The Engineering Services by Indian Global Service Providers market research study delivers current market analysis plus a five-year market and technology forecast. The study is available in multiple editions including worldwide, all regions, and most major countries.
Engineering services provide a broad range of technical services, including mechanical, electrical, mechatronics, software, information technology (IT), business process management, and more. This is essential for the development of product concepts; product and industrial design; automation of plants; mechanical, electrical, and embedded system designs; maintenance of products and plants; asset management; product lifecycle-related services; detailed engineering; testing; and prototyping. In many organizations, engineering services are usually key activities among all engineering companies, startups, and IT providers.
ARC groups engineering services into four major categories: product engineering, process engineering, automation-related services, and asset management-related services.
Digital Technologies Propel Growth in the Indian Engineering Services Market
New ARC Advisory Group research on the Engineering Services by Indian Global Service Providers market reveals that technology innovations are reshaping the business landscape. These include a host of interrelated technologies and trends that cover the gamut from the Internet of Things (IoT), digital technologies, artificial intelligence, analytics, the Cloud, edge computing, cybersecurity, etc. Innovative partner ecosystems are driving engineering collaboration beyond traditional industries and boundaries to expand the available pool of engineering capability and capacity.
Engineering Services Strategic Issues
In addition to providing a five-year market forecast, the Engineering Services Market Research provides current detailed quantitative market data and addresses key strategic issues as follows.
Shortlist Suppliers with Success in Your Industry
First, determine which suppliers have successful implementations in your industry and include suppliers aligned with your industry in your shortlist. Then, get references and call them. Ask questions about their success in both the initial implementation and subsequent support phases. Ask how they are using the services and if it has improved business processes. Ask what they would do differently. This is your chance to gain an understanding of best practices for your industry and learn from others.
Identify Needed Technical Capabilities
Outsourced engineering services have vast untapped potential with many firms not engaging since selling and delivering is long with complex business agreements.
GSPs Have Developed Advanced Capabilities
Some Indian IT service providers have built out engineering services practices to deliver on the creative process of product design and engineering and offer offshoring IT infrastructure and support services. Offshoring IT and the corresponding IT-enabled services in India have come a long way since inception. Engineering service providers based in India can now provide innovative and differentiated solutions and help make up for the current skills shortage in developed regions.
The engineering services industry has evolved in the last decade. In the early 2000s, India was viewed as a cost-effective source for commodity IT skills, thus some non-critical IT functionalities were outsourced to the country’s GSPs. Over time, India-based GSPs evolved into solution providers that could understand and help solve customers’ business problems. More recently, global clients have considered India’s GSPs for more strategic roles like co-innovation and joint development projects, often based on a risk-sharing model. GSPs based in India have proven that they are ready to take up challenges, primarily due to the availability of engineers, service-oriented suppliers, and domain expertise.
Today’s engineering service providers are expected to provide a variety of services such as concept development, design, automation enablement, and maintenance-related services. Engineering services can help customers across many major industry segments save time and money and simplify complicated manufacturing activities.
Start with Current Needs and Consider Future Expansion
When selecting a service provider, customers usually start by creating a list of needed engineering capabilities, addressing certain business challenges, or seeking improved and innovative solutions. Organizations often have to choose between carrying out the engineering services in-house through a global in-house center and outsourcing them to an engineering services provider. The decision should be based on a thorough understanding of the specific challenges faced, such as adapting to newer technologies, catering to new geographies, pressure from competition, cost containment, and lack of in-house capabilities.
Engineering Services Market Study Formats and Editions Available
This market study may be purchased as an Excel Workbook and/or as a PDF File. The Workbook has some unique features such as the ability to view data in local currency. Regional studies include country and industry market data. Country studies include market trends and industry data. Studies and formats available are listed below:
|MIRA Workbook||PDF File|
|Worldwide (includes regional data)||Yes||Yes|
|North America (includes country data)||Yes||No|
|Latin America (includes country data)||Yes||No|
|Europe, Middle East, Africa (includes country data)||Yes||No|
|Asia (includes country data)||Yes||No|
Table of contents for these studies is shown in the following paragraphs.
Worldwide Research Focus Areas
Regional Research Focus Areas
- Leading Suppliers in Region
- Industry Shares in Region
- Country Shares in Region
- Leading Suppliers by Industry
Market History & Forecast Analysis
- Market History & Forecast by Country
- Market History & Forecast by Industry
List of countries & currencies included in each region:MIRA-Country.pdf
Country Research Focus Areas
For More Information
For more information or to purchase the Engineering Services by Indian Global Service Providers market study, please contact us.