Despite economic uncertainties and geopolitical factors, the Engineering R&D spend has grown the highest in a decade, to touch USD 1,653 Bn in 2021. Of this, ~40% is Digital Engineering spend, which is the enterprise spend on next-generation technologies such as AI/ML, IOT, AR/VR, Microservices, etc., to build new products and services for revenue generation. With Digital Engineering playing a pivotal role in how enterprises conceptualize, design, manufacture, and support products, it is expected to contribute nearly 55% towards the overall ER&D spend by 2025.
As we enter into the Digital Transformation 2.0 era, Metaverse, 5G, Digital Thread, and Cloud & AI will increasingly drive the spend for the ER&D market. We have decades of experience partnering with companies across the ER&D value chain – from Enterprises, ER&D Service Providers, OEMs, to Tier-I Suppliers – to help them capitalize on these trends. We work alongside our customers to drive their Digital Engineering strategy, armed with rich data and insights, and our marquee thought leadership reports on ER&D and Digital Engineering. Our annual Zinnov Zones rating, the gold standard in the global ER&D market, enables business leaders across verticals to identify strong partners for faster and more efficient deployment of ER&D-led services initiatives across geographies. From driving organic as well as inorganic growth, to strengthening partnerships and alliances strategy, we deliver high-impact, actionable insights that help organizations make data-driven decisions.
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