Engineering Professional Services Market Worth $4 , 151 . 53

The Insight Partners report highlights the significant growth in the global engineering professional services market, driven by increased demand for civil engineering services due to rapid urbanization and advancements in industrial IoT. The market, valued at US$ 2275.00 billion in 2023, is projected to reach US$ 4151.53 billion by 2031, with a CAGR of 7.8%. The report analyzes market trends, key players, and future opportunities across various segments, including type (consulting and non-consulting), service type (designing and construction, ESG, program management, etc.), sector (private and public), and vertical (advanced manufacturing, infrastructure, energy and utilities, environmental, transportation, etc.). The Americas dominate the market, with the US showing substantial growth potential due to the presence of multinational engineering firms. Europe and the Asia Pacific & Middle East & Africa (APMEA) regions also contribute significantly, with APMEA witnessing advancements in advanced manufacturing and infrastructure. Key players in the market include Accenture PLC, Capgemini SE, Larsen & Toubro Technology Services, Tata Consultancy Services, and Wipro Ltd. The report also mentions trending topics such as engineering software, design development software, EIM solutions, and 3D engineering animation. The report concludes that rapid technological advancements, increasing infrastructure development, and the growing demand for sustainable and innovative solutions across various industries present significant opportunities for engineering professional services. The global emphasis on smart cities, digital transformation, and renewable energy initiatives further expands the market potential. The Insight Partners report provides valuable insights for stakeholders, including service providers and end users, to navigate the evolving market landscape and unlock new opportunities. For more information, interested parties can contact Ankit Mathur at The Insight Partners.

Source: globenewswire.com
Published on 2024-09-19