Global Engineering Services Market To Record Additional Spend Of About $ 201.74 Billion, Says SpendEdge
The Engineering Services market is expected to grow at a CAGR of 4.04% over the five year forecast period (2021-2025).
NEW YORK, September 25, 2021 / PRNewswire / –
A targeted strategic approach to engineering services can open up several opportunities for buyers. This report also offers market impact and new opportunities created due to the Covid-19 pandemic.
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Highlights presented in the report:
Information on how to identify strategic and tactical trading levels that will get the best prices.
Get information on relevant pricing tiers, detailed explanations of the pros and cons of common pricing models.
Methods to help engage with the right suppliers and discover KPIs to assess existing suppliers.
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Overview of buyer’s strategies and tactical negotiation levers:
Several strategic and tactical negotiating levers are explained in the report to help buyers obtain the best prices in the Engineering Services market. The report also helps buyers know about engineering services pricing levels, pros and cons of common pricing models, such as volume based pricing, spot pricing, cost plus pricing. and category management strategies and best practices to achieve their category goals.
For more information on buyers’ strategies and tactical negotiation levers, www.spendedge.com/report/engineering-services-sourcing-and-procurement-intelligence-report
Key Drivers and Trends Driving Market Growth:
Pressure from substitutes and a moderate level of threat from new entrants has resulted in weak bargaining power from suppliers.
Price forecasts are beneficial in purchasing planning, especially when complemented by constant monitoring of price influencing factors. During the forecast period the market expects a variation of 2.00% to 4.00%.
Identify favorable opportunities in the TCO (total cost of ownership) of engineering services.
Expected changes in price forecasts and factors determining current and future price changes.
Identify the pricing models that offer the most rewarding opportunities.
Some of the major engineering service providers listed in this report:
This Engineering Services Procurement Intelligence Report identified top vendors and their cost structures, SLA terms, best selection criteria, and negotiation strategies.
HCL Technologies Ltd
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Category pricing information
Cost reduction opportunities
Category management strategy
Category management facilitators
Selection of suppliers
US Market Snapshot
Scope of the category
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