Industry 4.0 is revolutionizing the manufacturing and operations ecosystem by converging the digital and physical worlds and integrating emerging technologies with physical systems. This transformation is characterized by the modern themes of interconnectivity, digitalization, and automation and is made possible through technological developments in fields including Internet of Things (IoT), additive manufacturing, cloud computing, edge computing, analytics, robotics, cybersecurity, Artificial intelligence (AI) / Machine Learning (ML), and Augmented Reality (AR) / Virtual Reality (VR).

Enterprise adoption of Industry 4.0 is significantly increasing globally, as it helps achieve cost savings, realize higher revenues, and increases flexibility, visibility, quality, efficiency, and control in industrial setups. Third-party vendors are playing a critical role in accelerating enterprise adoption by offering services across the value chain, point solutions, and platforms, as well as by orchestrating an ecosystem of partner capabilities. As enterprises seek partners that can offer advisory, technology, and scaled execution in their Industry 4.0 journeys, providers continue to invest in skills, infrastructure, and partnerships to differentiate themselves in a fiercely competitive market.

In this unique and exhaustive research, we present detailed profiles and assessments of 22 engineering service providers associated with Industry 4.0 services and feature them on Everest Group’s PEAK Matrix® assessment.

Scope

• Industry: engineering services
• Geography: global
• This study is based on RFI responses from service providers, interactions with their engineering leadership, client reference checks, and an ongoing analysis of the engineering services market

Contents

In this report, we:

• Feature the Industry 4.0 Services PEAK Matrix^® 2022 Assessment
• Study the key characteristics of Leaders, Major Contenders, and Aspirants
• Evaluate providers’ strengths and limitations vis-à-vis enterprise sourcing considerations

Membership(s)

Engineering Services

Sourcing and Vendor Management