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Asia-Pacific Product Engineering Services Market 2023 Driving Factors Forecast Research 2029

08-29-2023 12:15 PM CET | IT, New Media & Software

Press release from: Orion Market Research

Asia-Pacific Product Engineering Services Market 2023 Driving

Asia-Pacific product engineering services market is projected to grow at a significant CAGR of around 9.5% during the forecast period. The growth of the product engineering services market in Asia-Pacific is backed by the presence of end-use industries of product engineering services on a large scale. China contributes a major share in the product engineering services market in Asia-Pacific. This is due to the fact that China is the largest manufacturer of automotive and industrial manufacturing, and an emerging economy in the healthcare and energy & utilities sector, which is advancing with the adoption of advanced technology services in the manufacturing industry.

Moreover, the presence of number of contract research organizations (CRO) and contract manufacturing organizations (CMO) is further curtailing to the rise in the demand for product engineering services in the country. Likewise, India, Singapore, and Vietnam are among the Asia-Pacific economies that are witnessing a huge growth in the manufacturing sector, which in turn, is driving the market growth in Asia-Pacific. Furthermore, the supportive government initiatives for the SMEs in India and China, such as Credit Guarantee Trust Fund for Micro & Small Enterprises (CGTMSE) and Coir Vikas Yojna (CVY) policies of India for SMEs is further expected to escalate the market growth during the forecast period.

To Request a Sample of our Report on Asia-Pacific Product Engineering Services Market: https://www.omrglobal.com/request-sample/asia-pacific-product-engineering-services-market

Asia-Pacific Product Engineering Services Market - Segmentation

By Service

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 & Defense
Energy & Utilities
Industrial Manufacturing
Others 

A full Report of Asia-Pacific Product Engineering Services Market is Available at: https://www.omrglobal.com/industry-reports/asia-pacific-product-engineering-services-market

Asia-Pacific Product Engineering Services Market - Segmentation

China
Japan
India

Rest of Asia-Pacific

Company Profiles

Alten Group
Altran (Capgemini Service SAS)
Cognizant Organization Size Solutions Corp.
Cygnet Group of Companies
Damco Group
IBM Corp.
Infosys Ltd.
iPraxa Inc.
Iris Software, Inc.
Mistral Solutions Pvt. Ltd.
Sourceedge Software Technologies Pvt. Ltd.
Wipro Ltd.

Reasons to buy from us -

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
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/asia-pacific-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. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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