Hexaware Named a Leader in the ISG Provider Lens™ Mainframes – Services And Solutions 2024 US Quadrant Report
April 9, 2024
Information Services Group (ISG), a leading global technology research and advisory firm, named Hexaware a Leader in Application Modernization Services in the ISG Provider Lens™ Mainframes – Services And Solutions 2024 US Quadrant Report.
In 2023, heightened focus on cost-saving measures prompted more enterprises to consider mainframe modernization for reduced IT spending. By migrating applications to the cloud, companies can significantly cut down on software maintenance license costs. Despite pressure to reduce spending, IT organizations often prioritize replatforming mainframes to the cloud. However, this approach fails to address programming language obsolescence, necessitating the retention of outdated software engineering processes for application development and maintenance.
The increased attention on GenAI in 2023 positively impacted the global mainframe modernization market, demonstrating the feasibility of automated code writing. However, GenAI tools can only generate code in response to specific prompts and cannot replace rewriting and reengineering tools capable of generating millions of lines of code in minutes. Despite ongoing technological innovations, mainframes remain stable and find appropriate use cases in several enterprises due to their simplicity, reliable performance, and security compliance. Some enterprises opt to retain mainframes rather than prioritize migration to the cloud, investing in areas that promise better returns.
Hexaware has been named a Leader in the Application Modernization Services quadrant due to our commitment to cost savings, our ingenious modernization approach, and our focused partnerships.
Hexaware Named a Leader in Application Modernization Services in the ISG Provider Lens™ Mainframes – Services And Solutions 2024 US Quadrant Report
“Hexaware has deep application modernization knowledge, which has been consistently improved over the years. It uses advanced automation and project management tools to ensure tangible results in short modernization cycles.”
— Pedro L Bicudo Maschio