The Engineering Services Outsourcing Market is expected to be around US$ 1,771.34 Billion by 2027 at a CAGR of 31.91% in the given forecast period.
Engineering services outsourcing delivers mechanical, technical, and software application support during formation, life cycle management, product designing, product innovation, plant set-up and many more. The original equipment producers and independent software vendors together has leveraged engineering services outsourcing primarily to decrease overall operation cost by droppinglabours and R&D expenditure.Growingrequirement to decrease overall operational cost expenditure among many industries is a major factor supporting growth of the global market. Engineering outsourcing help to decrease time to market and helps project execution this support manufacturers to gain high profit and accelerate their product development process. Moreover, increasingrequirement for capacity augmentation in many industries is expected to support development of the target market during the forecast period.Growingrequirement for effective outsourcing strategies to enhance business model among several organizations is expected to boost the development of the global engineering services outsourcing market. The outsourcing for software or mechanical product development delivers features such as, coding, prototyping, performance testing, integration testing, value analysis, and design, this is expected to support development of target market.
The global Engineering Services Outsourcing market is segregated on the basis of Service Outlook as Designing, Prototyping, System Integration, Testing, and Others. Based on Location Outlook the global Engineering Services Outsourcing market is segmented in Onshore and Offshore. Based on Application Outlook the global Engineering Services Outsourcing market is segmented in Aerospace, Automotive, Industrial, Consumer Electronics, Semiconductors, Healthcare, Telecom, and Others.
The global Engineering Services Outsourcing market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Engineering Services Outsourcing market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Rivalry
Infosys Limited, Tata Consultancy Services Limited, Amazon Web Services (AWS), Microsoft Azure., EPAM Systems Inc., HCL Technologies Limited., Infosys Ltd., QuEST Global Services Pte. Ltd., Sonata Software Limited., Tata Consultancy Services Limited., Tech Mahindra Limited (Mahindra Group), Wipro Limited., and others are among the major players in the global Engineering Services Outsourcing market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The Engineering Services Outsourcing Market has been segmented as below:
Engineering Services Outsourcing Market, By Service Outlook
Engineering Services Outsourcing Market, By Location Outlook
Engineering Services Outsourcing Market, By Application Outlook
Engineering Services Outsourcing Market, By Region
Engineering Services Outsourcing Market, By Company
The report covers:
Report Scope:
The global Engineering Services Outsourcing market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Engineering Services Outsourcing market share. Major industry players with significant revenue share include Infosys Limited, Tata Consultancy Services Limited, Amazon Web Services (AWS), Microsoft Azure., EPAM Systems Inc., HCL Technologies Limited., Infosys Ltd., QuEST Global Services Pte. Ltd., Sonata Software Limited., Tata Consultancy Services Limited., Tech Mahindra Limited (Mahindra Group), Wipro Limited., and others.
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1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Research Methodology
2.2.1. Market Research Process
2.2.2. Research Methodology
2.2.2.1. Secondary Research
2.2.2.2. Primary Research
2.2.2.3. Models for Estimation
2.3. Market Size Estimation
2.3.1. Bottom-Up Approach
2.3.2. Top-Down Approach
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Challenges
5. Engineering Services Outsourcing Market, By Service Outlook
5.1. Key Points
5.2. Designing
5.3. Prototyping
5.4. System Integration
5.5. Testing
5.6. Others
6. Engineering Services Outsourcing Market, By Location Outlook
6.1. Key Points
6.2. Offshore
6.3. Application B3
7. Engineering Services Outsourcing Market, By Application Outlook
7.1. Key Points
7.2. Aerospace
7.3. Automotive
7.4. Industrial
7.5. Consumer Electronics
7.6. Semiconductors
7.7. Healthcare
7.8. Telecom
7.9. Others
8. Competitive Landscape
8.1. Introduction
8.2. Recent Developments
8.2.1. Mergers & Acquisitions
8.2.2. New Product Developments
8.2.3. Portfolio/Production Capacity Expansions
8.2.4. Joint Ventures, Collaborations, Partnerships & Agreements
8.2.5. Others
9. Company Profiles
9.1 Infosys Limited
9.1.1 Company Overview
9.1.2 Product/Service Landscape
9.1.3 Financial Overview
9.1.4 Recent Developments
9.2 Tata Consultancy Services Limited
9.2.1 Company Overview
9.2.2 Product/Service Landscape
9.2.3 Financial Overview
9.2.4 Recent Developments
9.3 Amazon Web Services (AWS)
9.3.1 Company Overview
9.3.2 Product/Service Landscape
9.3.3 Financial Overview
9.3.4 Recent Developments
9.4 Microsoft Azure.
9.4.1 Company Overview
9.4.2 Product/Service Landscape
9.4.3 Financial Overview
9.4.4 Recent Developments
9.5 EPAM Systems Inc.
9.5.1 Company Overview
9.5.2 Product/Service Landscape
9.5.3 Financial Overview
9.5.4 Recent Developments
9.6 HCL Technologies Limited.
9.6.1 Company Overview
9.6.2 Product/Service Landscape
9.6.3 Financial Overview
9.6.4 Recent Developments
9.7 QuEST Global Services Pte. Ltd.
9.7.1 Company Overview
9.7.2 Product/Service Landscape
9.7.3 Financial Overview
9.7.4 Recent Developments
9.8 Sonata Software Limited.
9.8.1 Company Overview
9.8.2 Product/Service Landscape
9.8.3 Financial Overview
9.8.4 Recent Developments
9.9 Tech Mahindra Limited (Mahindra Group).
9.9.1 Company Overview
9.9.2 Product/Service Landscape
9.9.3 Financial Overview
9.9.4 Recent Developments
9.10 Wipro Limited.
9.10.1 Company Overview
9.10.2 Product/Service Landscape
9.10.3 Financial Overview
9.10.4 Recent Developments
The Engineering Services Outsourcing Market has been segmented as below:
Engineering Services Outsourcing Market, By Service Outlook
Engineering Services Outsourcing Market, By Location Outlook
Engineering Services Outsourcing Market, By Application Outlook
Engineering Services Outsourcing Market, By Region
Engineering Services Outsourcing Market, By Company
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