Engineering Services Outsourcing - Global Strategic Business Report

The global market for Engineering Services Outsourcing is estimated at US$1.5 Trillion in 2023 and is projected to reach US$4.4 Trillion by 2030, growing at a CAGR of 17.0% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the engineering services outsourcing market is driven by several factors, including the increasing complexity of technology, cost pressures faced by businesses, and the need for rapid adaptability in the competitive market. Technological advancements, particularly in digital transformation and automation, necessitate specialized skills that are often more feasible to access through outsourcing than internal development. Economic factors such as cost optimization and access to a global talent pool also play crucial roles in this trend. Companies are keen to capitalize on the strategic advantages offered by outsourcing to mitigate risks associated with the rapidly changing technology landscape. Furthermore, changing consumer expectations demand faster innovation cycles, which outsourcing can help achieve by providing scalable resources and specialized expertise. These dynamics ensure that ESO remains a vital strategy for companies looking to maintain a competitive edge in their respective markets

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Testing Services segment, which is expected to reach US$1.5 Trillion by 2030 with a CAGR of a 17.8%. The Designing Services segment is also set to grow at 18.8% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $278.8 Billion in 2023, and China, forecasted to grow at an impressive 22.1% CAGR to reach $607.8 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Engineering Services Outsourcing Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Engineering Services Outsourcing Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Engineering Services Outsourcing Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as GlobalLogic, Inc., Altair Engineering, Inc., Edison Welding Institute, Inc., and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 55 Featured):

• GlobalLogic, Inc.
• Altair Engineering, Inc.
• Edison Welding Institute, Inc.
• L&T Technology Services Ltd.
• EPAM Systems, Inc.
• Flatworld Solutions Pvt., Ltd.
• DXC Luxoft
• HARMAN Connected Services
• PM Group
• Alten SA
• Cybage Software Pvt. Ltd.
• Cyient Ltd.
• Backoffice Pro
• Capgemini Engineering (France)
• Kevin Technologies Pvt Ltd