Technology has become crucial to both product engineering and the delivery of high-quality customer experiences amid cutthroat competition among industries. To cater to customer needs and develop connected, smart, and autonomous products, enterprises are investing in next-generation digital technologies such as Artificial Intelligence (AI) / Machine Learning (ML), Augmented Reality (AR) / Virtual Reality (VR), 5G, blockchain, Internet of Things (IoT), and cybersecurity. However, the rapid pace of innovation, unavailability of digital talent at scale, and the need to stay ahead of market trends necessitate a compelling partnership ecosystem that can accelerate enterprises’ time-to-market.

To address this growing demand, engineering service providers are enhancing their capabilities and offerings to unlock the potential of data from connected products, integrate multiple technologies for a better user experience, and engineer technologically sound digital products.

This research, the first edition of Everest Group’s Digital Product Engineering Services PEAK Matrix®Assessment, evaluates 30 engineering service providers based on the PEAK Matrix® framework. The report assesses the relative positioning of the providers and focuses on their key strengths and limitations vis-à-vis enterprise sourcing considerations.

Scope

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

Contents

In this report, we:

• Feature the Digital Product Engineering Services PEAK Matrix® 2022 research
• Study the key characteristics of Leaders, Major Contenders, and Aspirants
• Share a summary dashboard capturing the relative assessment of each service provider’s vision and capability and market impact
• Evaluate providers’ strengths and limitations vis-à-vis enterprise sourcing considerations

Membership(s)

Engineering Services

Sourcing and Vendor Management