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Everest Group has recognized Capgemini as a Leader in Connected Product Engineering Services PEAK Matrix® Assessment 2024

02 Jul 2024

Capgemini has been positioned as a Leader in Everest Group’s Connected Product Engineering Services PEAK Matrix® Assessment 2024 with the highest rating in Vision and Capability.

The engineering sector is undergoing a digital revolution, with companies investing in advanced technologies like AI, AR/VR, 5G, blockchain, IoT, and cybersecurity to upgrade physical products into smart, autonomous systems. This investment aims to meet evolving customer expectations and enhance user experiences. The fast-paced innovation in this field necessitates strong partnerships to help businesses quickly bring their products to market. Engineering service providers are expanding their expertise to leverage data from connected devices and integrate multiple technologies, thereby developing sophisticated digital products.

This research is the first edition of Everest Group’s Connected Product Engineering Services PEAK Matrix® Assessment 2024, wherein they have presented an assessment of 21 engineering service providers featured on the PEAK Matrix®, along with the sourcing considerations for enterprises.

Key Strengths which made Capgemini stand as a Leader according to Everest Group:

  • Capgemini is enhancing its expertise in engineering services for connected products by investing in emerging technologies such as Multi-access Edge Computing (MEC), the industrial metaverse, General AI, edge AI, and 5G Non-terrestrial networks (NTN).
  • By making strategic investments, the company has established a robust network of partnerships, laboratories, and innovation hubs. Simultaneously, it has concentrated its investments on enhancing the skills of its employees through various certifications and Centers of Excellence (CoEs).
  • Capgemini has crafted a suite of solutions that focus on smart products for edge devices, data-centric operations, device management platforms, and the incorporation of generative AI into research and development, all aimed at enhancing its offerings in connected product engineering services.
  • Capgemini maintains a well-distributed delivery network that spans onshore, nearshore, and offshore areas, facilitating close client engagement and smooth service execution.
  • The company showcases flexibility in commercial constructs and leverages innovative pricing models such as outcome-based in client engagements.

“Capgemini, with services spanning across the value chain of connected product engineering, has strengthened its play over the years via investments in multiple next generation technology labs, talent, a robust partner ecosystem, and strategic acquisitions. It places significant emphasis on enhancing its capabilities by focusing on technologies such as generative AI, edge, IoT, cloud, non-terrestrial networks, and connectivity such as 5G and wireless.”

“Clients appreciate Capgemini for its technical, project management skills, innovative commercial constructs, flexibility, and capabilities in next-generation technology. These factors have contributed to Capgemini emerging as a Leader in Everest Group’s Connected Product Engineering Services PEAK Matrix® Assessment 2024.”

Nishant Udupa, Practice Director at Everest Group

“The market for connected product engineering services is poised for significant growth, expected to reach USD 1,510 billion by 2027. This expansion is driven by advancements in AI, IoT, and smart manufacturing. Strategic investments and the integration of cutting-edge technologies by companies are driving this transformation, not only in the products and service themselves but also in the associated engineering processes.”

“At Capgemini, we foresee a future where connected products not only enhance convenience for customers, supported by strong data privacy and security frameworks, but also open new business opportunities for companies embracing the pace of change. We are excited to be recognized as leaders in this PEAK Matrix®, which validates our vision and capabilities in our strategy for Intelligent Industry and Intelligent Products and services.”

Nicolas Rousseau, EVP, Chief Digital Engineering & Manufacturing Officer at Capgemini Engineering

About Capgemini

Capgemini is a global business and technology transformation partner, helping organizations to accelerate their dual transition to a digital and sustainable world, while creating tangible impact for enterprises and society. It is a responsible and diverse group of 340,000 team members in more than 50 countries. With its strong over 55-year heritage, Capgemini is trusted by its clients to unlock the value of technology to address the entire breadth of their business needs. It delivers end-to-end services and solutions leveraging strengths from strategy and design to engineering, all fueled by its market leading capabilities in AI, cloud and data, combined with its deep industry expertise and partner ecosystem. The Group reported 2023 global revenues of €22.5 billion.

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