IoT and Smart/Digital Transformation Drive the Engineering Services Market

New ARC Advisory Group research on the Engineering Services by Indian Global Service Providers market reveals that growing innovations using new interrelated technologies like Internet of Things (IoT), digital transformation, artificial intelligence, analytics, the Cloud, edge computing, mobility, 3D printing, AR/VR, cybersecurity, autonomous vehicles, blockchain, 5G, etc., are driving the market.  This is creating innovation partner ecosystems and driving engineering collaboration outside of traditional industries and boundaries accessing engineering capability and capacity partnering.

“IoT/digital transformation is one of the most talked about technologies that can help enterprises raise the productivity and efficiency to a different level.  With a focus on driving more value, enterprises are emphasizing more on leveraging IoT in their business processes.  With the maturity and the scope of IoT, the service industry is poised for transformation.  Smart products, smart plants, connected cars, smart enterprises, smart industries, smart cities, the reduction in cost barriers on sensors, and increase in battery life have made engineering services attractive, starting from hardware sensors, sensor nodes, and gateways, right up to building the entire solution around the device ecosystem,” according to Rajkumar Paira, Senior Analyst at ARC Advisory Group and key author of ARC’s Engineering Services by Indian Global Service Providers Global Market Research report.

About the Engineering Services Research

Engineering Services Market TrendsThis ARC research explores current and historical market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global forecasts for the engineering services market.  This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques.  The research includes competitive analysis, plus five-year market forecasts by region, solution, industry, revenue type, and customer tier. 

This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations.  These include a:

  • Market Intelligence Workbook (Excel) – personalized spreadsheet includes to two years of historical data in addition to the current base year market data and five-year market forecast.  This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.
  • Concise Market Analysis Report (PDF) – provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues.  The PDF is available with or without detailed charts.

For more information on this and other available ARC market research, please visit our Market Data & Studies section.

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