Global Engineering Services Market 2024-2028
The engineering services market is forecasted to grow by USD 397.82 mn during 2023-2028, accelerating at a CAGR of 4.39% during the forecast period. The report on the engineering services market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by deploying engineering services reduces overhead costs, increasing adoption of industrial automation, and delegation of ancillary tasks enabling focus on core competencies.
Technavio's engineering services market is segmented as below:
By End-user
- Automotive
- Healthcare
- Telecommunication
- Manufacturing and others
By Deployment
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the engineering services embracing IoT revolution as one of the prime reasons driving the engineering services market growth during the next few years. Also, industry 4.0 gaining traction in automotive industry and growing adoption of artificial intelligence will lead to sizable demand in the market.
The report on the engineering services market covers the following areas:
- Engineering services market sizing
- Engineering services market forecast
- Engineering services market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading engineering services market vendors that include AECOM, AKKA Technologies SE, Babcock International Group Plc, Balfour Beatty Plc, Bechtel Corp., Brasfield and Gorrie LLC, Capgemini Service SAS, CIMIC Group Ltd., Cyient Ltd., Design Systems Inc., EMCOR Group Inc., Fluor Corp., Infosys Ltd., Jacobs Solutions Inc., Kiewit Corp., KKR BOSE DESIGN SERVICES Pvt. Ltd., Tata Consultancy Services Ltd., TRIPLAN India Pvt. Ltd., Virtuoso Projects and Engineers Pvt Ltd, and NV5 Global Inc.. Also, the engineering services market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.