Top 30 Engineering Service Providers – How Good Are You in Execution & Innovation?

Engineering services is a small but growing part of the total Global R&D spending of $1.44 trillion. Traditionally engineering services has been more about short term although often recurring project work rather than longer term and larger outsourcing engagements. That is now changing and we believe that engineering services is evolving from a niche offering to become more in the mainstream of Global R&D spending. We see five signals that change is around the corner in the engineering services market:

1. Engineering service providers are building their scale and making significant acquisitions
2. Financial analysts have started talking about engineering services as a growth driver for the outsourcing industry
3. We are hearing about new products which are entirely designed by the engineering service providers
4. The engineering services deals have started appearing in the media 5. Engineering services buyers and sourcing advisors are reaching out to HfS for our views on top engineering service providers

As a result, Engineering Services has suddenly started looking much more glamorous. Where there is glamour in sourcing industry, HfS cannot be far behind. So we are extending our HfS Blueprint methodology to engineering services. To start with, we are covering engineering services related to physical products in our inaugural 2015 Engineering Services Blueprint Report. We will evaluate the innovation and execution capabilities of top 30 engineering service providers to help our clients understand the different engineering services capabilities in the market today and how they are shaping the creation of this market. Engineering services related to Product Lifecycle Management (PLM) and for Independent Software Vendors (ISVs) will likely follow in future Blueprints.

The top 30 engineering service providers we plan to evaluate on innovation and execution for leading engineering services buyers and decision makers are: AF, AKKA, Alten, Altran, Assystem, Bertandt, Capgemini, Cognizant, Cyient, EDAG, ESI Group, Ferchau, Genpact, Geometric, HCL, IAV, IGate, Infosys, ITC Infotech, KPIT, L&T Technology Services, Neilsoft, QuEST Global, Ranal, Segula, Semcon, Tata Technologies, TCS, Tech Mahindra, and Wipro.

We believe that the large-scale outsourcing of engineering services has only just begun as we move into the “As-a-Service Economy” and that HfS with our understanding of this market and our unparalleled reach to both buyers and service providers can be a major catalyst for the growth of this sector.