IT Service Provider of the Year
January 2018 WHAT ARE THE PEAK MATRIX SERVICE PROVIDER OF THE YEAR™ AWARDS FOR IT SERVICES? I , E erest Group pu lished 4 PEAK Matri ™ IT ser i es e aluatio s featuri g ser i e pro iders a ross all evaluations. To recognize consistent top performers across PEAK Matrix assessments, we publish the PEAK Matrix Service Provider of the Year Awards. This is the third edition of the PEAK Matrix Service Provider of the Year Awards.
WHY THE PEAK MATRIX SERVICE PROVIDER OF THE YEAR™ AWARDS? Everest Group PEAK Matrix evaluations are a valuable resource for IT services buyers to evaluate, compare, and contrast key service providers in the global services space. These assessments offer service provider selection guidance, as ell as ua ed i sights i to these pro iders’ strategies for ke usi ess li es, geographies, a d te h ologies. While there are service providers that feature as Star Performers, Leaders, Major Contenders, or Aspirants on individual evaluation categories, there are some that exhibit consistent leadership and top performance across a differe t ategories. As toda ’s e terprises a igate the o ple la ds ape of e t-generation and legacy technologies, a global business footprint and a complex provider portfolio, the PEAK Matrix Service Provider of the Year Awards help them to identify the best of the best – service providers with strong broad-based capabilities and successful services strategies that align well with the evolving enterprise IT demand.
HOW ARE THE PEAK MATRIX SERVICE PROVIDER OF THE YEAR™ AWARDS EVALUATED? We use the following evaluation criteria to determine the Service Provider of the Year Awards: ITS Top 20 list: We create the list using a consolidated score reflecting points received on individual evaluations based on tiered scores for Star Performer, Leader, Major Contender, and Aspirant positions I di idual ategor a ards: We ase these a ards o the ou t of Leader or Star Perfor er positio s a ross the category evaluated Top halle gers: We reate this list usi g the sa e ethodolog as the ITS Top list. This list re og izes the top 10 service providers with annual revenue of less than US$2 billion
NEW FEATURE IN THIS EDITION WHAT ARE CHALLENGERS? Some service providers with annual revenues of less than US$2 billion are positioning themselves as challengers to leading players and credible alternatives for enterprises by focusing on specific solution segments, geographies, and/or industries. In an effort to recognize these providers, we are introducing a new category, Challengers. This year, we honor the top 10 Challengers.
Additional information about PEAK Matrix evaluations and categories is available here. 2 In 2017, Everest Group evaluated the following 24 segments using the PEAK Matrix methodology. We have determined the PEAK Matrix Service Provider of the Year Awards based on consistent performance across these segments.
Healthcare & Life Sciences (HLS)
Healthcare LS IT Healthcare Payer IT Application Provider IT Healthcare LS Clinical Consulting Services and R&D Services Services IT Services
$
Banking, Financial Services, and Insurance (BFSI)
Life & Digital Digital Capital Services Pensions Property Insurance Risk and Services in Digital Markets in Wealth Insurance & Casualty Banking AO Regulatory Consumer Services AO Management AO Insurance AO Compliance Banking in P&C AO AS in BFS Insurance
Cloud & Infrastructure Services (CIS)
Cloud Workplace Enablement Services IT Services IT Security Infrastructure Services Automation
Application Services (AS)
Automation Application in IT Modernization Workday Application Independent Services HCM IT Dev-test Testing Services Services
Digital Services (DS)
IoT Services Digital Services
3 PEAK Matrix Service Provider of the Year: ITS Top 20
Up Down No Change New to the list Star Leader Star Major Contender Aspirants Leader Major Contender Rank in Rank in 2017 2018 Accenture 1 1 TCS 4 2 Cognizant 2 3 Wipro 5 4 IBM 3 5 HCL 6 6 Infosys 9 7 Capgemini 7 8 DXC Technologies - 9 NTT DATA 20 10 Atos 10 11 Tech Mahindra 14 12 LTI 16 13 Virtusa 15 14 CGI 12 15 Syntel 17 16 Mphasis - 17 Hexaware 18 18 EPAM 19 19 Genpact - 20
Note: Star Performers denote the service providers with the greatest positive relative year-on-year movement on the PEAK Matrix 4 PEAK Matrix Service Provider of the Year 2018: Top Leaders and Star Performers
Leader(s) Overall IT Star Performer(s) of the year Services of the year
Healthcare & Life Sciences
Banking, Financial Services, and Insurance
Cloud & Infrastructure Services
Application Services
Digital Services
5 PEAK Matrix Service Provider of the Year Awards 2018: Key highlights
ITS Top 20 – 2018 ITS Top 20 – 2017
Accenture Accenture TCS Cognizant Cognizant IBM Wipro TCS IBM Wipro HCL HCL Infosys Capgemini Capgemini CSC DXC Technologies Infosys NTT DATA Atos Atos NTT DATA Services Tech Mahindra CGI LTI Hewlett Packard Enterprise Virtusa Tech Mahindra CGI VirtusaPolaris Syntel LTI Mphasis Syntel Hexaware Hexaware EPAM EPAM Genpact NTT DATA
Top of the leaderboard: Accenture retains its position at the top of the leaderboard
New runners up: TCS moves up to second place (from fourth), leapfrogging, Cognizant and IBM
Moving up the ladder: Apart from TCS, seven other service providers improved their rankings in the 2018 PEAK Matrix Service Provider of the Year Awards – Wipro move from 5 to 4 – Infosys moved from 9 to 7 – NTT Data moved from 20 to 10 – Tech Mahindra moved 14 to 12 – LTI moved from 16 to 13 – Virtusa moved from 15 to 14 – Syntel moved from 17 to 16
New entrants: Two service providers entered the leaderboard for the first time – Mphasis (17) and Genpact (20). DXC Technologies (9), a merged entity of CSC and HPE, is featured for the first time
Exits: There were no exits from this list on the basis of the methodology. CSC (now DXC Technologies), NTT Data Services (now NTT Data), and HP Enterprise (now DXC Technologies) continue to feature under their new entities
6 NEW FEATURE IN THIS EDITION TOP 10 ITS CHALLENGERS 1
2 3 4 5 6 7 8 9 10
Note: Challengers are service providers with less than US$ 2 billion in annual revenue that are credible partners for enterprises in the digital-first era; see page 2 for a full description 7 About Everest Group
Everest Group is a consulting and research firm focused on strategic IT, business services, and sourcing. We are trusted advisors to senior executives of leading enterprises, providers, and investors. Our firm helps clients improve operational and financial performance through a hands-on process that supports them in making well-informed decisions that deliver high-impact results and achieve sustained value. Our insight and guidance empower clients to improve organizational efficiency, effectiveness, agility, and responsiveness. What sets Everest Group apart is the integration of deep sourcing knowledge, problem-solving skills and original research. Details and in-depth content are available at www.everestgrp.com.
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