The Global ER&D spend by organizations worldwide has stayed resilient despite COVID-19 and will grow at a 9% CAGR to reach USD 2.1 Trillion by 2024. Digital engineering spend will account for over 50% of Global ER&D spend by 2024. The relentless focus on digital engineering by the Hitech and services led verticals has braced these verticals to surpass manufacturing led verticals in terms of ER&D spend in the next couple of years.

Zinnov, for the first time, has assessed the service providers for their investments, client success and delivery capabilities for engineering services across specific geographies such as USA, Germany, and Japan. For this study, ~50 Global ER&D Service Providers were assessed on their ER&D Services prowess and capabilities.