Custom Application Development (CAD) continues to be a strategic priority for enterprises seeking digital agility, scalability, and competitive differentiation. Despite challenges such as geopolitical instability, economic uncertainty, and talent shortages, demand for customized solutions remains strong. Enterprises are embracing platform-centric approaches, modern development methodologies, and AI-augmented tools to streamline delivery and meet evolving user expectations. In this context, providers are not only expected to deliver engineering talent but also act as transformation partners with deep domain expertise and a focus on business outcomes. This report profiles 31 leading CAD providers and assesses how they are helping enterprises navigate today’s complex IT and business environment. Each provider profile includes details on service focus, proprietary solutions, recent investments, and case studies. The analysis also highlights how providers are differentiating through low-code platforms, CI/CD tools, and AI-powered development assistants. This compendium supports decision-makers in identifying partners that align with their digital and operational priorities.

As small and medium-sized enterprises, particularly those with annual revenues below US$5 billion, accelerate their digital transformation journeys, custom application development is becoming increasingly essential in helping them remain agile, competitive, and responsive to evolving market demands. Unlike off-the-shelf or low-code solutions, custom application development enables mid-market enterprises to build scalable, secure, and tailored applications that address specific operational needs, industry challenges, and growth objectives. With leaner IT teams and tighter budgets than large enterprises, mid-market firms must ensure that every technology investment delivers tangible business value. Custom-built solutions help modernize legacy systems, streamline processes, and enhance customer and employee experiences—while offering control over feature prioritization, integration, and long-term scalability. As AI-powered tools and cloud-native platforms become more accessible, custom development is also becoming more efficient and accessible, empowering mid-sized firms to unlock intelligent automation, data-driven decision-making, and innovation at scale. In this report, Everest Group assesses 16 leading mid-market providers’ capabilities and market impact in the custom application development space, as part of its Custom Application Development Services PEAK Matrix® Assessment – Focused on Mid-market. The evaluation is based on a holistic review of each provider’s vision, delivery capabilities, proprietary assets, market success, and client feedback. This research aims to help mid-market enterprises identify the right-fit partners for their custom application initiatives, and equip providers with actionable insights to benchmark and refine their strategies in an increasingly competitive and dynamic market. Scope All industries and geographies Buyer size: small and medium-sized enterprises Service: custom application development services Contents This report features detailed assessments, including strengths and limitations, of 16 providers focusing on delivering custom application development services to small and medium-sized organizations.

As enterprises accelerate digital transformation, custom application development remains essential for them to address unique business needs, modernize legacy systems, and build differentiated digital experiences. Unlike off-the-shelf or low-code solutions, custom development empowers businesses to create scalable, flexible, and secure applications tailored to their specific requirements. The growing demand for personalized digital solutions, coupled with the emergence of AI-driven capabilities, is reshaping how enterprises approach application development – making it faster, smarter, and more aligned with business goals. In response, providers are enhancing their custom application development portfolios by building proprietary frameworks and accelerators, investing in AI-enablement, expanding global delivery capabilities, and nurturing deep domain expertise. Strategic partnerships and a strong focus on specialized talent are also key to delivering high-impact, enterprise-grade applications that drive real business outcomes. In this report, we assess 31 leading application development providers featured in the Custom Application Development Services PEAK Matrix® Assessment. Our comprehensive evaluation will help enterprises identify the right-fit partner for their development initiatives, while offering providers actionable insights to benchmark and improve their capabilities in a dynamic and competitive market. Scope All industries and geographies Service: custom application development services Contents This report features detailed assessments, including strengths and limitations, of 31 providers focusing on delivering custom application development services.

Businesses are turning to low-code application development to streamline software development processes and improve their ability to respond to market changes. Low-code application development platforms have evolved to offer advanced capabilities, such as generative AI integration, advanced automation, and improved collaboration tools. Pure play low-code platforms, such as Appian, Microsoft PowerApps, and OutSystems, are emerging as vital elements in enterprise technology stacks. These platforms excel in building enterprise-grade applications. As the demand for these platforms grows, there is a parallel surge in the need for low-code application development services. In this report, we provide comprehensive and fact-based snapshots of 20 low-code service providers for Appian, 19 providers for Microsoft PowerApps, and 18 for OutSystems. Each profile offers an overview of the provider’s products, client portfolio across geographies, industries, buyer sizes, key investments, and case studies. This compendium will enable providers to benchmark themselves against their competitors and empower low-code platform buyers to assess providers’ capabilities. Scope All industries and geographies Market segment: application services Sources leveraged: analyst inputs, Everest Group research (spanning recruiters, industry experts, and industry associations), ongoing interactions with enterprises and providers, and publicly available secondary data sources Contents In this report, we feature 20 low-code service providers for Appian, 19 providers for Microsoft PowerApps, and 18 for OutSystems and include: An overview of each provider and their revenue range Adoption by buyer group, industry, and geography Key investments Case studies Proprietary solutions Membership(s) Application Services Sourcing and Vendor Management

As enterprises accelerate digital transformation, low-code platforms’ adoption has surged, offering a faster, more agile approach to application development. Low-code application development platforms such as Appian, OutSystems, and Power Apps are leading this shift, enabling businesses to rapidly develop, deploy, and scale applications with minimal coding effort. This trend has become even more pronounced as organizations strive to enhance operational efficiency, respond quickly to market changes, and drive innovation amid growing competitive pressures. To meet this rising demand, providers are expanding their capabilities, forming strategic alliances with low-code platform providers, and developing proprietary IPs to offer differentiated services. Additionally, investments in delivery centers and specialized talent are ensuring that these providers can deliver tailored, high-impact solutions that align with enterprises’ unique needs. In this report, we assess the performance of 19 leading low-code service providers focused on Microsoft Power Apps featured across the low-code application development services PEAK Matrix® assessment. Our comprehensive evaluation will assist enterprises in selecting the best-fit partner for their low-code application development needs while offering providers insights to benchmark and enhance their offerings in this dynamic landscape. Scope All industries and geographies Service: low-code application development services Contents This report features detailed assessments, including strengths and limitations, of 19 providers focusing on delivering low-code application development services in Microsoft Power Apps. Membership(s) Application Services Sourcing and Vendor Management

As enterprises accelerate digital transformation, low-code platform adoption has surged, which offers a faster, more agile approach to application development. Low-code application development platforms such as Appian, OutSystems, and Power Apps are leading this shift, enabling businesses to rapidly develop, deploy, and scale applications with minimal coding effort. This trend has become even more pronounced as organizations strive to enhance operational efficiency, respond quickly to market changes, and drive innovation amid growing competitive pressures. Providers are expanding their capabilities to meet this rising demand, forming strategic alliances with low-code platform providers, and developing proprietary IPs to offer differentiated services. Additionally, investments in delivery centers and specialized talent are ensuring that these providers can deliver tailored, high-impact solutions that align with enterprises' unique needs. In this report, we assess the performance of 18 leading low-code service providers focused on OutSystems [AD1] featured across the low-code application development services PEAK Matrix® assessment. Our comprehensive evaluation will assist enterprises in selecting the best-fit partner for their low-code application development needs, while offering providers with insights to benchmark and enhance their offerings in this dynamic landscape. Scope All industries and geographies Service: low-code application development services Contents This report features detailed assessments, including strengths and limitations, of 18 providers focusing on delivering low-code application development services in OutSystems. Membership(s) Application Services Modern Application Development (MAD) Sourcing and Vendor Management

As enterprises accelerate digital transformation, low-code platform adoption has surged, which offers a faster, more agile approach to application development. Low-code application development platforms such as Appian, OutSystems, and Power Apps are leading this shift, enabling businesses to rapidly develop, deploy, and scale applications with minimal coding effort. This trend has become even more pronounced as organizations strive to enhance operational efficiency, respond quickly to market changes, and drive innovation amid growing competitive pressures. Providers are expanding their capabilities, forming strategic alliances with low-code platform providers and developing proprietary IPs to offer differentiated services. Additionally, investments in delivery centers and specialized talent are ensuring that these providers can deliver tailored, high-impact solutions that align with enterprises’ unique needs. In this report, we assess the performance of 20 leading low-code service providers focused on Appian featured across the low-code application development services PEAK Matrix® assessment. Our comprehensive evaluation will assist enterprises in selecting the best-fit partner for their low-code application development needs while offering providers insights to benchmark and enhance their offerings in this dynamic landscape. Scope All industries and geographies Service: low-code application development services Contents This report features detailed assessments, including strengths and limitations, of 20 providers focusing on delivering low-code application development services in Appian. Membership(s) Application Services Modern Application Development (MAD) Sourcing and Vendor Management