Global Engineering Services Outsourcing Market 2016-2020

  • ID: 3985338
  • Report
  • Region: Global
  • 64 pages
  • TechNavio
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FEATURED COMPANIES

  • Aricent
  • GlobalLogic
  • Infosys
  • Mindtree
  • Symphony Teleca
  • TCS
  • MORE
About Engineering Services Outsourcing

Engineering services have been outsourced in recent years on a large scale. However, this time, it is not only to reduce costs but also to bring about innovation in product development. Engineering services are different from other functional outsourcing services due to the nature of complexities involved in various phases of the product development process. Innovation is the key to staying competitive in the marketplace. It is needed for organizations operating in industry verticals such as automotive. The technology landscape in several industry verticals is changing at a rapid pace, which has replaced the legacy system.

The analysts forecast the global engineering services outsourcing market to grow at a CAGR of 25.68% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global engineering services outsourcing market for 2016-2020. To calculate the market size, the report considers the revenue generated from the subscription of ESO services.

The market is divided into the following segments based on geography:

- Americas
- APAC
- EMEA

The report, Global Engineering Services Outsourcing Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- HCL Technologies
- Infosys
- TCS
- Tech Mahindra
- Wipro

Other prominent vendors
- Luxoft
- Cyient
- Tata Elxsi
- QuEST Global
- Symphony Teleca
- Aricent
- Mindtree
- Tech Mahindra
- GlobalLogic
- Xchanging

Market drivers
- Need to support industrial 4.0 revolution
- For a full, detailed list, view the full report

Market challenges
- Issues pertaining to IP ownership
- For a full, detailed list, view the full report

Market trends
- Emergence of artificial intelligence and machine learning
- For a full, detailed list, view the full report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.
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FEATURED COMPANIES

  • Aricent
  • GlobalLogic
  • Infosys
  • Mindtree
  • Symphony Teleca
  • TCS
  • MORE
Part 01: Executive summary
  • Highlights
Part 02: Scope of the report
  • Market overview
  • Countries covered
  • Top-vendor offerings
Part 03: Market research methodology
  • Research methodology
  • Economic indicators
Part 04: Introduction
  • Key market highlights
Part 05: Market landscape
  • Market overview
  • Five forces analysis
Part 06: Market segmentation by services

Part 07: Market segmentation by end-user
  • Global ESO market by end-user
Part 08: Market segmentation by outsource destinations
  • Market segmentation by outsource destinations
Part 09: Geographical segmentation
  • Global ESO market by geography
  • Americas
  • EMEA
  • APAC
Part 10: Market drivers
  • Need to support industrial 4.0 revolution
  • Increase in automation
  • Cost reduction and efficiency
  • Accelerates time to market
Part 11: Impact of drivers

Part 12: Market challenges
  • Issues pertaining to IP ownership
  • Lack of control over product development
  • Ineffective management of product development life cycle
Part 13: Impact of drivers and challenges

Part 14: Market trends
  • Emergence of artificial intelligence and machine learning
  • Evolution of industrial IoT
  • Increasing adoption of software-defined framework
  • Rise in engineering analytics
  • Growing trend of engaging clients with consulting services
  • Nearshoring and growing captive operations in emerging countries
Part 15: Vendor landscape
  • Competitive scenario
  • Other prominent vendors
Part 16: Key vendor profile
  • HCL Technologies
  • Infosys
  • TCS
  • Tech Mahindra
  • Wipro
Part 17: Appendix
  • List of abbreviations
Part 18: About the Author

List of Exhibits

Exhibit 01: Countries covered for market analysis
Exhibit 02: Service offerings
Exhibit 03: Evolution of ESO Solutions
Exhibit 04: Global ESO market 2016-2020 ($ billions)
Exhibit 05: Five forces analysis
Exhibit 06: Global ESO Market by services 2015
Exhibit 07: Global ESO Market by end-user 2015
Exhibit 08: Global ESO market by outsourced destinations 2015
Exhibit 09: Global ESO market by geography 2015
Exhibit 10: Impact of drivers
Exhibit 11: Impact of drivers and challenges
Exhibit 12: EA value chain
Exhibit 13: Competitive factors among vendors
Exhibit 14: Other prominent vendors
Exhibit 15: Recent developments
Exhibit 16: Recent developments
Exhibit 17: Recent developments
Exhibit 18: Recent developments
Exhibit 19: Wipro: Business segmentation
Exhibit 20: Recent developments
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FEATURED COMPANIES

  • Aricent
  • GlobalLogic
  • Infosys
  • Mindtree
  • Symphony Teleca
  • TCS
  • MORE
New Report Released: - Global Engineering Services Outsourcing Market 2016-2020

The author of the report recognizes the following companies as the key players in the global engineering services outsourcing market: HCL Technologies, Infosys, TCS, Tech Mahindra, and Wipro.

Other Prominent Vendors in the market are: Luxoft, Cyient, Tata Elxsi, QuEST Global, Symphony Teleca, Aricent, Mindtree, Tech Mahindra, GlobalLogic, and Xchanging.

Commenting on the report, an analyst from the research team said: “Automation in engineering services has triggered the usage of AI technology. AI-powered engineering solutions help to resolve various stages of design and development of engineering products. Automation in engineering services helps an organization to reduce cost by 35%-45%. Leading vendors in the market have invested in the development of engineering services powered by AI technologies.”

According to the report, advanced IT solutions such as AI and machine learning are driven by automation in the various stages of product engineering phases. The traditional IT services are not capable of making innovative products to improve performance. The need to replace legacy automation systems with new highly efficient automation solutions for process improvements is one of the primary drivers in the market.

Further, the report states that protecting IP is one of the major challenges confronting the global ESO market. Outsourcing engineering tasks to other countries raises IP concerns, given the risks associated with theft, or misuse of trade secrets or loss of IP rights. ESOs just work on the products of their customers, and they do not own them. Any innovation that emerges as a result of the work carried out belongs to the third-party service provider. Therefore, the enterprises that outsource their engineering services to third-party vendors always have concerns for IP loss as the service providers serve multiple customers that can be competitors.

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 vendors.
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  • HCL Technologies
  • Infosys
  • TCS
  • Tech Mahindra
  • Wipro
  • Luxoft
  • Cyient
  • Tata Elxsi
  • QuEST Global
  • Symphony Teleca
  • Aricent
  • Mindtree
  • Tech Mahindra
  • GlobalLogic
  • Xchanging
Note: Product cover images may vary from those shown
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The methodology is available for download below.
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