What is the Everest Group Engineering Services (ES) Top 50™?
Engineering Services (ES) includes all activities (across software, embedded, mechanical, and process engineering functions) that support the design, development, testing, and management of products, both hardware and software. The Everest Group Engineering Services Top 50™ is a global list of the 50 largest third-party providers, based on their ES revenues and year-on-year growth. This is the fifth edition of the definitive listing.
Why the Everest Group Engineering Services Top 50™?
This report provides a clear and objective overview of the third-party services market and how ES providers compare to each other. It will assist enterprises in identifying the top ES providers and their functional coverage, and ES providers in benchmarking themselves against peers. It will also be useful for other parties interested in the space, such as private equity and venture capital firms.
ES providers continued to boost their engineering capabilities and acquire companies to increase scale and gain access to new markets. Outsourcing has increased from 2021, driven by a platformization wave, increased investments in connected and electric cars, and a rise in sustainability and green technology practices toward software and digital engineering.
How is the Everest Group Engineering Services Top 50™ determined?
There are two distinct steps involved in determining the Engineering Services Top 50:
(1) Criterion: Only the 50 largest service providers, based on their previous year’s ES revenue (CY 2022 for this report), qualify for the Engineering Services Top 50 assessment
(2) Rank determination: Service providers are ranked based on their previous year’s ES revenue (CY 2022 for this report) and year-on-year growth. Growth comprises two parameters: absolute growth (measured as change in ES revenue in US$) and percentage growth (measured as percentage change in ES revenue)
