Trends in Engineering Services Market

Svetlana Vasilyevna Ivanova, Andrey Viktorovich Sotnikov and Evgenija Vadimovna Taranovskaja
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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

Russian Foreign Economic Journal, 2022, issue 8, 54-60

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.

Keywords: engineering; civil engineering; industry; international trade; the impact of the Internet of things (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:alq:rufejo:rfej_2022_08_54-60

DOI: 10.24412/2072-8042-2022-8-54-60

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