This report identifies key demand-side trends in the digital engineering space that can help enterprises fine-tune their digital strategies. It also provides an overview of enterprise challenges in the digital engineering space based on Avasant’s assessment.
Why read this Market Insights?
In the rapidly evolving landscape of digital engineering, enterprises are navigating economic, technological, and consumer-driven forces that are reshaping their priorities. Macroeconomic uncertainty is driving innovation and R&D to maintain competitiveness. There is a growing demand for connected products and new revenue streams, focusing on operational efficiency and evolving business models. Sustainability and regulatory compliance are crucial, especially for asset-heavy industries, which are re-evaluating their product engineering approaches. Evolving customer preferences are steering companies toward hyperpersonalization and sustainable products, reflecting a shift toward customized and eco-friendly solutions.
The Digital Engineering Services 2024 Market Insights™ aids enterprises in identifying important market trends and challenges for any digital engineering project they participate in.
Methodology
The industry insights presented in this report are based on the following: our ongoing interactions with enterprise CXOs and other key executives; targeted discussions with service providers, subject matter experts, and Avasant Fellows; analyst insights from primary and secondary research; and lessons learned from consulting engagements.
Table of contents
About the report (Page 3)
Executive summary (Pages 4–7)
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- Defining digital engineering services scope
- Key drivers and enterprise response
- Avasant recognizes 23 top-tier providers offering digital engineering services
Demand-side trends (Pages 8–13)
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- Enterprises are looking to prioritize innovation and R&D efforts amid macroeconomic uncertainty
- Connected products see more traction as operational efficiency becomes increasingly crucial
- Traditional enterprises are exploring new revenue streams as emerging digital-native competitors disrupt the ER&D landscape
- Heightened emphasis on sustainability and regulatory changes are prompting asset-heavy industries to reconsider their product engineering approach
- Customer preferences are evolving, with a growing inclination toward hyperpersonalization and sustainable products
Key contacts (Page 14)
Read the Research Byte based on this report. Please refer to Avasant’s Digital Engineering Services 2024 RadarView™ for detailed insights on the service providers and supply-side trends.