세계의 엔지니어링 서비스 시장 : 규모, 점유율, 성장, 산업 분석, 유형별, 용도별, 지역별 인사이트, 예측(2024-2032년)

Growth Factors of engineering services (ES) Market

The global engineering services (ES) market continues to evolve as industries embrace digital transformation, automation, and modern engineering capabilities. Valued at USD 2.15 trillion in 2024, the market is expected to expand to USD 2.34 trillion in 2025 and reach USD 4.65 trillion by 2032, growing at a strong CAGR of 10.29% during the forecast period. Asia Pacific dominated the market in 2024 with a share of 36.74%, supported by rapid industrialization, a large engineering talent pool, and strong foreign direct investments.

Engineering services span multiple domains-software product engineering, embedded engineering, mechanical engineering, network engineering, and manufacturing engineering-serving industries such as automotive, aerospace, IT, telecom, retail, BFSI, healthcare, and mining. Established regions such as North America and Europe are witnessing growth driven by technology modernization and infrastructure upgrades, while emerging regions including Asia Pacific, the Middle East & Africa, and South America continue to grow rapidly due to industrialization, smart city initiatives, and supportive government policies.

Market Drivers

Rising Demand for Digital Engineering and Smart Solutions

The increasing adoption of digital transformation initiatives across industries is creating strong demand for advanced engineering services. Organizations are seeking cloud-based, scalable, secure, low-code platforms that improve operational efficiency. Digital engineering tools support real-time analytics, rapid prototyping, and optimized workflows-enabling companies to reduce downtime and maximize productivity. Major service providers such as Infosys, Wipro, TCS, Capgemini, Cognizant, and Accenture continue to invest heavily in digital engineering capabilities, strengthening their global market presence.

For example, in April 2024, Infosys announced a strategic acquisition of In-Tech to expand engineering capabilities in e-mobility, autonomous driving, EV systems, and railway solutions. Such investments highlight the shift toward data-driven engineering innovation.

Acceleration of AI Adoption

The integration of generative AI is reshaping engineering workflows by automating routine tasks, accelerating design processes, and enhancing predictive analytics. AI-led platforms assist engineers with simulation modeling, testing, and optimization, reducing time-to-market. In March 2023, Altoura launched Altoura 6, an AI-enabled training platform designed to scale content creation and enhance engineering productivity. Growing AI integration is expected to significantly expand engineering capabilities across industries.

Market Challenges

Despite strong growth, the sector faces challenges related to data privacy, cybersecurity risks, and fluctuating investments. As engineering ecosystems adopt IoT, connected devices, and AI infrastructures, exposure to cyber threats increases. SMEs often face difficulties due to high upfront digital engineering implementation costs. These challenges can limit short-term adoption but are expected to ease as secure technologies and regulatory frameworks evolve.

Market Opportunities

Advanced network technologies such as 5G, edge computing, and AI-powered infrastructures present significant opportunities for the engineering services market. Real-time data processing capabilities support rapid engineering decisions, simulation modeling, and digital twin applications. The growing role of AI-enabled analytics in inventory optimization, quality control, and workflow automation will further expand market potential. In November 2022, Mercedes-Benz and Microsoft collaborated to develop the MO360 data platform, connecting 30 manufacturing plants and leveraging global AI capabilities.

Segmentation Overview

By Services

The software product engineering segment dominates due to growing demand for AI-enabled and data-driven engineering solutions. Companies rely on digital tools for predictive analytics, risk management, and large-scale system integration. The manufacturing engineering segment held 26% of the market in 2024, driven by automation and Industry 4.0 adoption. Embedded engineering and network engineering are also expanding as industries integrate advanced sensors, IoT devices, and connected systems.

By Vendor Category

Broadbased vendors lead the market and are projected to hold 68% share in 2025, offering end-to-end engineering services and scalable AI-integrated solutions. Pureplay vendors show steady growth with a CAGR of 9.02%, driven by niche expertise and rising demand for specialized engineering solutions.

By Industry Vertical

The IT & telecom sector dominates the industry and is expected to grow at 11% CAGR, driven by investments in AI software, cybersecurity, and digital infrastructure. Automotive & mobility is evolving rapidly with increased use of virtual prototyping and mobility simulation, projected to hold 15% of the market share in 2025.

Regional Outlook

Asia Pacific

Asia Pacific is the largest and fastest-growing region, valued at USD 0.79 trillion in 2024. Rapid digitalization and high FDI inflows support strong expansion. China is projected to reach USD 0.32 trillion in 2025, India USD 0.11 trillion, and Japan USD 0.19 trillion.

North America

The region is expected to reach USD 0.52 trillion in 2025, driven by advanced AI technologies and Industry 4.0 upgrades. The U.S. dominates with an estimated USD 0.38 trillion in 2025.

Europe

Europe is forecast to reach USD 0.63 trillion in 2025, fueled by early Industry 4.0 adoption. Germany is expected to achieve USD 0.14 trillion, followed by the U.K. at USD 0.10 trillion.

Conclusion

Growing from USD 2.15 trillion in 2024 to USD 4.65 trillion by 2032, the engineering services market is on a strong upward trajectory. With AI integration, cloud-based engineering, and digital transformation driving innovation across industries, the market will continue to expand significantly throughout the forecast period.

Segmentation By Services, Vendor Category, Industry Vertical, and Region

Segmentation By Services

• Software Product Engineering
• Embedded Engineering
• Mechanical Engineering
• Network Engineering
• Manufacturing Engineering

By Vendor Category

• Broadbased
• Pureplay

By Industry Vertical

• Automotive & Mobility
• Healthcare & Life Science
• Manufacturing & Mining
• BFSI
• Retail & Consumer goods
• Aerospace & Defense
• IT & Telecom
• Others (Media & Entertainment)

By Region

• North America (By Services, By Vendor Category, By Industry Vertical, and By Country)
  • U.S. (By Industry Vertical)
  • Canada (By Industry Vertical)
  • Mexico (By Industry Vertical)
• South America (By Services, By Vendor Category, By Industry Vertical, and By Country)
  • Brazil (By Industry Vertical)
  • Argentina (By Industry Vertical)
  • Rest of South America
• Europe (By Services, By Vendor Category, By Industry Vertical, and By Country)
  • U.K. (By Industry Vertical)
  • Germany (By Industry Vertical)
  • France (By Industry Vertical)
  • Italy (By Industry Vertical)
  • Spain (By Industry Vertical)
  • Russia (By Industry Vertical)
  • Benelux (By Industry Vertical)
  • Nordics (By Industry Vertical)
  • Rest of Europe
• Asia Pacific (By Services, By Vendor Category, By Industry Vertical, and By Country)
  • China (By Industry Vertical)
  • India (By Industry Vertical)
  • Japan (By Industry Vertical)
  • South Korea (By Industry Vertical)
  • ASEAN (By Industry Vertical)
  • Oceania (By Industry Vertical)
  • Rest of APAC
• Middle East and Africa (By Services, By Vendor Category, By Industry Vertical, and By Country)
  • GCC (By Industry Vertical)
  • North Africa (By Industry Vertical)
  • South Africa (By Industry Vertical)
  • Rest of MEA

Key Market Players Profiled in the Report Capgemini SE (France), Accenture (Ireland), Deloitte (England), Tata Consultancy Services (India), HCL Tech (India), Cognizant (U.S.), Wipro (India), Tech Mahindra (India), GlobalLogic (U.S.), and L&T Technology Services (India)

Table of Content

1. Introduction

• 1.1. Definition, By Segment
• 1.2. Research Methodology/Approach
• 1.3. Data Sources

2. Executive Summary

3. Market Dynamics

• 3.1. Macro and Micro Economic Indicators
• 3.2. Drivers, Restraints, Opportunities and Trends
• 3.3. Impact of Generative AI

4. Competition Landscape

• 4.1. Business Strategies Adopted by Key Players
• 4.2. Consolidated SWOT Analysis of Key Players
• 4.3. Global Engineering Services Key Players [Top 3-5] Market Share/Ranking, 2024

5. Global Engineering Services Market Size Estimates and Forecasts, By Segments, 2019-2032

• 5.1. Key Findings
• 5.2. By Services (USD)
  • 5.2.1. Software Product Engineering
  • 5.2.2. Embedded Engineering
  • 5.2.3. Mechanical Engineering
  • 5.2.4. Network Engineering
  • 5.2.5. Manufacturing Engineering
• 5.3. By Vendor Category (USD)
  • 5.3.1. Broadbased
  • 5.3.2. Pureplay
• 5.4. By Industry Vertical (USD)
  • 5.4.1. Automotive & Mobility
  • 5.4.2. Healthcare & Life Science
  • 5.4.3. Manufacturing & Mining
  • 5.4.4. BFSI
  • 5.4.5. Retail & Consumer goods
  • 5.4.6. Aerospace & Defense
  • 5.4.7. IT & Telecom
  • 5.4.8. Others (Media & Entertainment, etc.)
• 5.5. By Region (USD)
  • 5.5.1. North America
  • 5.5.2. South America
  • 5.5.3. Europe
  • 5.5.4. Asia Pacific
  • 5.5.5. Middle East & Africa

6. North America Engineering Services Market Size Estimates and Forecasts, By Segments, 2019-2032

• 6.1. Key Findings
• 6.2. By Services (USD)
  • 6.2.1. Software Product Engineering
  • 6.2.2. Embedded Engineering
  • 6.2.3. Mechanical Engineering
  • 6.2.4. Network Engineering
  • 6.2.5. Manufacturing Engineering
• 6.3. By Vendor Category (USD)
  • 6.3.1. Broadbased
  • 6.3.2. Pureplay
• 6.4. By Industry Vertical (USD)
  • 6.4.1. Automotive & Mobility
  • 6.4.2. Healthcare & Life Science
  • 6.4.3. Manufacturing & Mining
  • 6.4.4. BFSI
  • 6.4.5. Retail & Consumer goods
  • 6.4.6. Aerospace & Defense
  • 6.4.7. IT & Telecom
  • 6.4.8. Others (Media & Entertainment, etc.)
• 6.5. By Country (USD)
  • 6.5.1. United States
    • 6.5.1.1. By Industry
  • 6.5.2. Canada
    • 6.5.2.1. By Industry
  • 6.5.3. Mexico
    • 6.5.3.1. By Industry

7. South America Engineering Services Market Size Estimates and Forecasts, By Segments, 2019-2032

• 7.1. Key Findings
• 7.2. By Services (USD)
  • 7.2.1. Software Product Engineering
  • 7.2.2. Embedded Engineering
  • 7.2.3. Mechanical Engineering
  • 7.2.4. Network Engineering
  • 7.2.5. Manufacturing Engineering
• 7.3. By Vendor Category (USD)
  • 7.3.1. Broadbased
  • 7.3.2. Pureplay
• 7.4. By Industry Vertical (USD)
  • 7.4.1. Automotive & Mobility
  • 7.4.2. Healthcare & Life Science
  • 7.4.3. Manufacturing & Mining
  • 7.4.4. BFSI
  • 7.4.5. Retail & Consumer goods
  • 7.4.6. Aerospace & Defense
  • 7.4.7. IT & Telecom
  • 7.4.8. Others (Media & Entertainment, etc.)
• 7.5. By Country (USD)
  • 7.5.1. Brazil
    • 7.5.1.1. By Industry
  • 7.5.2. Argentina
    • 7.5.2.1. By Industry
  • 7.5.3. Rest of South America

8. Europe Engineering Services Market Size Estimates and Forecasts, By Segments, 2019-2032

• 8.1. Key Findings
• 8.2. By Services (USD)
  • 8.2.1. Software Product Engineering
  • 8.2.2. Embedded Engineering
  • 8.2.3. Mechanical Engineering
  • 8.2.4. Network Engineering
  • 8.2.5. Manufacturing Engineering
• 8.3. By Vendor Category (USD)
  • 8.3.1. Broadbased
  • 8.3.2. Pureplay
• 8.4. By Industry Vertical (USD)
  • 8.4.1. Automotive & Mobility
  • 8.4.2. Healthcare & Life Science
  • 8.4.3. Manufacturing & Mining
  • 8.4.4. BFSI
  • 8.4.5. Retail & Consumer goods
  • 8.4.6. Aerospace & Defense
  • 8.4.7. IT & Telecom
  • 8.4.8. Others (Media & Entertainment, etc.)
• 8.5. By Country (USD)
  • 8.5.1. United Kingdom
    • 8.5.1.1. By Industry
  • 8.5.2. Germany
    • 8.5.2.1. By Industry
  • 8.5.3. France
    • 8.5.3.1. By Industry
  • 8.5.4. Italy
    • 8.5.4.1. By Industry
  • 8.5.5. Spain
    • 8.5.5.1. By Industry
  • 8.5.6. Russia
    • 8.5.6.1. By Industry
  • 8.5.7. Benelux
    • 8.5.7.1. By Industry
  • 8.5.8. Nordics
    • 8.5.8.1. By Industry
  • 8.5.9. Rest of Europe

9. Asia Pacific Engineering Services Market Size Estimates and Forecasts, By Segments, 2019-2032

• 9.1. Key Findings
• 9.2. By Services (USD)
  • 9.2.1. Software Product Engineering
  • 9.2.2. Embedded Engineering
  • 9.2.3. Mechanical Engineering
  • 9.2.4. Network Engineering
  • 9.2.5. Manufacturing Engineering
• 9.3. By Vendor Category (USD)
  • 9.3.1. Broadbased
  • 9.3.2. Pureplay
• 9.4. By Industry Vertical (USD)
  • 9.4.1. Automotive & Mobility
  • 9.4.2. Healthcare & Life Science
  • 9.4.3. Manufacturing & Mining
  • 9.4.4. BFSI
  • 9.4.5. Retail & Consumer goods
  • 9.4.6. Aerospace & Defense
  • 9.4.7. IT & Telecom
  • 9.4.8. Others (Media & Entertainment, etc.)
• 9.5. By Country (USD)
  • 9.5.1. China
    • 9.5.1.1. By Industry
  • 9.5.2. India
    • 9.5.2.1. By Industry
  • 9.5.3. Japan
    • 9.5.3.1. By Industry
  • 9.5.4. South Korea
    • 9.5.4.1. By Industry
  • 9.5.5. ASEAN
    • 9.5.5.1. By Industry
  • 9.5.6. Oceania
    • 9.5.6.1. By Industry
  • 9.5.7. Rest of Asia Pacific

10. Middle East & Africa Engineering Services Market Size Estimates and Forecasts, By Segments, 2019-2032

• 10.1. Key Findings
• 10.2. By Services (USD)
  • 10.2.1. Software Product Engineering
  • 10.2.2. Embedded Engineering
  • 10.2.3. Mechanical Engineering
  • 10.2.4. Network Engineering
  • 10.2.5. Manufacturing Engineering
• 10.3. By Vendor Category (USD)
  • 10.3.1. Broadbased
  • 10.3.2. Pureplay
• 10.4. By Industry Vertical (USD)
  • 10.4.1. Automotive & Mobility
  • 10.4.2. Healthcare & Life Science
  • 10.4.3. Manufacturing & Mining
  • 10.4.4. BFSI
  • 10.4.5. Retail & Consumer goods
  • 10.4.6. Aerospace & Defense
  • 10.4.7. IT & Telecom
  • 10.4.8. Others (Media & Entertainment, etc.)
• 10.5. By Country (USD)
  • 10.5.1. GCC
    • 10.5.1.1. By Industry
  • 10.5.2. North Africa
    • 10.5.2.1. By Industry
  • 10.5.3. South Africa
    • 10.5.3.1. By Industry
  • 10.5.4. Rest of MEA

11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)

• 11.1. Capgemini SE
  • 11.1.1. Overview
    • 11.1.1.1. Key Management
    • 11.1.1.2. Headquarters
    • 11.1.1.3. Offerings/Business Segments
  • 11.1.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.1.2.1. Employee Size
    • 11.1.2.2. Past and Current Revenue
    • 11.1.2.3. Geographical Share
    • 11.1.2.4. Business Segment Share
    • 11.1.2.5. Recent Developments
• 11.2. Accenture
  • 11.2.1. Overview
    • 11.2.1.1. Key Management
    • 11.2.1.2. Headquarters
    • 11.2.1.3. Offerings/Business Segments
  • 11.2.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.2.2.1. Employee Size
    • 11.2.2.2. Past and Current Revenue
    • 11.2.2.3. Geographical Share
    • 11.2.2.4. Business Segment Share
    • 11.2.2.5. Recent Developments
• 11.3. Deloitte
  • 11.3.1. Overview
    • 11.3.1.1. Key Management
    • 11.3.1.2. Headquarters
    • 11.3.1.3. Offerings/Business Segments
  • 11.3.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.3.2.1. Employee Size
    • 11.3.2.2. Past and Current Revenue
    • 11.3.2.3. Geographical Share
    • 11.3.2.4. Business Segment Share
    • 11.3.2.5. Recent Developments
• 11.4. Tata Consultancy Services
  • 11.4.1. Overview
    • 11.4.1.1. Key Management
    • 11.4.1.2. Headquarters
    • 11.4.1.3. Offerings/Business Segments
  • 11.4.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.4.2.1. Employee Size
    • 11.4.2.2. Past and Current Revenue
    • 11.4.2.3. Geographical Share
    • 11.4.2.4. Business Segment Share
    • 11.4.2.5. Recent Developments
• 11.5. HCL Tech
  • 11.5.1. Overview
    • 11.5.1.1. Key Management
    • 11.5.1.2. Headquarters
    • 11.5.1.3. Offerings/Business Segments
  • 11.5.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.5.2.1. Employee Size
    • 11.5.2.2. Past and Current Revenue
    • 11.5.2.3. Geographical Share
    • 11.5.2.4. Business Segment Share
    • 11.5.2.5. Recent Developments
• 11.6. Cognizant
  • 11.6.1. Overview
    • 11.6.1.1. Key Management
    • 11.6.1.2. Headquarters
    • 11.6.1.3. Offerings/Business Segments
  • 11.6.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.6.2.1. Employee Size
    • 11.6.2.2. Past and Current Revenue
    • 11.6.2.3. Geographical Share
    • 11.6.2.4. Business Segment Share
    • 11.6.2.5. Recent Developments
• 11.7. Wipro
  • 11.7.1. Overview
    • 11.7.1.1. Key Management
    • 11.7.1.2. Headquarters
    • 11.7.1.3. Offerings/Business Segments
  • 11.7.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.7.2.1. Employee Size
    • 11.7.2.2. Past and Current Revenue
    • 11.7.2.3. Geographical Share
    • 11.7.2.4. Business Segment Share
    • 11.7.2.5. Recent Developments
• 11.8. Tech Mahindra
  • 11.8.1. Overview
    • 11.8.1.1. Key Management
    • 11.8.1.2. Headquarters
    • 11.8.1.3. Offerings/Business Segments
  • 11.8.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.8.2.1. Employee Size
    • 11.8.2.2. Past and Current Revenue
    • 11.8.2.3. Geographical Share
    • 11.8.2.4. Business Segment Share
    • 11.8.2.5. Recent Developments
• 11.9. Global Logic
  • 11.9.1. Overview
    • 11.9.1.1. Key Management
    • 11.9.1.2. Headquarters
    • 11.9.1.3. Offerings/Business Segments
  • 11.9.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.9.2.1. Employee Size
    • 11.9.2.2. Past and Current Revenue
    • 11.9.2.3. Geographical Share
    • 11.9.2.4. Business Segment Share
    • 11.9.2.5. Recent Developments
• 11.10. L&T Technology Services Ltd.
  • 11.10.1. Overview
    • 11.10.1.1. Key Management
    • 11.10.1.2. Headquarters
    • 11.10.1.3. Offerings/Business Segments
  • 11.10.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.10.2.1. Employee Size
    • 11.10.2.2. Past and Current Revenue
    • 11.10.2.3. Geographical Share
    • 11.10.2.4. Business Segment Share
    • 11.10.2.5. Recent Developments

12. Key Takeaways