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Engineering Services Market to Set an Explosive Growth in Near Future

Engineering Services Market
The Latest published market study on Global Engineering Services Market provides an overview of the current market dynamics in the Global Engineering Services space, as well as what our survey respondents— all outsourcing decision-makers— predict the market will look like in 2030. The study breaks the market by revenue and volume (wherever applicable) and price history to estimate the size and trend analysis and identify gaps and opportunities. Some of the players that are in coverage of the study are AECOM Engineering company (United States), Bechtel Corporation (United States), Kiewit Corporation (United States), STRABAG SE (Austria), NV5 Global (United States), SPIRAX-SARCO ENGINEERING (United Kingdom), Doosan Heavy Industries & Construction (South Korea), MITSUBISHI HEAVY INDUSTRIES (Japan), HUALAN BIOLOGICAL ENGINEERING (China), L & T (India) . 

According to HTF Market Intelligence, the global Engineering Services market is valued at USD 1017.04 Million in 2023 and is estimated to reach a revenue of USD 1561.58 Million by 2030, with a CAGR of 7.41% from 2023 to 2030.

Access Sample Pages of Global Engineering Services Market Study Now @:  https://www.htfmarketintelligence.com/sample-report/global-engineering-services-market?utm_source=Krati_NewsTrail&utm_id=Krati 

Definition:

Engineering services refer to a wide range of services that are provided by engineers to assist in the design, construction, operation, and maintenance of various structures, systems, and equipment. These services can be provided by individual engineers, engineering firms, or companies that specialize in providing engineering services to clients.

Market Trends:

The engineering services industry has been undergoing a significant digital transformation. This involves the adoption of technologies such as digital twins, Internet of Things (IoT), artificial intelligence (AI), and advanced analytics. These technologies enhance product development, improve efficiency, and enable innovative solutions.

Market Drivers:

The demand for digital transformation across industries is driving the need for engineering services. Companies are adopting technologies like IoT, AI, machine learning, and advanced simulation tools to enhance their product development processes. Engineering service providers play a crucial role in supporting organizations in this transformation journey.

Market Opportunities:

With the growing importance of cybersecurity in connected systems, engineering service providers can offer specialized services to ensure the security and integrity of digital assets. This includes securing IoT devices, networks, and critical infrastructure.

Market Leaders & Development Strategies:

On 20th March 2022, Accenture acquires digital engineering and OT capabilities from Trancom ITS. Trancom ITS, a Japanese provider of logistics technology services, sold its digital engineering and operational technology skills to Accenture. According to the buyer, Trancom ITS will sell its systems integration, consulting, software development, and outsourcing skills to Accenture, along with its technological and logistical know-how and the majority of its client contracts. A significant Japanese logistics business, Trancom, owns Trancom ITS.

 

Read Detailed Index of Full Research Study at @ https://www.htfmarketintelligence.com/report/global-engineering-services-market

In order to provide a more informed view, Global Engineering Services research offers a snapshot of the current state of the rapidly changing industry, looking through the lenses of both end users and service providers/players of to come up with a more robust view.

Market Scope

Based on the type, the market segmented into : Construction & Civil Engineering Services, Environmental Engineering Services, Mechanical Engineering Services, Other Engineering Services

Based on the End use application, the market segmented into : Automotive, Consumer Electronics, Telecom, Aerospace, Healthcare, Industrial

Regional Landscape
Geographically, the Global Engineering Services market size by revenue is broken down by 18+ countries from North America, LATAM, the Middle East, Asia Pacific, Africa, and Europe based on various characteristics such as geographic footprints and business operation locations of players.

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Analysts at HTF MI sheds light on Global Engineering Services market data by Country
Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, South Korea, Thailand, India, Indonesia, Australia, and Others)
Europe (Germany, Russia, the UK, Italy, France, Spain, Belgium, Netherlands, Switzerland, Nordic Nations, and the Rest of Europe.)
North America (the United States, Mexico, and Canada)
South America (Brazil, Argentina, Chile, Rest of South America)
The Middle East and Africa (GCC Countries, Turkey, Israel, South Africa, Egypt, and the Rest of MEA)

The Global Engineering Services study cites various market development activities and business strategies such as new product/services development, Joint Ventures, partnerships, mergers, and acquisitions, etc that Industry players such as AECOM Engineering company (United States), Bechtel Corporation (United States), Kiewit Corporation (United States), STRABAG SE (Austria), NV5 Global (United States), SPIRAX-SARCO ENGINEERING (United Kingdom), Doosan Heavy Industries & Construction (South Korea), MITSUBISHI HEAVY INDUSTRIES (Japan), HUALAN BIOLOGICAL ENGINEERING (China), L & T (India) are utilizing to overcome macro-economic scenarios. The Global Engineering Services Market company profiles include Business Overview, Product / Service Offerings, SWOT Analysis, Segment & Total Revenue, Gross Margin, and % Market Share.

Extracts from Global Engineering Services Market Study
1. Market Snapshot
2. Global Engineering Services Market Factor Analysis
– Value Chain Analysis
– Growth Drivers, Trends, and Challenges
– Porter 5- Forces Analysis
– PESTEL Analysis
3. Global Engineering Services Market by Type (2019-2030) [Construction & Civil Engineering Services, Environmental Engineering Services, Mechanical Engineering Services, Other Engineering Services]
4. Market by Applications/ End Users (2019-2030) [Automotive, Consumer Electronics, Telecom, Aerospace, Healthcare, Industrial]
5. Global Engineering Services Market: Country Landscape
6. Market Size Breakdown for Each Country
7. Competitive Landscape
– Market Share Analysis by Players
– Company Profiles
……….. Continued

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Thanks for reading Global Engineering Services Industry research publication; you can opt for a regional report version like Western Europe, USA, China, Southeast Asia, LATAM, APAC, etc. Also, we can serve you with customized research services as HTF MI holds a database repository that includes Public organizations and Millions of Privately held companies with expertise across various Industry domains.

About Author:
HTF Market Intelligence Consulting is uniquely positioned to empower and inspire with research and consulting services to empower businesses with growth strategies, by offering services with extraordinary depth and breadth of thought leadership, research, tools, events, and experience that assist in decision-making.

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Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
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