Market Insight : Engineering Services Outsourcing (ESO) Market in India Grow at a CAGR of 30% by Revenue During the Forecast Period 2016-2019
About ESOESO refers to the outsourcing of specific engineering services. Engineering services are the core business activities of industries such as automotive and aerospace. However, due to lack of expertise and increased pressure to reduce costs, companies have started outsourcing their engineering services requirements. The need for quick delivery of products and services because of shorter product lifecycle has prompted the need for ESO. In addition, the inherent benefit of cost advantage remains a key criterion for businesses outsourcing their engineering services.
TechNavio's analysts forecast the ESO market in India to grow at a CAGR of 30 percent over the period 2014-2019.
Covered :
TechNavio's report, ESO Market in India 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the market landscape and its growth prospects in the coming years. The report also includes the profiles of key vendors operating in this market.
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Key vendors
HCL Technologies
Infosys
Tata Consultancy Services
Wipro
Other prominent vendors
Altran
Aricent Group
Atos Origin
Auriga
Capgemini
Clasoft Labs India
Computer Sciences Corporation
Cybage Software
Dell
GlobalLogic
HP
IBM
iGate
Infotech
KPIT Cummins Infosystems
L&T IES
Mahindra Satyam
Mindfire Solutions
MindTree
QuEST Global Services
Sonata Software
Symphony
Tata ELXSI
Key driver
Short time-to-market
For a full, detailed list, view our report
Key challenge
Lack of control over product development
For a full, detailed list, view our report
Key trend
Nearshoring
For a full, detailed list, view our report
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