SoftServe Named World’s 19th Largest Third-Party ES Provider

SoftServe has been ranked 19th in the 2023 Everest Group Engineering Services Top 50^TM global report that lists the largest third-party providers of engineering services (ES). In the same report, SoftServe was ranked as the fifth largest ES provider worldwide by percentage growth.

According to the Everest Group, the report provides an objective overall view of the third-party ES market and how providers compare to each other.

To identify the global Engineering Services Top 50 providers for 2023, Everest Group applied a criterion of only the 50 largest service providers to qualify for the assessment. They were named based on their 2022 ES revenue and year-on-year growth. Growth comprised two parameters, absolute growth measured as change in ES revenue in USD, and percentage growth measured as percentage change in ES revenue.

The report also noted that ES providers continued to boost their engineering capabilities and acquire companies to increase sales and gain access to new markets. Outsourcing has increased since 2021, driven by a platformization wave, increased investments in connected and electric cars, and a rise in sustainability and green technology toward software and digital engineering.

Everest Group is a Dallas, TX-based global research firm. See the full report at Everest Group website.

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