Global Digital Engineering Solutions & Services Market: Introduction
Digital engineering is the process of data formation, collection, and incorporation using a digital skillset. From drawings to simulation and 3D models, in a digitized world, engineers are constantly utilizing digital technology to collect data and develop design. The art of digital engineering allows designers to explore possibilities through progressive applications and develop innovative solutions in a virtual environment.
Global Digital Engineering Solutions & Services Market: Dynamics
- Increasing usage of 3D moduling solutions
- 3D models are seen as the most intuitive type of digital engineering. The computable details behind the blueprint offers access to enormous resources and possibilities. After the implementation of 3D modeling is done, the operational departments access the digital details, enabling them to maximize their ability by using the extracted data.
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North America Led the Global Digital Engineering Solutions & Services Market in 2019
- Based on region, the global digital engineering solutions & services market can be segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa
- North America held a dominant share of the global digital engineering solutions & services market in 2019. It is expected to continue its dominance throughout the forecast period. The U.S. and Canada are the major countries that drive the digital engineering solutions & services market in this region.
- The rising impact of industry leaders and the trend of early adoption technologies are some of the main factors that make North America dominant in the global digital engineering solutions & services market.
- The digital engineering solutions & services market in Asia Pacific is projected to grow during the forecast timeframe at the fastest CAGR. China, Japan, India, and Australia are major countries that drive the market in this region.
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Construction segment anticipated to expand at the highest CAGR during the forecast period
- Based on Industry, the digital engineering solutions & services market can be bifurcated into automotive, construction, healthcare, energy & utility, and others. The construction segment is projected to expand over the forecast period at the highest CAGR. The growing use of 3D modulating technologies in the construction sector is becoming a driving force for the digital engineering solutions and services market in this segment.
- Construction firms are using 3D modeling programs to create computer-generated construction project models that include a brief view of the project, landscape, construction site etc. Furthermore, the market has also expanded due to numerous advantages such as increase in efficiency, elimination of waste, deduction of construction costs and time, improved output, and product consistency.
- The healthcare sector is predicted to hold the dominant position throughout the forecast period. Increasing demand from hospitals and clinics for innovative technologies to enhance healthcare facilities is driving the segment in the digital engineering solutions & services market.
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Key Players Operating in the Global Digital Engineering Solutions & Services Market
Key players operating in the global Digital Engineering Solutions & Services market are listed below:
- Digital Engineering Solutions, LLC
- Aurecon Group Brand Pty. Ltd.
- Capgemini SE
- HCL Technologies Limited
Figure: Global Digital Engineering Solutions & Services Market, by Company
Figure: Global Digital Engineering Solutions & Services Market, by Component
Global Digital Engineering Solutions & Services Market, by Industry
- Energy & Utility
Figure: Global Digital Engineering Solutions & Services Market , by Region
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