Elevating Engineering Services With Artificial Intelligence Driver: A Major Catalyst in the Evolution of the Engineering Services Market in 2025

What industry-specific factors are fueling the growth of the engineering services market?
The surge in the utilization of artificial intelligence is predicted to drive the expansion of the engineering services market. Engineering services are defined as creative work or services that necessitate engineering education, practical training, and the application of specialized knowledge in mathematical, physical, and engineering sciences. Employing artificial intelligence in engineering services will boost efficiency, productivity, and profitability, and also pave the way for new job roles and opportunities. For example, AI Index Report 2023 from Stanford University, a renowned private research institution in the US, asserts that the number of companies integrating AI in 2022 has seen a twofold increase in the last six years, although the adoption rate has remained steady recently, ranging between 50% and 60%. Consequently, the escalating utilization of artificial intelligence is propelling the growth of the engineering services market.

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What Is the projected market size and growth rate for the engineering services market?
There has been a consistent expansion in the size of the engineering services market in the previous few years. The market, worth $1113.21 billion in 2024, is projected to increase to $1151.36 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 3.4%. The notable growth observed in this period is credited to a surge in the need for industrial robots, an uptick in industrial automation, and the execution of industry 4.0.

The engineering services sector is poised for a consistent expansion in the coming years, reaching a market value of $1323.57 billion in 2029, with a compound annual growth rate (CAGR) of 3.5%. Factors empowering this projected growth in the forecast period encompass the surge in digitalization, growing dependence on IoT (internet of things) solutions for smart manufacturing, emergent role of robotics in the construction realm, governmental funding towards the aviation industry, on-going evolution of smart cities, and the swift embracement of progressive technologies. Upcoming trends during this forecast period involve an emphasis on partnerships and collaborations, implementation of artificial intelligence, application of blockchain technology, investment towards the creation of smart cities, investment in low-code development, prioritizing environmentally sustainable building services, and adaptations of Industry 4.0.

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What new trends are reshaping the engineering services market and its opportunities?
Prominent players in the engineering services market, such as RICOH, are creating cutting-edge products like the Remote Patient Monitoring (RPM) Enablement to address healthcare staffing concerns in the face of an unparalleled industry burnout predicament. The RICOH RPM Enablement is a comprehensive managed service solution for health systems, aimed at enhancing the efficiency and sustainability of RPM workflows, thereby enhancing patient and healthcare delivery team experiences. For instance, in October 2023, Ricoh USA Inc., an American software company, introduced the RICOH Remote Patient Monitoring (RPM) Enablement. This full-service solution for healthcare providers seamlessly integrates into existing virtual care programs supporting the implementation of remote patient monitoring devices, including inventory monitoring, logistics, and device recall. This service is especially crucial at this juncture when health systems are simultaneously dealing with an extreme transition towards virtual care and an acute shortage of healthcare professionals.

What major market segments define the scope and growth of the engineering services market?
The engineering services market covered in this report is segmented -

1) By Type: Civil Engineering Services, Electrical Engineering Services, Mechanical Engineering Services, Others Engineering Services
3) By Engineering Disciplines: Civil, Mechanical, Electrical, Piping and Structural Engineering, Other Engineering Disciplines
2) By End-User: Transportation Infrastructure, Other Infrastructure, Automotive, Industrial Manufacturing, Healthcare Sector, Aerospace, Telecommunications, Information Technology, Oil And Gas, Energy And Utilities, Other End-Users

Subsegments:
1) By Civil Engineering Services: Structural Engineering, Geotechnical Engineering, Transportation Engineering, Environmental Engineering, Construction Management
2) By Electrical Engineering Services: Power Systems Engineering, Telecommunications Engineering, Control Systems Engineering, Electronics Design Engineering, Lighting Design
3) By Mechanical Engineering Services: Product Design and Development, HVAC (Heating, Ventilation, and Air Conditioning) Engineering, Robotics and Automation, Thermal Engineering, Manufacturing Engineering
4) By Other Engineering Services: Chemical Engineering Services, Aerospace Engineering Services, Software Engineering Services, Industrial Engineering Services, Marine Engineering Services

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Which region dominates the engineering services market?
North America was the largest region in the engineering services market in 2024. Western Europe was the second largest region in the global engineering services market share. The regions covered in the engineering services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Which key market leaders are driving the engineering services industry growth?
Major companies operating in the engineering services market include AECOM, WorleyParsons Limited, Babcock International, Fluor Corporation, Bechtel Corporation, Kiewit Corporation, WSP Global Inc, John Wood Group PLC, NV5 Global Inc, Arup Group, DNV, SGS S.A, ICS Engineering Services, Engineers India Limited, Laserbond, Cyient, Wipro, Samsung Engineering, Porsche Engineering (Shanghai) Co Ltd, Hyundai Engineering (HEC), UGL, Cybage Software Pvt. Ltd, China Overseas Engineering Group, China Engineering Consultants, Inc. (CECI), China International Engineering Consulting Corporation, SMEC, ALTEN Group, JLL engineering services, Dyson UK, Stork, SNC Lavalin, J. Murphy & Sons Limited, Arcadis, Alstom, Areva, Artelia, llc aecon, 10Clouds, Techno Engineering & Associates, GT Ground Engineering & Construction Services, International Business Machines Corporation, Capgemini, AKTIAS tech, Oracle, Deaton Engineering, Inc, Aricent Group, EPAM Systems, Inc, GlobalLogic, Jensen Hughes, Henderson Engineers, Thermal Specialties, MCW Group of Companies, McElhanney, Quasar Consulting Group, accenture* SRL, Globant, Cognizant Technology Solutions Corporation, Saudi Engineering Group International (SEGI), HRS Engineering Ltd, Oiltek Engineering Co. Ltd, Mugesan Engineering & Marine Specialist Co. Inc, Al Mostaqbal Consulting Engineering, Aroma International Building Contracting LLC, Al Baha Engineering Consultants, Smartcities Building Contracting LLC, Thelo DB, Dorman Long Engineering Limited, Decagon, Advanced Engineering Consultants (ACE), CDR Engineering Consultancy Nigeria Limited, ILF Engineers Nigeria Limited, Africa Engineering Consulting Services (AECS), Ingplan Consulting Engineers



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What Is Covered In The Engineering Services Global Market Report?

• Market Size Forecast: Examine the engineering services market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the engineering services market for a structured understanding.
• Key Players Overview: Analyze major players in the engineering services market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the engineering services market.
• Segment Contributions: Evaluate how different segments drive overall growth in the engineering services market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the engineering services market.
• Industry Challenges: Identify potential risks and obstacles affecting the engineering services market.
• Competitive Landscape: Review strategic developments in the engineering services market, including expansions, agreements, and new product launches.

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