In the evolving field of product engineering, software remains the largest expense. Despite economic challenges such as global conflicts and recessions, alongside a shortage of skilled workers impeding growth, there are key trends driving progress. Among them include the migration towards platform-based business models, enhancing secure products through AI and generative AI, emphasising sustainability, and improving customer and developer experiences.
As such, the expectations of businesses from service providers are shifting. Enterprises now seek not just engineering expertise, but strategic partners capable of delivering simultaneous cost savings, speed, and innovation. In line with this changing demand, the global strategy consulting firm Everest Group has issued the fifth edition of its Software Product Engineering Services 2024 PEAK Matrix, which evaluates service providers and outlines key players and their capabilities.
GlobalLogic, a company belonging to the Hitachi Group, has announced its standing as an industry leader in the Everest Group's assessment. The acclaim recognises the company's commitment to innovation and excellence as it delivers intelligent digital software engineering solutions to a global client base. Speaking on this recognition, Sumit Sood, Chief Operating Officer and Head of Engineering at GlobalLogic, said, "This acknowledgment by Everest group is a recognition of our track record and continued ability to deliver high-quality innovative products and solutions that drive business growth for our clients."
The Software Product Engineering PEAK Matrix conducts an exhaustive evaluation of software engineering service providers, showing their overall and vertical-specific capabilities. GlobalLogic has been commended for its skills in aiding customers in designing new digital experiences, engineering superior digital products, building digital service platforms, and creating new revenue streams. Sood further highlighted GlobalLogic's "ability to deliver high-quality intelligent digital engineering tailored to meet the unique and complex needs of our global customer base across industries."
As one of the fastest-growing software product engineering services firms, GlobalLogic's growth is driven by its comprehensive services, well-distributed portfolio across verticals, and focus on talent improvement. Inorganic growth strategies, such as acquisitions of Hexacta, Fortech, Sidero, Katzion, and Mobiveil, have also increased its delivery footprint and competencies. This, along with the company's software engineering expertise, flexibility, and high project ownership, led to GlobalLogic emerging as a leader in Everest Group's Software Product Engineering Services PEAK Matrix Assessment 2024, according to Mayank Maria, Vice President at Everest Group.
GlobalLogic's leadership position affirms the expertise it provides in integrating design experience, complex engineering and data expertise. The company's 'people-first culture', which emphasises engaging work, continuous learning and flexibility, translates into client partnerships, helping them accelerate the creation of transformative solutions which can change the game and improve lives.
