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Global product engineering services market growing at a CAGR of 7.95% forecast to 2024 | Industry Players-Accenture PLC, Aricent Inc., EPAM Systems, Inc., Happiest Minds, Wipro Limited, Harman, Nexient, Pactera, Tech Mahindra Limited

global product engineering services market

The Global Product Engineering Services Market marketing research report could be a resource that provides current additionally as future technical and monetary details of the trade to 2024. Global Product Engineering Services Market helps to identify uncertainties that may arise as a result of changes in business activity or new product marketing. It helps firms take decisive action to address niche market threats. This report on market research provides comprehensive information on target markets or customers.

Market Analysis: Global Product Engineering Services Market

The global product engineering services market accounted for USD 664.3billion in 2016 growing at a CAGR of 7.95% during the forecast period of 2017 to 2024.

The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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Major Market Competitors: 

Some of the major players of the global product engineering services market are IBM Corporation, Capgemini, AKKA, HCL Technologies Limited, AVL, ALTEN Group, ALTRAN GROUP, Tata Consultancy Services Limited., Accenture PLC, Aricent Inc., EPAM Systems, Inc., Happiest Minds, Wipro Limited, Harman, Nexient, Pactera, Tech Mahindra Limited, Genpact among others.

Market Definition: Global Product Engineering Services Market

The product engineering is a process of innovating, designing, developing, testing and deploying a software product. This step helps in taking care of the entire product life cycle starting from the phase of idea being conceived to the deployment and user acceptance testing phase. The growing rise in IoT, advancement in technology, need of reducing the production cost among others is driving the market for product engineering services market.

Major market drivers & restraints:

    • Growing Innovations in Technology
    • Growing Consumer Electronic Market
    • Growing Need to Reduce Production Cost
    • Rising Adoption of IoT Solutions
    • Emergence of Smart Technologies
    • Fear of Loss of Control of Intellectual Property Rights

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Table of Contents:

    • Chapter 1: Study Coverage
    • Chapter 2: Executive Summary
    • Chapter 3: Market Size-by Manufacturers
    • Chapter 4: Production-by Regions
    • Chapter 5: Consumption-by Regions
    • Chapter 6: Market Size-by Type
    • Chapter 7: Market Size-by Application
    • Chapter 8: Manufacturers Profiles
    • Chapter 9: Production Forecasts
    • Chapter 10: Consumption Forecast
    • Chapter 11: Upstream, Industry Chain and Downstream Customers Analysis
    • Chapter 12: Opportunities & Challenges, Threat and Affecting Factors
    • Chapter 13: Key Findings
    • Chapter 14: Appendix

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Market Segmentation: Global Product Engineering Services Market

The global product engineering services market is segmented on the basis of service type into product & component design, process engineering, maintenance, repair, operations& others. The software engineering is further sub segmented into embedded software services and independent software services. The process engineering is further sub segmented into manufacturing engineering support, knowledge-based engineering (KBE).

    • On the basis of organization size, the global product engineering services market is further segmented into small & medium enterprises, and large enterprises.
    • On the basis of vertical, the global product engineering services market is further segmented into aerospace & defense, automotive, healthcare, IT, industrial manufacturing, energy & utilities, telecom and others.
    • On the basis of geography, global product engineering services market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.

Company Share Analysis: Global Product Engineering Services Market

    • The report for product engineering services market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically.
    • Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others.
    • The report also measures technology life line curve and market time line to analyze and do more affective investments.

Report Insights

    1. Strategic recommendations in key business sections in light of the market estimations.
    2. Market share and size of all the foremost industry players
    3. Strategic proposals for the new participants
    4. Market estimates of all the key segments, sub-segments, and the regional markets throughout the forecast period
    5. The report offers market share appraisals for regional and global levels

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