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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.Speak directly to the analyst to clarify any post sales queries you may have.
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
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 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
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Sourcing
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
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.
