Engineering and Design Services Procurement Intelligence : Engineering and Design Services Category to Grow Immensely at a CAGR of 5.34% From 2023 to 2030
Engineering and Design Services Category Overview The engineering and design services category is expected to grow at a CAGR of 5.34% from 2023 to 2030. Some of the key reasons anticipated for driving category expansion are the rising demand for the adoption of technology, creative business strategies utilizing enterprise architecture, and the need to meet business requirements to compete in a highly competitive environment. A significant factor driving growth in the Asia-Pacific region, such as India, China, and Japan, is the presence of several design and consulting businesses that use an enterprise architecture (EA) strategy to promote corporate growth. Low-cost labor and major financial investment in infrastructure improvement in these nations are also fueling the region's development. There is a trend in this category for companies to incorporate new technologies such as artificial intelligence, BIM, drones, 3D printing, 3D laser scanning, augmented reality, rep...