Engineering Services Market Share from 2020 to 2023: The Role of AI, Automation, and Global Expansio

The engineering services industry has witnessed remarkable shifts in market share from 2020 to 2023, largely influenced by digital transformation, automation, and AI-driven innovations. Indian ESPs have emerged as strong contenders, expanding their global reach with cost-effective and high-quality engineering solutions. Global MNCs maintain a dominant position by integrating AI and automation into their engineering processes. European Pureplays, with their expertise in specialized services, have continued to compete effectively. The adoption of cloud-based engineering, data analytics, and AI-powered design optimization has significantly altered market dynamics. This report provides a deep dive into how market share has evolved over the past four years and what factors have contributed to these changes. Whether you are an industry professional or an investor, this analysis offers crucial insights into the future of engineering services.