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The Engineering Services Outsourcing Market size was estimated at USD 1.63 trillion in 2023, USD 1.88 trillion in 2024, and is expected to grow at a CAGR of 15.52% to reach USD 4.50 trillion by 2030. Speak directly to the analyst to clarify any post sales queries you may have.
Engineering services outsourcing (ESO) is a business practice where companies subcontract various engineering functions and tasks to external service providers. These service providers, often in different geographic regions or countries, offer engineering services and expertise to support a company's design, development, and engineering processes. ESO is particularly prevalent in industries where engineering is crucial, such as aerospace, automotive, electronics, and manufacturing. The heightened need for cost-effective and efficient operations, increased demand for product innovation and development, rapid technological advancements, and the evolving global regulatory landscape drive market growth. However, communication gaps and the complexities of managing offshore engagements pose challenging factors impacting market growth. The rise of Industry 4.0, emphasizing automation, machine learning, and data exchange, offers possibilities for ESO providers to establish niche areas of expertise and accelerate digital transformation to outsource more of their engineering needs, thus broadening the market scope for ESO.
Regional Insights
The Americas has a significant landscape in engineering services outsourcing (ESO) owing to increased demand for precision engineering services underpinned by advancements in the aerospace and defense sectors. The increasing focus on automation, the advent of Industry 4.0 trends, the surge in green energy projects, propelling the need for specialized engineering services in this sector, and high R&D spending and government incentives significantly fueled the market demand. In the European Union (EU) countries, the automotive industry plays a pivotal role, driving the need for engineering services outsourcing as the demand for electric vehicles has mainly sparked innovative designs requiring specialized engineering skills, which further enhanced the market landscape in the region. Asia Pacific nations showcase developing landscapes due to the constant need for high-quality engineering services across various sectors, prominently manufacturing and electronics. Countries sustain a continuous demand for engineering services due to technological advancement and significant investments in research.FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Engineering Services Outsourcing Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Engineering Services Outsourcing Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.Key Company Profiles
The report delves into recent significant developments in the Engineering Services Outsourcing Market, highlighting leading vendors and their innovative profiles. These include Accenture plc, AFRY AB, Airbus SE, Akkodis Group AG, Alten Group, Barton Malow Holdings LLC, Bechtel Corporation, Brasfield & Gorrie, LLC, Capgemini Engineering, Detroit Engineered Products, Entelect Software (Pty) Ltd., EPAM Systems, Inc., Globallogic Inc., HCL Technologies Limited, Infosys Limited, International Business Machines Corporation, Kiewit Corporation, KPIT Technologies Limited, New York Engineers, Quest Global Services Pte. Ltd., RLE International Inc., Strabag SE, Tata Consultancy Services Limited, Tech Mahindra Limited, Wipro Limited, and WPG Consulting LLC.Market Segmentation & Coverage
This research report categorizes the Engineering Services Outsourcing Market to forecast the revenues and analyze trends in each of the following sub-markets:- Service
- Designing
- Prototyping
- System Integration
- Testing
- Location
- Off-Shore
- On-Shore
- Application
- Aerospace
- Automotive
- Consumer Electronics
- Healthcare
- Industrial
- Semiconductors
- Telecom
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects:
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
- What is the market size and forecast of the Engineering Services Outsourcing Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Engineering Services Outsourcing Market?
- What are the technology trends and regulatory frameworks in the Engineering Services Outsourcing Market?
- What is the market share of the leading vendors in the Engineering Services Outsourcing Market?
- Which modes and strategic moves are suitable for entering the Engineering Services Outsourcing Market?
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Table of Contents
1. Preface
2. Research Methodology
4. Market Overview
5. Market Insights
6. Engineering Services Outsourcing Market, by Service
7. Engineering Services Outsourcing Market, by Location
8. Engineering Services Outsourcing Market, by Application
9. Americas Engineering Services Outsourcing Market
10. Asia-Pacific Engineering Services Outsourcing Market
11. Europe, Middle East & Africa Engineering Services Outsourcing Market
12. Competitive Landscape
13. Competitive Portfolio
14. Appendix
List of Figures
List of Tables
Companies Mentioned
- Accenture plc
- AFRY AB
- Airbus SE
- Akkodis Group AG
- Alten Group
- Barton Malow Holdings LLC
- Bechtel Corporation
- Brasfield & Gorrie, LLC
- Capgemini Engineering
- Detroit Engineered Products
- Entelect Software (Pty) Ltd.
- EPAM Systems, Inc.
- Globallogic Inc.
- HCL Technologies Limited
- Infosys Limited
- International Business Machines Corporation
- Kiewit Corporation
- KPIT Technologies Limited
- New York Engineers
- Quest Global Services Pte. Ltd.
- RLE International Inc.
- Strabag SE
- Tata Consultancy Services Limited
- Tech Mahindra Limited
- Wipro Limited
- WPG Consulting LLC
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 183 |
| Published | March 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 1.88 trillion |
| Forecasted Market Value ( USD | $ 4.5 trillion |
| Compound Annual Growth Rate | 15.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 26 |
