Press release
Product Engineering Services Market: Harnessing Digital Transformation and AI for Exponential Growth
Product Engineering Services Market Size
Projected to Reach $1610.62 Billion by 2029 with a CAGR of 8.9%
What Is The Projected Market Size Of The Global Product Engineering Services Market And Its Growth Rate?
• The Product Engineering Services market is expected to grow from $1057.6 billion in 2024 to $1146.71 billion in 2025 at a CAGR of 8.4%.
• By 2029, the market size is projected to reach $1610.62 billion with a CAGR of 8.9%.
Several factors are contributing to this growth, including increasing complexity of products, consumer expectations, digital transformation, sustainability initiatives, remote work dynamics, cybersecurity concerns, AI and ML integration, and Industry 4.0 adoption.
What Is Driving The Growth In The Product Engineering Services Market?
The surge in internet penetration is playing a crucial role in promoting the growth of the Product Engineering Services market. Companies are leveraging internet-based systems, facilitated by product engineering services like software engineering, to meet growing consumer demands. For example, the number of internet users in the UK rose by 224 thousand between 2022 and 2023 to reach 66.11 million. This increase in internet penetration is anticipated to boost the demand for product engineering services in the coming years.
Request A Free Sample Copy:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7135&type=smp
Who Are the Key Players Driving Product Engineering Services Market Growth?
• Alten SA
• AVL List GmbH
• HCL Technologies Limited
• AKKA Technologies SE
• International Business Machines Corporation
• Accentur*e plc
• ÅF Pöyry AB
• Altran Technologies SA
• Capgemini SE
• Cognizant Technology Solutions
What Are The Key Trends In The Product Engineering Services Market?
• Technological advancements
• Digital twin adoption
• Edge computing solutions
• 5G technology implementation
• Remote collaboration tools
• Customization and personalization
What Are The Segments Of The Global Product Engineering Services Market?
• Service Type: Product And Component Design, Process Engineering, Maintenance, Repair And Operations, Other Service Types
• Organization Size: SMEs, Large Enterprises
• Verticals: Automotive And Transportation, Aerospace And Defense, Healthcare, IT And Telecom, Industrial Manufacturing, Energy And utilities, Media And entertainment, BFSI, Other Verticals
Which Region Leads The Product Engineering Services Market?
North America was the largest region in the Product Engineering Services market in 2024. However, the Asia-Pacific region is expected to record the fastest growth within the forecast period. The other regions covered in the report include Western Europe, Eastern Europe, South America, Middle East, and Africa.
Pre-book the Report for Swift Delivery:
https://www.thebusinessresearchcompany.com/report/product-engineering-services-global-market-report
What Is Covered In The Product Engineering Services Market Global Market Report?
• Market Size Analysis: Analyze the Product Engineering Services Market size by key regions, countries, product types, and applications.
• Market Segmentation Analysis: Identify various subsegments within the Product Engineering Services Market for effective categorization.
• Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
• Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
• Market Contribution: Evaluate contributions of different segments to the overall Product Engineering Services Market growth.
• Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
• Industry Challenges: Analyze challenges and risks affecting the Product Engineering Services Market.
• Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Request Customization for This Report:
https://www.thebusinessresearchcompany.com/Customise?id=7135&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
"Learn More About The Business Research Company
The Business Research Company offers comprehensive, data-rich research and insights. With over 15,000+ reports from 27 industries covering 60+ geographies and armed with 1,500,000 datasets, it thrives on in-depth secondary research and unique insights from industry leaders for informed decision-making. The Global Market Model (GMM) remains its premier market intelligence platform delivering comprehensive and updated forecasts."
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Product Engineering Services Market: Harnessing Digital Transformation and AI for Exponential Growth here
News-ID: 3819861 • Views: …
More Releases from The Business research company
Emerging Markets And Increasing Disposable Income Fueling Diamond Market Growth: …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Diamond Market Through 2025?
In the past few years, there has been a stable expansion in the diamond market size. The prediction is it will increase from $1.33 billion in 2024 to $1.39 billion in 2025, boasting a compound annual growth rate…
2025-2034 Nonmetallic Minerals Mining Support Activities Market Outlook: Key Dri …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Nonmetallic Minerals Mining Support Activities Industry Market Size Be by 2025?
In the past few years, there has been a robust expansion in the size of the nonmetallic minerals mining support activities market. It is projected to escalate from $34.04 billion in 2024 to $36.55 billion…
Professional Street Sweeper Industry Outlook 2025-2029: Market Set to Cross $3.1 …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Professional Street Sweeper Market Size By 2025?
The market size of professional street sweepers has seen significant expansion in the past few years. The market, predicted to rise from $2.37 billion in 2024 to $2.5 billion in 2025, boasts a compound annual growth rate (CAGR)…
Key Trends Reshaping the Industrial Wet Dust Collector Market: Advanced Filtrati …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Industrial Wet Dust Collector Market Size Growth Forecast: What to Expect by 2025?
In recent times, there has been a robust growth in the size of the industrial wet dust collector market. It is expected to swell from $1.89 billion in 2024 to $2 billion by 2025, showing a…
More Releases for Product
Genstore Ranks #1 Product of the Day on Product Hunt
Los Angeles - September 11, 2025 - Genstore [https://www.genstore.ai/], an AI-native e-commerce platform, ranked #1 Product of the Day on Product Hunt and emerged as one of the week's top-trending products. The recognition underscores strong community support for Genstore's mission to make advanced commerce simple, accessible, and cost-efficient for small and medium-sized businesses worldwide.
Image: https://www.globalnewslines.com/uploads/2025/09/ab03aa9cb9a17e4c42e998d53f216bde.jpg
"Genstore lets anyone start selling online with just a prompt. But of course, that's just the…
Large Volume Parenteral Product Market New Product Development & Latest Trends
The global Large Volume Parenteral (LVP) market is poised for significant growth, projected to reach a value of approximately $12.5 billion in 2024. During the forecast period from 2025 to 2034, the market is expected to expand at a robust Compound Annual Growth Rate (CAGR) of 6.5%, culminating in an estimated market value of $22 billion by 2034.
Exactitude Consultancy., Ltd. released a research report offers a comprehensive examination of the…
Product technology, product usage tips, industry trends
Product Craftsmanship: Yiwu LABON Stationery Co., Ltd. Showcases Superior Craftsmanship in OEM Notebooks
Yiwu LABON Stationery Co., Ltd., established in 2003, has built a reputation for exceptional craftsmanship in the OEM notebook industry. Our factory-based company combines traditional techniques with modern innovation to create notebooks that stand out for their quality and design. Each notebook crafted by Yiwu LABON represents a meticulous process where attention to detail and precision are paramount.…
Product List: The Ultimate Destination for Product and Deal Discovery
Finding the right product or tool to suit your needs can be a daunting task, and securing the best deal on them can be equally challenging.
Each day, plenty of tools are launched, each with unique use cases. Individuals across various industries can benefit from these tools as they simplify their tasks compared to traditional methods. However, it's essential to consider the cost, as some tools are free while others come…
Logistics Packaging Market Enhance Product Safety, Maintain Product Quality, Ext …
MarketResearchReports.Biz presents this most up-to-date research on "Logistics Packaging Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028"
The global logistics sector continues to develop at an impressive rate. As a result, the packaging industry is undergoing enormous changes with specified focus on posing innovative packaging tools/products to various industry verticals. Logistics packaging is primarily done to enhance product safety, maintain product quality, extended product storage, and cater to other aspects…
Product News: Release of Product Update
Here’s some important product news for EXA40/EXA24160 and EXA48600/EXA32100. The last software versions include several new features that improve our solutions further. Our latest product update is part of our ongoing effort to offer better and improved products to meet the needs of the changing network infrastructure.
EXA40/EXA24160 Version 1.6.2
Generic Header Stripping
By now the EXA40/EXA24160 supports a generic header stripping function. This function allows removing encapsulations by defining an offset (in…
