Engineering Services Market size to grow by USD 365.9 billion from 2022 to 2027, AECOM, AKKA Technologies SE, Babcock International Group Plc, and more among key companies- Technavio
NEW YORK, Sept. 24, 2023 /PRNewswire/ -- The engineering services market is expected to grow by USD 365.9 billion from 2022 to 2027. In addition, the growth momentum of the market will progress at a CAGR of 4.2% during the forecast period, according to Technavio. Deploying engineering services reduces overhead costs. This factor is notably driving the engineering services market. However, factors such as shortage of expertise and skilled labor may impede market growth. The market is segmented by end-user (automotive, healthcare, telecommunication, and others), sourcing (offshore and onshore), and geography (North America, Europe, APAC, South America, and Middle East and Africa). We provide a detailed analysis of 20 companies operating in the engineering services market including AECOM, AKKA Technologies SE, Babcock International Group Plc, Balfour Beatty Plc, Bechtel Corp., Brasfield and Gorrie LLC, Capgemini Service SAS, CIMIC Group Ltd., Cyient Ltd., Design Systems Inc., EMCOR Group Inc., Fluor Corp., Infosys Ltd., Jacobs Solutions Inc., Kiewit Corp., KKR BOSE DESIGN SERVICES Pvt. Ltd., Tata Consultancy Services Ltd., TRIPLAN India Pvt. Ltd., Virtuoso Projects and Engineers Pvt Ltd, and NV5 Global Inc.The report offers an up-to-date analysis of the market, and to know the exact growth variance and the Y-O-Y growth rate, Request a Free Sample Report.
Engineering Services Market 2023-2027: Company Analysis
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Engineering Services Market 2023-2027: Segmentation
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Engineering Services Market 2023-2027: Key Highlights
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Historic Market Sizes
Five Forces Analysis
Market Segmentation by End-User
Market Segmentation by Sourcing
Drivers, Challenges, & Trends
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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