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Engineering Services Outsourcing (ESO) Market Booming Worldwide Opportunity, Upcoming Trends and Transformation, Growth Forecast 2020-2027 | HCL Technologies,Infosys Ltd.,Tata Consultancy Services,Tech Mahindra,Wipro Ltd.,Altair Engineering, Inc.,Alten Gm

Engineering Services Outsourcing (ESO) Industry

Engineering Services Outsourcing (ESO) Industry

The "Global Engineering Services Outsourcing (ESO) Market: 2020" Industry Report is a professional and in-depth study on the current state of the Engineering Services Outsourcing (ESO) Market by Polaris Market Research. The Engineering Services Outsourcing (ESO) market is supposed to demonstrate a considerable growth during the forecast period of 2019 - 2026. The company profiles of all the key players and brands that are dominating the market have been given in this report. Their moves like product launches, joint ventures, mergers and acquisitions and the respective effect on the sales, import, export, revenue and CAGR values have been studied completely in the report. The scope of this Engineering Services Outsourcing (ESO) market report can be expanded from market scenarios to comparative pricing between major players. The emerging trends along with major drivers, challenges and opportunities in the market are also identified and analysed in this report.

The global engineering services outsourcing (ESO) market size was estimated to be at 402.4 billion in 2018 and is anticipated to grow at a CAGR of 21.0% from 2019 to 2026 according to a new report published by Polaris Market Research. The report "Engineering Services Outsourcing Market Size, Share, Trends & Industry Analysis Report By Location Outlook (Onsite, Offshore); By Application Outlook (Automotive, Energy, Network & Communications, Industrial Automation, Medical Technology, Industrial Electronics and Automated Embedded Engineering Services, Consumer Electronics, Semiconductors, Construction, Aerospace); By Regions; Segment Forecast, 2019 - 2026" provides insights on the current market scenario and the future trends in this market.

Access insightful study with over 100+ pages, list of tables & figures, profiling 10+ companies. Ask for Sample Copy @ https://www.polarismarketresearch.com/industry-analysis/engineering-services-outsourcing-market/request-for-sample

The key players profiled in this report include:

o HCL Technologies
o Infosys Ltd.
o Tata Consultancy Services
o Tech Mahindra
o Wipro Ltd.
o Altair Engineering, Inc.
o Alten GmbH
o Altran Technologies S.A
o Aricent Group
o ASAP Holding GmbH
o Bertrandt
o EDAG Engineering GmbH
o EPAM Systems Inc.
o Cybage Software Pvt. Ltd.
o FEV Group
o IAV GmbH
o Infosys Limited
o Kistler Instrumente AG

Regions included:

o North America (United States, Canada, and Mexico)
o Europe (Germany, France, UK, Russia, and Italy)
o Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
o South America (Brazil, Argentina, Colombia)
o Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

Type Segmentation:

o Onshore
o Offshore

Industry Segmentation

o Aerospace
o Automotive
o Construction
o Consumer Electronics
o Semiconductor
o Pharmaceutical
o Telecom
o Others

Get Offer on Report: https://www.polarismarketresearch.com/industry-analysis/engineering-services-outsourcing-market/request-for-discount-pricing

The major factors which are driving this market is the access to low cost highly skilled resources which can work towards complex tasks of not only designing and testing but also on validation, simulation and execution. Companies are moving from business process outsourcing to knowledge process outsourcing and major industry verticals such as automotive, consumer electronics, semiconductors, aerospace and telecom are providing huge opportunities to the consulting companies.

The traction of offshore outsourcing can be seen owing to the low cost and added capabilities from the service providers. There are pureplay ESO service providers which are not only providing basic services but also, they are jointly investing with the companies to expand their businesses in growing markets and geographies. Companies are also focusing on ESO services to expand their market reach along with faster turnaround times from these providers. These are some of the major advantages for the companies to outsource their services.

The engineering services outsourcing market has been evolved from outsourcing of simple low-cost engineering services to capacity augmentation. These days companies are focusing more on reduced timelines, increased productivity and quality of outsourcing services. Countries such as India, China are the biggest market for ESO providers. Growing number of engineering professionals every year coupled with low cost of service have pushed the market for ESO in this region.

Companies in North America and Europe are considered to spend more on these services however, Asia Pacific is the largest market for the ESO service providers. Countries such as India and China have pushed the market for ESO and are estimated to continue the trend over the forecast period. ESO applications in the automotive, telecom, consumer electronics and aerospace segments is considered to have large market share in 2018.

There has been an increase in adoption in the offshore services as compared to onsite service due to low costs and highly skilled professionals on the offshore locations. The offshore outsourcing type would grow at a higher rate during the forecast period as compared to its counterpart. The major restrains this market is facing is the intellectual property theft specifically during the offshore outsourcing. This is the major problem faced by many companies, which eventually generates a loss for these companies. However due to strict laws and changing regulations, this challenge is expected to overcome during the forecast period.

Else place an Inquire before Purchase "Global Engineering Services Outsourcing (ESO) Market Size, Status and Forecast 2026: https://www.polarismarketresearch.com/industry-analysis/engineering-services-outsourcing-market/inquire-before-buying

About Us

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world

Contact Us:

Mr. Likhil
Corporate Sales
Polaris Market Research
Phone: 1-646-568-9980
Email: sales@polarismarketresearch.com
Web: https://www.polarismarketresearch.com/

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