The outsourcing business is on a rise. Companies around the globe are high on adopting this cost effective model of engaging expertise of an external entity that can supplement their brand or product value. Engineering Services is one such vertical that is leading this race. Companies often require a variety of specialized engineering services when developing a new product, process, or a service. With a broad spectrum of consulting, engineering, and analytical services, Engineering Services sector is at the forefront to aid and support these companies with complex challenges and issues that arise in today’s global supply chain environment. These services include concept development, design elements, prototyping of the product or service itself, plus the infrastructure, equipment, and processes involved in their manufacture, maintenance, or delivery.
As a key enabler of modern corporate operations, engineering services industry has evolved into a fully fledged business vertical. The commoditization of IT, maturity of services, adoption of new technology trends like Internet of Things (IoT), analytics, and sustainability-related technologies have further fueled the growth in engineering services. The prime emphasis of a major part of this development is associated with creating ‘Smart’ solutions. Over the years, suppliers have adopted the model of assisting their customers reach the next level in becoming ‘Smart’ and investing in learning new technologies through Research & Development which has been a significant part of the industry’s growth. Some of the vital aspects that have been paramount in channelizing these new trends in the space are the diversity of engineering services, the outlook of the outsourcers towards engineering KPO, and the pressing need for cost control in yet to stabilize global markets that are still running on budget austerity drives. With endless possibilities in the prospective business timeline, engineering services are yet to be explored and embraced by companies with newer applications and service models in play.
The current edition of ES Outlook brings you “Top 10 Engineering Services Companies 2017”. The list highlights some of the most prominent organizations of the industry who are capable of leading their clients towards excellence by supporting them beyond an advisory level. The proposed list aspires to assist individuals and corporations to find the right Engineering Services Provider, who suits their specific requirements, and help them accomplish their projects.
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