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What is the Everest Group Engineering Services Top 50™?

The Everest Group Engineering Services Top 50™ is a global list of the 50 largest third-party providers, based on their Engineering Services (ES) revenues and year-on-year growth for CY 2018. This is the inaugural edition of the list; we are launching it to help ES stakeholders understand the broad dynamics of growth and success in the industry.

Note: Engineering services include all activities (across software, embedded, mechanical, and process engineering functions) that support the design, development, testing, and management of products, both hardware and software

Why the Everest Group Engineering Services Top 50™?

The global third-party ES industry is valued at more than US$40 billion. Enterprises have traditionally kept the design-to-development process in-house, but the need for scalability and rapid innovation has compelled them to consider third-party providers. As a result, ES providers have grown, through both more and larger deals, expanding the industry breadth, solution breadth, and global footprint. They are developing domain expertise and gaining scale through IP engagements and acquisitions. And the market is becoming more favorable to engineering services providers as more high-end engineering services opportunities are being outsourced.

Engineering services providers are diverse. Some are pure-play engineering services providers, while others offer engineering services as part of a broader portfolio (IT and/or business process services, consulting, technology products, etc.). Some are focused on a particular domain or geography, while others are broad-based. Some are listed, while others are privately held.

This list helps enterprises to identify the largest  providers and their functional coverage. It also helps ES service providers to compare themselves against others in the industry.

How is the Everest Group Engineering Services Top 50™ determined?

 

There are two distinct steps involved in determining the Top 50:

(1) Qualification – only the 50 largest service providers, based on their Calendar Year (CY) 2018 ES revenue, qualify for the Engineering Services Top 50 assessment

(2) Rank determination – service providers are ranked on the basis of their CY 2018 ES revenue and year-on-year growth. Growth has two sub-parameters: absolute growth (measured as change in ES revenue in US$ million) and percentage growth (measured as percentage change in ES revenue)

What you will find inside the Everest Group Engineering Services Top 50

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Revenue

The service provider’s annual revenue in US$ million, reported or estimated

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YOY Growth

Is the service provider growing? Is it a fast-growing, emerging provider? Or is it established but facing stagnant growth?

Key Engineering Services Offerings

In what key functional and geographic areas are the service provider’s offerings?

Everest Group Engineering Services Top 50