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Key Statistics of Digital Engineering Services

• Global Market Size (2023): $53.4 billion
• Projected Market Size (2027): $103.2 billion
• Compound Annual Growth Rate: 20.3% (2023-2027)
• Average Development Time Reduction: 37% across industries
• Average Cost Savings: 28% for organizations with mature digital engineering practices
• Digital Twin Implementation ROI: 3.5x average return within three years
• Cloud-Based Engineering Services Growth: 24.8% CAGR
• AI in Engineering Design Market: $2.3 billion (2023), growing at 32% annually
• Engineering Data Generated Annually: Estimated 1.8 exabytes (1.8 billion gigabytes) in 2023

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