Engineering Services Outsourcing Market in APAC 2016-2020
- Published: Mar 2016
- Pages: 71
- SKU: IRTNTR8330
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This market research report includes a detailed segmentation of the engineering services outsourcing (ESO) market in APAC by end-users (automotive, telecom, consumer electronic appliances, construction, semiconductors, pharma, OEMs, and others). The key vendors analyzed in this report include HCL, IBM, Infosys, and Wipro.
Market outlook of the ESO market in APAC
Technavio’s research analyst predicts the engineering services outsourcing (ESO) market in APAC to grow at a CAGR of close to 11% during the forecast period. With globalization, a number of companies are expanding their global reach by foraying into different regions with less mature markets. Market trends strongly indicate that customers in developing regions such as India and China would increase their expectation on the localization of products to meet their requirements accurately. Especially, in industries such as healthcare, consumers expect products designed according to local conditions. This need for product localization is driving the demand for ESO in these regions.
Despite the steadily growing market, protecting IP remains a major challenge for vendors in the market. Outsourcing-associated risks include theft, misuse of trade secrets, or loss of IP rights. ESO solution providers act as an interface between companies and clients. They play a significant role in shaping the future of engineering services by providing value-based services in addition to cost-effectiveness.
Segmentation by end users and analysis of the ESO market in APAC
- Consumer electronic appliances
In 2015, the consumer electronics segment was the fastest growing industry catering to services provided by ESO vendors. Production of most consumer electronics devices requires engineering services at some point. ESO solutions include embedded software development, design and implementation, development and testing, system level architecture, and product development services.
Competitive landscape and key vendors
While competing at the global level, companies across different industry verticals seek cost-effective solutions to increase their profit margins. Over the next four years, many global enterprises in this region will look to improve their capabilities by collaborating with IT services firms that specialize in engineering design. ESO vendors, particularly in India and China, are expected to align their current capabilities with new and advanced technologies to leverage this market opportunity.
The leading vendors in the market are -
Other prominent vendors in the market include KPIT, Altran, Aricent Group, Atos Origin, Beyondsoft, Capgemini, Clasoft Labs India, Computer Sciences Corporation, Cybage Software, GlobalLogic, HP, iGate, L&T ,MindTree, Mindfire Solutions, QuEST Global Services, Sonata Software, Symphony, Tech Mahindra, Tata ELXSI, and Vanceinfo Technologies.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the ESO market in APAC?
- What are the key market trends impacting the growth of the ESO market in APAC?
- 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 vendors in the ESO market in APAC?
- What are the key outcomes of the five forces analysis of the ESO market in APAC?
Technavio also offers customization on reports based on specific client requirement.
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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