Product Engineering Services Market by Service (Product Engineering; Process Engineering; Maintenance, Repair, and Operations), Organization Size, Vertical (Automotive, Aerospace & Defense, Industrial Manufacturing) and Region - Global Forecast to 2027

Abstract
The product engineering services market size is expected to grow from USD 1056.2 billion in 2022 to USD 1510.0 billion by 2027 at a Compound Annual Growth Rate (CAGR) of 7.4% during the forecast period. ISVs that specialize in developing and selling software designed for the masses are the primary market drivers for product engineering services. In response to the growing demand for IoT, many service providers have established a separate IoT engineering portfolio. Because of agile development methodologies, there has been a shift towards leveraging automation for testing activities.

Product Engineering segment to have significant growth during the forecast period

The process of innovating, designing, developing, testing, and deploying a software product is known as product engineering. With the advent of Web 2.0 technologies and utility-based software delivery via Software as a Service (SaaS), client enabling engineering services have gradually shifted from traditional software engineering to product engineering. Product engineering is responsible for the entire product life cycle, beginning with the innovation phase and continuing through the deployment and user acceptance testing phases. The term "product engineering" typically refers to a large set of actions performed to organize and run the product development process as efficiently as possible. In other words, it is used to describe the design and execution of a successful product. These technologies are used in a variety of fields, including software development and business models.

Automotive & Transportation vertical to grow at a highest market size during the forecast period

The automotive & transportation segment holds the largest market size during the forecast period. The design and development of a system, device, assembly, or functionality are examples of product engineering services. Product engineering also includes testing and deployment activities, as well as the subsequent transition to product manufacturing. The automotive industry is undergoing a significant technological transformation. Modern automobiles can do far more than drive and park. Introducing various innovative products and services has upended the industry's status quo. When it comes to new onboard automotive technologies, consumers are now spoiled for choice. Connected cars, electric vehicles with improved battery technology, predictive maintenance that monitors vehicle operational performance, and other innovations have significantly altered the mobility landscape.

Transitioning from a traditional car to an automotive ecosystem—a kind of smartphone on wheels—requires modifications to the vehicle's electronics and software architecture. This entails moving away from the traditional use of dispersed, embedded electronic-control units (ECUs) and toward a domain-focused system with central vehicle controllers. It necessitates more sophisticated software, such as a software abstraction layer, Ethernet usage, and scalable connectivity. It also implies a greater reliance on advanced microprocessors rather than embedded microcontrollers to improve performance, reduce power consumption, and centralize control.

Product engineering services market in Asia Pacific to grow at the highest market size during the forecast period

During the forecast period, the Asia-Pacific product engineering services market is expected to grow significantly. The widespread presence of the end-use industry of product engineering services is one of the major factors driving market growth. Furthermore, the governments of Asia-emerging Pacific's economies, such as India and China, are constantly thriving for the growth of their respective economies' manufacturing sectors. Governments provide subsidies and funds to small and medium-sized businesses (SMEs). As a result, significant growth in the Asia-Pacific market is expected during the forecast period. Currently, there is very little artificial intelligence in the market for product engineering services (AI).

However, artificial intelligence has the potential to automate and accelerate the process of creating and developing products, which means it has the potential to greatly advance and advance product engineering. Artificial intelligence in product engineering also reduces processing times and helps companies or industries increase productivity. As a result of incorporating artificial intelligence into the development of better product engineering services, productivity would significantly increase in order to meet current engineering demands, resulting in growth prospects for the product engineering services market. In the manufacturing sector, India has historically prioritized domestic production and consumption.

The availability of cheap labour and the high cost of technology created challenges such as a price-conscious market, insufficient infrastructure and supply networks, and a preference for labor-intensive procedures. As a result of the Indian government's Make in India strategy, the domestic manufacturing sector is expected to increase its demand for and consumption of machinery and equipment.

Further, in-depth interviews were conducted with the Chief Executive Officers (CEOs), Chief Marketing Officers (CMO), Chief Technology Officers (CTOs), Chief Operating Officers (COOs), Vice Presidents (VPs), Managing Directors (MDs), technology and innovation directors, and related key executives from various key companies and organizations operating in the product engineering services market.

By Company – Tier 1–45%, Tier 2–30%, and Tier 3–25%
By Designation – C-Level–40%, Director Level–35%, and Others–25%
By Region – North America–40%, Europe–25%, Asia Pacific–25%, RoW – 10%

Product Engineering Services vendors include Alten (France), AVL (Austria), HCL (India), Akka Technologies (France), IBM (US), Capgemini (France), TCS (India), Wipro (India), Accenture (Ireland), Happiest Minds (India), NeST Digital (India), Tvs Next (US), Mphasis (India), Luxoft Holdings (Switzerland), Nuos Infosystems (India), Pactera Edge (US), EPAM Systems (US), Tech Mahindra (India), Trigent Software (US), Segula Technologies (France). The study includes an in-depth competitive analysis of these key players in the product engineering services market with their company profiles, recent developments, and key market strategies.

Research Coverage
The research study covered inputs, insights, trends, happenings, from secondary sources, primary sources, stakeholders’ interviews and surveys. Secondary sources include information from databases and repositories such as D&B Hoovers, Bloomberg, Factiva, CoinDesk, among others. Primary data was fetched from supply side industry experts who hold the chair of Chief Executive Officer (CEO), Chief Technological Officer (CTO), Chief Operating Officer (COO), Vice-President (VP) of IT, Managing Director (MD), among others. Few of our key primary respondents are IBM, Microsoft, Oracle, among others. Few startups are also included during our primary interviews. Additionally, we have taken information and statistical and historical data from few government associations, public sources, webinar and seminar transcripts, journals, conferences and events.

Key benefits of the report
The report would help the market leaders/new entrants in this market with information on the nearest and best possible accurate approximations of the revenue numbers for the overall product engineering services market and the subsegments therein. This report would help stakeholders understand the competitive landscape wherein we have a section that provides competitive benchmarking, and gain insights to better position their businesses and plan suitable go-to-market strategies. Industry experts who have long served this market including both large-sized and SMEs have provided both qualitative and quantitative insights, critical and crucial data, which would also assist businesses in qualifying the suspects and prospects. The report also helps stakeholders understand the pulse of the market and provides them with information on the key market drivers, restraints, challenges, and opportunities, thereby portraying a clear and vivid image of methods and measures to excel in this market and position self at the zenith along with top players in the segment, sub-segment and the market as a whole.

Content
Table of Contents

1INTRODUCTION25
1.1STUDY OBJECTIVES25
1.2MARKET DEFINITION25
1.2.1INCLUSIONS AND EXCLUSIONS25
1.3MARKET SCOPE26
1.3.1MARKET SEGMENTATION26
1.3.2REGIONS COVERED27
1.3.3YEARS CONSIDERED27
1.4CURRENCY CONSIDERED27
TABLE 1UNITED STATES DOLLAR EXCHANGE RATE, 2017–202128
1.5STAKEHOLDERS28
1.6SUMMARY OF CHANGES28
2RESEARCH METHODOLOGY29
2.1RESEARCH DATA29
FIGURE 1PRODUCT ENGINEERING SERVICES MARKET: RESEARCH DESIGN29
2.1.1SECONDARY DATA30
2.1.2PRIMARY DATA31
TABLE 2LIST OF KEY PRIMARY INTERVIEW PARTICIPANTS31
2.1.2.1Breakup of primary profiles32
FIGURE 2BREAKUP OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION32
2.1.2.2Key industry insights32
2.2MARKET BREAKUP AND DATA TRIANGULATION33
FIGURE 3DATA TRIANGULATION33
2.3MARKET SIZE ESTIMATION34
FIGURE 4PRODUCT ENGINEERING SERVICES MARKET: TOP-DOWN AND BOTTOM-UP APPROACHES34
FIGURE 5MARKET SIZE ESTIMATION METHODOLOGY – APPROACH 1 (SUPPLY SIDE): REVENUE OF PRODUCT ENGINEERING SERVICES FROM VENDORS35
FIGURE 6MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH (SUPPLY SIDE) - COLLECTIVE REVENUE OF PRODUCT ENGINEERING SERVICES VENDORS36
FIGURE 7MARKET SIZE ESTIMATION METHODOLOGY: CAGR PROJECTIONS FROM SUPPLY SIDE37
FIGURE 8MARKET SIZE ESTIMATION METHODOLOGY – APPROACH 2 (BOTTOM-UP), REVENUE GENERATED BY VENDORS FROM EACH COMPONENT38
FIGURE 9MARKET SIZE ESTIMATION METHODOLOGY - APPROACH 2 (DEMAND SIDE), REGIONAL LEVEL38
 
2.4MARKET FORECAST39
TABLE 3MARKET GROWTH FORECAST39
2.4.1RECESSION IMPACT40
2.5RESEARCH ASSUMPTIONS40
2.6RESEARCH LIMITATIONS42
FIGURE 10RESEARCH LIMITATIONS42
3EXECUTIVE SUMMARY43
FIGURE 11PRODUCT ENGINEERING SERVICES MARKET: GLOBAL SNAPSHOT44
3.1PRODUCT ENGINEERING SERVICES MARKET: OVERVIEW OF RECESSION IMPACT44
3.2PRODUCT ENGINEERING SERVICES MARKET: OVERVIEW OF SEGMENTS45
FIGURE 12FASTEST-GROWING SEGMENTS OF PRODUCT ENGINEERING SERVICES MARKET45
FIGURE 13PRODUCT ENGINEERING SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD46
FIGURE 14PRODUCT DEVELOPMENT SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD47
FIGURE 15MANUFACTURING ENGINEERING SUPPORT SEGMENT TO HOLD LARGER MARKET SHARE DURING FORECAST PERIOD48
FIGURE 16AUTOMOTIVE & TRANSPORTATION SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD49
FIGURE 17PRODUCT ENGINEERING SERVICES MARKET: REGIONAL SNAPSHOT50
4PREMIUM INSIGHTS52
4.1ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN PRODUCT ENGINEERING SERVICES MARKET52
FIGURE 18COLLABORATION BETWEEN ORIGINAL EQUIPMENT MANUFACTURERS AND ENGINEERING SERVICE PROVIDERS TO DRIVE MARKET52
4.2PRODUCT ENGINEERING SERVICES MARKET, BY SERVICE, 2022 VS. 202752
FIGURE 19PRODUCT ENGINEERING SEGMENT TO HOLD LARGER MARKET SHARE52
4.3PRODUCT ENGINEERING SERVICES MARKET, BY PRODUCT ENGINEERING TYPE, 2022 VS. 202753
FIGURE 20PRODUCT DEVELOPMENT SEGMENT TO DOMINATE MARKET53
4.4PRODUCT ENGINEERING SERVICES MARKET, BY PROCESS ENGINEERING TYPE, 2022 VS. 202753
FIGURE 21MANUFACTURING ENGINEERING SUPPORT SEGMENT TO HOLD LARGER MARKET SHARE53
4.5PRODUCT ENGINEERING SERVICES MARKET, BY ORGANIZATION SIZE, 2022 VS. 202754
FIGURE 22LARGE ENTERPRISES SEGMENT TO HOLD LARGER MARKET SHARE54
4.6PRODUCT ENGINEERING SERVICES MARKET, BY VERTICAL, 2022 VS. 202754
FIGURE 23AUTOMOTIVE & TRANSPORTATION VERTICAL TO HOLD LARGEST MARKET SHARE54
 
4.7PRODUCT ENGINEERING SERVICES MARKET, BY REGION, 2022 VS. 202755
FIGURE 24ASIA PACIFIC TO EMERGE AS BEST MARKET FOR INVESTMENTS IN NEXT FIVE YEARS55
FIGURE 25PRODUCT ENGINEERING SERVICES MARKET IN INDIA TO GROW AT HIGHEST RATE DURING FORECAST PERIOD55
5MARKET OVERVIEW AND INDUSTRY TRENDS56
5.1INTRODUCTION56
5.2MARKET DYNAMICS56
FIGURE 26PRODUCT ENGINEERING SERVICES MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES57
5.2.1DRIVERS57
5.2.1.1Increasing demand for accelerating TTM57
5.2.1.2Need for continuous innovation and iteration58
5.2.1.3Growing need to reduce production cost58
5.2.1.4Rising demand for smart homes & electronics and automatic vehicles58
5.2.1.5Growing demand for advanced technologies58
5.2.2RESTRAINTS59
5.2.2.1Fear of losing control over intellectual property rights59
5.2.2.2Cultural differences in terms of product philosophy and design59
5.2.2.3High initial upfront cost in designing new product engineering services59
5.2.3OPPORTUNITIES59
5.2.3.1Smart manufacturing59
5.2.3.2Emergence of IoT60
5.2.3.3Increase in number of smart city projects60
5.2.4CHALLENGES60
5.2.4.1Need for excellent feedback loops and constant management60
5.2.4.2Differences may arise in testing phase61
5.2.4.3Lack of technical expertise61
5.3CASE STUDY ANALYSIS61
5.3.1CASE STUDY 1: ENGINEERING HEALTHCARE TO ACHIEVE BETTER OUTCOMES61
5.3.2CASE STUDY 2: AUTOMATION APPLICATION TO ENHANCE USER EXPERIENCE62
5.3.3CASE STUDY 3: INTEGRATED MODULES DEPLOYED FOR EFFECTIVE MANAGEMENT62
5.3.4CASE STUDY 4: DRIVING INNOVATION IN AUTOMOTIVE DIGITAL COCKPIT63
5.3.5CASE STUDY 5: IMPROVISING INTEROPERABILITY AMONG SOLUTIONS64
5.3.6CASE STUDY 6: ENGINEERING FOR HVAC PROVIDERS64
5.4ECOSYSTEM65
FIGURE 27PRODUCT ENGINEERING SERVICES MARKET: ECOSYSTEM65
5.5VALUE CHAIN ANALYSIS66
FIGURE 28PRODUCT ENGINEERING SERVICES MARKET: VALUE CHAIN ANALYSIS66
 
5.6TECHNOLOGICAL ANALYSIS67
5.6.1DIGITAL TWINS67
5.6.2IOT AND IIOT68
5.6.3ARTIFICIAL INTELLIGENCE AND MACHINE LEARNING68
5.6.4AUGMENTED REALITY AND VIRTUAL REALITY68
5.6.55G69
5.7PATENT ANALYSIS70
FIGURE 29NUMBER OF PATENT DOCUMENTS PUBLISHED DURING 2012–202270
FIGURE 30TOP FIVE PATENT OWNERS (GLOBAL)70
TABLE 4TOP 10 PATENT APPLICANTS71
5.8PRICING ANALYSIS71
5.8.1AVERAGE SELLING PRICES71
TABLE 5AVERAGE PRICING FOR DIFFERENT TYPES OF PRODUCT DESIGN:72
5.9PORTER'S FIVE FORCES ANALYSIS72
FIGURE 31PRODUCT ENGINEERING SERVICES MARKET: PORTER'S FIVE FORCES ANALYSIS72
TABLE 6PRODUCT ENGINEERING SERVICES MARKET: PORTER’S FIVE FORCES ANALYSIS73
5.9.1THREAT OF NEW ENTRANTS73
5.9.2THREAT OF SUBSTITUTES73
5.9.3BARGAINING POWER OF SUPPLIERS73
5.9.4BARGAINING POWER OF BUYERS74
5.9.5INTENSITY OF COMPETITIVE RIVALRY74
5.10KEY STAKEHOLDERS AND BUYING CRITERIA74
5.10.1KEY STAKEHOLDERS IN BUYING PROCESS74
FIGURE 32INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP END USERS74
TABLE 7INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP END USERS (%)75
5.10.2BUYING CRITERIA75
FIGURE 33KEY BUYING CRITERIA FOR TOP END USERS75
TABLE 8KEY BUYING CRITERIA FOR TOP END USERS76
5.11REGULATORY LANDSCAPE76
5.11.1REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS76
TABLE 9NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS76
TABLE 10EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS77
TABLE 11ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS77
TABLE 12REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS77
 
5.11.2REGULATIONS, BY REGION78
5.11.2.1North America78
5.11.2.2Europe79
5.11.2.3Asia Pacific79
5.11.2.4Middle East and South Africa79
5.11.2.5Latin America80
5.12TRENDS/DISRUPTIONS IMPACTING BUYERS80
FIGURE 34PRODUCT ENGINEERING SERVICES MARKET: TRENDS/DISRUPTIONS IMPACTING BUYERS80
5.13KEY CONFERENCES AND EVENTS IN 202381
TABLE 13PRODUCT ENGINEERING SERVICES MARKET: DETAILED LIST OF CONFERENCES AND EVENTS81
6PRODUCT ENGINEERING SERVICES MARKET, BY SERVICE82
6.1INTRODUCTION83
FIGURE 35PROCESS ENGINEERING SEGMENT TO GROW AT HIGHEST RATE DURING FORECAST PERIOD83
6.1.1SERVICES: PRODUCT ENGINEERING SERVICES MARKET DRIVERS83
TABLE 14PRODUCT ENGINEERING SERVICES MARKET, BY SERVICE, 2018–2021 (USD BILLION)84
TABLE 15PRODUCT ENGINEERING SERVICES MARKET, BY SERVICE, 2022–2027 (USD BILLION)84
6.2PRODUCT ENGINEERING84
6.2.1PRODUCT DEVELOPMENT, DESIGN SUPPORT, SOFTWARE ENGINEERING, AND PROTOTYPE TESTING TO DRIVE MARKET84
FIGURE 36PRODUCT DESIGN SEGMENT TO GROW AT HIGHEST RATE DURING FORECAST PERIOD85
TABLE 16PRODUCT ENGINEERING: PRODUCT ENGINEERING SERVICES MARKET, BY REGION, 2018–2021 (USD BILLION)85
TABLE 17PRODUCT ENGINEERING: PRODUCT ENGINEERING SERVICES MARKET, BY REGION, 2022–2027 (USD BILLION)85
TABLE 18PRODUCT ENGINEERING SERVICES MARKET, BY PRODUCT ENGINEERING, 2018–2021 (USD BILLION)86
TABLE 19PRODUCT ENGINEERING SERVICES MARKET, BY PRODUCT ENGINEERING, 2022–2027 (USD BILLION)86
6.2.2PRODUCT DESIGN86
6.2.2.1Broad coefficient and effective idea generation & development process to lead to new products86
TABLE 20PRODUCT DESIGN: PRODUCT ENGINEERING SERVICES MARKET, BY REGION, 2018–2021 (USD BILLION)87
TABLE 21PRODUCT DESIGN: PRODUCT ENGINEERING SERVICES MARKET, BY REGION, 2022–2027 (USD BILLION)87
6.2.3PRODUCT DEVELOPMENT87
6.2.3.1New product development engineering services offer improved innovation and reduced product development expenditure87
TABLE 22PRODUCT DEVELOPMENT: PRODUCT ENGINEERING SERVICES MARKET, BY REGION, 2018–2021 (USD BILLION)88
TABLE 23PRODUCT DEVELOPMENT: PRODUCT ENGINEERING SERVICES MARKET, BY REGION, 2022–2027 (USD BILLION)88
6.2.4PRODUCT TESTING88
6.2.4.1Meeting performance standard requirements to drive market88
TABLE 24PRODUCT TESTING: PRODUCT ENGINEERING SERVICES MARKET, BY REGION, 2018–2021 (USD BILLION)89
TABLE 25PRODUCT TESTING: PRODUCT ENGINEERING SERVICES MARKET, BY REGION, 2022–2027 (USD BILLION)89
6.2.5DEPLOYMENT & INTEGRATION89
6.2.5.1Product integration assists in integrating product components and ensuring product behavior89
TABLE 26DEPLOYMENT & INTEGRATION: PRODUCT ENGINEERING SERVICES MARKET, BY REGION, 2018–2021 (USD BILLION)90
TABLE 27DEPLOYMENT & INTEGRATION: PRODUCT ENGINEERING SERVICES MARKET, BY REGION, 2022–2027 (USD BILLION)90
6.3PROCESS ENGINEERING90
6.3.1GROWING POPULARITY OF IIOT OFFERS REAL-TIME MONITORING AND PREDICTIVE & PROACTIVE MAINTENANCE90
FIGURE 37KBE SEGMENT TO GROW AT HIGHER RATE DURING FORECAST PERIOD91
TABLE 28PROCESS ENGINEERING: PRODUCT ENGINEERING SERVICES MARKET, BY REGION, 2018–2021 (USD BILLION)91
TABLE 29PROCESS ENGINEERING: PRODUCT ENGINEERING SERVICES MARKET, BY REGION, 2022–2027 (USD BILLION)91
TABLE 30PRODUCT ENGINEERING SERVICES MARKET, BY PROCESS ENGINEERING, 2018–2021 (USD BILLION)92
TABLE 31PRODUCT ENGINEERING SERVICES MARKET, BY PROCESS ENGINEERING, 2022–2027 (USD BILLION)92
6.3.2MANUFACTURING ENGINEERING SUPPORT92
6.3.2.1Reduces operational costs and shortens product development lifecycle92
TABLE 32MANUFACTURING ENGINEERING SUPPORT: PRODUCT ENGINEERING SERVICES MARKET, BY REGION, 2018–2021 (USD BILLION)92
TABLE 33MANUFACTURING ENGINEERING SUPPORT: PRODUCT ENGINEERING SERVICES MARKET, BY REGION, 2022–2027 (USD BILLION)93
6.3.3KBE93
6.3.3.1Uses knowledge-based technology to support CAD93
TABLE 34KBE: PRODUCT ENGINEERING SERVICES MARKET, BY REGION, 2018–2021 (USD BILLION)93
TABLE 35KBE: PRODUCT ENGINEERING SERVICES MARKET, BY REGION, 2022–2027 (USD BILLION)94
6.3.4SUPPORT, MAINTENANCE, AND OPERATIONS94
6.3.4.1MRO services help minimize airline turn time and overall aviation maintenance costs94
TABLE 36SUPPORT, MAINTENANCE, AND OPERATIONS: PRODUCT ENGINEERING SERVICES MARKET, BY REGION, 2018–2021 (USD BILLION)94
TABLE 37SUPPORT, MAINTENANCE, AND OPERATIONS: PRODUCT ENGINEERING SERVICES MARKET, BY REGION, 2022–2027 (USD BILLION)95
7PRODUCT ENGINEERING SERVICES MARKET, BY ORGANIZATION SIZE96
7.1INTRODUCTION97
FIGURE 38SMALL AND MEDIUM-SIZED ENTERPRISES SEGMENT TO GROW AT HIGHER RATE DURING FORECAST PERIOD97
7.1.1ORGANIZATION SIZE: PRODUCT ENGINEERING SERVICES MARKET DRIVERS97
TABLE 38PRODUCT ENGINEERING SERVICES MARKET, BY ORGANIZATION SIZE, 2018–2021 (USD BILLION)98
TABLE 39PRODUCT ENGINEERING SERVICES MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD BILLION)98
7.2LARGE ENTERPRISES98
7.2.1REDUCES TTM OF PRODUCTS BY USING ADVANCED SOLUTIONS98
TABLE 40LARGE ENTERPRISES: PRODUCT ENGINEERING SERVICES MARKET, BY REGION, 2018–2021 (USD BILLION)99
TABLE 41LARGE ENTERPRISES: PRODUCT ENGINEERING SERVICES MARKET, BY REGION, 2022–2027 (USD BILLION)99
7.3SMALL AND MEDIUM-SIZED ENTERPRISES99
7.3.1GROWING NUMBER OF SMES TARGETING R&D99
TABLE 42SMALL AND MEDIUM-SIZED ENTERPRISES: PRODUCT ENGINEERING SERVICES MARKET, BY REGION, 2018–2021 (USD BILLION)100
TABLE 43SMALL AND MEDIUM-SIZED ENTERPRISES: PRODUCT ENGINEERING SERVICES MARKET, BY REGION, 2022–2027 (USD BILLION)100
8PRODUCT ENGINEERING SERVICES MARKET, BY VERTICAL101
8.1INTRODUCTION102
FIGURE 39AUTOMOTIVE & TRANSPORTATION VERTICAL TO DOMINATE MARKET DURING FORECAST PERIOD102
8.1.1VERTICALS: PRODUCT ENGINEERING SERVICES MARKET DRIVERS102
TABLE 44PRODUCT ENGINEERING SERVICES MARKET, BY VERTICAL, 2018–2021 (USD BILLION)103
TABLE 45PRODUCT ENGINEERING SERVICES MARKET, BY VERTICAL, 2022–2027 (USD BILLION)103
8.2AUTOMOTIVE & TRANSPORTATION104
8.2.1HELPS DIGITIZE PRODUCT VALUE CHAIN, DEVELOP SMARTER SOLUTIONS, MINIMIZE MANUFACTURING COSTS, AND REDUCE TTM104
TABLE 46AUTOMOTIVE & TRANSPORTATION: PRODUCT ENGINEERING SERVICES MARKET, BY REGION, 2018–2021 (USD BILLION)104
TABLE 47AUTOMOTIVE & TRANSPORTATION: PRODUCT ENGINEERING SERVICES MARKET, BY REGION, 2022–2027 (USD BILLION)104
8.3INDUSTRIAL MANUFACTURING105
8.3.1GLOBALIZATION, ECOMMERCE, AND PRODUCT SHIPMENT REDUCED GAP AMONG MANUFACTURERS105
TABLE 48INDUSTRIAL MANUFACTURING: PRODUCT ENGINEERING SERVICES MARKET, BY REGION, 2018–2021 (USD BILLION)105
TABLE 49INDUSTRIAL MANUFACTURING: PRODUCT ENGINEERING SERVICES MARKET, BY REGION, 2022–2027 (USD BILLION)105
 
8.4HEALTHCARE & LIFE SCIENCES106
8.4.1HELPS ENCOURAGE PATIENT ENGAGEMENT, REDUCE HEALTHCARE EXPENDITURE, AND BOOST GENERAL HEALTH106
TABLE 50HEALTHCARE & LIFE SCIENCES: PRODUCT ENGINEERING SERVICES MARKET, BY REGION, 2018–2021 (USD BILLION)106
TABLE 51HEALTHCARE & LIFE SCIENCES: PRODUCT ENGINEERING SERVICES MARKET, BY REGION, 2022–2027 (USD BILLION)106
8.5IT & TELECOM107
8.5.1INTENSE COMPETITION AND RAPID TECHNOLOGICAL ADVANCES BOOST MARKET107
TABLE 52IT & TELECOM: PRODUCT ENGINEERING SERVICES MARKET, BY REGION, 2018–2021 (USD BILLION)107
TABLE 53IT & TELECOM: PRODUCT ENGINEERING SERVICES MARKET, BY REGION, 2022–2027 (USD BILLION)107
8.6AEROSPACE & DEFENSE108
8.6.1ASSISTS IN LIFE CYCLE SUPPORT AND SAFETY MEASUREMENTS108
TABLE 54AEROSPACE & DEFENSE: PRODUCT ENGINEERING SERVICES MARKET, BY REGION, 2018–2021 (USD BILLION)108
TABLE 55AEROSPACE & DEFENSE: PRODUCT ENGINEERING SERVICES MARKET, BY REGION, 2022–2027 (USD BILLION)108
8.7BANKING, FINANCIAL SERVICES, AND INSURANCE109
8.7.1INCREASED USE OF ONLINE FINANCIAL TRANSACTIONS109
TABLE 56BANKING, FINANCIAL SERVICES, AND INSURANCE: PRODUCT ENGINEERING SERVICES MARKET, BY REGION, 2018–2021 (USD BILLION)109
TABLE 57BANKING, FINANCIAL SERVICES AND INSURANCE: PRODUCT ENGINEERING SERVICES MARKET, BY REGION, 2022–2027 (USD BILLION)109
8.8ENERGY & UTILITIES110
8.8.1PLANT AUTOMATION AND PROCESS & SUPPLY CHAIN OPTIMIZATION DRIVE MARKET110
TABLE 58ENERGY & UTILITIES: PRODUCT ENGINEERING SERVICES MARKET, BY REGION, 2018–2021 (USD BILLION)110
TABLE 59ENERGY & UTILITIES: PRODUCT ENGINEERING SERVICES MARKET, BY REGION, 2022–2027 (USD BILLION)110
8.9OTHER VERTICALS111
TABLE 60OTHER VERTICALS: PRODUCT ENGINEERING SERVICES MARKET, BY REGION, 2018–2021 (USD BILLION)111
TABLE 61OTHER VERTICALS: PRODUCT ENGINEERING SERVICES MARKET, BY REGION, 2022–2027 (USD BILLION)111
9PRODUCT ENGINEERING SERVICES MARKET, BY REGION112
9.1INTRODUCTION113
FIGURE 40ASIA PACIFIC TO GROW AT HIGHEST RATE DURING FORECAST PERIOD113
TABLE 62PRODUCT ENGINEERING SERVICES MARKET, BY REGION, 2018–2021 (USD BILLION)113
TABLE 63PRODUCT ENGINEERING SERVICES MARKET, BY REGION, 2022–2027 (USD BILLION)114
 
9.2NORTH AMERICA114
9.2.1NORTH AMERICA: PRODUCT ENGINEERING SERVICES MARKET DRIVERS114
9.2.2NORTH AMERICA: RECESSION IMPACT115
FIGURE 41NORTH AMERICA: PRODUCT ENGINEERING SERVICES MARKET SNAPSHOT116
TABLE 64NORTH AMERICA: PRODUCT ENGINEERING SERVICES MARKET, BY SERVICE, 2018–2021 (USD BILLION)116
TABLE 65NORTH AMERICA: PRODUCT ENGINEERING SERVICES MARKET, BY SERVICE, 2022–2027 (USD BILLION)117
TABLE 66NORTH AMERICA: PRODUCT ENGINEERING SERVICES MARKET, BY PRODUCT ENGINEERING, 2018–2021 (USD BILLION)117
TABLE 67NORTH AMERICA: PRODUCT ENGINEERING SERVICES MARKET, BY PRODUCT ENGINEERING, 2022–2027 (USD BILLION)117
TABLE 68NORTH AMERICA: PROCESS ENGINEERING SERVICES MARKET, BY PROCESS ENGINEERING, 2018–2021 (USD BILLION)117
TABLE 69NORTH AMERICA: PROCESS ENGINEERING SERVICES MARKET, BY PROCESS ENGINEERING, 2022–2027 (USD BILLION)118
TABLE 70NORTH AMERICA: PRODUCT ENGINEERING SERVICES MARKET, BY ORGANIZATION SIZE, 2018–2021 (USD BILLION)118
TABLE 71NORTH AMERICA: PRODUCT ENGINEERING SERVICES MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD BILLION)118
TABLE 72NORTH AMERICA: PRODUCT ENGINEERING SERVICES MARKET, BY VERTICAL, 2018–2021 (USD BILLION)119
TABLE 73NORTH AMERICA: PRODUCT ENGINEERING SERVICES MARKET, BY VERTICAL, 2022–2027 (USD BILLION)119
TABLE 74NORTH AMERICA: PRODUCT ENGINEERING SERVICES MARKET, BY COUNTRY, 2018–2021 (USD BILLION)120
TABLE 75NORTH AMERICA: PRODUCT ENGINEERING SERVICES MARKET, BY COUNTRY, 2022–2027 (USD BILLION)120
9.2.3US120
9.2.3.1Automotive manufacturing to be largest revenue generator in manufacturing sector120
TABLE 76US: PRODUCT ENGINEERING SERVICES MARKET, BY ORGANIZATION SIZE, 2018–2021 (USD BILLION)121
TABLE 77US: PRODUCT ENGINEERING SERVICES MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD BILLION)121
9.2.4CANADA121
9.2.4.1Analytics and wireless sensors used in Smart Factories to optimize production121
TABLE 78CANADA: PRODUCT ENGINEERING SERVICES MARKET, BY ORGANIZATION SIZE, 2018–2021 (USD BILLION)122
TABLE 79CANADA: PRODUCT ENGINEERING SERVICES MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD BILLION)122
9.3EUROPE122
9.3.1EUROPE: PRODUCT ENGINEERING SERVICES MARKET DRIVERS123
9.3.2EUROPE: RECESSION IMPACT123
TABLE 80EUROPE: PRODUCT ENGINEERING SERVICES MARKET, BY SERVICE, 2018–2021 (USD BILLION)124
TABLE 81EUROPE: PRODUCT ENGINEERING SERVICES MARKET, BY SERVICE, 2022–2027 (USD BILLION)124
TABLE 82EUROPE: PRODUCT ENGINEERING SERVICES MARKET, BY PRODUCT ENGINEERING, 2018–2021 (USD BILLION)124
TABLE 83EUROPE: PRODUCT ENGINEERING SERVICES MARKET, BY PRODUCT ENGINEERING, 2022–2027 (USD BILLION)125
TABLE 84EUROPE: PROCESS ENGINEERING SERVICES MARKET, BY PROCESS ENGINEERING, 2018–2021 (USD BILLION)125
TABLE 85EUROPE: PROCESS ENGINEERING SERVICES MARKET, BY PROCESS ENGINEERING, 2022–2027 (USD BILLION)125
TABLE 86EUROPE: PRODUCT ENGINEERING SERVICES MARKET, BY ORGANIZATION SIZE, 2018–2021 (USD BILLION)125
TABLE 87EUROPE: PRODUCT ENGINEERING SERVICES MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD BILLION)126
TABLE 88EUROPE: PRODUCT ENGINEERING SERVICES MARKET, BY VERTICAL, 2018–2021 (USD BILLION)126
TABLE 89EUROPE: PRODUCT ENGINEERING SERVICES MARKET, BY VERTICAL, 2022–2027 (USD BILLION)126
TABLE 90EUROPE: PRODUCT ENGINEERING SERVICES MARKET, BY COUNTRY, 2018–2021 (USD BILLION)127
TABLE 91EUROPE: PRODUCT ENGINEERING SERVICES MARKET, BY COUNTRY, 2022–2027 (USD BILLION)127
9.3.3GERMANY127
9.3.3.1Mittelstand-Digital Initiative creates networks between stakeholders127
TABLE 92GERMANY: PRODUCT ENGINEERING SERVICES MARKET, BY ORGANIZATION SIZE, 2018–2021 (USD BILLION)128
TABLE 93GERMANY: PRODUCT ENGINEERING SERVICES MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD BILLION)128
9.3.4UK128
9.3.4.1Using 5G for increasing factory output to be significant advancement in Industry 4.0128
TABLE 94UK: PRODUCT ENGINEERING SERVICES MARKET, BY ORGANIZATION SIZE, 2018–2021 (USD BILLION)129
TABLE 95UK: PRODUCT ENGINEERING SERVICES MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD BILLION)129
9.3.5FRANCE129
9.3.5.1Major producer of professional electronics129
TABLE 96FRANCE: PRODUCT ENGINEERING SERVICES MARKET, BY ORGANIZATION SIZE, 2018–2021 (USD BILLION)129
TABLE 97FRANCE: PRODUCT ENGINEERING SERVICES MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD BILLION)130
9.3.6REST OF EUROPE130
TABLE 98REST OF EUROPE: PRODUCT ENGINEERING SERVICES MARKET, BY ORGANIZATION SIZE, 2018–2021 (USD BILLION)130
TABLE 99REST OF EUROPE: PRODUCT ENGINEERING SERVICES MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD BILLION)130
 
9.4ASIA PACIFIC131
9.4.1ASIA PACIFIC: PRODUCT ENGINEERING SERVICES MARKET DRIVERS131
9.4.2ASIA PACIFIC: RECESSION IMPACT132
FIGURE 42ASIA PACIFIC: PRODUCT ENGINEERING SERVICES MARKET SNAPSHOT133
TABLE 100ASIA PACIFIC: PRODUCT ENGINEERING SERVICES MARKET, BY SERVICE, 2018–2021 (USD BILLION)133
TABLE 101ASIA PACIFIC: PRODUCT ENGINEERING SERVICES MARKET, BY SERVICE, 2022–2027 (USD BILLION)134
TABLE 102ASIA PACIFIC: PRODUCT ENGINEERING SERVICES MARKET, BY PRODUCT ENGINEERING, 2018–2021 (USD BILLION)134
TABLE 103ASIA PACIFIC: PRODUCT ENGINEERING SERVICES MARKET, BY PRODUCT ENGINEERING, 2022–2027 (USD BILLION)134
TABLE 104ASIA PACIFIC: PROCESS ENGINEERING SERVICES MARKET, BY PROCESS ENGINEERING, 2018–2021 (USD BILLION)134
TABLE 105ASIA PACIFIC: PROCESS ENGINEERING SERVICES MARKET, BY PROCESS ENGINEERING, 2022–2027 (USD BILLION)135
TABLE 106ASIA PACIFIC: PRODUCT ENGINEERING SERVICES MARKET, BY ORGANIZATION SIZE, 2018–2021 (USD BILLION)135
TABLE 107ASIA PACIFIC: PRODUCT ENGINEERING SERVICES MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD BILLION)135
TABLE 108ASIA PACIFIC: PRODUCT ENGINEERING SERVICES MARKET, BY VERTICAL, 2018–2021 (USD BILLION)136
TABLE 109ASIA PACIFIC: PRODUCT ENGINEERING SERVICES MARKET, BY VERTICAL, 2022–2027 (USD BILLION)136
TABLE 110ASIA PACIFIC: PRODUCT ENGINEERING SERVICES MARKET, BY COUNTRY, 2018–2021 (USD BILLION)137
TABLE 111ASIA PACIFIC: PRODUCT ENGINEERING SERVICES MARKET, BY COUNTRY, 2022–2027 (USD BILLION)137
9.4.3CHINA137
9.4.3.1Consumer goods sector, dominated by textiles, clothing, and shoes, significantly contributes to exports137
TABLE 112CHINA: PRODUCT ENGINEERING SERVICES MARKET, BY ORGANIZATION SIZE, 2018–2021 (USD BILLION)138
TABLE 113CHINA: PRODUCT ENGINEERING SERVICES MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD BILLION)138
9.4.4JAPAN138
9.4.4.1Largest manufacturing sector and auto parts suppliers significantly contribute to Japanese economy138
TABLE 114JAPAN: PRODUCT ENGINEERING SERVICES MARKET, BY ORGANIZATION SIZE, 2018–2021 (USD BILLION)139
TABLE 115JAPAN: PRODUCT ENGINEERING SERVICES MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD BILLION)139
9.4.5INDIA140
9.4.5.1Make in India and Automotive Mission Plan 2026 initiatives to boost Indian automotive industry140
TABLE 116INDIA: PRODUCT ENGINEERING SERVICES MARKET, BY ORGANIZATION SIZE, 2018–2021 (USD BILLION)140
TABLE 117INDIA: PRODUCT ENGINEERING SERVICES MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD BILLION)140
9.4.6REST OF ASIA PACIFIC141
TABLE 118REST OF ASIA PACIFIC: PRODUCT ENGINEERING SERVICES MARKET, BY ORGANIZATION SIZE, 2018–2021 (USD BILLION)141
TABLE 119REST OF ASIA PACIFIC: PRODUCT ENGINEERING SERVICES MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD BILLION)141
9.5MIDDLE EAST & AFRICA142
9.5.1MIDDLE EAST & AFRICA: PRODUCT ENGINEERING SERVICES MARKET DRIVERS142
9.5.2MIDDLE EAST & AFRICA: RECESSION IMPACT143
TABLE 120MIDDLE EAST & AFRICA: PRODUCT ENGINEERING SERVICES MARKET, BY SERVICE, 2018–2021 (USD BILLION)144
TABLE 121MIDDLE EAST & AFRICA: PRODUCT ENGINEERING SERVICES MARKET, BY SERVICE, 2022–2027 (USD BILLION)144
TABLE 122MIDDLE EAST & AFRICA: PRODUCT ENGINEERING SERVICES MARKET, BY PRODUCT ENGINEERING, 2018–2021 (USD BILLION)144
TABLE 123MIDDLE EAST & AFRICA: PRODUCT ENGINEERING SERVICES MARKET, BY PRODUCT ENGINEERING, 2022–2027 (USD BILLION)145
TABLE 124MIDDLE EAST & AFRICA: PROCESS ENGINEERING SERVICES MARKET, BY PROCESS ENGINEERING, 2018–2021 (USD BILLION)145
TABLE 125MIDDLE EAST & AFRICA: PROCESS ENGINEERING SERVICES MARKET, BY PROCESS ENGINEERING, 2022–2027 (USD BILLION)145
TABLE 126MIDDLE EAST & AFRICA: PRODUCT ENGINEERING SERVICES MARKET, BY ORGANIZATION SIZE, 2018–2021 (USD BILLION)145
TABLE 127MIDDLE EAST & AFRICA: PRODUCT ENGINEERING SERVICES MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD BILLION)146
TABLE 128MIDDLE EAST & AFRICA: PRODUCT ENGINEERING SERVICES MARKET, BY VERTICAL, 2018–2021 (USD BILLION)146
TABLE 129MIDDLE EAST & AFRICA: PRODUCT ENGINEERING SERVICES MARKET, BY VERTICAL, 2022–2027 (USD BILLION)146
TABLE 130MIDDLE EAST & AFRICA: PRODUCT ENGINEERING SERVICES MARKET, BY COUNTRY, 2018–2021 (USD BILLION)147
TABLE 131MIDDLE EAST & AFRICA: PRODUCT ENGINEERING SERVICES MARKET, BY COUNTRY, 2022–2027 (USD BILLION)147
9.5.3KINGDOM OF SAUDI ARABIA147
9.5.3.1Strong economy to be key driving factor147
TABLE 132SAUDI ARABIA: PRODUCT ENGINEERING SERVICES MARKET, BY ORGANIZATION SIZE, 2018–2021 (USD BILLION)148
TABLE 133SAUDI ARABIA: PRODUCT ENGINEERING SERVICES MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD BILLION)148
9.5.4UNITED ARAB EMIRATES148
9.5.4.1SCADA to become more popular in construction industry148
TABLE 134UNITED ARAB EMIRATES: PRODUCT ENGINEERING SERVICES MARKET, BY ORGANIZATION SIZE, 2018–2021 (USD BILLION)149
TABLE 135UNITED ARAB EMIRATES: PRODUCT ENGINEERING SERVICES MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD BILLION)149
9.5.5REST OF MIDDLE EAST & AFRICA149
TABLE 136REST OF MIDDLE EAST & AFRICA: PRODUCT ENGINEERING SERVICES MARKET, BY ORGANIZATION SIZE, 2018–2021 (USD BILLION)150
TABLE 137REST OF MIDDLE EAST & AFRICA: PRODUCT ENGINEERING SERVICES MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD BILLION)150
9.6LATIN AMERICA150
9.6.1LATIN AMERICA: PRODUCT ENGINEERING SERVICES MARKET DRIVERS150
9.6.2LATIN AMERICA: RECESSION IMPACT151
TABLE 138LATIN AMERICA: PRODUCT ENGINEERING SERVICES MARKET, BY SERVICE, 2018–2021 (USD BILLION)151
TABLE 139LATIN AMERICA: PRODUCT ENGINEERING SERVICES MARKET, BY SERVICE, 2022–2027 (USD BILLION)152
TABLE 140LATIN AMERICA: PRODUCT ENGINEERING SERVICES MARKET, BY PRODUCT ENGINEERING, 2018–2021 (USD BILLION)152
TABLE 141LATIN AMERICA: PRODUCT ENGINEERING SERVICES MARKET, BY PRODUCT ENGINEERING, 2022–2027 (USD BILLION)152
TABLE 142LATIN AMERICA: PROCESS ENGINEERING SERVICES MARKET, BY PROCESS ENGINEERING, 2018–2021 (USD BILLION)153
TABLE 143LATIN AMERICA: PROCESS ENGINEERING SERVICES MARKET, BY PROCESS ENGINEERING, 2022–2027 (USD BILLION)153
TABLE 144LATIN AMERICA: PRODUCT ENGINEERING SERVICES MARKET, BY ORGANIZATION SIZE, 2018–2021 (USD BILLION)153
TABLE 145LATIN AMERICA: PRODUCT ENGINEERING SERVICES MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD BILLION)153
TABLE 146LATIN AMERICA: PRODUCT ENGINEERING SERVICES MARKET, BY VERTICAL, 2018–2021 (USD BILLION)154
TABLE 147LATIN AMERICA: PRODUCT ENGINEERING SERVICES MARKET, BY VERTICAL, 2022–2027 (USD BILLION)154
TABLE 148LATIN AMERICA: PRODUCT ENGINEERING SERVICES MARKET, BY COUNTRY, 2018–2021 (USD BILLION)155
TABLE 149LATIN AMERICA: PRODUCT ENGINEERING SERVICES MARKET, BY COUNTRY, 2022–2027 (USD BILLION)155
9.6.3BRAZIL155
9.6.3.1Manufacturing sector employs approximately one-fifth of workforce and accounts for one-fifth of GDP155
TABLE 150BRAZIL: PRODUCT ENGINEERING SERVICES MARKET, BY ORGANIZATION SIZE, 2018–2021 (USD BILLION)156
TABLE 151BRAZIL: PRODUCT ENGINEERING SERVICES MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD BILLION)156
9.6.4MEXICO156
9.6.4.1Significant market for passenger vehicles, light vehicles, trucks, buses, and auto parts in US156
TABLE 152MEXICO: PRODUCT ENGINEERING SERVICES MARKET, BY ORGANIZATION SIZE, 2018–2021 (USD BILLION)157
TABLE 153MEXICO: PRODUCT ENGINEERING SERVICES MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD BILLION)157
9.6.5REST OF LATIN AMERICA158
TABLE 154REST OF LATIN AMERICA: PRODUCT ENGINEERING SERVICES MARKET, BY ORGANIZATION SIZE, 2018–2021 (USD BILLION)158
TABLE 155REST OF LATIN AMERICA: PRODUCT ENGINEERING SERVICES MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD BILLION)158
10COMPETITIVE LANDSCAPE159
10.1INTRODUCTION159
10.2MARKET SHARE OF TOP VENDORS159
FIGURE 43PRODUCT ENGINEERING SERVICES MARKET: VENDOR SHARE ANALYSIS, 2022159
TABLE 156PRODUCT ENGINEERING SERVICES MARKET: DEGREE OF COMPETITION160
10.3HISTORICAL REVENUE ANALYSIS OF TOP FIVE VENDORS160
FIGURE 44HISTORICAL REVENUE ANALYSIS OF TOP FIVE VENDORS, 2018–2022 (USD MILLION)160
10.4COMPANY EVALUATION QUADRANT161
10.4.1DEFINITIONS AND METHODOLOGY161
FIGURE 45EVALUATION QUADRANT FOR KEY PLAYERS: CRITERIA WEIGHTAGE161
FIGURE 46PRODUCT ENGINEERING SERVICES MARKET (GLOBAL): COMPANY EVALUATION QUADRANT, 2022163
10.4.2STARS163
10.4.3EMERGING LEADERS164
10.4.4PERVASIVE PLAYERS164
10.4.5PARTICIPANTS164
TABLE 157COMPANY SERVICE FOOTPRINT164
TABLE 158COMPANY VERTICAL FOOTPRINT165
TABLE 159COMPANY REGIONAL FOOTPRINT165
TABLE 160GLOBAL COMPANY FOOTPRINT166
10.5STARTUP/SME EVALUATION QUADRANT166
10.5.1DEFINITION AND METHODOLOGY166
FIGURE 47EVALUATION QUADRANT FOR STARTUPS: CRITERIA WEIGHTAGE167
FIGURE 48PRODUCT ENGINEERING SERVICES (STARTUPS/SMES): COMPANY EVALUATION QUADRANT, 2022168
10.5.2PROGRESSIVE COMPANIES168
10.5.3RESPONSIVE COMPANIES168
10.5.4DYNAMIC COMPANIES169
10.5.5STARTING BLOCKS169
10.6COMPETITIVE BENCHMARKING169
TABLE 161PRODUCT ENGINEERING SERVICES MARKET: DETAILED LIST OF KEY SMES/STARTUPS169
TABLE 162PRODUCT ENGINEERING SERVICES MARKET: COMPETITIVE BENCHMARKING OF SMES/STARTUPS170
10.7KEY MARKET DEVELOPMENTS171
10.7.1PRODUCT LAUNCHES AND ENHANCEMENTS171
TABLE 163PRODUCT LAUNCHES AND ENHANCEMENTS, 2019–2022171
10.7.2DEALS172
TABLE 164DEALS, 2019–2022172
10.7.3OTHERS179
TABLE 165OTHERS, 2019–2022179
11COMPANY PROFILES181
11.1INTRODUCTION181
11.2KEY PLAYERS181
(Business Overview, Products offered, Recent Developments, MnM View)*
11.2.1ALTEN GROUP181
TABLE 166ALTEN GROUP: BUSINESS OVERVIEW181
FIGURE 49ALTEN GROUP: COMPANY SNAPSHOT182
TABLE 167ALTEN GROUP: SOLUTIONS/SERVICES/PLATFORMS OFFERED182
TABLE 168ALTEN GROUP: DEALS183
11.2.2AVL185
TABLE 169AVL: BUSINESS OVERVIEW185
TABLE 170AVL: SOLUTIONS/SERVICES/PLATFORMS OFFERED185
TABLE 171AVL: PRODUCT LAUNCHES186
TABLE 172AVL: DEALS186
TABLE 173AVL: OTHERS187
11.2.3HCL189
TABLE 174HCL: BUSINESS OVERVIEW189
FIGURE 50HCL: COMPANY SNAPSHOT190
TABLE 175HCL: SOLUTIONS/SERVICES/PLATFORMS OFFERED190
TABLE 176HCL: PRODUCT LAUNCHES192
TABLE 177HCL: DEALS192
TABLE 178HCL: OTHERS193
11.2.4AKKA TECHNOLOGIES195
TABLE 179AKKA TECHNOLOGIES: BUSINESS OVERVIEW195
FIGURE 51AKKA TECHNOLOGIES: COMPANY SNAPSHOT196
TABLE 180AKKA TECHNOLOGIES: SOLUTIONS/SERVICES/PLATFORMS OFFERED196
TABLE 181AKKA TECHNOLOGIES: PRODUCT LAUNCHES197
TABLE 182AKKA TECHNOLOGIES: DEALS197
11.2.5IBM199
TABLE 183IBM: BUSINESS OVERVIEW199
FIGURE 52IBM: COMPANY SNAPSHOT200
TABLE 184IBM: SOLUTIONS/SERVICES/PLATFORMS OFFERED200
TABLE 185IBM: DEALS202
TABLE 186IBM: OTHERS203
11.2.6CAPGEMINI204
TABLE 187CAPGEMINI: BUSINESS OVERVIEW204
FIGURE 53CAPGEMINI: COMPANY SNAPSHOT205
TABLE 188CAPGEMINI: SOLUTIONS/SERVICES/PLATFORMS OFFERED205
TABLE 189CAPGEMINI: PRODUCT LAUNCHES206
TABLE 190CAPGEMINI: DEALS207
TABLE 191CAPGEMINI: OTHERS207
11.2.7TCS208
TABLE 192TCS: BUSINESS OVERVIEW208
FIGURE 54TCS: COMPANY SNAPSHOT209
TABLE 193TCS: SOLUTIONS/SERVICES/PLATFORMS OFFERED209
TABLE 194