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Product Engineering Services Market is expected to grow at 7.4 percent from 2024 to 2030 to reach USD 1710.45 Bn as per Maximize Market Research.

(IT-NEWSWIRE.COM, July 20, 2024 ) As per Maximize Market research, the Product Engineering Services Market was valued at USD 1037.42 Bn. in 2023. Product Engineering Services Market size is estimated to grow at a CAGR of 7.4%, reaching almost USD 1710.45 Bn. in 2030 over the forecast period.



According to the Maximize Market Research the Product Engineering Services Market is seeing significant growth due to increased consumer dependence on technology. Businesses are launching products faster to meet this demand. Key players in this market provide engineering solutions for various stages of a product's lifecycle. COVID-19 has driven the need for remote work and outsourcing which continues to support the Product Engineering Services Market.



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Technological advancements like AI and ML are enhancing product development leading to shorter time to Product Engineering Services Market. North America is expected to lead the product engineering services market by 2030 with a significant market share due to extensive use of advanced technologies. The Asia Pacific region is also anticipated to see rapid growth due to industrialization and adoption of technologies like IoT, AI, and ML.



Product Engineering Services Market Segmentation



by Type of Services



Software engineering

Hardware engineering

Process engineering

Others



by Industry



BFSI

IT & Telecom

Automotive

Industrial manufacturing

Energy & Utilities

Healthcare

Aerospace & defense

Others



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by Application



Customer Enterprise Products

Customer Mobile Products

by Organization size



Large Enterprises

SMEs



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Product Engineering Services Market Key Players:



IBM Corporation

Capgemini

Altran

ALTEN Group

AVL



Maximize Market Research is leading Information Technology & Telecommunication research firm, has also published the following reports:



Production Monitoring Market size reached USD 5.15 billion in 2023 and is expected to reach USD 9.23 billion by 2030, growing at a CAGR of 8.7 % during the forecast period.



Global Engineering R and D Services Outsourcing Market size is valued at USD 1.73 Tn. in 2023 and is projected to reach USD 3.41 Tn. at a CAGR of 11.33% during the forecasted period of 2024-2030.



About Maximize Market Research



Maximize Market Research provides B2B and B2C research on 6,500 high-growth emerging opportunities and technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics and communications, Internet of Things, Food and Beverages, Aerospace and defense, and other manufacturing sectors.

MAXIMIZE MARKET RESEARCH PVT. LTD.

L Godage

09607365656

akash.r@maximizemarketresearch.com

Source: EmailWire.Com

Source: EmailWire.com

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