The convergence of technology and business model innovations are forming a vibrant global digital ecosystem driving the growth in digital engineering. The overall global corporate ER&D spend is pegged at USD 1.2 trillion. According to the Zinnov Zones for ER&D Services 2019 report, digital engineering will drive future growth in ER&D spend and is expected to account for 39% of overall spend by 2023. The focus of ER&D spenders is on enhanced product development velocity, product ownership experience, alternate revenue streams, efficient processes and quality control.
In this recently released report, Zinnov has named Capgemini amongst the leading players for its Engineering R&D priorities with an enhanced focus on digital engineering. We have maintained our leadership position in the “Overall Ratings” category. We are also ranked in “Leadership Zone” across seven key industrial verticals – Aerospace, Automotive, Computer Peripherals and Storage, Construction and Heavy Machinery, Energy and Utility, Industrial Automation and Medical Devices. We are recognized as an ‘Established and Expansive’ player in Design and Simulation, AI and Machine Learning, User Experience Engineering, Platform Engineering, and Quality Assurance.
We believe our deep expertise in integrated capability of Digital Engineering and Manufacturing Services help our clients’ to boost their competitiveness. With evolving business models and exponential technologies, our focus on IoT powered connected products, Industry 4.0 and smart engineering solutions help in addressing the integrated value chain with end-to-end engineering solutions.
The report points out that
- Across verticals, digital engineering outpaces legacy ER&D spend and will drive growth for the future
- Deals signed with digital engineering in scope have witnessed an increase in TCV Y-o-Y reflecting increased maturity of service providers to help “Build the New”.
This is in line with our positioning of “Accelerate the new” and “Optimize the Old”.
Capgemini’s Digital Engineering and Manufacturing Services (DEMS) brings together deep domain expertise to lead the convergence of Physical and Digital worlds through technology, engineering and manufacturing expertise to boost our clients’ competitiveness. Capgemini’s comprehensive portfolio of end-to-end solutions enables global companies to unlock the true potential of their product portfolios and manufacturing efficiencies.
Zinnov Zones is an annual rating to assess the prowess of global service providers for their competencies and capabilities in Engineering R&D services. Zinnov analyzed 40 ER&D services providers on various parameters like – product development capabilities, scale and scalability, client spread, client references, specialization, innovation and IP, and eco system linkages.