Global Engineering Services Market to Grow at a CAGR of 3.95% during forecast period 2018-2022
2-nov-2018 Global engineering services market is estimated to grow at a substantial CAGR of 3.95% during the period 2018-2022 as the scope, product types, and its applications are increasing across the globe. Engineering services are the expertise needed by information technology, power and energy, mining, building construction, transportation, and manufacturing industries.
The factors that propel the growth of the engineering services market include rising industrial automation and reduction of overhead cost in deploying engineering services. On the other hand, there are factors that may hamper the growth of the market including the lack of end-to-end process and quality control and lack of expertise and skilled labor.
Engineering services market could be explored by service type, application, and geography. Engineering services market may be explored by service type as Maintenance, Repair & Operations, Process Engineering and Product & Component Design, and Others (Technical Publications and Customer Support).
Based on organization size, the engineering services market could span Enterprises and SMBs. Engineering services market could be explored based on industry verticals as Automotive & Transportation, IT & Telecom, Aerospace & Defense, Healthcare, Energy & Utilities, Industrial Manufacturing, BFSI, Media & Entertainment and Others (Retail, Food & Beverages). The engineering services market could be explored based on end users as Industrial, Enterprises, Commercial, Defense and Security agencies and Others (Personal users).
Request a Sample Copy of This Report: https://www.radiantinsights.com/research/global-engineering-services-market-2018-2022/request-sample
Engineering services market is categorized based on geography into North America, Latin America, Japan, Middle East, and Africa, Western Europe, Asia Pacific, and Eastern Europe. APAC accounted for the major share of the engineering services market in 2016 and will continue to lead in the forecast period. The key factors that may attributed to the growth of market includes an increase in demand for organizing its huge workforce.
The key players contributing to the robust growth of the engineering services market comprise Infosys Ltd., HCL Technologies, Altair Engineering, Inc., Tata Consultancy Services, Wipro Ltd, and Tech Mahindra, Alten GmbH, RLE International, Inc., Fareva, PM Group, Aricent Group, Deaton Engineering, Inc., EPAM Systems, Inc., Cybage Software Pvt. Ltd., GlobalLogic, Pactera Technology International Ltd., and Cyient. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
About Engineering Services
Engineering services are expert services that companies of building construction, mining, information technology, power and energy, transportation, and manufacturing industries need. Engineering services range from planning and designing, outsourcing, feasibility studies, and technical services.
Covered in this report
The report covers the present scenario and the growth prospects of the Global Engineering Services Market for 2018-2022. To calculate the market size, the report considers the revenue generated from engineering services offered to automotive, telecommunication, healthcare, and other end-user industries.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
This report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• AECOM
• Bechtel
• Fluor
• Jacobs
• SNC-Lavalin
• WorleyParsons
Browse Full Research Report With TOC: https://www.radiantinsights.com/research/global-engineering-services-market-2018-2022
Market driver
• Rising industrial automation
• For a full, detailed list, view our report
Market challenge
• Lack of end-to-end quality and process control
• For a full, detailed list, view our report
Market trend
• Volatile global macro-economic conditions
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2022 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.
The factors that propel the growth of the engineering services market include rising industrial automation and reduction of overhead cost in deploying engineering services. On the other hand, there are factors that may hamper the growth of the market including the lack of end-to-end process and quality control and lack of expertise and skilled labor.
Engineering services market could be explored by service type, application, and geography. Engineering services market may be explored by service type as Maintenance, Repair & Operations, Process Engineering and Product & Component Design, and Others (Technical Publications and Customer Support).
Based on organization size, the engineering services market could span Enterprises and SMBs. Engineering services market could be explored based on industry verticals as Automotive & Transportation, IT & Telecom, Aerospace & Defense, Healthcare, Energy & Utilities, Industrial Manufacturing, BFSI, Media & Entertainment and Others (Retail, Food & Beverages). The engineering services market could be explored based on end users as Industrial, Enterprises, Commercial, Defense and Security agencies and Others (Personal users).
Request a Sample Copy of This Report: https://www.radiantinsights.com/research/global-engineering-services-market-2018-2022/request-sample
Engineering services market is categorized based on geography into North America, Latin America, Japan, Middle East, and Africa, Western Europe, Asia Pacific, and Eastern Europe. APAC accounted for the major share of the engineering services market in 2016 and will continue to lead in the forecast period. The key factors that may attributed to the growth of market includes an increase in demand for organizing its huge workforce.
The key players contributing to the robust growth of the engineering services market comprise Infosys Ltd., HCL Technologies, Altair Engineering, Inc., Tata Consultancy Services, Wipro Ltd, and Tech Mahindra, Alten GmbH, RLE International, Inc., Fareva, PM Group, Aricent Group, Deaton Engineering, Inc., EPAM Systems, Inc., Cybage Software Pvt. Ltd., GlobalLogic, Pactera Technology International Ltd., and Cyient. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
About Engineering Services
Engineering services are expert services that companies of building construction, mining, information technology, power and energy, transportation, and manufacturing industries need. Engineering services range from planning and designing, outsourcing, feasibility studies, and technical services.
Covered in this report
The report covers the present scenario and the growth prospects of the Global Engineering Services Market for 2018-2022. To calculate the market size, the report considers the revenue generated from engineering services offered to automotive, telecommunication, healthcare, and other end-user industries.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
This report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• AECOM
• Bechtel
• Fluor
• Jacobs
• SNC-Lavalin
• WorleyParsons
Browse Full Research Report With TOC: https://www.radiantinsights.com/research/global-engineering-services-market-2018-2022
Market driver
• Rising industrial automation
• For a full, detailed list, view our report
Market challenge
• Lack of end-to-end quality and process control
• For a full, detailed list, view our report
Market trend
• Volatile global macro-economic conditions
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2022 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.
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