Global product engineering services market is projected to grow at a significant CAGR of around 9.5% during the forecast period (2020-2026). The growth of the product engineering services market across the globe is backed by the rising integration of advanced technologies, such as IoT, AI, Big Data, and others. With the rising adoption of automation, AI, IIoT (industrial internet of things), the demand for technologically advanced services is increasing across the globe. Therefore, there are several market players that are expanding their product base with these emerging technologies. VOLANSYS Technologies and Persistent Systems are among the major providers of IoT-based product engineering services.
Browse the full report description Global Product Engineering Services Market Size, Share & Trends Analysis Report by Component (Product and Component Design, Process Engineering, Maintenance, Repair & Operations, and Others), by Organization Size (Small and Medium Enterprises (SMEs) and Large Enterprises), and by End-Use Industry (Healthcare, Automotive, Aerospace & Defense, Energy & Utilities, Industrial Manufacturing, and Others) and Forecast 2020-2026 at https://www.omrglobal.com/industry-reports/product-engineering-services-market
Businesses are integrating AI in products engineering services, to decrease the processing time and increase the TTM (Time To Market). Therefore, IoT and AI can be regarded as the game changer of the product engineering services market during the forecast period. Moreover, the governments in the emerging economies, such as India and China, are focusing on promoting the industrial sector in the respective countries with the introduction of subsidies and initiatives for SMEs. This, in turn, is offering growth to the manufacturing sector in these economies, which will offer growth opportunity to the market players offering advanced technologies in products engineering services to expand their market base in these economies.
Market Coverage
|
Report Elements |
Details |
|
Study Period |
2019-2026 |
|
Base year |
2019 |
|
Forecast period |
2020-2026 |
|
Segments Covered |
By Service, By Organization Size, and By End-Use Industry |
|
Regions Covered |
North America (US and Canada), Europe
(UK, Germany, France, Italy, Spain, Rest of Europe), Asia-Pacific (India,
China, Japan, and Rest of Asia-Pacific), and Rest of the World (South America
and Middle East and Africa (MEA)) |
|
Key Companies Profiled |
IBM Corp., Accenture PLC, Damco Group, Wipro Ltd., Infosys Ltd.,
Pactera Technologies NA, Inc., Altran, UST Global, Inc., and Tech Mahindra
Ltd. |
Key questions addressed by the report
o Recovery Timeline
o Deviation from pre-COVID-19
o Most affected segment/region
o Recommendations
Global Product Engineering Services Market – Segmentation
By Service
o New Product Development
o Design Support Services
o Software Engineering
o Hardware Engineering
o Others
By Organization Size
By End-Use Industry
Global Product Engineering Services Market – Segmentation
North America
Europe
Asia-Pacific
Rest of the World
To learn more about this report request a free sample copy
@ https://www.omrglobal.com/request-sample/product-engineering-services-market