CLOUD COMPUTING
Cloud computing is experiencing remarkable transformations. Organizations are embracing hybrid and multi-cloud environments that combine public and private clouds, moving away from one-size-fits-all solutions. However, navigating the complexities of multi-cloud environments poses challenges to adoption, prompting the need for solutions that genuinely streamline management. At the same time, serverless computing continues to gain traction, marked by its cost-efficiency, scalability, and focus on application logic without server infrastructure management. Gartner forecasts spending on public cloud services to grow by 20.4% to USD 678.8 Billion in 2024 from USD 563.6 Billion in 2023.
USD 678.8 Billion
WORLDWIDE END-USER SPENDING ON PUBLIC CLOUD SERVICES IN 2024 (FORECASTED)
RESPONSE
LTIMindtree's cloud transformation platform offers unparalleled speed, scalability, and performance. Leveraging our accelerators, intelligent assets, and extensive domain expertise across industries, we have established a centralized knowledge hub that continuously evolves through learning. Our Cloud Advisory service takes full responsibility for our clients' cloud modernization platforms, seamlessly integrating essential elements across the entire cloud lifecycle, from strategy to operations.
THE PATH OF ADAPTIVE AI IN DIVERSE SECTORS
In the ever-evolving intersection of business and technology, the integration of artificial intelligence (AI) has become a transformative force. The concept of adaptive AI offers unprecedented capabilities to navigate complexities. Unlike static AI models, adaptive AI possesses the agility and flexibility to continually enhance its performance, adapt to dynamic conditions, and furnish actionable insights in real time. Furthermore, the versatility of adaptive AI transcends industry boundaries, finding applications across diverse sectors such as finance, healthcare, retail, manufacturing, and more. As adaptive AI continues to evolve and proliferate, it promises to reshape industries and redefine business agility on a global scale.
RESPONSE
At LTIMindtree, our frugal solutions form the cornerstone of developing, integrating, and managing AI and analytics solutions tailored to an enterprise's unique business and market objectives. We offer consulting expertise to expedite and optimize your transition into the AI and analytics realm.
SUSTAINABILITY SOLUTIONS
The Green Technology and Sustainability Market is projected to witness a substantial surge, climbing from USD 19.83 Billion in 2024 to USD 83.59 Billion by 2032 globally, with a robust 19.7 percent CAGR, as reported by Fortune Business Insights. This growth is propelled by a combination of factors including supportive government regulations, significant investments in research and development, rising consumer demand for eco-friendly products, corporate sustainability initiatives, and global collaboration to combat climate change. Technologies like artificial intelligence and machine learning are optimizing energy consumption and crafting sustainable solutions. Additionally, the adoption of carbon pricing mechanisms and emissions trading schemes is poised to incentivize businesses to reduce carbon emissions, with digital technologies facilitating monitoring and reporting.
USD 19.83 Billion
SIZE OF THE GLOBAL GREEN TECHNOLOGY AND SUSTAINABILITY MARKET IN 2024, ESTIMATED TO GROW TO USD 83.59 BILLION BY 2032
RESPONSE
Recognizing the increasing importance of ESG initiatives, we emphasize the necessity for a holistic sustainability strategy. LTI Mindtree's ESG Solutions, powered by ServiceNow and the NXT platform, efficiently address this imperative by integrating data collection from multiple systems. These solutions enable real-time tracking, analysis, and reporting of ESG performance, offering customization to suit specific business requirements.
CYBERSECURITY
The global cybersecurity industry is on an upward trajectory, with revenues projected to reach a staggering USD 183.10 Billion by 2024, as forecasted by Statista. Cyber resilience emerges as a vital strategy, encompassing readiness, agility, and rapid recovery capabilities to withstand the escalating tide of cyber threats. Proactive planning and trend analysis play a pivotal role in anticipating and mitigating potential cybersecurity risks, ensuring businesses stay ahead of emerging threats. In tandem with this growth, worldwide IT spending is forecasted to soar to USD 5.1 Trillion in 2024, marking a substantial 8% increase from the previous year. Notably, global security and risk management spending by end-users is expected to surge from USD 188.1 Billion in 2023 to USD 215 Billion in 2024, indicating a 14.3% Y-o-Y increase.
USD 208.8 Billion
THE GLOBAL CYBERSECURITY INDUSTRY MARKET
RESPONSE
At LTIMindtree, our focus is on adopting a customer-centric methodology to develop cybersecurity solutions, aimed at empowering our clients to establish resilient enterprises. We provide enterprise cybersecurity solutions built on platforms that are proactive, prescriptive, and cognitively autonomous.
DIGITAL ENGINEERING SERVICES
In 2024, a plethora of trends in Digital Engineering are poised to revolutionize technology and innovation. Leading the charge is Platform Engineering, which integrates various technologies into a unified ecosystem, while Cloud-Native solutions dominate the landscape with unparalleled scalability. Gen AI is at the forefront of merging Artificial Intelligence (AI) with human intuition, pioneering new realms in decision-making. Concurrently, the adoption of Microservices and Containerization is surging for Agile development, and Edge Computing is pushing boundaries by minimizing latency. These key trends underscore the dynamic nature of the digital engineering field, signalling towards an era of fortified organizational resilience.
RESPONSE
At LTIMindtree, we specialize in guiding organizations through Application Migration and Modernization, aligning legacy applications with evolving business needs through cloud technology. Our Outsourced Product Development and Engineering services help turnkey offerings into market-ready products, driving reimagined experiences and new revenue streams. Additionally, our Platform Modernization and Engineering expertise ensures streamlined systems and data stores, empowering businesses with the agility needed to thrive in the dynamic digital landscape.