HCLTech has been recognized as a Leader in the inaugural edition of Everest Group’s Digital Product Engineering Services PEAK Matrix®Assessment 2022. For this study, Everest Group evaluated 30 engineering service providers across the globe on two broad parameters – Vision & Capability (measures ability to deliver services successfully) and Market Impact (measures impact created in the market). HCLTech has secured a leadership position based on both parameters showcasing strong technical capability backed by rich digital talent pool.
Key HCLTech strengths highlighted in the report:
- High business flexibility and diversified talent pool with competency across multiple domains.
- Clients appreciate HCLTech’s talent management strategy which focuses on hiring, retaining and upskilling digital talent with the right skill set and domain expertize.
- Consistent investments in establishing state of the art labs, testing facilities, COE’s and IP’s have boosted capabilities in areas like cybersecurity, 5G, hardware engineering, semiconductor testing, simulation and AI.
- Multiple acquisitions enabled HCLTech to create differentiation in the market by expanding capabilities in areas like chip and design services, IoT, embedded systems and data engineering.
According to Akshat Vaid, Vice President, Engineering Services, Everest Group “HCLTech has emerged as a Leader in Everest Group’s Digital Product Engineering Services PEAK Matrix® Assessment 2022. HCLTech focuses on three key areas in alignment with this market – investment into CoEs and IPs, upskilling talent in digital technologies at scale, and forming strategic partnerships with chip vendors and software firms. Additionally, its inorganic investments to expand capabilities in areas such as chip and design services, embedded systems, IoT, and data engineering have helped it strengthen its market position. Clients appreciate its talent management practices and high flexibility during engagements.”
To know more, download this report.