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.