What is the Everest Group Engineering Services (ES) 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.
Why the Everest Group Engineering Services Top 50™?
ES providers continue to enhance their engineering capabilities and acquire companies to increase their scale and enter new markets. Outsourcing has grown since 2022, albeit at a slow pace. Key growth drivers include platformization and the softwarization wave. Companies invest in Software Defined Everything (SDX) in both automotive and medical devices. They experiment with gen AI in diverse applications, advance connected products, and implement Industry 4.0 practices. A consistent rise in sustainability and green technology practices in software and digital engineering also fuels growth.
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 providers, based on their previous year’s ES revenue (CY 2023 for this report), qualify for the Engineering Services Top 50 assessment
(2) Rank determination: Providers are ranked based on their previous year’s ES revenue (CY 2023 for this report) and YoY 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)
