Jul 6, 2022

| Evolving opportunities with AECOM, AKKA Technologies SE, and Altran Technologies among others | Technavio News provided by Share this article Share this article NEW YORK, July 6, 2022 /PRNewswire/ -- The engineering services market size is expected to increase by USD 910.35 billion between 2020 and 2025, accelerating at a CAGR of 10.15% during the forecast period. The report identifies  AECOM, AKKA Technologies SE, Altran Technologies, Arcadis NV, Babcock International Group Plc, Bechtel Corp., Fluor Corp., Infosys Ltd., Jacobs Engineering Group Inc., and Tata Consultancy Services Ltd. as some of the major market participants. APAC will emerge as the major market for engineering services, occupying 34% of the global market share. Technavio has announced its latest market research report titledEngineering Services Market by End-user and Geography - Forecast and Analysis 2021-2025 View Report Sample for highlights on the vendor landscape, regional growth opportunities, and other important statistics. Market Dynamics The market is highly fragmented, and the degree of fragmentation will accelerate during the forecast period. The market is characterized by the presence of numerous vendors offering similar services. The low rate of differentiation and the significant number of players are intensifying the market competition. The market is maturing, and, at present, it is recording the entry of highly specialized new players. These new entrants are providing new services with emerging technologies, including digital solutions, artificial intelligence, and IoT. The reduced overhead costs associated with the deployment of engineering services, rising industrial automation, and the delegation of ancillary tasks to focus on core competencies will offer immense growth opportunities. However, the shortage of expertise and skilled labor will challenge the growth of the market. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments. Engineering Services Market 2021-2025: Segmentation End-user Exhibit 81: Infosys Ltd. - Business segments Exhibit 82:Infosys Ltd. - Key news Exhibit 83: Infosys Ltd. - Key offerings Exhibit 84: Infosys Ltd. - Segment focus 10.11 Jacobs Engineering Group Inc. Exhibit 85: Jacobs Engineering Group Inc. - Overview Exhibit 86: Jacobs Engineering Group Inc. - Business segments Exhibit 87:Jacobs Engineering Group Inc. - Key news Exhibit 88: Jacobs Engineering Group Inc. - Key offerings Exhibit 89: Jacobs Engineering Group Inc. - Segment focus 10.12 Tata Consultancy Services Ltd. Exhibit 90: Tata Consultancy Services Ltd. - Overview Exhibit 91: Tata Consultancy Services Ltd. - Business segments Exhibit 92:Tata Consultancy Services Ltd.- Key news Exhibit 93: Tata Consultancy Services Ltd. - Key offerings Exhibit 94: Tata Consultancy Services Ltd. - Segment focus 11 Appendix About Us Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides 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. Contact