India product engineering services market is projected to grow at a significant CAGR of around 9.5% during the forecast period (2020-2026). The growth of the product engineering services market in India is backed by the rise in FDI (foreign direct investment) in the country, which in turn, is rising the industrial sector, offering growth to the product engineering services market. As per India Brand Equity Foundation (IBEF), FDI is considered as one of the non-debt financial resource that is contributing significantly to the economic development of the country. The Government of India has taken several initiatives in favor of FDI, which includes relaxation in the FDI norms across various sectors, such as telecom, defense, and others.
Browse the full report description India Product Engineering Services Market Size, Share & Trends Analysis Report by Component (Product and Component Design, Process Engineering, Maintenance, Repair & Operations, and Others), by Organization Size (Small and Medium Enterprises (SMEs) and Large Enterprises), and by End-Use Industry (Healthcare, Automotive, Aerospace & Defense, Energy & Utilities, Industrial Manufacturing, and Others) and Forecast 2020-2026 at https://www.omrglobal.com/industry-reports/india-product-engineering-services-market
As per IBEF, in 2019-2020, FDI equity inflow stood at around $50.0 billion in India, where in, the service sector attracted the highest FDI. The global market players having services in portfolio are rapidly expanding their base in India, realizing the fact of the rising growth of the manufacturing and industrial sector due to the favorable government initiatives. Therefore, a considerable growth for the product engineering services market can be projected in India during the forecast period.
Market Coverage
|
Report Elements |
Details |
|
Study Period |
2019-2026 |
|
Base year |
2019 |
|
Forecast period |
2020-2026 |
|
Segments Covered |
By Service, By Organization Size, and
By End-Use Industry |
|
Key Companies Profiled |
IBM Corp., Accenture PLC, Damco Group, Wipro Ltd., Infosys Ltd.,
Pactera Technologies NA, Inc., Altran, UST Global, Inc., and Tech Mahindra
Ltd. |
Key questions addressed by the report
o Recovery Timeline
o Deviation from pre-COVID-19
o Most affected segment
o Recommendations
India Product Engineering Services Market – Segmentation
By Service
o New Product Development
o Design Support Services
o Software Engineering
o Hardware Engineering
o Others
By Organization Size
By End-Use Industry
To learn more about this report request a free sample copy
@ https://www.omrglobal.com/request-sample/india-product-engineering-services-market