A recently compiled study of Fact.MR, titled “Product Engineering Services Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2019-2029,” provides a comprehensive analysis on the product engineering services market worldwide. Size of the product engineering services market has been evaluated in a comprehensive way and is delivered in terms of value (US$ Mn). The report also offers detailed analysis and forecast on the segments and the competitive landscape of the product engineering services market.
According to Fact.MR’s report, increased need of organizations to alleviate the ‘time to market’ (TTM) cycle is a key determinant providing an impetus to the growth of product engineering services market. While the need for speed grows, a large number of verticals, such as IT and telecom and healthcare in particular are considerably outsourcing their product engineering needs. The study estimates that demand from IT & telecom and healthcare verticals will collectively account for a revenue share of 60% in the product engineering services market over the forthcoming years.
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1. Executive Summary
1.1. Global Market Outlook
1.2. Opportunity Assessment
1.3. Fact.MR Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
3.3. Mega Trends
4. Market Background
4.1. Engineering R&D Framework
4.1.1. Global ER&D Spending
4.1.2. Global Digital ER&D Spending
4.1.3. Global Product Engineering Services Spending
4.2. Engineering R&D Spending, by Industry
4.2.1. ER&D Spending Value (US$ Bn)
4.2.2. ER&D Spending Growth (2018 Vs 2017)
4.2.3. Key ER&D Spender and Spend Value (US$ Bn), 2018
4.3. ER&D Challenges for Enterprises
4.4. State of Product Engineering Services Market
4.5. Growth & Development Patterns in Product Engineering Services Market
4.6. Recent Acquisition in Product Engineering Services Market
4.7. Market Dynamics
4.7.1. Prominent Market Challenges and Impact Analysis
4.7.2. Growth Drivers and Impact Analysis
4.7.3. Industry Trends and Impact Analysis
4.7.4. Opportunities in Product Engineering Services Market & Impact Analysis
4.8. Forecast Factors - Relevance & Impact
To Be Continue.........
Product Engineering Services Market in Numbers
- Product engineering services market is envisaged to account for revenues worth US$ 26 Bn in 2019. Increasing need of businesses to achieve faster time to market (TTM) and deliver superior customer experience in the midst of uncertainties continue to create a demand for product engineering services across enterprises.
- Projected to witness a robust ~10% CAGR through 2029, the product engineering services market is likely to remain influenced by the fact that ER&D capability is indispensable for organizations, not just for competitive advantages but also for survival.
- North America will continue to be the leading market for product engineering services market, in line with the rapidly emerging smart technologies in the region, and strong market presence of key companies.
Profound domain knowledge and deep expertise in customers’ business verticals will be considered as an important determinant, offering companies an additional edge in the competition landscape of product engineering services market. The market is lately witnessing increase in the collaborations of stakeholders with enterprises, which are attempting new market entry and thus need assistance from product engineering services providers, right from the initial stage to the post-deployment support phase.
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