Engineering Services Global Market By Service Type, By Location, By Enterprize Size, By Application, By Region And Segment Forecasts, 2023-2032 | Infosys, WorleyParsons, Deaton Engineering, Inc., Aricent Group, GlobalLogic.
As per the engineering services market report by The Business Research Company, the engineering services market is expected to benefit from steady economic growth in developed and developing countries. The International Monetary Fund (IMF) predicts that global real GDP growth will be 3.6% from 2021 to 2023.
The global engineering services market size will grow from $1,110.21 billion in 2022 to $1,156.5 billion in 2023 at a compound annual growth rate (CAGR) of 4.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global engineering services market size is expected to grow to $1,316.06 billion in 2027 at a CAGR of 3.3%.
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Major competitors in the engineering services market include Tata Consulting Services (TCS), Infosys, WorleyParsons, Deaton Engineering, Inc., Aricent Group, Cybage Software Pvt. Ltd., EPAM Systems; Inc. and GlobalLogic.
The engineering services market is segmented -
• By Type: Civil Engineering Services, Environmental Engineering Services, Construction Engineering Services, Mechanical Engineering Services, Other Engineering Services
• By End User: Automotive, Industrial Manufacturing, Healthcare Sector, Aerospace, Telecommunications, Information Technology, Energy & Utilities, Other End Users
• By Engineering Disciplines: Civil, Mechanical, Electrical, Piping and Structural Engineering
• By Delivery Model: Offshore, Onsite
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. North America was the largest region in the Engineering services market.
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Engineering services can provide extensive consultation to a company needing expert advice and solutions. Engineering services firms can accept the project and work on evaluating, designing, simulating, and testing the product.
The Table Of Content For The Engineering Services Market Include:
1. Executive Summary
2. Engineering Services Market Characteristics
3. Engineering Services Market Trends And Strategies
4. Engineering Services Market - Macro Economic Scenario
5. Engineering Services Market Size And Growth
26. Africa Engineering Services Market
27. Engineering Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Engineering Services Market
29. Engineering Services Market Future Outlook and Potential Analysis
The "Global Engineering Services Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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