Worldwide Product Engineering and Operational Technology Services Forecast, 2023–2027

Worldwide Product Engineering and Operational Technology Services Forecast, 2023–2027

This IDC study presents a five-year forecast for the product engineering and operational technology services market for the 2023–2027 period."As recessionary and inflation fears linger, customers are being cautious with their spending and focusing on generating higher ROI with their engineering and new digital technology investments. Those engineering services providers that work closely with and understand their customer needs better and focus on providing their customers' need for consulting, talent, global infrastructure, and IP and build a partnership ecosystem to modernize existing products/services and build new ones and manage operations in an agile manner will find themselves in a leadership position in the engineering services business," said Mukesh Dialani, research VP, Digital Engineering and Operational Technology Services at IDC.

Please Note: Extended description available upon request.

IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
Market Forecast
Market Context
Drivers and Inhibitors
Customers' Need to Automate and Get Ongoing Real-Time Business Insight
The Talent Dilemma
Customers' Need for Higher ROI from Their R&D and Engineering Budgets
Talent Acquisition and Retention
Security Breach
Significant Market Developments
Changes from Prior Forecast
Market Definition
Product Engineering and Operational Technology Services
Product Engineering Services
Existing or New Product Life-Cycle Services
Product Life-Cycle Management Services
Operational Technology Services
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