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Market Research Report

Worldwide Product Engineering and Operational Technology Services Forecast, 2020-2024

Published by IDC Product code 950429
Published Content info 15 Pages
Delivery time: 1-2 business days
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Worldwide Product Engineering and Operational Technology Services Forecast, 2020-2024
Published: July 16, 2020 Content info: 15 Pages
Description

This IDC study presents a five-year forecast for product engineering (PE) and operational technology (OT) services market."In the current COVID-19 market environment, product engineering and operational technology services providers will have to work closely with their customers and ensure they play a significant role in reviving their customer's businesses and enabling swift and safe return to growth. This activity will require them to leverage digital engineering capabilities including robotics, Internet of Things (IoT), digital twins, edge computing, AI/ML, and others in conjunction with traditional engineering capabilities and deploy rapid scalable innovation. As the market navigates the current economic uncertainty, growth rate and profitability for product engineering and operational technology services providers will be determined by their ability to leverage domain-specific and digital services strengths in conjunction with their experience and differentiated traditional engineering services to meet customer expectations," said Mukesh Dialani, program director, Product Engineering and Operational Technology Services at IDC.

Table of Contents
Product Code: US46638620

IDC Market Forecast Figure

Executive Summary

Advice for Technology Suppliers

Market Forecast

Market Context

  • Drivers and Inhibitors
    • Drivers
      • Impact and Evolution of COVID-19 and Resulting Opportunities
      • Engineering and Operations Skills
      • Customer Aspiration to Increase ROI and Transform Their Products and Operations
      • Demonstrating Competency
    • Inhibitors
      • Impact and Evolution of COVID-19
      • Security Breach
      • Availability of Talent
  • Significant Market Developments
  • Changes from Prior Forecast

Market Definition

  • Product Engineering and Operational Technology Services
    • Product Engineering Services
    • Product Life-Cycle Management
    • Embedded Technology Services
    • Operational Technology Services

Methodology

Related Research

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