TechNavio today launched its report Global Engineering Services Market 2011-2015 based on an in-depth study covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio’s Engineering team said; ”The Global Engineering Services market receives some of its revenue from non-building consulting services. Demand for non-building infrastructure projects such as water management, power plants, pipelines, and roads is growing at a steady rate. Many governments are investing a large amount of money in national infrastructure and a major proportion of this type of work consists of non-building projects. Therefore, increasing investment in national infrastructure increases the demand for non-building consulting services in the market. In addition, many vendors prefer non-building consulting services because they offer large profit margins. Therefore, increasing demand for non-building consulting services enhances the market potential and hence vendors have started to focus on non-construction consulting services.”
According to the report, one of the major drivers in this market is the increasing investment in the Global Construction industry. The Global Construction industry is expected to grow at a steady rate during the forecast period because of the steady growth of global gross domestic product (GDP). Many countries are investing a large amount of money in the Heavy Infrastructure industry. In addition, GDP in developing countries is growing at a faster pace than GDP in developed countries. This in turn increases the demand for engineering services in developing countries.
Further, the report also discusses that the shortage of a skilled workforce is one of the major challenges in the Global Engineering Services market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players. For further information on this report, please visit https://www.technavio.com/content/global-engineering-services-market-2011…
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For more information on our Engineering reports, please visit https://www.technavio.com/engineering-software
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TechNavio Announces the Publication of its Report – Global Engineering Services Market 2011-2015
