CHICAGO, March 1, 2019 /PRNewswire/ -- 360Quadrants powered by MarketsandMarkets™, the world's only comparison platform that combines expert analysis with crowdsourced insights has released a quadrant on application modernization services to help businesses make quicker and more informed decisions. The first release of the quadrant has IBM, Fujitsu, and Accenture sharing space as Visionary Leaders. 360Quadrants are generated post analysis of companies (product portfolios and business strategy). Quadrants will be updated every three months, and the position of vendors will reflect how buyers, industry experts, and other vendors rate them on different parameters.
50+ companies offering application modernization services were analyzed of which 31 companies were shortlisted and categorized on a quadrant under Visionary Leaders, Innovators, Dynamic Differentiators, and Emerging Leaders.
IBM Cloud Migration Factory, Fujitsu Global Application Modernization, Accenture Application portfolio assessment services, Capgemini Collaborative Business Experience, Tech Mahindra Application Modernization, Dell, CGI Group, HCL Legacy Modernization, Avanade, Hexaware Technologies, Virtusa, Cognizant Rapid Mobilization Tool, Oracle Modernization Service, Wipro, ATOS Application Transformation and Management, DXC Technology, Yash technologies, Infosys, Syntel, and Micro Focus Enterprise Application Modernization have been identified as visionary leaders as they have established product portfolios and a robust market presence and business strategy.
Bell Integrator Language-to-Language Conversion, Macrosoft Legacy Application Modernization, Sensiple, Nous Infosystems, Advanced Computer Software, Asysco B.V., and UST Global Legacy Modernization Services have been identified as innovators as they have focused product portfolios, but a mediocre business strategy.
Astadia and Cyber Infrastructure (P) Limited have been identified as emerging companies as they have a niche product offering but poor business strategy. Idexcel and OSSCube have been recognized as dynamic differentiators.
The 360Quadrants platform provides the most granular application modernization services comparison between vendors.
The methodology used to rank application modernization services companies involved the use of extensive secondary research to identify key vendors by referring to annual reports, press releases, investor presentations, white papers, and various related directories and databases. 31 key vendors were shortlisted on the basis of their breadth of product offerings, organization size, and other criteria. The scores and weights for shortlisted vendors against each parameter were finalized post research. After the ratings were finalized, each vendor was placed in respective quadrants based on their score in the product offering and business strategy parameters.
360Quadrants essentially compares companies in emerging technologies on 6 broad maturities: product maturity, company maturity, use-case maturity, investment maturity, technology maturity, and business outcome maturity. Each company is reviewed by 4 stakeholders—buyers, industry experts, other vendors, and MarketsandMarkets™ analysts—to make it unbiased. 360 aims to simplify and de-risk complex purchase decisions. Buyers get to personalize their quadrant against their specific needs. The combined insights from peers, analysts, experts, and vendors cut the bias and helps the buyer find the best fit solution. Vendors get to position themselves to win ideal new customers, customize their quadrants, decide key parameters, and position themselves strategically in a niche space, to be consumed by giants and start-ups alike. Experts get to grow their personal brand and increase their thought leadership. The 360 platform targets the building of a social network that links industry experts with companies worldwide.
360Quadrants has also launched quadrants in fields like Cognitive Analytics Solutions, AI in Fintech solutions, and Predictive Analytics software.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact the revenues of 70% to 80% of companies worldwide. MarketsandMarkets™ currently services 7500 customers worldwide including 80% of global Fortune 1000 companies. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.
Mr. Manoj Singhvi
MarketsandMarkets™ Research Private Ltd.
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