Investments in Digital Engineering to Account for 37% of the ER&D Market by 2023: Says Zinnov
/ -- - The Global Corporate Engineering and R&D spend is in excess of USD 1.2 Tn in 2018
- Z1000 organizations account for USD 812 Bn of the global R&D Spend
- Digital Engineering spend is estimated at USD 293 Bn and accounts for 24% of overall Global Corporate Engineering Spend
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On Service Providers building Digital Engineering capabilities, Pari added, "Service Providers need to invest along multiple dimensions such as infrastructure, ecosystem connects, IP, talent, etc., to build Digital Engineering capabilities to drive competitive differentiation. Those Service Providers who focus on embedding digital technologies with digital outcomes and build deep capabilities to drive transformational change will succeed."
The ER&D Services report assessed 38 Service Providers for their ER&D prowess. The SPs have been assessed for their capabilities across:
- Overall ER&D Services
- Horizontal capabilities
AI & ML Engineering Design & Simulation Engineering User Experience Engineering Platform Engineering Quality Assurance Engineering - Vertical-specific capabilities (13 verticals including aerospace, automotive, CPS, construction & heavy machinery, consumer electronics, energy & utilities, industrial automation, medical devices, semiconductors, software & Internet, telecom, and transportation)
About Zinnov Zones:
About Zinnov:
Founded in 2002, Zinnov is a global management and strategy consulting firm, with presence in Silicon Valley, Houston, Bangalore, and Gurgaon. Over the past 16 years, Zinnov has successfully consulted with over 250+ Fortune 500 customers to develop actionable insights that help them in their transformation journeys. With core expertise in Product Engineering and Digital Transformation, Zinnov assists clients by:
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