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HCLTech recognized as a Leader in IDC MarketScape: Canadian Managed Multicloud Services 2024
[April 02, 2024]

HCLTech recognized as a Leader in IDC MarketScape: Canadian Managed Multicloud Services 2024

HCLTech, a leading global technology company, has been recognized as a Leader in the inaugural IDC MarketScape Canadian Managed Multicloud Services 2024 Vendor Assessment (doc #CA50302123, February 2024).

The report highlights HCLTech's strengths in the following areas:

"HCLTech's innovation capabilities, delivery strategy, and offering portfolio have combined to fuel the company's strong revenue growth in the market. Investments by HCLTech in its cloud management platform and IP portfolio illustrate its innovation strategy."

"HCLTech has competencies in most emerging cloud technologies, supports major container platforms, and has sound edge computing capabilities. It has large resource pools in Canada and globally, and its Canadian resources are known to have good industry and business process expertise."

HCLTech offers a range of multicloud management platform solutions such as VelocITy and DRYiCE MyCloud. While VelocITy offers end-to-end service delivery of hybrid and multicloud solutions, DRYiCE MyCloud provides optimal governance and monitoring of organizations' cloud infrastructure.

"HCLTech has deepened its investments across Canada and expanded its relationships with clients," said Jason Bremner, Research Vice President, IDC. "HCLTech's CloudSMART portfolio, its local presence and global capabilities offer Canadian organizations great value in accelerating their cloud transformations in support of their digital business aspirations."

"HCLTech's broad portfolio of cloud offerings is further strengthened by the many managed services provider (MSP) competencies it has achieved across the world's top hyperscalers' programs, positioning us as a trusted and preferred cloud transformation partner for enterprises across industries. We believe the latest IDC MarketScape recognition is another testament to our proven cloud expertise and stratgies in the region," said Dave Chopra, Executive Vice President and Canada Country Head, HCLTech.

HCLTech's CloudSMART approach allows clients to adapt to an evolving technology landscape, helping them harness transformational technologies such as AI, machine learning, 5G, IoT and quantum computing.

Click here to read the excerpt:

About IDC MarketScape:

IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor's position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.

About HCLTech

HCLTech is a global technology company, home to more than 224,000 people across 60 countries, delivering industry-leading capabilities centered around digital, engineering, cloud, AI and software, powered by a broad portfolio of technology services and products. We work with clients across all major verticals, providing industry solutions for Financial Services, Manufacturing, Life Sciences and Healthcare, Technology and Services, Telecom and Media, Retail and CPG, and Public Services. Consolidated revenues as of 12 months ending December 2023 totaled $13.1 billion. To learn how we can supercharge progress for you, visit

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