Press release
Engineering Services Outsourcing Market Outlook 2020 – Competitive Landscape, Market Shares, Trends and Strategies
ReportsWeb
By introducing products faster than competitors, enterprises can gain huge benefits in terms of pricing and brand recognition. This will induce organizations to outsource their engineering requirements to reduce the product development time and accelerate time to market. For instance, due to budget constraints and the availability of limited workforce, software development firms often find it difficult to reduce the time required to develop products. This will induce them to outsource the process to product engineering solutions providers who can handle the complex designing and product development processes. Publisher's analysts forecast the global engineering services outsourcing market to grow at a CAGR of 25.68% during the period 2016-2020.
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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
Complete Report is Available at http://www.reportsweb.com/global-engineering-services-outsourcing-market-2016-2020
Market Driver:
-Issues pertaining to IP ownership
-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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