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Engineering Service Outsourcing Market in India 2011-2014
Infiniti Research Limited, February 2012, Pages: 24
TechNavio’s analysts forecast the Engineering Service Outsourcing market in India to grow at a CAGR of 35.5 percent over the period 2011–2014. One of the key factors contributing to this market growth is India evolving as a key center for ESO. The ESO market in India has also been witnessing increasing investment in offshoring activities. However, competition from other upcoming outsourcing destinations could pose a challenge to the growth of this market.
TechNavio’s report, Engineering Service Outsourcing Market 2011-2014, has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report focuses only on India. It also covers the ESO market in the India 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 TCS Ltd., Infosys Ltd., HCL, and Tata Technologies 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?
TechNavio Announces the Publication of its Report - Engineering Service Outsourcing Market in India 2011-2014
TechNavio today launched its report Engineering Service Outsourcing Market in India 2011-2014 based on an in-depth study. The report aims to aid decision makers’ understand of the present and the future landscape of Engineering Service Outsourcing market in India.
Commenting on the report, an analyst from TechNavio’s IT Services team said, “The Manufacturing sector in the West is facing difficult times and is looking for an economical cost structure as a survival strategy. With the existing crisis in the Manufacturing sector globally, manufacturers are gravitating toward India in a search for inexpensive development and design solutions. India is also a recognized emerging innovation location with a flexible talent pool and cost advantages. Earlier, global firms were reluctant to hand this process over to an outsourcing partner. However, attitudes are changing because India has managed to understand the process severity, has established result-oriented governance models, and has a large proportion of English-speaking working population.”
According to the report, most companies in India have invested heavily in technology to develop advanced capabilities and skill sets. India, with its natural competitive advantage, is likely to play a major role in various segments of the ESO market, which is on a course of rapid growth. The major sectors that spend heavily on outsourcing engineering services are Automotive, Telecom, and Construction.
The report also discusses that one of the most crucial challenges for the growth of Engineering Service Outsourcing market in India is developing the requisite talent for ESO.
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.
01. Executive Summary
03. Market Coverage
04. Market Landscape
05. Vendor Landscape
06. Market Growth Drivers
07. Market Challenges
08. Market Trends
09. Key Vendor Analysis
09.1 Tata Consultancy Services Ltd.
09.2 Infosys Ltd.
09.4 Tata Technologies Ltd.
10. Other Reports in this Series
List of Exhibits:
Exhibit 1: Engineering Service Outsourcing Market in India 2010–2014 (US$ billions)
Exhibit 2: Engineering Service Outsourcing Market in India by Vendor Segmentation 2010
- Tata Consultancy Services Ltd.
- Infosys Ltd.
- Tata Technologies Ltd.