Yesterday, we launched The Forrester Wave™: Software Modernization And Migration Companies, Q1 2024. We seemed on the prime 15 distributors out there and evaluated them throughout 25 standards. Demand for help continues to propel curiosity in modernization and migration providers, as the main target continues to shift towards the previous on the expense of the latter. Whereas “transfer, then enhance” continues to be a viable strategy, most enterprises notice that the actual enterprise worth is derived from modernization as a option to scale back technical debt and open a path to the longer term.
The market is on the verge of dramatic change with the arrival of generative AI (genAI), which guarantees to remodel the character of modernization and migration providers within the years forward as AI will get embedded in accelerators and genAI helps supercharge productiveness. Some might count on modernization efforts to return with built-in standardized intelligence. Though ambitions loom giant, established use instances are solely now firming up and case historical past examples stay few.
There are six Leaders in in the present day’s market: Tata Consultancy Companies, Accenture, Infosys, IBM, Capgemini, and Wipro. We discovered that Leaders differentiate themselves by having the ability to:
- Mix the power to ship options at scale with a robust differentiated imaginative and prescient for modernization and migration providers. Whereas scale will be measured, a differentiated imaginative and prescient should conform with the client’s journey.
- Show the confirmed capacity to spend money on rising applied sciences, together with genAI. Will this attribute reorder the Leaders of tomorrow? Time will inform.
- Be conversant with superior teaming fashions and different aspects of contemporary software program supply, together with platform-based — versus factory-based — approaches. Furthermore, pricing fashions are evolving as these team-based constructions are tailored to product-oriented supply.
One other 5 distributors — HCLTech, EPAM, NTT DATA, Deloitte, Cognizant, and EY — are Sturdy Performers, and Eviden, Tech Mahindra, and PwC are Contenders.
With the dangers of perpetuating technical debt now evident via safety breaches, ransomware assaults, and extremely embarrassing software program failures (all at an all-time excessive), now’s the time to think about acquiring help within the type of software modernization and migration service suppliers. If you wish to benchmark your present accomplice towards the present industry-leading suppliers, or are on the lookout for a brand new accomplice, this Forrester Wave is one of the best start line.
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