Meet Abi
Abi will answer all Product Engineering Services related
procurement queries with relevant data points
Abi - AI powered digital procurement assistant
Discover Market Info
Get up-to-date market and supplier info on Product Engineering Services to help you build
Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices
Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices
Manage Risk
Assess Supplier Risk based on key risk and compliance parameters
Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.
Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus
Find Suppliers
Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography
Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings
Assess Category Performance
Benchmark your category performance against peers and the market
Measure category performance on 15 key parameters across cost, risk and strategy KPIs
Source Market Indices
Get information on key factors affecting your supply
Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics
Meet Abi
Discover Market Info
Manage Risk
Find Suppliers
Assess Category Performance
Source Market Indices
Abi will answer all Product Engineering Services related
procurement queries with relevant data points
Abi - AI powered digital procurement assistant
Get up-to-date market and supplier info on Product Engineering Services to help you build
Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices
Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices
Assess Supplier Risk based on key risk and compliance parameters
Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.
Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus
Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography
Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings
Benchmark your category performance against peers and the market
Measure category performance on 15 key parameters across cost, risk and strategy KPIs
Get information on key factors affecting your supply
Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics
$891 Bn
7-8 Percent
Category Intelligence on Engineering and Design Services covers the following:
Drivers
Constraints
The product engineering industry analysis shows that the KPIs are predictability of design, schedule variance, predictability of design cost, and committed costs.
The major technology-related engineering industry trends include 3D Laser Scanning, BIM 4D/5D, augmented reality (AR), reprographics, 3D printing, and construction robotics. Supplier availability and supplier market maturity are the key factors that influence decision-making.
In markets where the supplier maturity is high, a project owner can transfer the risk to the contractor, based on past experience and capabilities with confidence. With an increasing demand for integrated facilities management as well as all-in-one service providers, there are many mergers in this sector in mature markets. This is enabling one-stop-solution engineering services providers. The talent is also increasingly sourced from emerging economies due to the cost benefits.
The COVID-19 pandemic has wrecked several industries, including the software product engineering services market. As end-users have significantly reduced spending due to the adverse effects of the pandemic on their revenue pool, they will most probably expect product engineering services to help with decreased billing rates and extra support to keep innovating.
That said, with decreased global spending and losses across all sectors, small and medium businesses (SMB) are compelled to deliver their services at lesser costs. On the flip side, product engineering services companies have the opportunity to strategize and carry out cutting-edge product solutions with their customers.
Several businesses still hold the potential to fulfill business requirements with their better productivity levels at cost-efficient terms. A majority of product engineering service providers have adapted the COVID-19 situation by allowing work-from-home (WFH) arrangements for most of their workforce.
In addition, several product engineering services are being outsourced, from engineering analysis and 3D drafting services to product design and testing. This is playing a huge role in control engineering, design automation, manufacturing engineering, and plant design engineering amidst the COVID-19 crisis.
The constant innovation and refinement of the engineering services market are mostly the implementation of Artificial Intelligence and technology solutions to different aspects of the industry. The trending technology implementations are 3D laser scanning, BIM4D/SD, and cloud sharing. The newer innovations are:
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