엔지니어링 서비스 시장 규모, 점유율, 성장 및 세계 산업 분석 : 유형별 및 용도별, 지역별 인사이트와 예측(2026-2034년)

Growth Factors of engineering services Market

The global engineering services market represents one of the most critical pillars of modern industrial and digital transformation. In 2025, the market was valued at USD 2.34 trillion, reflecting the strong demand for advanced engineering solutions across industries such as automotive, IT & telecom, manufacturing, aerospace, healthcare, and BFSI. According to the report, the market is projected to grow from USD 2.55 trillion in 2026 to USD 5.37 trillion by 2034, registering a robust CAGR of 10.60% during the forecast period (2026-2034).

Engineering services include a broad range of offerings such as software product engineering, embedded engineering, mechanical engineering, network engineering, and manufacturing engineering. The market's steady expansion is supported by rising digitalization, increased outsourcing of engineering functions, and the integration of advanced technologies such as AI, IoT, cloud computing, and automation.

Market Overview and Key Insights

In 2025, Asia Pacific dominated the global engineering services market, accounting for 37.30% of the total market share. This leadership is driven by a large skilled talent pool, increasing foreign direct investments (FDI), and strong adoption of Industry 4.0 practices across China, India, Japan, and Southeast Asian countries.

Among service types, software product engineering holds the largest share due to its critical role in digital transformation, AI-driven analytics, and enterprise modernization. From an industry perspective, IT & Telecom remains the leading vertical, leveraging engineering services to build AI-enabled platforms, automate workflows, and improve operational efficiency.

Impact of Generative AI on Engineering Services

The integration of generative AI (GenAI) is redefining the engineering services landscape. AI-powered tools are increasingly used to automate routine engineering tasks, optimize design processes, and enhance simulation and testing capabilities. This allows engineers to focus on innovation and complex problem-solving, improving overall productivity.

In recent years, engineering service providers have accelerated investments in AI platforms and partnerships. The growing adoption of GenAI is also attracting FDI inflows, particularly in Asia Pacific and Latin America, strengthening the long-term growth outlook of the market.

Market Trends Driving Growth

One of the most significant trends shaping the market is the increasing integration of AI and machine learning across engineering workflows. Predictive analytics, digital twins, virtual prototyping, and cloud-based engineering platforms are gaining widespread adoption. Additionally, global delivery models and cross-disciplinary engineering projects are becoming more common, enabling cost efficiency and scalability.

The rise of digital engineering services, combined with low-code and no-code platforms, is further accelerating adoption across both large enterprises and SMEs.

Market Dynamics

Market Drivers:

The surge in demand for digital services and smart solutions is a key growth driver. Industries worldwide are investing in automation, cloud platforms, and AI-driven engineering tools to enhance productivity, reduce downtime, and improve customer experience.

Market Challenges:

Despite strong growth, the market faces challenges such as high implementation costs, complex infrastructure requirements, and cybersecurity and data privacy risks. These factors may temporarily slow adoption, particularly among small and medium-sized enterprises.

Market Opportunities:

The expansion of 5G networks, edge computing, and AI-enabled infrastructure presents significant opportunities. These technologies enable real-time data processing, scalable analytics, and innovative service models, unlocking new revenue streams for engineering service providers.

Regional Outlook

• Asia Pacific: Valued at USD 0.87 trillion in 2025, rising to USD 0.97 trillion in 2026, driven by digitalization and FDI.
• Europe: Expected to reach USD 0.68 trillion in 2026, supported by strong Industry 4.0 adoption.
• North America: Estimated at USD 0.56 trillion in 2026, led by the U.S. with advanced AI and IIoT applications.
• Middle East & Africa: Projected to reach USD 0.17 trillion in 2026, supported by infrastructure and sustainability initiatives.
• South America: Emerging growth region due to rising investments in data infrastructure and analytics.

Competitive Landscape

The market is highly competitive, with key players such as Capgemini, Accenture, TCS, Infosys, Wipro, HCLTech, Cognizant, IBM, and EPAM focusing on AI integration, strategic partnerships, and acquisitions to expand capabilities and market reach.

Conclusion

In conclusion, the engineering services market is set for strong and sustained growth, expanding from USD 2.34 trillion in 2025 to USD 5.37 trillion by 2034. The convergence of digital engineering, generative AI, Industry 4.0, and advanced network technologies is transforming how engineering services are delivered globally. While challenges such as cybersecurity risks and investment volatility persist, the long-term outlook remains highly positive, making engineering services a cornerstone of global digital and industrial transformation.

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, 2025

5. Global Engineering Services Market Size Estimates and Forecasts, By Segments, 2021-2034

• 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, 2021-2034

• 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, 2021-2034

• 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, 2021-2034

• 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, 2021-2034

• 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, 2021-2034

• 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