The analysts forecast the Global Engineering Services Market to grow at a CAGR of 3.95% during the period 2018-2022.
Engineering services are expert services that companies of building construction, mining, information technology, power and energy, transportation, and manufacturing industries need. Engineering services range from planning and designing, outsourcing, feasibility studies, and technical services.
The latest trend gaining momentum in the market is the proliferation of advanced technologies. The extensive proliferation of advanced technologies across the world is one of the significant trends in the global engineering services market.
One of the major drivers for this market is the reduction of overhead cost in deploying engineering services. The employment of specialized solutions such as simulation services and design services support end-users in taking care of specific business needs and requirements. Engineering services enable end-users in maintaining lean operations along with reducing overhead cost.
The report states that one of the major factors hindering the growth of this market is the shortage of expertise and skilled labor. As the technical know-how is a pivotal asset of engineering service vendors, any lack or over dependency on it acts as a significant challenge to the market.
Key Topics Covered:
1: Executive Summary
2: Scope Of The Report
3: Research Methodology
4: Market Landscape
5: Market Sizing
6: Five Forces Analysis
7: Customer Landscape
8: Market Segmentation By End-User
9: Regional Landscape
10: Decision Framework
11: Drivers And Challenges
12: Market Trends
13: Vendor Landscape
14: Vendor Analysis
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