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Engineering Services Outsourcing Market 2024-2028

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    Report

  • 195 Pages
  • September 2024
  • Region: Global
  • TechNavio
  • ID: 4894579
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The engineering services outsourcing market is forecasted to grow by USD 378.1 billion during 2023-2028, accelerating at a CAGR of 25.74% during the forecast period. The report on the engineering services outsourcing market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by cost savings from lower labor wages, reduced time to market and improved access to emerging markets, and growing focus on core competencies/lack of in-house expertise.

The engineering services outsourcing market is segmented as below:

By End-user

  • Automotive
  • Consumer electronics
  • Telecom
  • Semiconductor
  • Others

By Sourcing

  • Offshore
  • Onshore

By Geographical Landscape

  • North America
  • APAC
  • Europe
  • South America
  • Middle East and Africa
This study identifies the collaborative co-innovation partnership with outsourcing firms as one of the prime reasons driving the engineering services outsourcing market growth during the next few years. Also, increasing digital transformation in organizations and growing adoption of artificial intelligence will lead to sizable demand in the market.

The report on the engineering services outsourcing market covers the following areas:

  • Engineering services outsourcing market sizing
  • Engineering services outsourcing market forecast
  • Engineering services outsourcing market industry analysis
The vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading engineering services outsourcing market vendors that include Altair Engineering Inc., Alten SA, Capgemini Service SAS, Cyient Ltd., Deaton Engineering Inc., EPAM Systems Inc., FEV Consulting GmbH, Flatworld Solutions Inc., HCL Technologies Ltd., Hitachi Ltd., Honeywell International Inc., Infosys Ltd., Leedeo Engineering S.L., Mahindra and Mahindra Ltd., Quest Services Pte. Ltd., Siemens AG, Sonata Software Ltd., SSA Business Solutions India, Tata Consultancy Services Ltd., and Wipro Ltd. Also, the engineering services outsourcing market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
  • Executive Summary - Chart on Market Overview
  • Executive Summary - Data Table on Market Overview
  • Executive Summary - Chart on Global Market Characteristics
  • Executive Summary - Chart on Market By Geographical Landscape
  • Executive Summary - Chart on Market Segmentation by End-user
  • Executive Summary - Chart on Market Segmentation by Sourcing
  • Executive Summary - Chart on Incremental Growth
  • Executive Summary - Data Table on Incremental Growth
  • Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
  • Parent Market
  • Data Table on - Parent Market
2.2 Market characteristics
  • Market characteristics analysis
2.3 Value chain analysis
  • Value Chain Analysis
3 Market Sizing
3.1 Market definition
  • Offerings of companies included in the market definition
3.2 Market segment analysis
  • Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
  • Chart on Global - Market size and forecast 2023-2028 ($ billion)
  • Data Table on Global - Market size and forecast 2023-2028 ($ billion)
  • Chart on Global Market: Year-over-year growth 2023-2028 (%)
  • Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Engineering Services Outsourcing Market 2018 - 2022
  • Historic Market Size - Data Table on Global Engineering Services Outsourcing Market 2018 - 2022 ($ billion)
4.2 End-user segment analysis 2018 - 2022
  • Historic Market Size - End-user Segment 2018 - 2022 ($ billion)
4.3 Sourcing segment analysis 2018 - 2022
  • Historic Market Size - Sourcing Segment 2018 - 2022 ($ billion)
4.4 Geography segment analysis 2018 - 2022
  • Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
4.5 Country segment analysis 2018 - 2022
  • Historic Market Size - Country Segment 2018 - 2022 ($ billion)
5 Five Forces Analysis
5.1 Five forces summary
  • Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
  • Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
  • Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
  • Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
  • Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
  • Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
  • Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by End-user
6.1 Market segments
  • Chart on End-user - Market share 2023-2028 (%)
  • Data Table on End-user - Market share 2023-2028 (%)
6.2 Comparison by End-user
  • Chart on Comparison by End-user
  • Data Table on Comparison by End-user
6.3 Automotive - Market size and forecast 2023-2028
  • Chart on Automotive - Market size and forecast 2023-2028 ($ billion)
  • Data Table on Automotive - Market size and forecast 2023-2028 ($ billion)
  • Chart on Automotive - Year-over-year growth 2023-2028 (%)
  • Data Table on Automotive - Year-over-year growth 2023-2028 (%)
6.4 Consumer electronics - Market size and forecast 2023-2028
  • Chart on Consumer electronics - Market size and forecast 2023-2028 ($ billion)
  • Data Table on Consumer electronics - Market size and forecast 2023-2028 ($ billion)
  • Chart on Consumer electronics - Year-over-year growth 2023-2028 (%)
  • Data Table on Consumer electronics - Year-over-year growth 2023-2028 (%)
6.5 Telecom - Market size and forecast 2023-2028
  • Chart on Telecom - Market size and forecast 2023-2028 ($ billion)
  • Data Table on Telecom - Market size and forecast 2023-2028 ($ billion)
  • Chart on Telecom - Year-over-year growth 2023-2028 (%)
  • Data Table on Telecom - Year-over-year growth 2023-2028 (%)
6.6 Semiconductor - Market size and forecast 2023-2028
  • Chart on Semiconductor - Market size and forecast 2023-2028 ($ billion)
  • Data Table on Semiconductor - Market size and forecast 2023-2028 ($ billion)
  • Chart on Semiconductor - Year-over-year growth 2023-2028 (%)
  • Data Table on Semiconductor - Year-over-year growth 2023-2028 (%)
6.7 Others - Market size and forecast 2023-2028
  • Chart on Others - Market size and forecast 2023-2028 ($ billion)
  • Data Table on Others - Market size and forecast 2023-2028 ($ billion)
  • Chart on Others - Year-over-year growth 2023-2028 (%)
  • Data Table on Others - Year-over-year growth 2023-2028 (%)
6.8 Market opportunity by End-user
  • Market opportunity by End-user ($ billion)
  • Data Table on Market opportunity by End-user ($ billion)
7 Market Segmentation by Sourcing
7.1 Market segments
  • Chart on Sourcing - Market share 2023-2028 (%)
  • Data Table on Sourcing - Market share 2023-2028 (%)
7.2 Comparison by Sourcing
  • Chart on Comparison by Sourcing
  • Data Table on Comparison by Sourcing
7.3 Offshore - Market size and forecast 2023-2028
  • Chart on Offshore - Market size and forecast 2023-2028 ($ billion)
  • Data Table on Offshore - Market size and forecast 2023-2028 ($ billion)
  • Chart on Offshore - Year-over-year growth 2023-2028 (%)
  • Data Table on Offshore - Year-over-year growth 2023-2028 (%)
7.4 Onshore - Market size and forecast 2023-2028
  • Chart on Onshore - Market size and forecast 2023-2028 ($ billion)
  • Data Table on Onshore - Market size and forecast 2023-2028 ($ billion)
  • Chart on Onshore - Year-over-year growth 2023-2028 (%)
  • Data Table on Onshore - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Sourcing
  • Market opportunity by Sourcing ($ billion)
  • Data Table on Market opportunity by Sourcing ($ billion)
8 Customer Landscape
8.1 Customer landscape overview
  • Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
  • Chart on Market share By Geographical Landscape 2023-2028 (%)
  • Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
  • Chart on Geographic comparison
  • Data Table on Geographic comparison
9.3 North America - Market size and forecast 2023-2028
  • Chart on North America - Market size and forecast 2023-2028 ($ billion)
  • Data Table on North America - Market size and forecast 2023-2028 ($ billion)
  • Chart on North America - Year-over-year growth 2023-2028 (%)
  • Data Table on North America - Year-over-year growth 2023-2028 (%)
9.4 APAC - Market size and forecast 2023-2028
  • Chart on APAC - Market size and forecast 2023-2028 ($ billion)
  • Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
  • Chart on APAC - Year-over-year growth 2023-2028 (%)
  • Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.5 Europe - Market size and forecast 2023-2028
  • Chart on Europe - Market size and forecast 2023-2028 ($ billion)
  • Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
  • Chart on Europe - Year-over-year growth 2023-2028 (%)
  • Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
  • Chart on South America - Market size and forecast 2023-2028 ($ billion)
  • Data Table on South America - Market size and forecast 2023-2028 ($ billion)
  • Chart on South America - Year-over-year growth 2023-2028 (%)
  • Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
  • Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
  • Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
  • Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
  • Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
  • Chart on US - Market size and forecast 2023-2028 ($ billion)
  • Data Table on US - Market size and forecast 2023-2028 ($ billion)
  • Chart on US - Year-over-year growth 2023-2028 (%)
  • Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 China - Market size and forecast 2023-2028
  • Chart on China - Market size and forecast 2023-2028 ($ billion)
  • Data Table on China - Market size and forecast 2023-2028 ($ billion)
  • Chart on China - Year-over-year growth 2023-2028 (%)
  • Data Table on China - Year-over-year growth 2023-2028 (%)
9.10 Germany - Market size and forecast 2023-2028
  • Chart on Germany - Market size and forecast 2023-2028 ($ billion)
  • Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
  • Chart on Germany - Year-over-year growth 2023-2028 (%)
  • Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.11 India - Market size and forecast 2023-2028
  • Chart on India - Market size and forecast 2023-2028 ($ billion)
  • Data Table on India - Market size and forecast 2023-2028 ($ billion)
  • Chart on India - Year-over-year growth 2023-2028 (%)
  • Data Table on India - Year-over-year growth 2023-2028 (%)
9.12 Poland - Market size and forecast 2023-2028
  • Chart on Poland - Market size and forecast 2023-2028 ($ billion)
  • Data Table on Poland - Market size and forecast 2023-2028 ($ billion)
  • Chart on Poland - Year-over-year growth 2023-2028 (%)
  • Data Table on Poland - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
  • Market opportunity By Geographical Landscape ($ billion)
  • Data Tables on Market opportunity By Geographical Landscape ($ billion)
10 Drivers, Challenges, and Opportunity/Restraints
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
  • Impact of drivers and challenges in 2023 and 2028
10.4 Market opportunities/restraints
11 Competitive Landscape
11.1 Overview
11.2 Competitive Landscape
  • Overview on criticality of inputs and factors of differentiation
11.3 Landscape disruption
  • Overview on factors of disruption
11.4 Industry risks
  • Impact of key risks on business
12 Competitive Analysis
12.1 Companies profiled
  • Companies covered
12.2 Market positioning of companies
  • Matrix on companies position and classification
12.3 Altair Engineering Inc.
  • Altair Engineering Inc. - Overview
  • Altair Engineering Inc. - Business segments
  • Altair Engineering Inc. - Key news
  • Altair Engineering Inc. - Key offerings
  • Altair Engineering Inc. - Segment focus
12.4 Alten SA
  • Alten SA - Overview
  • Alten SA - Product / Service
  • Alten SA - Key news
  • Alten SA - Key offerings
12.5 Capgemini Service SAS
  • Capgemini Service SAS - Overview
  • Capgemini Service SAS - Business segments
  • Capgemini Service SAS - Key news
  • Capgemini Service SAS - Key offerings
  • Capgemini Service SAS - Segment focus
12.6 Cyient Ltd.
  • Cyient Ltd. - Overview
  • Cyient Ltd. - Business segments
  • Cyient Ltd. - Key offerings
  • Cyient Ltd. - Segment focus
12.7 Deaton Engineering Inc.
  • Deaton Engineering Inc. - Overview
  • Deaton Engineering Inc. - Product / Service
  • Deaton Engineering Inc. - Key offerings
12.8 EPAM Systems Inc.
  • EPAM Systems Inc. - Overview
  • EPAM Systems Inc. - Business segments
  • EPAM Systems Inc. - Key offerings
  • EPAM Systems Inc. - Segment focus
12.9 HCL Technologies Ltd.
  • HCL Technologies Ltd. - Overview
  • HCL Technologies Ltd. - Business segments
  • HCL Technologies Ltd. - Key news
  • HCL Technologies Ltd. - Key offerings
  • HCL Technologies Ltd. - Segment focus
12.10 Hitachi Ltd.
  • Hitachi Ltd. - Overview
  • Hitachi Ltd. - Business segments
  • Hitachi Ltd. - Key news
  • Hitachi Ltd. - Key offerings
  • Hitachi Ltd. - Segment focus
12.11 Honeywell International Inc.
  • Honeywell International Inc. - Overview
  • Honeywell International Inc. - Business segments
  • Honeywell International Inc. - Key news
  • Honeywell International Inc. - Key offerings
  • Honeywell International Inc. - Segment focus
12.12 Infosys Ltd.
  • Infosys Ltd. - Overview
  • Infosys Ltd. - Business segments
  • Infosys Ltd. - Key news
  • Infosys Ltd. - Key offerings
  • Infosys Ltd. - Segment focus
12.13 Mahindra and Mahindra Ltd.
  • Mahindra and Mahindra Ltd. - Overview
  • Mahindra and Mahindra Ltd. - Business segments
  • Mahindra and Mahindra Ltd. - Key news
  • Mahindra and Mahindra Ltd. - Key offerings
  • Mahindra and Mahindra Ltd. - Segment focus
12.14 Siemens AG
  • Siemens AG - Overview
  • Siemens AG - Business segments
  • Siemens AG - Key news
  • Siemens AG - Key offerings
  • Siemens AG - Segment focus
12.15 Sonata Software Ltd.
  • Sonata Software Ltd. - Overview
  • Sonata Software Ltd. - Business segments
  • Sonata Software Ltd. - Key news
  • Sonata Software Ltd. - Key offerings
  • Sonata Software Ltd. - Segment focus
12.16 Tata Consultancy Services Ltd.
  • Tata Consultancy Services Ltd. - Overview
  • Tata Consultancy Services Ltd. - Business segments
  • Tata Consultancy Services Ltd. - Key news
  • Tata Consultancy Services Ltd. - Key offerings
  • Tata Consultancy Services Ltd. - Segment focus
12.17 Wipro Ltd.
  • Wipro Ltd. - Overview
  • Wipro Ltd. - Business segments
  • Wipro Ltd. - Key news
  • Wipro Ltd. - Key offerings
  • Wipro Ltd. - Segment focus
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
  • Inclusions checklist
  • Exclusions checklist
13.3 Currency conversion rates for US$
  • Currency conversion rates for US$
13.4 Research methodology
  • Research methodology
13.5 Data procurement
  • Information sources
13.6 Data validation
  • Data validation
13.7 Validation techniques employed for market sizing
  • Validation techniques employed for market sizing
13.8 Data synthesis
  • Data synthesis
13.9 360 degree market analysis
  • 360 degree market analysis
13.10 List of abbreviations
  • List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Global Market Characteristics
Exhibits 4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits 5: Executive Summary - Chart on Market Segmentation by End-user
Exhibits 6: Executive Summary - Chart on Market Segmentation by Sourcing
Exhibits 7: Executive Summary - Chart on Incremental Growth
Exhibits 8: Executive Summary - Data Table on Incremental Growth
Exhibits 9: Executive Summary - Chart on Company Market Positioning
Exhibits 10: Parent Market
Exhibits 11: Data Table on - Parent Market
Exhibits 12: Market characteristics analysis
Exhibits 13: Value Chain Analysis
Exhibits 14: Offerings of companies included in the market definition
Exhibits 15: Market segments
Exhibits 16: Chart on Global - Market size and forecast 2023-2028 ($ billion)
Exhibits 17: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Exhibits 18: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibits 19: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
Exhibits 20: Historic Market Size - Data Table on Global Engineering Services Outsourcing Market 2018 - 2022 ($ billion)
Exhibits 21: Historic Market Size - End-user Segment 2018 - 2022 ($ billion)
Exhibits 22: Historic Market Size - Sourcing Segment 2018 - 2022 ($ billion)
Exhibits 23: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
Exhibits 24: Historic Market Size - Country Segment 2018 - 2022 ($ billion)
Exhibits 25: Five forces analysis - Comparison between 2023 and 2028
Exhibits 26: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits 27: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits 28: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits 29: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits 30: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits 31: Chart on Market condition - Five forces 2023 and 2028
Exhibits 32: Chart on End-user - Market share 2023-2028 (%)
Exhibits 33: Data Table on End-user - Market share 2023-2028 (%)
Exhibits 34: Chart on Comparison by End-user
Exhibits 35: Data Table on Comparison by End-user
Exhibits 36: Chart on Automotive - Market size and forecast 2023-2028 ($ billion)
Exhibits 37: Data Table on Automotive - Market size and forecast 2023-2028 ($ billion)
Exhibits 38: Chart on Automotive - Year-over-year growth 2023-2028 (%)
Exhibits 39: Data Table on Automotive - Year-over-year growth 2023-2028 (%)
Exhibits 40: Chart on Consumer electronics - Market size and forecast 2023-2028 ($ billion)
Exhibits 41: Data Table on Consumer electronics - Market size and forecast 2023-2028 ($ billion)
Exhibits 42: Chart on Consumer electronics - Year-over-year growth 2023-2028 (%)
Exhibits 43: Data Table on Consumer electronics - Year-over-year growth 2023-2028 (%)
Exhibits 44: Chart on Telecom - Market size and forecast 2023-2028 ($ billion)
Exhibits 45: Data Table on Telecom - Market size and forecast 2023-2028 ($ billion)
Exhibits 46: Chart on Telecom - Year-over-year growth 2023-2028 (%)
Exhibits 47: Data Table on Telecom - Year-over-year growth 2023-2028 (%)
Exhibits 48: Chart on Semiconductor - Market size and forecast 2023-2028 ($ billion)
Exhibits 49: Data Table on Semiconductor - Market size and forecast 2023-2028 ($ billion)
Exhibits 50: Chart on Semiconductor - Year-over-year growth 2023-2028 (%)
Exhibits 51: Data Table on Semiconductor - Year-over-year growth 2023-2028 (%)
Exhibits 52: Chart on Others - Market size and forecast 2023-2028 ($ billion)
Exhibits 53: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
Exhibits 54: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibits 55: Data Table on Others - Year-over-year growth 2023-2028 (%)
Exhibits 56: Market opportunity by End-user ($ billion)
Exhibits 57: Data Table on Market opportunity by End-user ($ billion)
Exhibits 58: Chart on Sourcing - Market share 2023-2028 (%)
Exhibits 59: Data Table on Sourcing - Market share 2023-2028 (%)
Exhibits 60: Chart on Comparison by Sourcing
Exhibits 61: Data Table on Comparison by Sourcing
Exhibits 62: Chart on Offshore - Market size and forecast 2023-2028 ($ billion)
Exhibits 63: Data Table on Offshore - Market size and forecast 2023-2028 ($ billion)
Exhibits 64: Chart on Offshore - Year-over-year growth 2023-2028 (%)
Exhibits 65: Data Table on Offshore - Year-over-year growth 2023-2028 (%)
Exhibits 66: Chart on Onshore - Market size and forecast 2023-2028 ($ billion)
Exhibits 67: Data Table on Onshore - Market size and forecast 2023-2028 ($ billion)
Exhibits 68: Chart on Onshore - Year-over-year growth 2023-2028 (%)
Exhibits 69: Data Table on Onshore - Year-over-year growth 2023-2028 (%)
Exhibits 70: Market opportunity by Sourcing ($ billion)
Exhibits 71: Data Table on Market opportunity by Sourcing ($ billion)
Exhibits 72: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 73: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibits 74: Data Table on Market share By Geographical Landscape 2023-2028 (%)
Exhibits 75: Chart on Geographic comparison
Exhibits 76: Data Table on Geographic comparison
Exhibits 77: Chart on North America - Market size and forecast 2023-2028 ($ billion)
Exhibits 78: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Exhibits 79: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibits 80: Data Table on North America - Year-over-year growth 2023-2028 (%)
Exhibits 81: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibits 82: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibits 83: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibits 84: Data Table on APAC - Year-over-year growth 2023-2028 (%)
Exhibits 85: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibits 86: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibits 87: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibits 88: Data Table on Europe - Year-over-year growth 2023-2028 (%)
Exhibits 89: Chart on South America - Market size and forecast 2023-2028 ($ billion)
Exhibits 90: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
Exhibits 91: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibits 92: Data Table on South America - Year-over-year growth 2023-2028 (%)
Exhibits 93: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibits 94: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibits 95: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibits 96: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibits 97: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibits 98: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibits 99: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibits 100: Data Table on US - Year-over-year growth 2023-2028 (%)
Exhibits 101: Chart on China - Market size and forecast 2023-2028 ($ billion)
Exhibits 102: Data Table on China - Market size and forecast 2023-2028 ($ billion)
Exhibits 103: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibits 104: Data Table on China - Year-over-year growth 2023-2028 (%)
Exhibits 105: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibits 106: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibits 107: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibits 108: Data Table on Germany - Year-over-year growth 2023-2028 (%)
Exhibits 109: Chart on India - Market size and forecast 2023-2028 ($ billion)
Exhibits 110: Data Table on India - Market size and forecast 2023-2028 ($ billion)
Exhibits 111: Chart on India - Year-over-year growth 2023-2028 (%)
Exhibits 112: Data Table on India - Year-over-year growth 2023-2028 (%)
Exhibits 113: Chart on Poland - Market size and forecast 2023-2028 ($ billion)
Exhibits 114: Data Table on Poland - Market size and forecast 2023-2028 ($ billion)
Exhibits 115: Chart on Poland - Year-over-year growth 2023-2028 (%)
Exhibits 116: Data Table on Poland - Year-over-year growth 2023-2028 (%)
Exhibits 117: Market opportunity By Geographical Landscape ($ billion)
Exhibits 118: Data Tables on Market opportunity By Geographical Landscape ($ billion)
Exhibits 119: Impact of drivers and challenges in 2023 and 2028
Exhibits 120: Overview on criticality of inputs and factors of differentiation
Exhibits 121: Overview on factors of disruption
Exhibits 122: Impact of key risks on business
Exhibits 123: Companies covered
Exhibits 124: Matrix on companies position and classification
Exhibits 125: Altair Engineering Inc. - Overview
Exhibits 126: Altair Engineering Inc. - Business segments
Exhibits 127: Altair Engineering Inc. - Key news
Exhibits 128: Altair Engineering Inc. - Key offerings
Exhibits 129: Altair Engineering Inc. - Segment focus
Exhibits 130: Alten SA - Overview
Exhibits 131: Alten SA - Product / Service
Exhibits 132: Alten SA - Key news
Exhibits 133: Alten SA - Key offerings
Exhibits 134: Capgemini Service SAS - Overview
Exhibits 135: Capgemini Service SAS - Business segments
Exhibits 136: Capgemini Service SAS - Key news
Exhibits 137: Capgemini Service SAS - Key offerings
Exhibits 138: Capgemini Service SAS - Segment focus
Exhibits 139: Cyient Ltd. - Overview
Exhibits 140: Cyient Ltd. - Business segments
Exhibits 141: Cyient Ltd. - Key offerings
Exhibits 142: Cyient Ltd. - Segment focus
Exhibits 143: Deaton Engineering Inc. - Overview
Exhibits 144: Deaton Engineering Inc. - Product / Service
Exhibits 145: Deaton Engineering Inc. - Key offerings
Exhibits 146: EPAM Systems Inc. - Overview
Exhibits 147: EPAM Systems Inc. - Business segments
Exhibits 148: EPAM Systems Inc. - Key offerings
Exhibits 149: EPAM Systems Inc. - Segment focus
Exhibits 150: HCL Technologies Ltd. - Overview
Exhibits 151: HCL Technologies Ltd. - Business segments
Exhibits 152: HCL Technologies Ltd. - Key news
Exhibits 153: HCL Technologies Ltd. - Key offerings
Exhibits 154: HCL Technologies Ltd. - Segment focus
Exhibits 155: Hitachi Ltd. - Overview
Exhibits 156: Hitachi Ltd. - Business segments
Exhibits 157: Hitachi Ltd. - Key news
Exhibits 158: Hitachi Ltd. - Key offerings
Exhibits 159: Hitachi Ltd. - Segment focus
Exhibits 160: Honeywell International Inc. - Overview
Exhibits 161: Honeywell International Inc. - Business segments
Exhibits 162: Honeywell International Inc. - Key news
Exhibits 163: Honeywell International Inc. - Key offerings
Exhibits 164: Honeywell International Inc. - Segment focus
Exhibits 165: Infosys Ltd. - Overview
Exhibits 166: Infosys Ltd. - Business segments
Exhibits 167: Infosys Ltd. - Key news
Exhibits 168: Infosys Ltd. - Key offerings
Exhibits 169: Infosys Ltd. - Segment focus
Exhibits 170: Mahindra and Mahindra Ltd. - Overview
Exhibits 171: Mahindra and Mahindra Ltd. - Business segments
Exhibits 172: Mahindra and Mahindra Ltd. - Key news
Exhibits 173: Mahindra and Mahindra Ltd. - Key offerings
Exhibits 174: Mahindra and Mahindra Ltd. - Segment focus
Exhibits 175: Siemens AG - Overview
Exhibits 176: Siemens AG - Business segments
Exhibits 177: Siemens AG - Key news
Exhibits 178: Siemens AG - Key offerings
Exhibits 179: Siemens AG - Segment focus
Exhibits 180: Sonata Software Ltd. - Overview
Exhibits 181: Sonata Software Ltd. - Business segments
Exhibits 182: Sonata Software Ltd. - Key news
Exhibits 183: Sonata Software Ltd. - Key offerings
Exhibits 184: Sonata Software Ltd. - Segment focus
Exhibits 185: Tata Consultancy Services Ltd. - Overview
Exhibits 186: Tata Consultancy Services Ltd. - Business segments
Exhibits 187: Tata Consultancy Services Ltd. - Key news
Exhibits 188: Tata Consultancy Services Ltd. - Key offerings
Exhibits 189: Tata Consultancy Services Ltd. - Segment focus
Exhibits 190: Wipro Ltd. - Overview
Exhibits 191: Wipro Ltd. - Business segments
Exhibits 192: Wipro Ltd. - Key news
Exhibits 193: Wipro Ltd. - Key offerings
Exhibits 194: Wipro Ltd. - Segment focus
Exhibits 195: Inclusions checklist
Exhibits 196: Exclusions checklist
Exhibits 197: Currency conversion rates for US$
Exhibits 198: Research methodology
Exhibits 199: Information sources
Exhibits 200: Data validation
Exhibits 201: Validation techniques employed for market sizing
Exhibits 202: Data synthesis
Exhibits 203: 360 degree market analysis
Exhibits 204: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the global engineering services outsourcing market: Altair Engineering Inc., Alten SA, Capgemini Service SAS, Cyient Ltd., Deaton Engineering Inc., EPAM Systems Inc., FEV Consulting GmbH, Flatworld Solutions Inc., HCL Technologies Ltd., Hitachi Ltd., Honeywell International Inc., Infosys Ltd., Leedeo Engineering S.L., Mahindra and Mahindra Ltd., Quest Global Services Pte. Ltd., Siemens AG, Sonata Software Ltd., SSA Business Solutions India, Tata Consultancy Services Ltd., and Wipro Ltd..

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is collaborative co-innovation partnership with outsourcing firms."

According to the report, one of the major drivers for this market is the cost savings from lower labor wages.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Altair Engineering Inc.
  • Alten SA
  • Capgemini Service SAS
  • Cyient Ltd.
  • Deaton Engineering Inc.
  • EPAM Systems Inc.
  • FEV Consulting GmbH
  • Flatworld Solutions Inc.
  • HCL Technologies Ltd.
  • Hitachi Ltd.
  • Honeywell International Inc.
  • Infosys Ltd.
  • Leedeo Engineering S.L.
  • Mahindra and Mahindra Ltd.
  • Quest Global Services Pte. Ltd.
  • Siemens AG
  • Sonata Software Ltd.
  • SSA Business Solutions India
  • Tata Consultancy Services Ltd.
  • Wipro Ltd.