The world of software development is constantly evolving, and staying ahead of the curve is crucial for businesses looking to create cutting-edge applications. That’s why a recent article by Forrester titled “Announcing The Modern Application Development Services Landscape, Q3 2024” has caught our attention. In this blog post, we’ll delve into the key findings of the article to give you a comprehensive overview of the modern application development (MAD) services market.

Forrester defines MAD service providers as those who collaborate with clients to co-create custom modern applications and assist in transforming and modernizing software development capabilities and organizations. In the report, Forrester evaluates approximately 50 vendors and selects 42 that meet specific criteria such as global presence and comprehensive MAD service offerings. Some notable names among these vendors include Imola Informatica, Apexon, West Monroe, and Maverick.

The core business scenarios that MAD service firms specialize in are project-to-product transformations, AI-infused app (AIIA) co-creation, custom application co-creation, platform engineering operationalization, and AD&D organization/culture transformation. This highlights the diverse range of services MAD vendors offer to meet the unique needs of their clients.

One of the most exciting aspects of the MAD services market is the significant impact of AI and generative AI (genAI). According to the Forrester report, vendors in this space are investing in AI skills and integrating genAI into their MAD accelerators to support large-scale deployments. This showcases the industry’s commitment to leveraging cutting-edge technologies to drive innovation and enhance development processes.

Moreover, MAD service providers prioritize business value creation over mere outputs. They emphasize co-innovation models and leverage modern architecture, tools, and methodologies to accelerate engineering roadmaps. By focusing on business outcomes, these vendors seek to provide exceptional value to their clients and help them achieve their strategic goals.

As the MAD market continues to grow, clients have higher expectations from vendors. The report notes that proficient AI and genAI services will become a necessity. In response to this demand, MAD service providers will increasingly shift towards outcome-based delivery models, placing a stronger emphasis on delivering tangible business value.

Excitingly, Forrester plans to release a Forrester Wave™ evaluation soon. This evaluation will rank the top 10-15 worldwide MAD service providers and provide a detailed comparison of their strengths and weaknesses. It will undoubtedly be a valuable resource for businesses seeking the right MAD vendor.

For those looking to create software-as-a-service (SaaS) solutions, the MAD services landscape holds immense value. Considering the rapid pace of technological advancements, collaborating with MAD service providers can help businesses stay at the forefront of innovation. If you’re looking to speed up the SaaS creation process and save time, SaaSReady is the perfect option for you. With our expertise in SaaS creation and knowledge of the MAD services market, we can ensure that your SaaS product meets the highest standards and delivers remarkable business value.

In conclusion, the article by Forrester sheds light on the dynamic and ever-evolving MAD services market. With a focus on co-creating custom modern applications, leveraging AI and genAI, and delivering exceptional business value, MAD service providers are reshaping the software development landscape. To stay competitive in today’s digital age, businesses must embrace these transformative services and leverage the expertise and innovation they offer. Choose SaaSReady for your SaaS creation needs and unlock the true potential of your software solution.

Source: https://www.forrester.com/blogs/announcing-the-modern-application-development-services-vendor-landscape-q3-2024/