Global Engineering Services Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Engineering Services Market Report by The Business Research Company covers engineering services market drivers and restraints, engineering services market size, major players, and the impact of COVID-19 on the engineering services market.
The engineering services market consists of the sale of engineering services. Engineering services’ companies apply physical laws and principles of engineering in the design, development, and utilization of machines, materials, instruments, structures, processes, and systems. Engineering services include the technical application of engineering in product designing, innovations, and others in industries such as building construction, mining, power and energy, transportation, manufacturing, and others.
The engineering services market is expected to benefit from steady economic growth in developed and developing countries. The global engineering services market is expected to grow from $830.48 billion in 2020 to $938 billion in 2021 at a compound annual growth rate (CAGR) of 12.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1.16 trillion in 2025 at a CAGR of 5.6%.
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Some engineering services market trends include the increasing popularity and adoption of the Internet of Things (IoT). Internet of things is a system of inter-related devices enabling transmission of data over a wide range of networks.
Global engineering services market segments include:
1) By Type: Civil Engineering Services, Environmental Engineering Services, Construction Engineering Services, Mechanical Engineering Services, Others Engineering Services.
2) By End User: Automotive, Industrial Manufacturing, Healthcare Sector, Aerospace, Telecommunications, Information Technology, Energy & Utilities, Others.
3) By Engineering Disciplines: Civil, Mechanical, Electrical, Piping And Structural Engineering.
4) By Delivery Model: Offshore, Onsite.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Read More On The Engineering Services Global Market Report 2021: COVID 19 Impact and Recovery to 2030 At:
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The Engineering Services Global Market Report 2021: COVID 19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides engineering services market overviews, analyzes and forecasts market size, share, engineering services market players, engineering services market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The engineering services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Where To Learn More:
Read Engineering Services Global Market Report 2021: COVID 19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Tata Consulting Services (TCS), Infosys, WorleyParsons, Deaton Engineering, Inc., Aricent Group , Cybage Software Pvt. Ltd., EPAM Systems, Inc., GlobalLogic, Cyient, Pactera Technology International Ltd., EPAM Systems Inc., KPIT Technologies Ltd.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Engineering Services Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Engineering Services Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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