Engineering Services Outsourcing Market 2018 -2026 | Focuses on Top Companies, Methodology, Key Players, Trends, Opportunities and Regions
According to a new report published by Polaris Market Research the Engineering Services Outsourcing Market is anticipated to reach more than USD 1.96 trillion by 2026 and is expected to grow at a CAGR of 33.9% during the forecast period.
The major factors which are driving Engineering Services Outsourcing 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. Engineering Services Outsourcing applications in the automotive, telecom, consumer electronics and aerospace segments is considered to have large market share in 2017.
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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 Engineering Services Outsourcing providers. Growing number of engineering professionals every year coupled with low cost of service have pushed the market for ESO in this region.
Major players profiled in Engineering Services Outsourcing Market study include: -
- HCL Technologies Limited
- IAV GmbH
- P+Z Engineering GmbH
- Tata Consulting Services Limited
- Wipro Limited
- EDAG Engineering GmbH
- ASAP Holdings GmbH
- FEV Group
- Cybage software
- Kistler Instruments AG
- Infosys Ltd
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There are pureplay Engineering Services Outsourcing 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 these 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.
Countries such as India and China have pushed the Engineering Services Outsourcing Market and are estimated to continue the trend over the forecast period. 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. However due to strict laws and changing regulations, this challenge is expected to overcome during the forecast period.
TOC of Engineering Services Outsourcing Market:
Chapter 1. Overview and Scope
Chapter 2. Executive Summary
Chapter 3. Engineering Services Outsourcing Market Insights
Chapter 4. Size and Forecast
Chapter 5. Dynamics and Segmentation
Chapter 6. Detailed Insight on Company Profiles
TOC Continued…...!!!!
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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. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.
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on Monday November 12 2018, 5:48 AM EST.
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