On the surface, a product looks so simple, rightly priced, provides the functions and features precisely required by the customers, and performs under various conditions. But under the hood, complex product engineering takes place right from planning, designing, development, testing, deployment, and maintenance of software products. The emergence of Web 2.0 technologies and SaaS platforms have transformed traditional software engineering to product engineering services. Product engineering services take care of the entire product management lifecycle, right from the innovation phase to user acceptance phase compared with traditional software engineering services that deliver different phases as separate functional silos. Efficient product management services can help companies achieve faster time to market, enhance data quality, and reduce the cost of operations through effective management control. So who are the top players that are contributing to an impressive market CAGR of 9.13%? (Procurement Market Intelligence Report – SpendEdge)Accenture
Accenture is one of the leading professional and technology services companies with an operational presence in more than 200 cities in 120 countries. The company provides professional services such as strategy consulting, digital, technology, operations management, and product engineering services. Accenture’s engineering and product operations team helps clients deliver strategic business value through increased enterprise leverage and mobilization of R&D assets. Their product engineering services aim to reduce the overall R&D costs, drive increased agility and efficiency, enhance transparency and end-to-end traceability, and accelerate time to market.
Cognizant is a multinational product engineering service provider, listed in NASDAQ-100 and the S&P 500 indices. The company provides a comprehensive range of professional IT services such as application development, digital transformation services, consulting, and business operations management. The company’s product engineering service caters to a host of related services including business consulting services, analytics and information management, intelligent process automation, business process as a service, and IT strategy and security. In a bid to extend their capabilities, Cognizant acquired Brilliant Service, a Japanese intelligent products and solutions provider.
Tata Consultancy Services (TCS) is one of the prominent IT services, consulting, and business solutions providers. In February 2017, the company was placed among the Big 3 of most valuable IT services brand in the world by leading brand valuation firm Brand Finance. The company makes use of various existing technologies such as AI, big data, cloud computing, cybersecurity, and IoT to enhance their product engineering capabilities. The company provides product engineering solutions across various industries such as BFSI, communications, insurance, manufacturing, retail, CPG, energy, life sciences, and transportation.
Capgemini is one of the largest global service providers for consulting, outsourcing, and professional services in the world. The company provides services to clients in varied industries such as transportation, aerospace and defense, automotive, consumer products and retail, banking and capital markets, and healthcare. The company employs over 10,000 engineers across 44 countries to offer a comprehensive portfolio of solutions and services during each stage of the product lifecycle. The company also combines the local engineering skill-base with its wholly-owned subsidiary Sogeti and Sogeti Labs for R&D and innovation.
Infosys is one of the leading global product engineering service providers with a comprehensive professional service portfolio that includes business consulting, information technology, and outsourcing services. The company headquartered in Bengaluru, India, provides its services to clients through its subsidiaries such as Infosys BPO, Infosys Consulting, Infosys Public Services, EdgeVerve Systems, and Skava Systems. Infosys combines their engineering expertise with supply chain and BPO capabilities to bring unique offerings to the market.
Read more about the key vendors in the product engineering services market along with supply market insights, pricing models, sourcing challenges, and technological advancements in SpendEdge’s upcoming report on the global product engineering services market.