Engineering services firms are increasingly using
industrial IoT to improve their production process. Internet of things or IoT
is a system of interrelated systems or devices that enables to transmit data
over a wide range of network. By using this technology, engineering service
firms exchange real time information that helps to design and develop products
at a fast rate.
THE BUSINESS RESEARCH COMPANY VALUED THE GLOBAL ENGINEERING
SERVICES MARKET AT $1.02 TRILLION IN 2017
Western Europe was the largest
geographic region in the market, accounting for a little less than one-third of
the global market share.
Read report: https://www.thebusinessresearchcompany.com/report/engineering-services-global-market-report-2018
According to The Business Research Company’s Consultant, Nitin
Gianchandani, the market is driven by soaring expenditure and growing
competition among the firms. For instance, an analysis done by Zweig group in
2015 revealed that majority (68%) of the firms are considering mergers or
acquisitions in the upcoming five years, thereby increasing the activities in
this market.
Balfour Beatty was the largest
company in the global engineering services market, with revenues of $10.2 billion for
the financial year 2016. It operates through Construction Services, Support
Services, and Infrastructure Investments divisions.
Engineering service companies
handle planning, designing and supervision of construction related to a wide
range of industries.
Engineering Services Global Market
Report 2018 is a detailed report giving a unique insight into this market. The
report is priced at $4000 for an individual user. To use across your office,
the price is $6000 and $8000 if you wish to use across a multinational company.
About
The Business Research Company
The
Business Research Company is a market research and intelligence company, which
excels in company, market and consumer research.
It has research professionals at its
offices in the UK, India and the US as well a network of trained researchers
globally. It has specialist consultants in a wide range of industries including
manufacturing, healthcare, chemicals and technology.
The Business Research Company's
management has more than 20 years of varied business research experience. They
have delivered hundreds of research projects to the senior management of some
of
the world's largest organizations.
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Email: info@tbrc.info
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