HCLTech has been rated a Leader in the Everest Group's Connected Product Engineering Services PEAK Matrix® Assessment 2024. In this comprehensive study, 21 engineering service providers were evaluated around the globe. 

According to Everest Group, Leaders have developed dominant capabilities in offering multi-disciplinary connected product engineering services across engineering and design, embedded engineering and connected platform engineering. Their extensive global presence and investments in next-gen technologies enable them to achieve the right balance of client proximity and cost efficiencies in managing large-scale engagements.

"HCLTech has emerged as a Leader in Everest Group's Connected Product Engineering Services PEAK Matrix® Assessment 2024. The company has developed strong capabilities around semiconductor engineering, embedded engineering, platform engineering, 5G, sustainability, AI, and generative AI. It continues to drive growth via investments in labs, talent, IPs, partnerships, and strategic acquisitions," says Nishant Udupa, Practice Director at Everest Group.

“Clients appreciate HCLTech for its technical expertise, ability to bring innovative ideas to engagements, and end-to-end offerings across the value chain of connected product engineering services."

Key highlights of the excerpt:

• HCLTech has end-to-end service offerings across the value chain of connected product engineering services.
• The firm has a balanced presence across all major geographies and across the connected product value chain, enabling diversification and resilience during economic downturns.
• It has a comprehensive partner ecosystem and has invested in building its connected product engineering competencies through an extensive suite of IP, labs and strategic acquisitions, enhancing its connected mobility capabilities.
• HCLTech has been proactive in developing verticalized solutions as well as IP across pertinent themes, including engineering and design, embedded engineering and connected platform engineering.
• HCLTech has made significant investments in generative AI (POCs), data-driven accelerators, value-driven frameworks and AI-infused offerings to further boost its capabilities around connected product engineering services.
• Clients appreciate HCLTech for its technical expertise (especially across connected product development and testing), ability to bring innovative ideas/approaches (leveraging IP and accelerators) to engagements, and effective attrition management practices.
• The firm actively leverages emerging deal constructs such as product carveouts and has developed dedicated services / IP solutions tailored for private equity firms; it also makes significant use of innovative pricing models such as revenue sharing, risk-reward, and outcome-based pricing.

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