Engineering Services CXO Insights: Key Issues Report 2024
Market Report

22 Jan 2024
by Akshat Vaid, Mayank Maria, Nishant Udupa, Susmitha Devisetty, Shubham Pandey

As we step into 2024, global macroeconomic stability is shrouded in great uncertainty. Ongoing macroeconomic events, trade wars, and an economic slowdown are impacting businesses worldwide, compelling them to approach business growth in the upcoming year with caution. Most organizations are striving to minimize cost/price pressures in response to growing inflationary trends. While the demand and supply gap for conventional engineering skills has eased, new advances in AI have once again resulted in a scarcity of skilled talent. More importantly, there is a shift caused by multiple industries looking to explore and implement generative AI across their value chain, signaling a substantial change in traditional talent requirements. Today, the challenge lies in navigating these uncertain times while addressing the talent gap.

This report offers insights into how leading global enterprises have been impacted in 2023 and outlines their strategies for fostering innovation with resilience in these uncertain times.

Scope

  • All industries and geographies
  • Services: engineering

Contents

In this report, we examine:

  • Identify top business challenges and vital business model changes in 2024
  • Study the outlook and priorities for 2024
  • Explore key themes that define the enterprise software industry
  • Examine changes to provider portfolios and key provider-related challenges and priorities

Membership(s)

Engineering Research and Development

Software Product Engineering Services

Outsourcing Excellence

 

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