Engineering Services by Indian Global Service Providers

The Engineering Services by Indian Global Service Providers market research study delivers current market analysis plus a five-year market and technology forecast. The study is available in multiple editions including worldwide, all regions, and most major countries.

Engineering services provide a broad range of technical services, including mechanical, electrical, mechatronics, software, information technology (IT), business process management, and more.  This is essential for the development of product concepts; product and industrial design; automation of plants; mechanical, electrical, and embedded system designs; maintenance of products and plants; asset management; product lifecycle-related services; detailed engineering; testing; and prototyping.  In many organizations, engineering services are usually key activities among all engineering companies, startups, and IT providers. 

ARC groups engineering services into four major categories: product engineering, process engineering, automation-related services, and asset management-related services. 

Digital Technologies Propel Growth in the Indian Engineering Services Market

New ARC Advisory Group research on the Engineering Services by Indian Global Service Providers market reveals that technology innovations are reshaping the business landscape. These include a host of interrelated technologies and trends that cover the gamut from the Internet of Things (IoT), digital technologies, artificial intelligence, analytics, the Cloud, edge computing, cybersecurity, etc. Innovative partner ecosystems are driving engineering collaboration beyond traditional industries and boundaries to expand the available pool of engineering capability and capacity.

Engineering Services Strategic Issues

In addition to providing a five-year market forecast, the Engineering Services Market Research provides current detailed quantitative market data and addresses key strategic issues as follows.

Shortlist Suppliers with Success in Your Industry

First, determine which suppliers have successful implementations in your industry and include suppliers aligned with your industry in your shortlist. Then, get references and call them. Ask questions about their success in both the initial implementation and subsequent support phases. Ask how they are using the services and if it has improved business processes. Ask what they would do differently. This is your chance to gain an understanding of best practices for your industry and learn from others.

Identify Needed Technical Capabilities

Outsourced engineering services have vast untapped potential with many firms not engaging since selling and delivering is long with complex business agreements.

GSPs Have Developed Advanced Capabilities

Some Indian IT service providers have built out engineering services practices to deliver on the creative process of product design and engineering and offer offshoring IT infrastructure and support services. Offshoring IT and the corresponding IT-enabled services in India have come a long way since inception. Engineering service providers based in India can now provide innovative and differentiated solutions and help make up for the current skills shortage in developed regions.

The engineering services industry has evolved in the last decade. In the early 2000s, India was viewed as a cost-effective source for commodity IT skills, thus some non-critical IT functionalities were outsourced to the country’s GSPs. Over time, India-based GSPs evolved into solution providers that could understand and help solve customers’ business problems. More recently, global clients have considered India’s GSPs for more strategic roles like co-innovation and joint development projects, often based on a risk-sharing model. GSPs based in India have proven that they are ready to take up challenges, primarily due to the availability of engineers, service-oriented suppliers, and domain expertise. 
  
Today’s engineering service providers are expected to provide a variety of services such as concept development, design, automation enablement, and maintenance-related services. Engineering services can help customers across many major industry segments save time and money and simplify complicated manufacturing activities.

Start with Current Needs and Consider Future Expansion

When selecting a service provider, customers usually start by creating a list of needed engineering capabilities, addressing certain business challenges, or seeking improved and innovative solutions. Organizations often have to choose between carrying out the engineering services in-house through a global in-house center and outsourcing them to an engineering services provider. The decision should be based on a thorough understanding of the specific challenges faced, such as adapting to newer technologies, catering to new geographies, pressure from competition, cost containment, and lack of in-house capabilities.