The integration of digital features and technologies across the mechanical, embedded, network, and software spectrums is making products highly interconnected and intelligent and increasing product testing complexity. As product life cycles shorten across industries, enterprises must focus on constant innovation to roll out new products at a faster rate, while ensuring compliance with stricter regulatory norms. To cater to these complex requirements, enterprises are seeking ecosystem partners that can help reduce the time-to-market without compromising product quality. Enterprises globally are now starting to look at the Verification and Validation (V&V) function to not just test products for functionality and performance, but also enhance brand value by minimizing product recalls and rollbacks and ensuring seamless customer experience across channels. Service providers are catering to these demands by investing in relevant physical V&V infrastructure, upskilling their talent on next-generation V&V technologies – such as Artificial Intelligence (AI), Machine Learning (ML), Mixed Reality (MR), and predictive analytics – and leveraging these technologies to develop frameworks and accelerators for effective V&V service delivery. In this research, we present fact-based trends impacting the V&V engineering services market, along with an assessment and detailed profiles of 17 service providers featured in the V&V Engineering Services PEAK Matrix®. Scope: Market segment: V&V engineering services Geography: Global Service providers: 17 leading V&V engineering service providers – a1qa, Accenture, Capgemini, Cognizant, Cybage, Cyient, eInfochips, Happiest Minds, HARMAN Connected Services, HCL Technologies, Infosys, L&T Technology Services, Mphasis, Semcon, TCS, Tech Mahindra, and Wipro Contents This report analyzes the V&V engineering services outsourcing landscape and includes: V&V engineering services market overview, including trends, next-generation technologies, V&V global outsourcing market size, and segmentation by geography, industry, service function, and value chain element Everest Group PEAK Matrix® for V&V engineering services, including market impact and capabilities of 17 service providers and key characteristics of the three service provider categories – Leaders, Major Contenders, and Aspirants Detailed profiles of 17 V&V engineering service providers, including their V&V engineering services vision, scale and scope of operations, key solutions, and partnerships Membership(s) Engineering Services

With products becoming increasingly intelligent and inter-connected, global product organizations are compelled to reimagine their traditional quality assurance practices. Increasing digitization and proliferation of new business models are giving way to intelligent quality engineering and digital Verification and Validation (V&V) methodologies, enabling enterprises to deliver superior product quality and differentiated customer experiences. Enterprises are increasingly looking toward service provider engagements to help transform their V&V function into a technology-driven, scalable, and agile function. Testing as-a-service is another tenet that they are exploring with service providers to leverage end-to-end V&V capabilities without the need for heavy upfront investments. In this report, we analyze the capabilities of 14 leading engineering service providers in the V&V segment. These providers were mapped on the Everest Group PEAK MatrixTM, which is a composite index of a range of distinct metrics related to each provider’s capability and market impact. We have also captured the key trends and digital technologies disrupting the V&V market, and related investments made by service providers. In this report, we focus on: V&V engineering services market landscape and key emerging trends Assessment of service providers on multiple capability-related dimensions Characteristics of Leaders, Major Contenders, and Aspirants on the Everest Group V&V engineering services PEAK Matrix™ Scope of the analysis Market segment: V&V engineering services Geography: Global Service providers: 14 leading V&V engineering service providers Contents This report focuses on V&V engineering services outsourcing landscape and includes: V&V engineering services market landscape V&V global outsourcing market size and segmentation Trends shaping the V&V market with a focus on key digital technologies that are transforming quality management activities Everest Group PEAK Matrix Service provider capability summary dashboard V&V engineering services PEAK Matrix characteristics Profiles of V&V engineering service providers Membership(s) Engineering Services