Share this article Share this article SANTA CLARA, Calif. and PUNE, India, Feb. 11, 2021 /PRNewswire/ -- For the second consecutive year, technology research and advisory firm Constellation Research has placed Persistent Systems (BSE: PERSISTENT) (NSE: PERSISTENT) on its short list of vendors in its Innovation Services and Engineering ShortList ™ for Q1 2021. Constellation Research evaluates more than 50 solutions categorized in this market and the ShortList is determined by client inquiries, partner conversations, customer references, vendor selection projects, market share and internal research. Constellation Research estimates a $1.3 billion market for innovation services and engineering by 2021. This category spans both physical and digital offerings and how clients can engage third-party service firms to innovate, design, develop, test, deploy and refresh an offering. As monetization models evolve from product sales to subscription services, from paid to ad-funded and from all you can eat to smallest unit, innovation services and engineering providers also work with clients to develop both the revenue and monetization models.