Global Product Engineering Services Market overview:

With the slowdown in world economic growth, the Product Engineering Services industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Product Engineering Services market size to maintain the average annual growth rate of 8.60% from 570 million $ in 2014 to 730 million $ in 2017, Market analysts believe that in the next few years, Product Engineering Services market size will be further expanded, we expect that by 2022, The market size of the Product Engineering Services will reach 1085 million $.

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Globally the market for product engineering services has been observing a significant upswing in its market size and valuation. The augmenting demand for speeding up time-to-market (TTM) of a device, or a system, or an assembly, is the main driving force behind the growth of this market. The increasing need for constant innovation and iteration and the soaring demand to reduce production cost are also supporting the growth of this market, considerably.

The Global Product Engineering Services Market is segmented on the basis of Service Type, Organization Size, Industry Verticals, End User and Region. Based on type segment is growing popularity of Industrial Internet of Things (IIoTs) is anticipated to have a positive impact on industry growth over the forecast period. Manufacturers are anticipated to use IIoT to create new hybrid business model, boost revenue by increasing production, and exploit the latest technologies to fuel new product development. The growing need to drive cost efficiencies in the manufacturing stages is expected to fuel the market for product and component design services in the product engineering services market during the forecast period.

Geographically, Asia-Pacific 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.

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Major Key Players:

1 Altran

2 Alten Group

3 AVL

4 HCL Technologies Limited

5 Akka Technologies

6 International Business Machines (IBM) Corporation

7 Capgemini

6 Tata Consultancy Services (TCS) Limited

7 Wipro Limited

8 Accenture PLC

9 Happiest Minds Technologies

Market segment by Regions/Countries, this report covers:

1 North America Country (United States, Canada)

2 South America

3 Asia Country (China, Japan, India, Korea)

4 Europe Country (Germany, UK, France, Italy)

5 Other Country (Middle East, Africa, GCC)

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Table of Contents:

Global Product Engineering Services Market Report 2018

1 Product Engineering Services Definition

2 Global Product Engineering Services Market Major Player Share and Market Overview

3 Major Player Product Engineering Services Business Introduction

4 Global Product Engineering Services Market Segmentation (Region Level)

5 Global Product Engineering Services Market Segmentation (Type Level)

6 Global Product Engineering Services Market Segmentation (Industry Level)

7 Product Engineering Services Market Forecast 2018-2022

8 Product Engineering Services Segmentation Type

9 Product Engineering Services Segmentation Industry

10 Product Engineering Services Cost Analysis

11 Conclusion

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