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