Global Engineering Services Outsourcing (ESO) Markets, 2020-2027; Cumulatively Rising At A CAGR Of 29.2%.

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Global Engineering Services Outsourcing (ESO) Markets, 2020-2027; Cumulatively Rising At A CAGR Of 29.2%

DUBLIN, March 13, 2020 /PRNewswire/ -- The "Engineering Services Outsourcing Market Size, Share & Trends Analysis Report by Service (Designing, Prototyping, System Integration, Testing), by Location, by Application, by Region, and Segment Forecasts, 2020 - 2027" report has been added to ResearchAndMarkets.Com's offering.

The global engineering services outsourcing market size is expected to reach USD 2.47 trillion by 2027, registering an estimated CAGR of 29.2% from 2020 to 2027.

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Multiple attributes of the outsourced service offerings including low costs, application of information technology in varied industries, and globalization of R&D and engineering are anticipated to fuel the growth.

Over the last decade, the engineering services outsourcing (ESO) industry has evolved abruptly, wherein the engineering service providers (ESPs) traditionally provided solutions required by the original equipment manufacturers (OEMs) at each of product lifecycle ranging from conceptualization to aftermarket support services.

With the advent of technology advancements, ESPs are now leveraging analytics, automation and IT related services-largely been used in product design and development-in their portfolios to cater the expectations of their customers. Furthermore, the proliferation of wireless communications, distributed computing, big-data capabilities, and sensor technologies are rapidly transforming the technology landscape.

The emergence of fundamental technologies, such as, blockchain, digital reality, virtual reality (VR), augmented reality (AR), internet of things (IoT), and cognitive technologies is expected to harness innovation, maintaining operational integrity of the businesses. These technologies have surfaced to be a critical factor in digital transformation services, modernizing the core systems of the OEMs and thereby increasing the potential of ESO at a global scale. As a result, the global engineering centers (GECs) are now investing heavily in R&D for broadening the scope of their service offerings to their customers.

Further key findings from the study suggest:

  • The automotive segment accounted for over 20% of the total revenue share of the market in 2019.
  • The designing segment is anticipated to witness the fastest growth over the next eight years with an anticipated CAGR of 31.3% between 2020 and 2027 owing to the rising demand for latest technologies for product designing and visual designing to enhance the end-user experience.
  • Asia-Pacific ESO market accounted for the largest revenue share in 2019 and is anticipated to continue dominating the overall market over the forecast period.
  • The key players in engineering services outsourcing market are Wipro Limited, Infosys Limited, Tech Mahindra Limited, Tata Consultancy Services Limited, HCL Technologies Limited, Alten GmbH, Infosys Ltd., and Altran Technologies S.A.
  • Key Topics Covered

    Chapter 1 Methodology and Scope

    Chapter 2 Executive Summary

    Chapter 3 Market Variables, Trends & Scope3.1 Market Introduction3.2 Industry Value Chain Analysis3.3 Market Dynamics3.3.1 Market Driver Analysis3.3.2 Market Restraint/Challenges Analysis3.3.3 Industry Opportunities3.4 Penetration & Growth Prospect Mapping3.5 Business Environment Analysis Tools3.5.1 Porter's Five Forces Analysis3.5.2 PEST Analysis

    Chapter 4 Services Estimates and Trend Analysis4.1 Market Size Estimates & Forecasts and Trend Analysis, 2016 - 2027 (USD Billion)4.2 Services Movement Analysis & Market Share, 2019 & 20274.3 Designing4.4 Prototyping4.5 System Integration4.6 Testing4.7 Others

    Chapter 5 Location Estimates and Trend Analysis5.1 Market Size Estimates & Forecasts and Trend Analysis, 2016 - 2027 (USD Billion)5.2 Location Movement Analysis & Market Share, 2019 & 20275.3 Onshore5.4 Offshore

    Chapter 6 Application Estimates and Trend Analysis6.1 Market Size Estimates & Forecasts and Trend Analysis, 2016 - 2027 (USD Billion)6.2 Application Movement Analysis & Market Share, 2019 & 20276.3 Aerospace6.4 Automotive6.5 Construction6.6 Consumer electronics6.7 Semiconductors6.8 Pharmaceuticals6.9 Telecom6.10 Others

    Chapter 7 Regional Estimates & Trend Analysis7.1 ESO market by region, 2019 & 20277.2 Regional Movement Analysis & Market Share, 2019 & 20277.3 North America7.4 Europe7.5 Asia-Pacific7.6 Latin America7.7 Middle East & Africa (MEA)

    Chapter 8 Competitive Analysis8.1 Key Global Players, Recent Developments & Their Impact on the Industry8.2 Key Company/Competition Categorization (Key Innovators, Market Leaders, Emerging Players)8.3 Key Company Ranking Analysis, 2019

    Chapter 9 Competitive Landscape9.1 Alten GmbH9.2 Altair Engineering, Inc.9.3 Altran Technologies S.A.9.4 ASAP Holding GmbH9.5 AVL List GmbH9.6 Akka Technologies9.7 Bertrandt9.8 EDAG Engineering GmbH9.9 ESG Elektroniksystem- Und Logistik-GmbH9.10 FEV Group9.11 Horiba Ltd.9.12 IAV GmbH9.13 ITK Engineering GmbH9.14 Kistler Instrumente AG9.15 M Plan GmbH9.16 P+Z Engineering GmbH9.17 P3 Automotive GmbH9.18 RLE International Inc.9.19 Cybage Software Pvt. Ltd9.20 Cyient (Infotech Enterprises Ltd.)9.21 EPAM Systems Inc.9.22 GlobalLogic Inc.9.23 Hcl Technologies9.24 Infosys Ltd.9.25 KPIT Technologies Limited (KPIT)9.26 Luxoft9.27 Mindtree Ltd.9.28 Mindfire Solutions9.29 Pactera Technology International Limited (Pactera)9.30 Quest Global Services Pte. Ltd.9.31 Sonata Software9.32 Tata Elxsi Limited9.33 Tata Consultancy Services Limited9.34 Tech Mahindra Limited9.35 Wipro Limited

    For more information about this report visit https://www.Researchandmarkets.Com/r/rbqyvq

    Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

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    Research and MarketsLaura Wood, Senior [email protected]

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