Engineering Services Market Growth (2020-2023): The Role of Automation and AI in Market Share Expans

Automation and AI have played a transformative role in the engineering services sector, leading to significant market share shifts from 2020 to 2023. Indian ESPs have successfully integrated AI-driven automation to enhance productivity and reduce costs, gaining a larger share of the global market. Global MNCs have maintained their dominance by adopting cutting-edge AI solutions and expanding their digital capabilities. European Pureplays, while facing increasing competition, have focused on high-value, precision-driven engineering services to sustain their market position. This report provides an in-depth analysis of how automation and AI have influenced market dynamics. It highlights the key players who have benefited from these advancements and those struggling to keep pace. By understanding the role of technology in market share expansion, businesses can identify opportunities for growth and innovation in the evolving engineering services landscape.