Press release
Engineering Services Outsourcing 2017 Global Market Expected to Grow at CAGR 25.68% and Forecast to 2020
Engineering Services Outsourcing Market
The analysts forecast the global engineering services outsourcing market to grow at a CAGR of 25.68% during the period 2016-2020.
Engineering services have been outsourced in recent years on a large scale. However, this time, it is not only to reduce costs but also to bring about innovation in product development. Engineering services are different from other functional outsourcing services due to the nature of complexities involved in various phases of the product development process. Innovation is the key to staying competitive in the marketplace. It is needed for organizations operating in industry verticals such as automotive. The technology landscape in several industry verticals is changing at a rapid pace, which has replaced the legacy system.
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Covered in this report
The report covers the present scenario and the growth prospects of the global engineering services outsourcing market for 2016-2020. To calculate the market size, the report considers the revenue generated from the subscription of ESO services.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
The report, Global Engineering Services Outsourcing Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• HCL Technologies
• Infosys
• TCS
• Tech Mahindra
• Wipro
Other prominent vendors
• Luxoft
• Cyient
• Tata Elxsi
• QuEST Global
• Symphony Teleca
• Aricent
• Mindtree
• Tech Mahindra
• GlobalLogic
• Xchanging
Market driver
• Need to support industrial 4.0 revolution
• For a full, detailed list, view our report
Market challenge
• Issues pertaining to IP ownership
• For a full, detailed list, view our report
Market trend
• Emergence of artificial intelligence and machine learning
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
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Table Of Contents – Major Key Points
PART 01: Executive summary
• Highlights
PART 02: Scope of the report
• Market overview
• Countries covered
• Top-vendor offerings
PART 03: Market research methodology
• Research methodology
• Economic indicators
PART 04: Introduction
• Key market highlights
PART 05: Market landscape
• Market overview
• Five forces analysis
PART 06: Market segmentation by services
PART 07: Market segmentation by end-user
• Global ESO market by end-user
PART 08: Market segmentation by outsource destinations
• Market segmentation by outsource destinations
PART 09: Geographical segmentation
• Global ESO market by geography
• Americas
• EMEA
• APAC
PART 10: Market drivers
• Need to support industrial 4.0 revolution
• Increase in automation
• Cost reduction and efficiency
• Accelerates time to market
PART 11: Impact of drivers
PART 12: Market challenges
• Issues pertaining to IP ownership
• Lack of control over product development
• Ineffective management of product development life cycle
PART 13: Impact of drivers and challenges
PART 14: Market trends
• Emergence of artificial intelligence and machine learning
• Evolution of industrial IoT
• Increasing adoption of software-defined framework
• Rise in engineering analytics
• Growing trend of engaging clients with consulting services
• Nearshoring and growing captive operations in emerging countries
PART 15: Vendor landscape
• Competitive scenario
• Other prominent vendors
PART 16: Key vendor profile
• HCL Technologies
• Infosys
• TCS
• Tech Mahindra
• Wipro
Continue…….
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