Acing the Art of Platform-driven Growth: Software Product Engineering Services PEAK Matrix® Assessment 2023

Software, the largest spending segment in product engineering, continues to grow in relevance as platform-based business models take center stage for enterprises in both product- and services-centric verticals.

This shift toward platforms is leading to the emergence of new dynamics, including:

• increased intimacy between business and technology/engineering functions
• lower tolerance for technical debt; the need to manage/retire platform-related legacy systems rapidly and effectively is more pronounced
• the build and maintain mindset is giving way to a focus on ongoing platform evolution

While the new dynamics have exponentially increased the demand for engineering talent, the geopolitical situation in Eastern Europe is worsening the already supply-constrained talent market. Engineering service providers are playing a vital role in this situation and helping their clients with scaled, persistent, and diversified engineering teams.

This research, the fourth edition of Everest Group’s Software Product Engineering PEAK Matrix^® assessment, evaluates 33 engineering service providers on the PEAK Matrix^® framework for their overall and vertical-specific software product engineering capabilities and market impact, and shares insights on enterprise sourcing considerations.