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[ 英語タイトル ] Product Engineering Services Market by Service (Product & Component Design, Process Engineering, Maintenance Repair & Operation), Organization Size (SMEs, and Large Enterprise), Vertical, and Region - Global Forecast to 2021


Product Code : MNMICT00108103
Survey : MarketsandMarkets
Publish On : February, 2021
Category : ICT and Telecom
Study Area : Global
Report format : PDF
Sales price option (consumption tax not included)
Single User USD5650 / Question Form
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[Report Description]

“Increasing demand for reduction in time to market is driving the product engineering services market”
The product engineering services market size is expected to grow from USD 676.17 billion in 2016 to USD 1,003.12 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 8.2% from 2016 to 2021. The product engineering services offer the benefit of cost reduction, enhanced customer experience, and reduced Time-To-Market (TTM). Improved TTM generates more sales and greater profitability. With growing competition and changing customer preference, TTM has become a key factor influencing the competitive landscape of the market.
The main challenge faced by organizations in the marketplace is developing new products at reduced cost. Increasing cost efficiency is a planned engineering work that requires a dynamic approach and needs to be effective. Fear of losing control over intellectual property rights and cultural differences in terms of product philosophy and design are the major restraints of the market.
“The healthcare segment is expected to grow at the highest CAGR in the product engineering services market by industrial vertical during the forecast period”
Product engineering services are being increasingly adopted by industries such as automotive, healthcare, telecom & IT, and energy & utilities, which has led to the growth of the market across the globe. The healthcare segment is expected to grow at the highest CAGR in product engineering services by industrial vertical, owing to factors such as increase in patient engagement, reduction in healthcare expenditure, and boost in the health of population during the forecast period.
“The APAC region is expected to experience extensive growth opportunities in the next few years”
The Asia-Pacific (APAC) region is expected to have major traction of product engineering services due to rise in demand for organizing the huge workforce in the region. This region is also facing issues such as aging population, retiring baby boomers, and increasing number of multigenerational workforce, which needs to be managed and therefore product engineering services are in demand.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people. Break-up of the profiles of primary participants is as follows:
• By Company: Tier 1: 36 %, Tier 2: 21%, and Tier 3: 43%
• By Designation: C level: 75%, Director level: 15%, Others: 10%
• By Region: North America: 70%, Europe: 15%, APAC: 15%
The product engineering services ecosystem comprises major vendors such as Altran (France), ALTEN Group (France), AVL (Austria), HCL (India), AKKA Technologies (France), IBM Corporation (U.S.), and Capgemini (France).
Research Coverage:
The report includes in-depth competitive analysis of these key players in the product engineering services market, with their company profiles, recent developments, and key market strategies. The research report segments the product engineering services market by service, organization size, industry vertical, and region.
Reasons to buy the Report
The product engineering services market has been segmented on the basis of services, organization sizes, industry verticals, and regions. The report will help the market leaders/new entrants in this market in the following ways:
1. The report segments the product engineering services market comprehensively and provides the closest approximation of the revenue numbers for the overall market and subsegments. The market numbers are further split across different verticals and regions.
2. The report helps the stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to better understand the competitors and gain more insights to better position their businesses. There is a separate section on competitive landscape, including competitor ecosystem and mergers & acquisitions. Besides, there are company profiles of 12 players offering services in this market. In this section, market internals are provided that can put them ahead of the competitors. The report also covers key innovators in the market.

TABLE OF CONTENTS

1 INTRODUCTION 13
1.1 OBJECTIVES OF THE STUDY 13
1.2 MARKET DEFINITION 13
1.3 MARKET SCOPE 14
1.3.1 MARKETS COVERED 14
1.3.2 YEARS CONSIDERED FOR THE STUDY 15
1.4 CURRENCY 16
1.5 STAKEHOLDERS 16
2 RESEARCH METHODOLOGY 17
2.1 RESEARCH DATA 17
2.1.1 SECONDARY DATA 18
2.1.2 PRIMARY DATA 18
2.1.3 BREAKDOWN OF PRIMARY INTERVIEWS 18
2.1.4 KEY INDUSTRY INSIGHTS 19
2.2 MARKET SIZE ESTIMATION 21
2.3 RESEARCH ASSUMPTIONS & LIMITATION 23
2.4 LIMITATIONS 23
3 EXECUTIVE SUMMARY 24
4 PREMIUM INSIGHTS 27
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE GLOBAL PRODUCT ENGINEERING SERVICES MARKET 27
4.2 PRODUCT ENGINEERING SERVICES MARKET, BY SERVICE 27
4.3 PRODUCT ENGINEERING SERVICES GLOBAL MARKET 28
4.4 LIFECYCLE ANALYSIS, BY REGION 29
5 MARKET OVERVIEW 30
5.1 INTRODUCTION 31
5.1.1 MARKET EVOLUTION 31
5.2 MARKET SEGMENTATION 32
5.2.1 BY SERVICE 32
5.2.2 BY ORGANIZATION SIZE 32
5.2.3 BY VERTICAL 33
5.2.4 BY REGION 33

5.3 MARKET DYNAMICS 34
5.3.1 DRIVERS 34
5.3.1.1 Increasing demand for accelerating TTM 34
5.3.1.2 Need for continuous innovation and iteration 35
5.3.1.3 The growing need to reduce production cost 35
5.3.2 RESTRAINTS 35
5.3.2.1 Fear of losing control over intellectual property rights 35
5.3.2.2 Cultural differences in terms of product philosophy and design 36
5.3.3 OPPORTUNITIES 36
5.3.3.1 Smart manufacturing 36
5.3.3.2 Emergence of IoT 36
5.3.4 CHALLENGES 37
5.3.4.1 Need for excellent feedback loops and constant management 37
5.3.4.2 Differences may arise in the testing phase 37
6 INDUSTRY TRENDS 38
6.1 INTRODUCTION 38
6.2 STRATEGIC BENCHMARKING 40
6.2.1 STRATEGIC BENCHMARKING: NEW PRODUCT LAUNCHES, ACQUISITIONS, AND PARTNERSHIPS OF TOP VENDORS 40
7 PRODUCT ENGINEERING SERVICES MARKET ANALYSIS, BY SERVICE 41
7.1 INTRODUCTION 42
7.2 PRODUCT AND COMPONENT DESIGN 43
7.2.1 NEW PRODUCT DEVELOPMENT 44
7.2.2 DESIGN SUPPORT 45
7.2.3 SOFTWARE ENGINEERING 46
7.2.3.1 Embedded software services 46
7.2.3.2 Independent software services 47
7.2.4 HARDWARE ENGINEERING 48
7.2.5 PROTOTYPE TESTING 48
7.3 PROCESS ENGINEERING 49
7.3.1 MANUFACTURING ENGINEERING SUPPORT 50
7.3.2 KNOWLEDGE-BASED ENGINEERING (KBE) 50
7.4 MAINTENANCE, REPAIR, AND OPERATIONS 51
7.5 OTHERS 52
8 PRODUCT ENGINEERING SERVICES MARKET ANALYSIS, BY ORGANIZATION SIZE 53
8.1 INTRODUCTION 54
8.2 SMALL AND MEDIUM ENTERPRISES 55
8.3 LARGE ENTERPRISES 56
9 PRODUCT ENGINEERING SERVICES MARKET ANALYSIS, BY VERTICAL 57
9.1 INTRODUCTION 58
9.2 AUTOMOTIVE 59
9.3 AEROSPACE AND DEFENSE 60
9.4 HEALTHCARE 60
9.5 IT 61
9.6 INDUSTRIAL MANUFACTURING 62
9.7 ENERGY AND UTILITIES 63
9.8 TELECOM 63
9.9 OTHERS 64
10 GEOGRAPHIC ANALYSIS 65
10.1 INTRODUCTION 66
10.2 NORTH AMERICA 67
10.3 EUROPE 70
10.4 ASIA-PACIFIC 73
10.5 MIDDLE EAST AND AFRICA 76
10.6 LATIN AMERICA 79
11 COMPETITIVE LANDSCAPE 83
11.1 OVERVIEW 83
11.2 COMPETITIVE SITUATIONS AND TRENDS 84
11.2.1 NEW PRODUCT LAUNCHES 86
11.2.2 PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS 86
11.2.3 MERGERS AND ACQUISITIONS 87
12 COMPANY PROFILES 89
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
12.1 INTRODUCTION 89
12.2 ALTRAN 90
12.3 ALTEN GROUP 93
12.4 AVL 96
12.5 HCL TECHNOLOGIES LIMITED 98
12.6 AKKA TECHNOLOGIES 101
12.7 INTERNATIONAL BUSINESS MACHINES (IBM) CORPORATION 104
12.8 CAPGEMINI 107
12.9 TATA CONSULTANCY SERVICES (TCS) LIMITED 110
12.10 WIPRO LIMITED 113
2.11 ACCENTURE PLC 116

12.12 HAPPIEST MINDS TECHNOLOGIES 119
12.13 KEY INNOVATORS 121
*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
13 APPENDIX 122
13.1 INDUSTRY EXCERPTS 122
13.2 DISCUSSION GUIDE 122
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 127
13.4 INTRODUCING RT: REAL TIME MARKET INTELLIGENCE 129
13.5 AVAILABLE CUSTOMIZATIONS 130
13.6 RELATED REPORTS 130
13.7 AUTHOR DETAILS 131

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