• Thematic Report
    March 05, 2024

    While the professional services market experienced a slowdown last year, engineering services emerged as a standout performer among other segments. In this webinar, our analysts examined the past performance and future prospects of the engineering services sector.…
  • Thematic Report
    Jan. 22, 2024

    As we step into 2024, global macroeconomic stability is shrouded in great uncertainty. Ongoing macroeconomic events, trade wars, and an economic slowdown are impacting businesses worldwide, compelling them to approach business growth in the upcoming year…
  • Viewpoint
    Jan. 10, 2024

    Recessionary concerns exerted a significant influence on enterprise decision-making in 2023, driven by factors such as depleting pandemic savings, high-interest rates, global demand slowdown, rising oil prices, and ongoing geopolitical uncertainties. Despite these challenges, enterprises displayed…
  • Thematic Report
    Dec. 19, 2023

    Enterprises influenced the 2022 global Engineering and Research and Development (ER&D) spending by adopting a cautious strategy amid economic uncertainties. Despite this approach, new investment themes emerged. Heightened customer demand for intelligent, sustainable, and interconnected products…
  • Blog
    Sep. 12, 2023

    The Everest Group Engineering Services Top 50™ is a valuable resource for enterprise decision-making and provider benchmarking. Discover traits shared by the leaders, the industry outlook and hottest market segments, and other compelling insights from our…
  • Provider Recognition
    Sep. 11, 2023

    What is the Everest Group Engineering Services (ES) Top 50™? Engineering Services (ES) includes all activities (across software, embedded, mechanical, and process engineering functions) that support the design, development, testing, and management of products, both hardware…
  • Viewpoint
    Aug. 23, 2023

    Today, software has become essential to the operation of every company. The importance of software products for businesses, regardless of whether they are product- or service-focused, has been heightened by the increasing prevalence of platform-based business…
  • Thematic Report
    March 20, 2023

    As we enter 2023, global macroeconomic stability continues to remain uncertain. Forecasts of an impending recession are gripping businesses worldwide, compelling them to adopt a cautious outlook toward business growth in the coming year. Most organizations…
  • Viewpoint
    Feb. 20, 2023

    Throughout 2022, headlines concerning the Ukraine-Russia conflict, wage inflation, talent shortages, and the possibility of an impending economic slowdown remained prevalent. Despite these challenges, enterprises demonstrated resilience and increased their expenditures on Engineering Research and Development…
  • Provider Recognition
    Nov. 14, 2022

    What is the Everest Group Engineering Services (ES) Top 50™? The Everest Group Engineering Services Top 50™ is a global list of the 50 largest third-party providers, based on their ES revenues and year-on-year growth. This…
  • Thematic Report
    Sep. 15, 2022

    Global Engineering and R&D (ER&D) spending rebounded strongly in 2021 after the COVID-19-induced decline in 2020, with enterprises investing heavily in softwarization and the embedding of digital technologies into their products to meet customer demand for…
  • Viewpoint
    June 14, 2022

    Software has emerged as the most critical component in products today. The lines of code in products have increased to unprecedented levels, while technologies such as Artificial Intelligence (AI) / Machine Learning (ML), Internet of Things…
  • Thematic Report
    May 31, 2022

    The rapid pace of innovation in engineering has made enterprises increasingly dependent on service providers. Consequently, vendors are developing offerings that can help them play a critical role in the product engineering value chain by filling…
  • Engineering service providers who demonstrated critical capabilities to enterprises over the past pivotal year are now being recognized for their leadership with the 2022 PEAK Matrix Service Provider of the Year™ awards in engineering services. Read…
  • Viewpoint
    Feb. 11, 2022

    The business landscape began to recover from the effects of the COVID-19 pandemic in 2021. Despite new virus variants emerging and supply chain disruptions and talent shortages impacting businesses, Engineering R&D (ER&D) spending increased during the…
  • Thematic Report
    Sep. 23, 2021

    Today, with technology becoming central to both product functioning and the delivery of high-impact experiences, Engineering Research & Development (ER&D) has become vital for enterprises to maintain their competitive advantage. While the COVID-19 pandemic impacted the…
  • Webinar Deck
    July 13, 2021

    On July 13, Everest Group hosted a webinar titled, "Digital Engineering: What You Need to Know to Design Your Future." Digital engineering accounts for nearly one-fourth of the global Engineering and R&D spend today and stands…
  • Blog
    Feb. 12, 2021

    The COVID-19 pandemic resulted in a severe economic downturn in 2020, and engineering service providers certainly suffered the effects of the slowdown. The following chart presents the performance of select engineering service providers – Alten, Cyient,…
  • Thematic Report
    Jan. 15, 2021

    Investments in Engineering Research and Development (ER&D) remain critical for enterprises to address customer demand, enhance customer experience, and stay ahead of market trends. Although the COVID-19 outbreak negatively impacted industries such as automotive, aerospace &…
  • Thematic Report
    Dec. 06, 2019

    In today’s world characterized by a constantly evolving technology landscape and rapidly changing customer needs, Engineering Research and Development (ER&D) has become a key contributor to an enterprise’s ability to differentiate itself and stay competitive in…

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