Hexaware ranked No 1 in the HFS Top 10 Application Modernization Services and Formidable Challengers Market Analysis Study 2022

HFS Research, a leading analyst organization delivering insights for business operations and sourcing leaders, in its recent HFS Top 10 Application Modernization Services and Formidable Challengers Market Analysis Study 2022, ranked Hexaware No 1 in the Formidable Challenger Overall Ranking. Hexaware was also ranked top of the competition for Execution, No 2 for OneOffice Alignment and Voice of the Customer and No 3 for Innovation.

With the cloud becoming the definitive delivery model, the need for application modernization has increased dramatically, with a growth rate of more than 40%. With agility and co-innovation becoming essential, the HFS study evaluates the capabilities of application modernization service providers based on execution, innovation, voice of the customer (VOC), and alignment with the HFS OneOffice model of digital transformation.

The HFS study recognizes Hexaware as a global provider that brings best-in-class tools and domain expertise to deliver continuous innovation. The key strengths emphasized by the study include its automation-led approach to application modernization powered by its cloud migration suite Amaze^®, its outcome-based and output-based pricing models, and its focus on technology innovation to develop new IPs and accelerators.

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