- Published: March 2011
- Region: Global
Global Engineering Services Outsourcing Market 2010-2014
- Published: February 2012
- Region: Global
- 30 pages
- Infiniti Research Limited
TechNavio’s analysts forecast the Global Engineering Service Outsourcing market to grow at a CAGR of 26.1 percent over the period 2010–2014. One of the key factors contributing to this market growth is that it enables considerable reduction in cost and time. The Global ESO market has also been witnessing consolidation of the Outsourcing market. However, training and retention of workforce could pose a challenge to the growth of this market.
TechNavio’s report, the Global Engineering Services Outsourcing Market 2010–2014, has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global ESO market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors dominating this market space include Computer Sciences Corp., HCL, Infosys Ltd., and KPIT Cummins Infosystems Ltd.
Key questions answered in this report:
What will the market size be in 2014 and at what rate will it grow?
What key trends is this market subject to?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the opportunities and threats faced by each of these key vendors?
What are the strengths and weaknesses of each of these key vendors?
Significant Cost Saving Continuing to Drive Engineering Outsourcing Market
TechNavio today published its report Global Engineering Service Outsourcing Market 2010–2014. The report discusses key trends impacting the growth of this market.
TechNavio’s report highlights that product development cost can be significantly reduced by a well-defined engineering outsourcing initiative. A cost benefit of 30–35 percent, compared with that obtained using an onsite contractor or maintaining an in-house team, can be obtained. The most preferred outsourcing destinations such as India and China provide 24/7 services to their clients, which leads to reduction in development time by almost 25–30 percent, thus helping firms to make a significant reduction in product development cost and time.
Commenting on the report, an analyst from TechNavio’s IT Services team said, “For some years now, India has been the number one choice for the great majority of global engineering service companies. China, as a favorable outsourcing destination, is also on the rise. Through these destinations, the global firms get access to low-cost services and local talents. They offer precise domain knowledge and expertise. Companies from India and China are already responding to the increasing demand of the ESO market by development of domestic infrastructure and liberalizing government policies.”
Key findings from the report:
- Increasing Attrition Rates
- Emerging Economies Drive ESO Growth
- Consolidation of Outsourcing Market
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
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01. Executive Summary
03. Market Coverage
04. Market Landscape
05. Vendor Landscape
06. Buying Criteria
07. Market Growth Drivers
08. Drivers and their Impact
09. Market Challenges
10. Market Trends
11. Key Vendor Analysis
11.1 Computer Science Corp.
11.3 Infosys Ltd.
11.4 KPIT Cummins
12. Other Reports in this Series
List of Exhibits:
Exhibit 1: Global Engineering Service Outsourcing Market 2010–2014 (US$ billions)
Exhibit 2: Global Engineering Service Outsourcing Market by Geographical Segmentation 2010
Exhibit 3: Global Engineering Service Outsourcing Market by End-user Segmentation 2010
Exhibit 4: Global Engineering Services Market by Vendor Segmentation 2010
- Computer Science Corp.
- Infosys Ltd.
- KPIT Cummins