Article excerpt:
NEW YORK, Nov. 3, 2023 /PRNewswire/ — Global Management Consulting firm, Zinnov Management Consulting, released its industry-leading study on Digital Engineering spends today. Zinnov shared that Digital Engineering spends, continue to remain buoyant in a post-pandemic, possible-recessionary era, and has now stabilized at USD 810 Bn, at a consistent 22% CAGR. Despite macro-economic challenges of political tensions, inflation, recession, and supply chain disruptions, investments in Digital Engineering are on an upward trajectory, fueled by CXOs seeking to explore innovative use cases leveraging digital technologies. Zinnov’s analysis reveals that Digital Engineering spends will reach USD 1,584 Bn by 2026, owing to the unabated pace of technological innovation. The study titled, ‘The Inevitable Rise and Impact of Digital Engineering,’ is a benchmark for business leaders across verticals that helps in identifying strong partners for rapid and efficient deployment of Digital Engineering-led services initiatives across geographies.
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