세계의 제품 엔지니어링 서비스 시장 예측(-2030년) : 서비스 유형별, 제공 형태별, 조직 규모별, 업계별, 지역별

The product engineering services market is expanding rapidly, with a projected market size rising from USD 1,297.71 billion in 2025 to USD 1,800.45 billion by 2030, at a CAGR of 6.8% during the forecast period. The key market drivers include the rapid growth of the automotive sector, which boosts demand for advanced product development and engineering capabilities. Another major driver is the increasing need to accelerate time-to-market, as companies seek to stay competitive in fast-paced industries by launching products more quickly. Additionally, there is a growing focus on product design to enhance customer experience, pushing organizations to invest in high-quality engineering services. In contrast, toolchain bloat and DevOps sprawl are the market's major restraints. These challenges reduce team efficiency by creating complex, overlapping workflows and increasing the time and effort required for integration and maintenance.

"Small & medium enterprises are expected to grow at the highest CAGR during the forecast period"

Small & medium enterprises are set to drive the fastest market growth, propelled by their focus on speed, innovation, and cost-efficiency. In March 2025, American Express reported that SMEs adopting artificial intelligence are 38 percent more likely to invest in technology upgrades and new product launches. A June 2024 Zoho survey found that 81 percent of MSMEs in India allocate up to half their tech budgets to cloud solutions, reflecting a global shift toward cloud engineering and IoT-based development.

This creates a strong demand for embedded systems, rapid prototyping, and AI-integrated firmware services. By partnering with engineering service providers, SMEs gain access to specialized skills, reduce development cycles, and scale efficiently without heavy internal investment. As competition intensifies, outsourcing complex engineering tasks allows SMEs to stay agile and innovative. This opens lucrative opportunities for service providers to deliver modular, cloud-ready engineering solutions to a rapidly growing market segment.

"Industrial manufacturing is expected to hold the largest market share during the forecast period"

The industrial manufacturing sector is gaining sustained investment in digital transformation, automation, and next-generation product development. In March 2025, Johnson & Johnson announced a USD 55 billion investment strategy to advance its pharmaceutical and medical device manufacturing capabilities through digitalization, smart factory initiatives, and automation. Meanwhile, Taiwan Semiconductor Manufacturing Company committed USD 100 billion to expand its US-based fabrication and engineering operations to boost domestic chip production capacity, accelerate time-to-market for advanced semiconductors, and enhance supply chain resilience. At CES 2025, Siemens unveiled advanced digital twin and industrial artificial intelligence technologies to improve production efficiency.

These developments increase demand for embedded systems, system integration, and simulation-led engineering services. As manufacturers modernize legacy systems and scale operations, they rely on engineering partners for faster innovation, technical expertise, and operational agility. This growth presents strong opportunities for service providers to support industrial clients in reducing time-to-market, improving product reliability, and long-term competitiveness.

"North America holds the largest market share, while Asia Pacific records the fastest growth"

North America leads the product engineering services market, supported by its premier engineering infrastructure, innovation ecosystems, and significant investments in advanced product development. In June 2025, BASF opened a new Good Manufacturing Practice Solution Center in Michigan to enhance product development in biopharma, demonstrating how engineering services integrate manufacturing with lab-level design capabilities. Meanwhile, Asia Pacific is the fastest-growing region, driven by digital innovation, rising smart product demand, government-backed support for local engineering ecosystems, manufacturing hubs, and talent development across emerging economies.

Breakdown of Primaries

In-depth interviews were conducted with Chief Executive Officers (CEOs), innovation and technology directors, system integrators, and executives from various key organizations operating in the product engineering services market.

• By Company: Tier I - 40%, Tier II - 25%, and Tier III - 35%
• By Designation: C-Level Executives - 25%, D-Level Executives -37%, and Others - 38%
• By Region: North America - 38%, Europe - 24%, Asia Pacific - 22%, and Rest of the World - 16%

The report profiles key players offering product engineering services. These include IBM (US), HCL Tech (India), Cognizant (US), Capgemini (France), Alten Group (France), Accenture (Ireland), Wipro (India), LTIMindtree (India), AVL (Austria), Happiest Minds (India), TVSnext (US), Mphasis (India), Tech Mahindra (India), Cybage Software (India), Innominds (US), Infosys (India), SynergyTop (US), EPAM Systems (US), Brillio (US), GlobalLogic (US), Tata Consultancy Services (India), Nous Infosystems (India), Trigent Software (US), and Aspire Systems (India).

Study Coverage

This research report categorizes the product engineering services market based on Service Type (Product Design & Prototyping [Concept & Ideation, UX/UI & Industrial Design, Others {MBSE, Design for Manufacturability (DFM)/Design for Testability (DFT)}], Product Development [Software Product Development, Hardware & Embedded Systems Development, Prototyping & MVP Development, Integration & Interface Development], Testing & Quality Assurance Services [Functional & Non-functional Testing, Test Automation, Compliance & Certification, Validation & Verification (V&V)], Product Modernization & Integration [Legacy System Migration, Platform Re-platforming, Architectural Overhaul, Technical Debt Reduction], Process Engineering [Manufacturing Engineering Support, Knowledge-based Engineering), Maintenance, Repair & Operations], Reverse Engineering [3D Scanning, Application Modernization & Migration, Others], Product Sustenance & Support Services [Bug Fixing & Maintenance, Performance Optimization & Monitoring, Feature Enhancements & Upgrades, Security Updates & Compliance, DevOps & MLOps Support]), Delivery Mode (Onshore, Offshore, Nearshore, Hybrid), Organization Size (Large Enterprises, SMES), Vertical (Industrial Manufacturing, Automotive & Transportation, Healthcare & Life Sciences, Aerospace & Defense, Semiconductors & Electronics, IT & Telecom, Banking, Financial Services, & Insurances (BFSI), Retail & Ecommerce, Energy & Utilities, Other Verticals), and Region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America). The report's scope covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the product engineering services market. A thorough analysis of the key industry players provided insights into their business overview, solutions, and services; key strategies; contracts, partnerships, agreements, new product & service launches, mergers and acquisitions; and recent product engineering services market developments. This report also covered the competitive analysis of upcoming startups in the product engineering services market ecosystem.

Benefits of Buying this Report

The report would provide market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall product engineering services market and its subsegments. It would help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. It also helps stakeholders understand the market's pulse and provides information on key market drivers, restraints, challenges, and opportunities.

The report provides insights into the following pointers:

• Market Dynamics: Key drivers (Automotive sector growth driving demand for product development services, increasing demand for accelerating TTM, Growing focus on product design to enhance customer experience), restraints (Toolchain Bloat and DevOps Sprawl reducing team efficiency), opportunities (Increase in number of innovative city projects, Legacy product modernization at scale, Growth of semiconductor and embedded system), and challenges (Lack of robust feedback loops and continuous management, Fragmented technology ecosystems)
• Product Development/Innovation: Detailed insights into upcoming technologies, research & development activities, and new product & service launches in the product engineering services market
• Market Development: Comprehensive information about lucrative markets - analysis of the product engineering services market across varied regions
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the product engineering services market
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players such IBM (US), HCL Tech (India), Cognizant (US), Capgemini (France), Alten Group (France), Accenture (Ireland), Wipro (India), LTIMindtree (India), AVL (Austria), Happiest Minds (India), TVSnext (US), Mphasis (India), Tech Mahindra (India), Cybage Software (India), Innominds (US), Infosys (India), SynergyTop (US), EPAM Systems (US), Brillio (US), GlobalLogic (US), Tata Consultancy Services (India), Nous Infosystems (India), Trigent Software (US), and Aspire Systems (India)

The report also helps stakeholders understand the pulse of the product engineering services market and provides them with information on key market drivers, restraints, challenges, and opportunities.

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 STUDY OBJECTIVES
• 1.2 MARKET DEFINITION
  • 1.2.1 INCLUSIONS AND EXCLUSIONS
• 1.3 MARKET SCOPE
  • 1.3.1 MARKET SEGMENTATION
  • 1.3.2 YEARS CONSIDERED
• 1.4 CURRENCY CONSIDERED
• 1.5 STAKEHOLDERS
• 1.6 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY

• 2.1 RESEARCH APPROACH
  • 2.1.1 SECONDARY DATA
  • 2.1.2 PRIMARY DATA
    • 2.1.2.1 Breakup of primary profiles
    • 2.1.2.2 Key industry insights
• 2.2 MARKET BREAKUP AND DATA TRIANGULATION
• 2.3 MARKET SIZE ESTIMATION
  • 2.3.1 TOP-DOWN APPROACH
  • 2.3.2 BOTTOM-UP APPROACH
  • 2.3.3 MARKET ESTIMATION APPROACHES
• 2.4 MARKET FORECAST
• 2.5 RESEARCH ASSUMPTIONS
• 2.6 RESEARCH LIMITATIONS

3 EXECUTIVE SUMMARY

4 PREMIUM INSIGHTS

• 4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN PRODUCT ENGINEERING SERVICES MARKET
• 4.2 PRODUCT ENGINEERING SERVICES MARKET, BY SERVICE TYPE, 2025 VS 2030
• 4.3 PRODUCT ENGINEERING SERVICES MARKET, BY DELIVERY MODE, 2025 VS 2030
• 4.4 PRODUCT ENGINEERING SERVICES MARKET, BY ORGANIZATION SIZE, 2025 VS 2030
• 4.5 PRODUCT ENGINEERING SERVICES MARKET, BY VERTICAL, 2025 VS 2030
• 4.6 PRODUCT ENGINEERING SERVICES MARKET: REGIONAL SCENARIO

5 MARKET OVERVIEW AND INDUSTRY TRENDS

• 5.1 INTRODUCTION
• 5.2 MARKET DYNAMICS
  • 5.2.1 DRIVERS
    • 5.2.1.1 Demand for accelerated TTM
    • 5.2.1.2 Need for continuous innovation and iteration
    • 5.2.1.3 Automotive sector growth
    • 5.2.1.4 Requirements for legacy application modernization
  • 5.2.2 RESTRAINTS
    • 5.2.2.1 Toolchain bloat and DevOps sprawl reducing team efficiency
  • 5.2.3 OPPORTUNITIES
    • 5.2.3.1 Growing number of smart city projects
    • 5.2.3.2 Increase in semiconductor and embedded systems
  • 5.2.4 CHALLENGES
    • 5.2.4.1 Lack of robust feedback loops and continuous management
    • 5.2.4.2 Fragmented technology ecosystems
• 5.3 CASE STUDY ANALYSIS
  • 5.3.1 E-COMMERCE PLATFORM MODERNIZATION FOR LEADING ATHLEISURE BRAND
  • 5.3.2 HOW SNACK EMPIRE STAYS VIBRANT
  • 5.3.3 HIGH-PERFORMANCE DATA ARCHITECTURE FOR GLOBAL OPERATIONS
  • 5.3.4 SOC PHYSICAL DESIGN IMPLEMENTATION IN TSMC 5NM FOR AMERICAN FABLESS SEMICONDUCTOR FIRM
  • 5.3.5 SILICON & PLATFORM ENGINEERING FOR V2X SOC OF KEY AUTOMOTIVE SEMICONDUCTOR SOLUTIONS SUPPLIER
• 5.4 ECOSYSTEM ANALYSIS
• 5.5 SUPPLY CHAIN ANALYSIS
• 5.6 PRICING ANALYSIS
  • 5.6.1 AVERAGE SELLING PRICE OF SERVICE PROVIDERS, BY REGION
  • 5.6.2 INDICATIVE PRICING ANALYSIS OF KEY PLAYERS, BY SERVICE
• 5.7 PATENT ANALYSIS
  • 5.7.1 LIST OF MAJOR PATENTS
• 5.8 TECHNOLOGY ANALYSIS
  • 5.8.1 KEY TECHNOLOGIES
    • 5.8.1.1 Embedded systems
    • 5.8.1.2 IoT engineering
    • 5.8.1.3 Cloud-native product engineering
  • 5.8.2 COMPLEMENTARY TECHNOLOGIES
    • 5.8.2.1 AI/ML integration
    • 5.8.2.2 5G & edge integration
  • 5.8.3 ADJACENT TECHNOLOGIES
    • 5.8.3.1 Digital twins
    • 5.8.3.2 Robotics engineering
• 5.9 REGULATORY LANDSCAPE
  • 5.9.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • 5.9.2 REGULATIONS, BY REGION
    • 5.9.2.1 North America
    • 5.9.2.2 Europe
    • 5.9.2.3 Asia Pacific
    • 5.9.2.4 Middle East & Africa
    • 5.9.2.5 Latin America
  • 5.9.3 REGULATORY IMPLICATIONS AND INDUSTRY STANDARDS
    • 5.9.3.1 General Data Protection Regulation
    • 5.9.3.2 SEC Rule 17a-4
    • 5.9.3.3 ISO/IEC 27001
    • 5.9.3.4 System and Organization Controls 2 Type II
    • 5.9.3.5 Financial Industry Regulatory Authority
    • 5.9.3.6 Freedom of Information Act
    • 5.9.3.7 Health Insurance Portability and Accountability Act
• 5.10 PORTER'S FIVE FORCES ANALYSIS
  • 5.10.1 THREAT OF NEW ENTRANTS
  • 5.10.2 THREAT OF SUBSTITUTES
  • 5.10.3 BARGAINING POWER OF SUPPLIERS
  • 5.10.4 BARGAINING POWER OF BUYERS
  • 5.10.5 INTENSITY OF COMPETITIVE RIVALRY
• 5.11 KEY STAKEHOLDERS AND BUYING CRITERIA
  • 5.11.1 KEY STAKEHOLDERS IN BUYING PROCESS
  • 5.11.2 BUYING CRITERIA
• 5.12 KEY CONFERENCES AND EVENTS, 2025-2026
• 5.13 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
• 5.14 BUSINESS MODEL ANALYSIS
  • 5.14.1 TIME AND MATERIAL (T&M) MODEL
  • 5.14.2 FIXED PRICE MODEL
  • 5.14.3 DEDICATED TEAM/OFFSHORE DEVELOPMENT CENTER (ODC)
  • 5.14.4 OUTCOME-BASED MODEL
• 5.15 INVESTMENT AND FUNDING SCENARIO
• 5.16 IMPACT OF AI/GENERATIVE AI ON PRODUCT ENGINEERING SERVICES MARKET
  • 5.16.1 CASE STUDY
    • 5.16.1.1 GenAI-powered operations ensure seamless service for millions of subscribers
  • 5.16.2 VENDOR INITIATIVE
    • 5.16.2.1 Capgemini
    • 5.16.2.2 EPAM Systems
• 5.17 IMPACT OF 2025 US TARIFF - PRODUCT ENGINEERING SERVICES MARKET
  • 5.17.1 INTRODUCTION
    • 5.17.1.1 Key tariff rates
    • 5.17.1.2 Price impact analysis
• 5.18 IMPACT ON REGION
  • 5.18.1 NORTH AMERICA
    • 5.18.1.1 US
    • 5.18.1.2 Canada
    • 5.18.1.3 Mexico
  • 5.18.2 EUROPE
    • 5.18.2.1 Germany
    • 5.18.2.2 France
  • 5.18.3 ASIA PACIFIC
    • 5.18.3.1 China
    • 5.18.3.2 India
    • 5.18.3.3 Australia

6 PRODUCT ENGINEERING SERVICES MARKET, BY SERVICE TYPE

• 6.1 INTRODUCTION
  • 6.1.1 SERVICE TYPE: PRODUCT ENGINEERING SERVICES MARKET DRIVERS
• 6.2 PRODUCT DESIGN & PROTOTYPING
  • 6.2.1 STRUCTURING EARLY-STAGE DEVELOPMENT THROUGH PRODUCT DESIGN AND PROTOTYPING
  • 6.2.2 CONCEPT & IDEATION
  • 6.2.3 UX/UI & INDUSTRIAL DESIGN
  • 6.2.4 OTHERS (MBSE, DESIGN FOR MANUFACTURABILITY (DFM)/DESIGN FOR TESTABILITY (DFT))
• 6.3 PRODUCT DEVELOPMENT
  • 6.3.1 ACCELERATING TIME-TO-MARKET THROUGH INTEGRATED ENGINEERING SOLUTIONS
  • 6.3.2 SOFTWARE PRODUCT DEVELOPMENT
  • 6.3.3 HARDWARE & EMBEDDED SYSTEMS DEVELOPMENT
  • 6.3.4 PROTOTYPING & MVP DEVELOPMENT
  • 6.3.5 INTEGRATION & INTERFACE DEVELOPMENT
• 6.4 TESTING & QUALITY ASSURANCE (QA)
  • 6.4.1 ENSURING PRODUCT RELIABILITY THROUGH COMPREHENSIVE QUALITY VALIDATION
  • 6.4.2 FUNCTIONAL & NON-FUNCTIONAL TESTING
  • 6.4.3 TEST AUTOMATION
  • 6.4.4 COMPLIANCE & CERTIFICATION
  • 6.4.5 VALIDATION & VERIFICATION (V&V)
• 6.5 PRODUCT MODERNIZATION & INTEGRATION
  • 6.5.1 TRANSFORMING LEGACY PRODUCTS INTO FUTURE-READY SOLUTIONS
  • 6.5.2 LEGACY SYSTEM MIGRATION
  • 6.5.3 PLATFORM RE-PLATFORMING
  • 6.5.4 ARCHITECTURAL OVERHAUL
  • 6.5.5 TECHNICAL DEBT REDUCTION
• 6.6 PROCESS ENGINEERING
  • 6.6.1 OPTIMIZING MANUFACTURING EFFICIENCY THROUGH SYSTEMATIC PROCESS INNOVATION
  • 6.6.2 MANUFACTURING ENGINEERING SUPPORT
  • 6.6.3 KBE (KNOWLEDGE-BASED ENGINEERING)
  • 6.6.4 MAINTENANCE, REPAIR & OPERATIONS (MRO)
• 6.7 REVERSE ENGINEERING
  • 6.7.1 COMPREHENSIVE COMPONENT ANALYSIS AND RECREATION
  • 6.7.2 3D SCANNING
  • 6.7.3 APPLICATION MODERNIZATION & MIGRATION
  • 6.7.4 OTHERS
• 6.8 PRODUCT SUSTENANCE & SUPPORT
  • 6.8.1 ENSURING LONG-TERM PRODUCT VALUE THROUGH SUSTENANCE AND SUPPORT
  • 6.8.2 BUG FIXING & MAINTENANCE
  • 6.8.3 PERFORMANCE OPTIMIZATION & MONITORING
  • 6.8.4 FEATURE ENHANCEMENTS & UPGRADES
  • 6.8.5 SECURITY UPDATES & COMPLIANCE
  • 6.8.6 DEVOPS & MLOPS SUPPORT

7 PRODUCT ENGINEERING SERVICES MARKET, BY DELIVERY MODE

• 7.1 INTRODUCTION
  • 7.1.1 DELIVERY MODE: PRODUCT ENGINEERING SERVICES MARKET DRIVERS
• 7.2 ONSHORE
  • 7.2.1 MAXIMIZING PES VALUE THROUGH STRATEGIC ONSHORE DELIVERY EXCELLENCE
• 7.3 OFFSHORE
  • 7.3.1 SCALING GLOBAL EXECUTION WITH OFFSHORE ENGINEERING HUBS
• 7.4 NEARSHORE
  • 7.4.1 BALANCING COST AND COLLABORATION WITH NEARSHORE ENGINEERING DELIVERY
• 7.5 HYBRID
  • 7.5.1 MAXIMIZING DELIVERY FLEXIBILITY THROUGH HYBRID ENGINEERING MODELS

8 PRODUCT ENGINEERING SERVICES MARKET, BY ORGANIZATION SIZE

• 8.1 INTRODUCTION
  • 8.1.1 ORGANIZATION SIZE: PRODUCT ENGINEERING SERVICES MARKET DRIVERS
• 8.2 LARGE ENTERPRISES
  • 8.2.1 EMPOWERING COMPLEX ENGINEERING PROGRAMS FOR LARGE ENTERPRISES
• 8.3 SMES
  • 8.3.1 ACCELERATING AGILE INNOVATION FOR SMES IN PRODUCT ENGINEERING

9 PRODUCT ENGINEERING SERVICES MARKET, BY VERTICAL

• 9.1 INTRODUCTION
  • 9.1.1 VERTICAL: PRODUCT ENGINEERING SERVICES MARKET DRIVERS
• 9.2 INDUSTRIAL MANUFACTURING
  • 9.2.1 DRIVING OPERATIONAL EFFICIENCY AND SMART INNOVATION IN INDUSTRIAL MANUFACTURING
  • 9.2.2 INDUSTRIAL MANUFACTURING: USE CASES
    • 9.2.2.1 Industry 4.0
    • 9.2.2.2 IoT for smart factories
    • 9.2.2.3 Digital twins
    • 9.2.2.4 Others (PLC & HMI development, predictive maintenance solutions)
• 9.3 AUTOMOTIVE & TRANSPORTATION
  • 9.3.1 ELECTRIFICATION AND SMART MOBILITY SOLUTIONS FOR SUSTAINABLE TRANSPORTATION
  • 9.3.2 AUTOMOTIVE & TRANSPORTATION: USE CASES
    • 9.3.2.1 Connected cars
    • 9.3.2.2 ADAS
    • 9.3.2.3 Infotainment
    • 9.3.2.4 Others (Battery management systems (BMS), Over-the-Air (OTA) updates, vehicle diagnostics & telematics)
• 9.4 HEALTHCARE & LIFE SCIENCES
  • 9.4.1 ENABLING INTELLIGENT, COMPLIANT HEALTHCARE SYSTEMS
  • 9.4.2 HEALTHCARE & LIFE SCIENCES: USE CASES
    • 9.4.2.1 Medical devices
    • 9.4.2.2 E-health platforms
    • 9.4.2.3 Telemedicine
    • 9.4.2.4 Others (remote monitoring, workflow automation)
• 9.5 AEROSPACE & DEFENSE
  • 9.5.1 PRECISION ENGINEERING FOR HIGH-STAKES AEROSPACE & DEFENSE SYSTEMS
  • 9.5.2 AEROSPACE & DEFENSE: USE CASES
    • 9.5.2.1 Avionics
    • 9.5.2.2 Defense systems
    • 9.5.2.3 Simulation and training
    • 9.5.2.4 Others (UAS development, satellite communication systems)
• 9.6 SEMICONDUCTOR & ELECTRONICS
  • 9.6.1 ENABLING SMARTER, FASTER, HIGH-DENSITY ELECTRONICS
  • 9.6.2 SEMICONDUCTOR & ELECTRONICS: USE CASES
    • 9.6.2.1 Chip design & development
    • 9.6.2.2 Embedded systems & firmware engineering
    • 9.6.2.3 Testing & validation (DFT, DFM, DFT)
    • 9.6.2.4 Others (hardware board design, EDA toolchain automation, smart device engineering)
• 9.7 IT & TELECOM
  • 9.7.1 ENGINEERING INTELLIGENT CONNECTIVITY FOR DIGITAL ERA
  • 9.7.2 IT & TELECOM: USE CASES
    • 9.7.2.1 Network function virtualization (NFV) & SDN product development
    • 9.7.2.2 5G infrastructure enablement
    • 9.7.2.3 Others (OSS/BSS platform modernization, cloud-native SaaS platform development, telecom hardware & embedded systems design)
• 9.8 BFSI
  • 9.8.1 BUILDING SECURE AND SCALABLE PLATFORMS FOR FINANCIAL OPERATIONS
  • 9.8.2 BFSI: USE CASES
    • 9.8.2.1 Fintech solutions
    • 9.8.2.2 Digital banking
    • 9.8.2.3 Trading platforms
    • 9.8.2.4 Others (Insurtech, Regtech tools)
• 9.9 RETAIL & E-COMMERCE
  • 9.9.1 PRODUCT ENGINEERING FOR SEAMLESS RETAIL JOURNEYS
  • 9.9.2 RETAIL & E-COMMERCE: USE CASES
    • 9.9.2.1 Digital commerce platforms
    • 9.9.2.2 Personalized shopping experiences
    • 9.9.2.3 Others (Retail analytics, in-store automation)
• 9.10 ENERGY & UTILITIES
  • 9.10.1 ENGINEERING RESILIENT AND INTELLIGENT ENERGY & UTILITY SYSTEMS FOR MODERN GRIDS
  • 9.10.2 ENERGY & UTILITIES: USE CASES
    • 9.10.2.1 Smart grid solutions
    • 9.10.2.2 Scada systems engineering
    • 9.10.2.3 Others (renewable energy management platforms, field service & mobility solutions)
• 9.11 OTHER VERTICALS

10 PRODUCT ENGINEERING SERVICES MARKET, BY REGION

• 10.1 INTRODUCTION
• 10.2 NORTH AMERICA
  • 10.2.1 NORTH AMERICA: MARKET DRIVERS
  • 10.2.2 NORTH AMERICA: MACROECONOMIC OUTLOOK
  • 10.2.3 US
    • 10.2.3.1 Enhancing engineering precision and speed with generative AI
  • 10.2.4 CANADA
    • 10.2.4.1 Government-funded network to drive market
• 10.3 EUROPE
  • 10.3.1 EUROPE: MARKET DRIVERS
  • 10.3.2 EUROPE: MACROECONOMIC OUTLOOK
  • 10.3.3 UK
    • 10.3.3.1 Use of 5G to increase factory output to advance Industry 4.0
  • 10.3.4 GERMANY
    • 10.3.4.1 Mittelstand-Digital Initiative creating networks between stakeholders
  • 10.3.5 FRANCE
    • 10.3.5.1 Major producer of professional electronics
  • 10.3.6 ITALY
    • 10.3.6.1 Leveraging public R&D investments to drive engineering innovation
  • 10.3.7 REST OF EUROPE
• 10.4 ASIA PACIFIC
  • 10.4.1 ASIA PACIFIC: MARKET DRIVERS
  • 10.4.2 ASIA PACIFIC: MACROECONOMIC OUTLOOK
  • 10.4.3 CHINA
    • 10.4.3.1 NEV revolutionizing product engineering
  • 10.4.4 JAPAN
    • 10.4.4.1 Prominent manufacturing sector and auto parts suppliers
  • 10.4.5 INDIA
    • 10.4.5.1 Accelerating product engineering growth with innovation and government support
  • 10.4.6 REST OF ASIA PACIFIC
• 10.5 MIDDLE EAST & AFRICA
  • 10.5.1 MIDDLE EAST & AFRICA: MARKET DRIVERS
  • 10.5.2 MIDDLE EAST & AFRICA: MACROECONOMIC OUTLOOK
  • 10.5.3 GULF COOPERATION COUNCIL (GCC)
    • 10.5.3.1 UAE
      • 10.5.3.1.1 Rising popularity of SCADA in construction industry
    • 10.5.3.2 Saudi Arabia
      • 10.5.3.2.1 Strong economy to drive technology manufacturing growth
    • 10.5.3.3 Rest of GCC
      • 10.5.3.3.1 Unlocking regional potential with agile product development
  • 10.5.4 SOUTH AFRICA
    • 10.5.4.1 Resurgence of tech workforce and push for industrial innovation
  • 10.5.5 REST OF MIDDLE EAST & AFRICA
• 10.6 LATIN AMERICA
  • 10.6.1 LATIN AMERICA: MARKET DRIVERS
  • 10.6.2 LATIN AMERICA: MACROECONOMIC OUTLOOK
  • 10.6.3 BRAZIL
    • 10.6.3.1 Elevating product engineering through innovation in aerospace and maritime
  • 10.6.4 MEXICO
    • 10.6.4.1 Rising investment in R&D and technology-driven manufacturing
  • 10.6.5 REST OF LATIN AMERICA

11 COMPETITIVE LANDSCAPE

• 11.1 INTRODUCTION
• 11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2022-2025
• 11.3 MARKET SHARE ANALYSIS, 2024
• 11.4 REVENUE ANALYSIS, 2020-2024
• 11.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024
  • 11.5.1 STARS
  • 11.5.2 EMERGING LEADERS
  • 11.5.3 PERVASIVE PLAYERS
  • 11.5.4 PARTICIPANTS
  • 11.5.5 COMPANY FOOTPRINT: KEY PLAYERS, 2024
    • 11.5.5.1 Company footprint
    • 11.5.5.2 Region footprint
    • 11.5.5.3 Service type footprint
    • 11.5.5.4 Vertical footprint
• 11.6 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024
  • 11.6.1 PROGRESSIVE COMPANIES
  • 11.6.2 RESPONSIVE COMPANIES
  • 11.6.3 DYNAMIC COMPANIES
  • 11.6.4 STARTING BLOCKS
  • 11.6.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024
    • 11.6.5.1 Detailed list of key startups/SMEs
    • 11.6.5.2 Competitive benchmarking of startups/SMEs
• 11.7 COMPANY VALUATION AND FINANCIAL METRICS
  • 11.7.1 COMPANY VALUATION
  • 11.7.2 FINANCIAL METRICS
• 11.8 BRAND/PRODUCT COMPARISON
  • 11.8.1 IBM (PRODUCT DESIGN & ENGINEERING SERVICES)
  • 11.8.2 HCL TECHNOLOGIES (PRODUCT ENGINEERING SERVICES)
  • 11.8.3 COGNIZANT (SOFTWARE ENGINEERING SERVICES)
  • 11.8.4 CAPGEMINI (SOFTWARE PRODUCT ENGINEERING)
  • 11.8.5 ALTEN GROUP (SOFTWARE ENGINEERING SERVICES)
• 11.9 COMPETITIVE SCENARIO
  • 11.9.1 PRODUCT LAUNCHES AND ENHANCEMENT
  • 11.9.2 DEALS

12 COMPANY PROFILES

• 12.1 INTRODUCTION
• 12.2 MAJOR PLAYERS
  • 12.2.1 ACCENTURE
    • 12.2.1.1 Business overview
    • 12.2.1.2 Products/Solutions/Services offered
    • 12.2.1.3 Recent developments
      • 12.2.1.3.1 Deals
    • 12.2.1.4 MnM view
      • 12.2.1.4.1 Right to win
      • 12.2.1.4.2 Strategic choices
      • 12.2.1.4.3 Weaknesses and competitive threats
  • 12.2.2 CAPGEMINI
    • 12.2.2.1 Business overview
    • 12.2.2.2 Products/Solutions/Services offered
    • 12.2.2.3 Recent developments
      • 12.2.2.3.1 Product launches and enhancements
      • 12.2.2.3.2 Deals
      • 12.2.2.3.3 Expansions
    • 12.2.2.4 MnM view
      • 12.2.2.4.1 Right to win
      • 12.2.2.4.2 Strategic choices
      • 12.2.2.4.3 Weaknesses and competitive threats
  • 12.2.3 TCS
    • 12.2.3.1 Business overview
    • 12.2.3.2 Products/Solutions/Services offered
    • 12.2.3.3 Recent developments
      • 12.2.3.3.1 Product launches and enhancements
      • 12.2.3.3.2 Deals
    • 12.2.3.4 MnM view
      • 12.2.3.4.1 Right to win
      • 12.2.3.4.2 Strategic choices
      • 12.2.3.4.3 Weaknesses and competitive threats
  • 12.2.4 COGNIZANT
    • 12.2.4.1 Business overview
    • 12.2.4.2 Products/Solutions/Services offered
    • 12.2.4.3 Recent developments
      • 12.2.4.3.1 Product launches and enhancements
      • 12.2.4.3.2 Deals
    • 12.2.4.4 MnM view
      • 12.2.4.4.1 Right to win
      • 12.2.4.4.2 Strategic choices
      • 12.2.4.4.3 Weaknesses and competitive threats
  • 12.2.5 HCL TECHNOLOGIES
    • 12.2.5.1 Business overview
    • 12.2.5.2 Products/Solutions/Services offered
    • 12.2.5.3 Recent developments
      • 12.2.5.3.1 Product launches and enhancements
      • 12.2.5.3.2 Deals
    • 12.2.5.4 MnM view
      • 12.2.5.4.1 Right to win
      • 12.2.5.4.2 Strategic choices
      • 12.2.5.4.3 Weaknesses and competitive threats
  • 12.2.6 IBM
    • 12.2.6.1 Business overview
    • 12.2.6.2 Products/Solutions/Services offered
    • 12.2.6.3 Recent developments
      • 12.2.6.3.1 Product launches and enhancements
      • 12.2.6.3.2 Deals
  • 12.2.7 WIPRO
    • 12.2.7.1 Business overview
    • 12.2.7.2 Products/Solutions/Services offered
    • 12.2.7.3 Recent developments
      • 12.2.7.3.1 Deals
      • 12.2.7.3.2 Expansions
  • 12.2.8 ALTEN GROUP
    • 12.2.8.1 Business overview
    • 12.2.8.2 Products/Solutions/Services offered
    • 12.2.8.3 Recent developments
      • 12.2.8.3.1 Deals
  • 12.2.9 LTIMINDTREE
    • 12.2.9.1 Business overview
    • 12.2.9.2 Products/Solutions/Services offered
    • 12.2.9.3 Recent developments
      • 12.2.9.3.1 Product launches and enhancements
      • 12.2.9.3.2 Deals
      • 12.2.9.3.3 Expansions
  • 12.2.10 AVL
    • 12.2.10.1 Business overview
    • 12.2.10.2 Products/Solutions/Services offered
    • 12.2.10.3 Recent developments
      • 12.2.10.3.1 Deals
• 12.3 OTHER PLAYERS
  • 12.3.1 HAPPIEST MINDS
  • 12.3.2 NEST DIGITAL
  • 12.3.3 TVS NEXT
  • 12.3.4 MPHASIS
  • 12.3.5 NOUS INFOSYSTEMS
  • 12.3.6 EPAM SYSTEMS
  • 12.3.7 TECH MAHINDRA
  • 12.3.8 TRIGENT SOFTWARE
  • 12.3.9 SEGULA TECHNOLOGIES
  • 12.3.10 SYSVINE TECHNOLOGIES
  • 12.3.11 ASPIRE SYSTEMS
  • 12.3.12 BRILLIO
  • 12.3.13 CYBAGE
  • 12.3.14 GLOBALLOGIC
  • 12.3.15 GLOBANT
  • 12.3.16 HARMAN
  • 12.3.17 INNOMINDS
  • 12.3.18 PERSISTENT SYSTEMS
  • 12.3.19 SONATA SOFTWARE
  • 12.3.20 UST
  • 12.3.21 TO THE NEW
  • 12.3.22 INFOSYS
  • 12.3.23 DAFFODIL SOFTWARE
  • 12.3.24 BLUE COPPER TECHNOLOGIES
  • 12.3.25 SYNERGYTOP
  • 12.3.26 THOUGHT&FUNCTION

13 ADJACENT/RELATED MARKETS

• 13.1 INTRODUCTION
  • 13.1.1 RELATED MARKETS
  • 13.1.2 LIMITATIONS
• 13.2 SIMULATION SOFTWARE MARKET
• 13.3 IOT ENGINEERING SERVICES MARKET

14 APPENDIX

• 14.1 DISCUSSION GUIDE
• 14.2 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
• 14.3 CUSTOMIZATION OPTIONS
• 14.4 RELATED REPORTS
• 14.5 AUTHOR DETAILS