Future Trends in Engineering Services Outsourcing Market by 2025 HCL Technologies, Infosys Ltd., Tata Consultancy Services, Tech Mahindra, Wipro Ltd., Altair Engineering, Inc., Alten GmbH, Altran Technologies S.A, Aricent Group, ASAP Holding GmbH, Bertran

The global Engineering Services Outsourcing (ESO) market size was estimated at USD 145.26 billion in 2016. Cost reduction pressure on Original Equipment Manufacturers (OEMs), rising level of technical complexity across applications requiring high-level competency, increasing tie-ups between OEMs and ESO providers, and shorter product life cycles have been driving ES

A key factor driving the growth of the market is cost savings from lower labor wages. The expansion of the global economy has resulted in labor arbitrage, which focuses on the transference of business processes to less-expensive locations. Organizations gain advantage from labor arbitrage through the maintenance of lean workforce and spending less on employee hiring and retention.

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Competitive Insights: HCL Technologies, Infosys Ltd., Tata Consultancy Services, Tech Mahindra, and Wipro Ltd. are some of the major global ESO providers. The companies operate a wide range of business activities spanning the various stages of a product lifecycle and usually provide end-to-end product solutions.

From an insight perspective, this research report has concentrated on different levels of analyses, industry analyses, market share of prevalent players, and organization profiles, which together comprise and discuss about the essential perspectives on the competitive scenario, developing and high-growth segments of the Global Engineering Services Outsourcing Market, high-growth regions, countries, and their separate administrative policies, government activities, drivers, restrictions, and opportunities.

Key highlights of the global engineering services outsourcing market for the forecast years 2019-2025:

CAGR of the market during the forecast period 2019-2025

Detailed information on factors that will accelerate the growth of the engineering services outsourcing market during the next five years

Precise estimation of the global engineering services outsourcing market size and its contribution to the parent market

Accurate predictions on upcoming trends and changes in consumer behavior

Growth of the engineering services outsourcing industry across various geographies such as the Americas, APAC, and EMEA

A thorough analysis of the market’s competitive landscape and detailed information on several vendors

Comprehensive information about factors that will challenge the growth of engineering services outsourcing companies

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