The Latin America, Middle East and Africa Product Engineering Services Market would witness market growth of 12.3% CAGR during the forecast period (2022-2028).
The market for product engineering services is, therefore, anticipated to benefit from growth potential as a result of this. There is an increasing demand for product development for complexity and system engineering as more businesses enter the product engineering services market. Emerging economies are witnessing rapid technological and software development. The demand for common intelligent products is currently high.
Numerous substantial changes are anticipated for future society, including the integration of supply chains, the development of the product lifecycle, as well as integrated capabilities. The use of product engineering services in this type of application might increase the response time by looking at the market's sales scenario. Any business can take benefit from the prospects offered by the information technology industry, which can also majorly boost its performance.
On the other side, developing new software that is both costs- and time-effective can be difficult. Using the phases of the product engineering method, the product engineering services aid such enterprises. Designing the development strategy for a software product is the initial process. When creating something new, there are typically higher dangers involved.
The banking industry in South Africa is varied and consists of commercial banks, mutual as well as cooperatives, and branches with foreign ownership. Large banks have performed well, but smaller banks have had a more uneven performance, with worse profitability as well as asset quality and higher portfolio concentrations. With equity capital accounting for approximately 16% of total assets, banks outside the top 5 comprise about 10% of total assets. Most smaller banks report more than 20% of their portfolios as impaired, which is higher than the average for the largest banks.
The Brazil market dominated the LAMEA Product Engineering Services Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $35.2 Billion by 2028. The Argentina market is experiencing a CAGR of 12.9% during (2022 - 2028). Additionally, The UAE market would showcase a CAGR of 12% during (2022 - 2028).
Based on Service Type, the market is segmented into Product & Component Design, Process Engineering, Maintenance, Repair & Operations, and Others. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium-sized Enterprises. Based on Vertical, the market is segmented into Automotive & Transportation, Industrial Manufacturing, Healthcare, IT & Telecom, Energy & Utilities, BFSI, Aerospace & Defense, Media & Entertainment, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Product Engineering Services Market is Predict to reach $2041.4 Billion by 2028, at a CAGR of 8.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Wipro Limited, Tata Consultancy Services Ltd., Accenture PLC, HCL Technologies Ltd., Capgemini SE, ALTEN, Happiest Minds Technologies Limited, AVL List GmbH, and AKKA Technologies SE.
Scope of the Study
Market Segments Covered in the Report:
By Service Type
- Product & Component Design
- Process Engineering
- Maintenance, Repair & Operations
- Others
By Organization Size
- Large Enterprises
- Small & Medium-sized Enterprises
By Vertical
- Automotive & Transportation
- Industrial Manufacturing
- Healthcare
- IT & Telecom
- Energy & Utilities
- BFSI
- Aerospace & Defense
- Media & Entertainment
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- IBM Corporation
- Wipro Limited
- Tata Consultancy Services Ltd.
- Accenture PLC
- HCL Technologies Ltd.
- Capgemini SE
- ALTEN
- Happiest Minds Technologies Limited
- AVL List GmbH
- AKKA Technologies SE
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Product Engineering Services Market, by Service Type
1.4.2 LAMEA Product Engineering Services Market, by Organization Size
1.4.3 LAMEA Product Engineering Services Market, by Vertical
1.4.4 LAMEA Product Engineering Services Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition and scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Partnerships, Collaborations and Agreements : 2018, Oct – 2022, May) Leading Players
Chapter 4. LAMEA Product Engineering Services Market by Service Type
4.1 LAMEA Product & Component Design Market by Country
4.2 LAMEA Process Engineering Market by Country
4.3 LAMEA Maintenance, Repair & Operations Market by Country
4.4 LAMEA Others Market by Country
Chapter 5. LAMEA Product Engineering Services Market by Organization Size
5.1 LAMEA Large Enterprises Market by Country
5.2 LAMEA Small & Medium-sized Enterprises Market by Country
Chapter 6. LAMEA Product Engineering Services Market by Vertical
6.1 LAMEA Automotive & Transportation Market by Country
6.2 LAMEA Industrial Manufacturing Market by Country
6.3 LAMEA Healthcare Market by Country
6.4 LAMEA IT & Telecom Market by Country
6.5 LAMEA Energy & Utilities Market by Country
6.6 LAMEA BFSI Market by Country
6.7 LAMEA Aerospace & Defense Market by Country
6.8 LAMEA Media & Entertainment Market by Country
6.9 LAMEA Others Market by Country
Chapter 7. LAMEA Product Engineering Services Market by Country
7.1 Brazil Product Engineering Services Market
7.1.1 Brazil Product Engineering Services Market by Service Type
7.1.2 Brazil Product Engineering Services Market by Organization Size
7.1.3 Brazil Product Engineering Services Market by Vertical
7.2 Argentina Product Engineering Services Market
7.2.1 Argentina Product Engineering Services Market by Service Type
7.2.2 Argentina Product Engineering Services Market by Organization Size
7.2.3 Argentina Product Engineering Services Market by Vertical
7.3 UAE Product Engineering Services Market
7.3.1 UAE Product Engineering Services Market by Service Type
7.3.2 UAE Product Engineering Services Market by Organization Size
7.3.3 UAE Product Engineering Services Market by Vertical
7.4 Saudi Arabia Product Engineering Services Market
7.4.1 Saudi Arabia Product Engineering Services Market by Service Type
7.4.2 Saudi Arabia Product Engineering Services Market by Organization Size
7.4.3 Saudi Arabia Product Engineering Services Market by Vertical
7.5 South Africa Product Engineering Services Market
7.5.1 South Africa Product Engineering Services Market by Service Type
7.5.2 South Africa Product Engineering Services Market by Organization Size
7.5.3 South Africa Product Engineering Services Market by Vertical
7.6 Nigeria Product Engineering Services Market
7.6.1 Nigeria Product Engineering Services Market by Service Type
7.6.2 Nigeria Product Engineering Services Market by Organization Size
7.6.3 Nigeria Product Engineering Services Market by Vertical
7.7 Rest of LAMEA Product Engineering Services Market
7.7.1 Rest of LAMEA Product Engineering Services Market by Service Type
7.7.2 Rest of LAMEA Product Engineering Services Market by Organization Size
7.7.3 Rest of LAMEA Product Engineering Services Market by Vertical
Chapter 8. Company Profiles
8.1 IBM Corporation
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Regional & Segmental Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Acquisition and Mergers:
8.1.5.3 Geographical Expansions:
8.1.6 SWOT Analysis
8.2 Wipro Limited
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.5.2 Acquisition and Mergers:
8.2.6 SWOT Analysis
8.3 Tata Consultancy Services Ltd.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expenses
8.3.5 Recent strategies and developments:
8.3.5.1 Product Launches and Product Expansions:
8.3.5.2 Acquisition and Mergers:
8.3.6 SWOT Analysis
8.4 Accenture PLC
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Acquisition and Mergers:
8.4.6 SWOT Analysis
8.5 HCL Technologies Ltd. (HCL Enterprises)
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Partnerships, Collaborations, and Agreements:
8.5.5.2 Product Launches and Product Expansions:
8.5.5.3 Acquisition and Mergers:
8.5.5.4 Geographical Expansions:
8.6 Capgemini SE
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Regional Analysis
8.6.4 Recent strategies and developments:
8.6.4.1 Partnerships, Collaborations, and Agreements:
8.6.4.2 Business Expansions:
8.7 ALTEN
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Recent strategies and developments:
8.7.3.1 Partnerships, Collaborations, and Agreements:
8.7.3.2 Acquisition and Mergers:
8.8 Happiest Minds Technologies Limited
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expenses
8.8.5 Recent strategies and developments:
8.8.5.1 Partnerships, Collaborations, and Agreements:
8.9 AVL List GmbH
8.9.1 Company Overview
8.9.2 Recent strategies and developments:
8.9.2.1 Partnerships, Collaborations, and Agreements:
8.10. AKKA Technologies SE
8.10.1 Company Overview
TABLE 1 LAMEA Product Engineering Services Market, 2018 - 2021, USD Billion
TABLE 2 LAMEA Product Engineering Services Market, 2022 - 2028, USD Billion
TABLE 3 Partnerships, Collaborations and Agreements– Product Engineering Services Market
TABLE 4 Product Launches And Product Expansions– Product Engineering Services Market
TABLE 5 Acquisition and Mergers– Product Engineering Services Market
TABLE 6 expansions– Product Engineering Services Market
TABLE 7 LAMEA Product Engineering Services Market by Service Type, 2018 - 2021, USD Billion
TABLE 8 LAMEA Product Engineering Services Market by Service Type, 2022 - 2028, USD Billion
TABLE 9 LAMEA Product & Component Design Market by Country, 2018 - 2021, USD Billion
TABLE 10 LAMEA Product & Component Design Market by Country, 2022 - 2028, USD Billion
TABLE 11 LAMEA Process Engineering Market by Country, 2018 - 2021, USD Billion
TABLE 12 LAMEA Process Engineering Market by Country, 2022 - 2028, USD Billion
TABLE 13 LAMEA Maintenance, Repair & Operations Market by Country, 2018 - 2021, USD Billion
TABLE 14 LAMEA Maintenance, Repair & Operations Market by Country, 2022 - 2028, USD Billion
TABLE 15 LAMEA Others Market by Country, 2018 - 2021, USD Billion
TABLE 16 LAMEA Others Market by Country, 2022 - 2028, USD Billion
TABLE 17 LAMEA Product Engineering Services Market by Organization Size, 2018 - 2021, USD Billion
TABLE 18 LAMEA Product Engineering Services Market by Organization Size, 2022 - 2028, USD Billion
TABLE 19 LAMEA Large Enterprises Market by Country, 2018 - 2021, USD Billion
TABLE 20 LAMEA Large Enterprises Market by Country, 2022 - 2028, USD Billion
TABLE 21 LAMEA Small & Medium-sized Enterprises Market by Country, 2018 - 2021, USD Billion
TABLE 22 LAMEA Small & Medium-sized Enterprises Market by Country, 2022 - 2028, USD Billion
TABLE 23 LAMEA Product Engineering Services Market by Vertical, 2018 - 2021, USD Billion
TABLE 24 LAMEA Product Engineering Services Market by Vertical, 2022 - 2028, USD Billion
TABLE 25 LAMEA Automotive & Transportation Market by Country, 2018 - 2021, USD Billion
TABLE 26 LAMEA Automotive & Transportation Market by Country, 2022 - 2028, USD Billion
TABLE 27 LAMEA Industrial Manufacturing Market by Country, 2018 - 2021, USD Billion
TABLE 28 LAMEA Industrial Manufacturing Market by Country, 2022 - 2028, USD Billion
TABLE 29 LAMEA Healthcare Market by Country, 2018 - 2021, USD Billion
TABLE 30 LAMEA Healthcare Market by Country, 2022 - 2028, USD Billion
TABLE 31 LAMEA IT & Telecom Market by Country, 2018 - 2021, USD Billion
TABLE 32 LAMEA IT & Telecom Market by Country, 2022 - 2028, USD Billion
TABLE 33 LAMEA Energy & Utilities Market by Country, 2018 - 2021, USD Billion
TABLE 34 LAMEA Energy & Utilities Market by Country, 2022 - 2028, USD Billion
TABLE 35 LAMEA BFSI Market by Country, 2018 - 2021, USD Billion
TABLE 36 LAMEA BFSI Market by Country, 2022 - 2028, USD Billion
TABLE 37 LAMEA Aerospace & Defense Market by Country, 2018 - 2021, USD Billion
TABLE 38 LAMEA Aerospace & Defense Market by Country, 2022 - 2028, USD Billion
TABLE 39 LAMEA Media & Entertainment Market by Country, 2018 - 2021, USD Billion
TABLE 40 LAMEA Media & Entertainment Market by Country, 2022 - 2028, USD Billion
TABLE 41 LAMEA Others Market by Country, 2018 - 2021, USD Billion
TABLE 42 LAMEA Others Market by Country, 2022 - 2028, USD Billion
TABLE 43 LAMEA Product Engineering Services Market by Country, 2018 - 2021, USD Billion
TABLE 44 LAMEA Product Engineering Services Market by Country, 2022 - 2028, USD Billion
TABLE 45 Brazil Product Engineering Services Market, 2018 - 2021, USD Billion
TABLE 46 Brazil Product Engineering Services Market, 2022 - 2028, USD Billion
TABLE 47 Brazil Product Engineering Services Market by Service Type, 2018 - 2021, USD Billion
TABLE 48 Brazil Product Engineering Services Market by Service Type, 2022 - 2028, USD Billion
TABLE 49 Brazil Product Engineering Services Market by Organization Size, 2018 - 2021, USD Billion
TABLE 50 Brazil Product Engineering Services Market by Organization Size, 2022 - 2028, USD Billion
TABLE 51 Brazil Product Engineering Services Market by Vertical, 2018 - 2021, USD Billion
TABLE 52 Brazil Product Engineering Services Market by Vertical, 2022 - 2028, USD Billion
TABLE 53 Argentina Product Engineering Services Market, 2018 - 2021, USD Billion
TABLE 54 Argentina Product Engineering Services Market, 2022 - 2028, USD Billion
TABLE 55 Argentina Product Engineering Services Market by Service Type, 2018 - 2021, USD Billion
TABLE 56 Argentina Product Engineering Services Market by Service Type, 2022 - 2028, USD Billion
TABLE 57 Argentina Product Engineering Services Market by Organization Size, 2018 - 2021, USD Billion
TABLE 58 Argentina Product Engineering Services Market by Organization Size, 2022 - 2028, USD Billion
TABLE 59 Argentina Product Engineering Services Market by Vertical, 2018 - 2021, USD Billion
TABLE 60 Argentina Product Engineering Services Market by Vertical, 2022 - 2028, USD Billion
TABLE 61 UAE Product Engineering Services Market, 2018 - 2021, USD Billion
TABLE 62 UAE Product Engineering Services Market, 2022 - 2028, USD Billion
TABLE 63 UAE Product Engineering Services Market by Service Type, 2018 - 2021, USD Billion
TABLE 64 UAE Product Engineering Services Market by Service Type, 2022 - 2028, USD Billion
TABLE 65 UAE Product Engineering Services Market by Organization Size, 2018 - 2021, USD Billion
TABLE 66 UAE Product Engineering Services Market by Organization Size, 2022 - 2028, USD Billion
TABLE 67 UAE Product Engineering Services Market by Vertical, 2018 - 2021, USD Billion
TABLE 68 UAE Product Engineering Services Market by Vertical, 2022 - 2028, USD Billion
TABLE 69 Saudi Arabia Product Engineering Services Market, 2018 - 2021, USD Billion
TABLE 70 Saudi Arabia Product Engineering Services Market, 2022 - 2028, USD Billion
TABLE 71 Saudi Arabia Product Engineering Services Market by Service Type, 2018 - 2021, USD Billion
TABLE 72 Saudi Arabia Product Engineering Services Market by Service Type, 2022 - 2028, USD Billion
TABLE 73 Saudi Arabia Product Engineering Services Market by Organization Size, 2018 - 2021, USD Billion
TABLE 74 Saudi Arabia Product Engineering Services Market by Organization Size, 2022 - 2028, USD Billion
TABLE 75 Saudi Arabia Product Engineering Services Market by Vertical, 2018 - 2021, USD Billion
TABLE 76 Saudi Arabia Product Engineering Services Market by Vertical, 2022 - 2028, USD Billion
TABLE 77 South Africa Product Engineering Services Market, 2018 - 2021, USD Billion
TABLE 78 South Africa Product Engineering Services Market, 2022 - 2028, USD Billion
TABLE 79 South Africa Product Engineering Services Market by Service Type, 2018 - 2021, USD Billion
TABLE 80 South Africa Product Engineering Services Market by Service Type, 2022 - 2028, USD Billion
TABLE 81 South Africa Product Engineering Services Market by Organization Size, 2018 - 2021, USD Billion
TABLE 82 South Africa Product Engineering Services Market by Organization Size, 2022 - 2028, USD Billion
TABLE 83 South Africa Product Engineering Services Market by Vertical, 2018 - 2021, USD Billion
TABLE 84 South Africa Product Engineering Services Market by Vertical, 2022 - 2028, USD Billion
TABLE 85 Nigeria Product Engineering Services Market, 2018 - 2021, USD Billion
TABLE 86 Nigeria Product Engineering Services Market, 2022 - 2028, USD Billion
TABLE 87 Nigeria Product Engineering Services Market by Service Type, 2018 - 2021, USD Billion
TABLE 88 Nigeria Product Engineering Services Market by Service Type, 2022 - 2028, USD Billion
TABLE 89 Nigeria Product Engineering Services Market by Organization Size, 2018 - 2021, USD Billion
TABLE 90 Nigeria Product Engineering Services Market by Organization Size, 2022 - 2028, USD Billion
TABLE 91 Nigeria Product Engineering Services Market by Vertical, 2018 - 2021, USD Billion
TABLE 92 Nigeria Product Engineering Services Market by Vertical, 2022 - 2028, USD Billion
TABLE 93 Rest of LAMEA Product Engineering Services Market, 2018 - 2021, USD Billion
TABLE 94 Rest of LAMEA Product Engineering Services Market, 2022 - 2028, USD Billion
TABLE 95 Rest of LAMEA Product Engineering Services Market by Service Type, 2018 - 2021, USD Billion
TABLE 96 Rest of LAMEA Product Engineering Services Market by Service Type, 2022 - 2028, USD Billion
TABLE 97 Rest of LAMEA Product Engineering Services Market by Organization Size, 2018 - 2021, USD Billion
TABLE 98 Rest of LAMEA Product Engineering Services Market by Organization Size, 2022 - 2028, USD Billion
TABLE 99 Rest of LAMEA Product Engineering Services Market by Vertical, 2018 - 2021, USD Billion
TABLE 100 Rest of LAMEA Product Engineering Services Market by Vertical, 2022 - 2028, USD Billion
TABLE 101 Key information – IBM Corporation
TABLE 102 Key Information – Wipro Limited
TABLE 103 Key Information – Tata Consultancy Services Ltd.
TABLE 104 Key information – Accenture PLC
TABLE 105 Key Information – HCL Technologies Ltd.
TABLE 106 Key Information – Capgemini SE
TABLE 107 Key Information – ALTEN
TABLE 108 Key Information – Happiest Minds Technologies Limited
TABLE 109 Key Information – AVL List GmbH
TABLE 110 Key Information – AKKA Technologies SE
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Partnerships, collaborations and agreements : 2018, oct – 2022, may) Leading Players
FIG 5 Recent strategies and developments: IBM Corporation
FIG 6 Swot analysis: IBM Corporation
FIG 7 Recent strategies and developments: Wipro Limited
FIG 8 SWOT Analysis: Wipro Limited
FIG 9 Recent strategies and developments: Tata Consultancy Services Ltd.
FIG 10 SWOT Analysis: Tata Consultancy Services Ltd.
FIG 11 Swot analysis: Accenture plc
FIG 12 Recent strategies and developments: HCL Technologies Ltd.
FIG 13 Recent strategies and developments: Capgemini SE
FIG 14 Recent strategies and developments: ALTEN