: Bengaluru, Karnataka
- Employees: 328K+
- Revenue: $18.55B
5- Tech Mahindra
Spanning various industries, Tech Mahindra is assisting businesses to thrive in the digital world. They are helping enterprises identify AI opportunities and incorporate them in almost every aspect of the business. With their AI platforms and solutions, they are helping businesses amplify. Tech Mahindra’s intelligent automation enhances the efficiency of business processes. For the commitment to sustainability, besides AI, they are leveraging technologies like IoT and Data center management to reduce the carbon footprint.
Clients: Tech Mahindra has helped businesses across the globe including, Exxaro Resources, Husqvarna Motorcycles, MIT, Global Leadership Cadre, Box Inc., CanSupport, TalkTalk Telecom Group, Philips, ABS-CBN, Vodafone Hutchison Australia, Abu Dhabi Municipality.
- Clutch Rating: 4.8
- Founded: 1986
- Headquarters: Pune, Maharashtra
- Employees: 148K+
- Revenue: $6.5 B+
6- HCL Technologies (HCLTech)
HCL is rewriting the rules of Business Process Management (BPM). Together with enhancing efficiency through Robotic Process Automation (RPA). And all of this is for intelligent automation and integration to digitally transform businesses. They are also simplifying IT and their business operation with the help of AI and Cloud. The emerging tech offerings include 5G engineering and digital twin services. HCL’s IoT services are all about connecting. Connecting users, products, infrastructure, and operations.
Clients: HCL has delivered solutions to the likes of The Boeing Company, CA Inc., Merck & Co., Autodesk, Cemex, Neoris, ODP Corporation, Mattel, Deutsche Bank, Cricket Australia, Microsoft, Ulta Beauty, Stanley Black & Decker, Fonterra, Hitachi ABB Power Grids, Coles Group, Uber, The Johns Hopkins University
- Clutch Rating: 4.9
- Founded: 1976
- Headquarters: Noida, Uttar Pradesh
- Employees: 225k+
- Revenue: $12.6 B
7- Genpact – AI and Analytics Solutions
Genpact has made its name due to its commitment to delivering innovative solutions. This AI development company has a good number of talented IoT and AI and ML developers as well. Their AI solutions include Natural Language Processing (NLP), AI-powered mobile and web apps, Predictive analysis, deep learning, chatbots, generative AI, and more. The same is true of their range of blockchain development services.
Clients: DRR Rescue, Mintage Media, Byju’s, Highland Planning, Investii, Inc, Vestigo Health Solutions, Alorica, Ajman Bank, Hubble
- Clutch Rating: 4.8
- Founded: 1997
- Headquarters: New York, United States
- Employees: 118990
- Revenue: $437 crores
8- LTIMindtree
Mindtree was acquired by Larsen & Toubro in 2019. In 2022 it was merged with l&T Infotech. Now known as LTIMindtree follows the mantra of Future, Faster, Together. They are always supplying new ideas to enterprise applications with the potential of emerging technologies. They are using applied AI for data and analytics. To tackle real-world challenges, they are helping businesses adopt intelligent automation. They offer blockchain-integrated services to converge those with technologies like AI and ML, IoT, RPA, and AR and VR in the existing enterprise systems.
Clients: Some of LTIMindtree’s clients are Oracle, Hoist Finance, Cello, Maersk Drilling, Vantage India, Portland General Electric, Hitachi, Fitch Ratings, Samsung, Nexant, BIC, and many more.
- Clutch Rating: 5.0
- Established: 1999
- Headquarters: Bengaluru, Karnataka
- Employees: 83K+
- Revenue: $4B+
Final Thoughts
The emerging tech companies mentioned above are the leaders of India’s tech revolution. Each of them is contributing to the ever-evolving digital landscape in its own unique way. So, if you are looking for AI Development companies in India then these players should be on your list as well. With them, you never know if the next breakthrough tech solution is just a decision away.
However, which new tech company to choose completely depends on your business requirements. Be clear about your objectives and thoroughly evaluate these companies. Choose the one that is in sync with your business goals.
Whether you are a startup on the lookout to become the next big thing or a well-established enterprise, this blog was meant for you both. Pick yourself a competent emerging tech company from India and begin your success journey through innovation.
