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Trends in Engineering Services Market

Author

Listed:
  • Svetlana Vasilyevna IVANOVA

    (Plekhanov Russian University of Economics, Moscow, Russia)

  • Andrey Viktorovich SOTNIKOV

    (Russian Foreign Trade Academy, Moscow, Russia)

  • Evgenija Vadimovna TARANOVSKAJA

    (Russian Foreign Trade Academy, Moscow, Russia)

Abstract

Under the influence of scientific and technological progress, new types of services appear on the global market for high-tech services that are in great demand in civil engineering, manufacturing aimed at automation, and in foreign markets. The average annual sales growth rates of new types of services exceed the growth rates of industrial output. The market is greatly influenced by the growing spread of the Internet of things. Corporations of industrialized countries are the leading market players, but the role of India, China and a number of states in Southeast Asia is growing among the countries providing the services in question.

Suggested Citation

  • Svetlana Vasilyevna IVANOVA & Andrey Viktorovich SOTNIKOV & Evgenija Vadimovna TARANOVSKAJA, 2022. "Trends in Engineering Services Market," Russian Foreign Economic Journal, Russian Foreign Trade Academy Ministry of economic development of the Russian Federation, issue 8, pages 54-60, August.
    • Handle: RePEc:alq:rufejo:rfej_2022_08_54-60
    DOI: 10.24412/2072-8042-2022-8-54-60
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