Press release
Global Product Engineering Services Market Growth, Size, Share, Industry Report and Forecast 2020-2026
Global product engineering services market is projected to grow at a significant CAGR of around 9.5% during the forecast period (2020-2026). The growth of the product engineering services market across the globe is backed by the rising integration of advanced technologies, such as IoT, AI, Big Data, and others. With the rising adoption of automation, AI, IIoT (industrial internet of things), the demand for technologically advanced services is increasing across the globe. Therefore, there are several market players that are expanding their product base with these emerging technologies. VOLANSYS Technologies and Persistent Systems are among the major providers of IoT-based product engineering services.To Request a Sample of our Report on Global Product Engineering Services Market: https://www.omrglobal.com/request-sample/product-engineering-services-market
Businesses are integrating AI in products engineering services, to decrease the processing time and increase the TTM (Time To Market). Therefore, IoT and AI can be regarded as the game changer of the product engineering services market during the forecast period. Moreover, the governments in the emerging economies, such as India and China, are focusing on promoting the industrial sector in the respective countries with the introduction of subsidies and initiatives for SMEs. This, in turn, is offering growth to the manufacturing sector in these economies, which will offer growth opportunity to the market players offering advanced technologies in products engineering services to expand their market base in these economies.
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A full Report of Global Product Engineering Services Market is Available at: https://www.omrglobal.com/industry-reports/product-engineering-services-market
Key questions addressed by the report
What is the market growth rate during the forecast period?
· Which segment/region dominates the market in base year?
· Which segment/region will project fastest growth in the market during the forecast period?
· How COVID-19 will impact the market growth in 2020 and coming years?
Ø Recovery Timeline
Ø Deviation from pre-COVID-19
Ø Most affected segment/region
Ø Recommendations
· Who is the leader in the market?
· How players are addressing challenges to sustain growth?
· Where is the investment opportunity?
Global Product Engineering Services Market – Segmentation
By Service
Ø Product and Component Design
· New Product Development
· Design Support Services
· Software Engineering
· Hardware Engineering
· Others
· Process Engineering
· Maintenance, Repair, and Operations
· Others
By Organization Size
· Small and Medium Enterprises (1000 Employees)
By End-Use Industry
· Healthcare
· Automotive
· Aerospace & Defence
· Energy & Utilities
· Industrial Manufacturing
· Others
Global Product Engineering Services Market – Segmentation
North America
· United States
· Canada
Europe
· UK
· Germany
· Spain
· France
· Italy
· Rest of Europe
Asia-Pacific
· India
· China
· Japan
· South Korea
· Rest of APAC
Rest of The World
· Latin America
· Middle East & Africa
Reasons to Buy from us –
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/product-engineering-services-market
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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