Latest Developments in Global Product Engineering Services Market

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Latest Developments in Global Product Engineering Services Market

  • ICT
  • Sep 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

  • In March 2025, Wipro announced a major realignment of its global business lines, effective from April 1, 2025. The company will consolidate cloud, data, analytics, AI, and related services into a new Technology Services division. Additionally, a fourth business line, Business Process Services, will focus on digital operations and business process transformation. This restructuring aims to enhance agility, client-centric solutions, and innovation, strengthening Wipro's competitive position in the rapidly evolving IT services market 
  • In October 2024, Capgemini introduced its "Augmented Engineering" offerings powered by generative AI to enhance engineering and R&D processes. This suite includes solutions such as "Augmented R&D Discovery" for accelerating scientific research and "Augmented Software Product Engineering" to improve development efficiency. The integration of hybrid AI aims to deliver precise, quality-driven outcomes across industries. Capgemini's investment in AI capabilities and strategic partnerships positions it to support clients in transforming their engineering and R&D operations 
  • In June 2024, Cognizant and Gentherm announced a strategic partnership to enhance product engineering services and establish a new delivery center. Cognizant will provide systems engineering, validation, and model-based development services from Hyderabad, India, and has created a test facility for Gentherm products. This collaboration aims to accelerate the development of innovative thermal comfort and lumbar support solutions for the next generation of vehicles. By leveraging cloud-native technologies and virtualization, the partnership seeks to improve agility, scalability, and efficiency in product development. The dedicated delivery center will support Gentherm's transformation process in product design, launch, and continuous delivery, positioning both companies to meet the growing needs of software-defined vehicles