Engineering Services Outsourcing Market by End-user, Sourcing, and Geography - Forecast and Analysis 2023-2027

Published: May 2023

Pages: 184

SKU: IRTNTR40539

Snapshot

The engineering services outsourcing market size is estimated to grow at a CAGR of 18.75% between 2022 and 2027. The market size is forecast to increase by USD 203.04 million. The growth of the market depends on several factors, including cost savings from lower labor wages, reduced time to market and improved access to emerging markets, and the growing focus on core competencies/lack of in-house expertise.

This engineering services outsourcing market report extensively covers market segmentation by end-user (automotive, consumer electronics, telecom, semiconductor, and others), sourcing (offshore and onshore), and geography (North America, APAC, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the Size of the Engineering Services Outsourcing Market During the Forecast Period?

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Engineering Services Outsourcing Market: Key Drivers, Trends, Challenges, and Customer Landscape

Cost savings from lower labor wages is notably driving the market growth, although factors such as the risk of intellectual property theft and misuse may impede the growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Engineering Services Outsourcing Market Driver

Cost savings from lower labor wages is notably driving the global engineering services outsourcing (ESO) market growth. The expansion of the global economy has resulted in worker arbitrage focused on moving business processes to cheaper locations. Businesses benefit from labor arbitrage because they can maintain a lean workforce and spend less on hiring and retaining employees. Organizations with labor shortages also make use of outsourced engineering services, which provide easy and direct access to talent and advanced technology from other countries. Outsourcing also allows companies to scale their operations based on their needs and operational requirements.

Engineering services are mainly outsourced by companies and organizations in developed or developed countries where labor costs are very high. For example, the average hourly wage of a software developer in the US is more than 12 times his average hourly wage in India. Other countries with high labor costs include Denmark, France, Germany, and the United Kingdom. As a result, companies in these countries often choose to outsource their engineering work to low-wage countries such as India, Malaysia, Thailand, and Bulgaria. Therefore, cost reductions due to declining labor wages are expected to drive the growth of the global ESO market during the forecast period.

Significant Engineering Services Outsourcing Market Trends

Increasing digital transformation in organizations is the key trend influencing the engineering services outsourcing (ESO) market growth. Digital transformation of an organization is the adoption of digital technologies and modern innovations to accelerate business activities and processes and realize the strategic and operational benefits of these technologies. The new digital age in the global engineering outsourcing business is rapidly changing market behavior. This requires digital IT solutions that can quickly adapt to business needs. Outsourcing service providers recognize the benefits of using digital technology to improve business performance and provide superior service to their customers.

Digital transformation is not limited to any particular industry. Therefore, it affects all industries, regardless of product or service offering. Companies that have introduced digital technology are bringing about major changes in their business performance and business models. This will support the growth of the markets we are focusing on. For example, in India, many IT service providers are supporting the digital transformation of global enterprises. Therefore, the digital transformation of organizations is expected to drive the growth of the global engineering services outsourcing market during the forecast period.

Major Engineering Services Outsourcing Market Challenge

The risk of intellectual property theft and misuse may impede the growth of the engineering services outsourcing (ESO) market. The risk of intellectual property (IP) theft is a key challenge facing the global engineering services outsourcing market. Most organizations keep their R&D activities private and have strict confidentiality policies and procedures when sharing or outsourcing activities. This helps prevent theft or leakage of key product designs and solutions. The risk of proprietary designs and information being stolen will discourage many companies from outsourcing work related to technical design and product development to other companies or countries.

Another factor that further complicates the protection of intellectual property is the different laws and regulations between the client company's home country and the service provider's location or agency. In such cases, intellectual property rights (IPR) infringement can be difficult to prove, and perpetrators often go unpunished, especially in countries with weak intellectual property laws. Techniques used in intellectual property infringement cases include forced technology transfer, corporate espionage, and outright data theft through hacking. Such loss of intellectual property and resulting competitive advantage is of great importance to customer companies and discourages them from outsourcing engineering services, thereby challenging the Engineering Services Outsourcing (ESO) Market growth.

Key Engineering Services Outsourcing Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Engineering Services Outsourcing Market Customer Landscape

Who are the Major Engineering Services Outsourcing Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Altair Engineering Inc.: The company offers engineering services outsourcing which helps in predictive simulation, optimizing performance, and saving time.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Engineering Services Outsourcing Market?

The market share growth by the automotive segment will be significant during the forecast period. Growth in the global automotive industry is increasingly driven by changing consumer needs to accommodate the convergence of connectivity, electrification, and safety features. Automakers strive to develop smart, fuel-efficient vehicles that meet stringent emission standards. New products and variations such as electric vehicles, car electronics, and telematics are expected to further increase the demand for engineering services in this industry.

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The automotive segment was valued at USD 23.87 million in 2017 and continued to grow until 2021. The need to reduce costs, shorten time to market, and increase competition are some of the key factors driving the demand for ESO in the automotive segment. To survive in the highly competitive automotive market, automakers strive to develop cost-effective solutions. The complexity of automotive technology is growing rapidly. To implement these efficiently, manufacturers are constantly investing in research and development. The global automotive engineering services outsourcing market is technology-intensive. The global automotive industry is also seeing an increasing number of turnkey projects for which ESP provides end-to-end services, including manufacturing engineering. All these factors are driving the growth of the automotive segment.

Which are the Key Regions for the Engineering Services Outsourcing Market?

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North America is estimated to contribute 42% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. North America will remain the leading consumer of outsourced engineering services in 2022. This is because US-based companies have signed numerous ESO contracts with service providers in low-cost countries. The US is the single largest source of domestic and international outsourcing demand, and US-based companies have long relied on the technical support of offshore and nearshore outsourcing ESPs for cost and labor arbitrage. However, the importance of other factors, such as short product lifecycles and pressure to innovate more frequently, are expected to be the major drivers for the growth of the engineering services outsourcing market in the region during the forecast period.

The automotive sector is expected to drive the ESO industry in the coming years due to the increase in US car factories. Despite strong customer demand for ESO in the Americas, increasing reluctance to offshore has adversely affected the regional engineering services outsourcing market. The Trump administration has imposed tough restrictions on international trade and imports of goods and has already imposed billions of dollars in additional tariffs on its main trading partner, China. Such regulations were limited to foreign-produced goods, not services, and left unchecked, could have a significant negative impact on the region's engineering outsourcing market.

This report forecasts the contribution of all the segments to the growth of the market. In addition, we have included the COVID-19 impact and the recovery strategies for each segment. In 2020, the regional market could not withstand the negative impact of COVID-19 as the demand for outsourced engineering services in the region decreased. The US was the hardest-hit economy in the world. Demand for engineering services decreased due to the suspension of factories and ongoing projects. However, in 2021 after the vaccination campaign, the government lifted lockdowns and travel restrictions in the region. This restarted global markets and industrial activity. Additionally, in December 2020, the US government announced a USD 900 billion stimulus package to combat the crisis caused by the pandemic. Additionally, the reopening of global markets provided an environment in which North American companies can expand production to compete with their competitors in regional and global markets. All these factors supported the growth of the ESO market in North America.

Segment Overview

The engineering services outsourcing market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.

End-user Outlook (USD Million, 2017 - 2027)
- Automotive
- Consumer electronics
- Telecom
- Semiconductor
- Others

Source Outlook (USD Million, 2017 - 2027)
- Offshore
- Onshore

Region Outlook (USD Million, 2017 - 2027)
- North America
  - The U.S.
  - Canada
- Europe
  - The U.K.
  - Germany
  - France
  - Rest of Europe
- APAC
  - China
  - India
- Middle East & Africa
  - Saudi Arabia
  - South Africa
  - Rest of the Middle East & Africa
- South America
  - Argentina
  - Brazil
  - Chile

Parent Market Analysis

Technavio categorizes the global engineering services outsourcing market as a part of the global IT consulting and other services market within the global IT services market. The super parent global IT services market cover companies offering IT consulting and system integration services, application services, electronic data processing services, business process outsourcing services, infrastructure services, and Internet services. The parent global IT consulting and other services market covers companies that provide information technology consulting and information management services. Our market research report has extensively covered external factors influencing the parent market growth during the forecast period.

Engineering Services Outsourcing Market Scope
Report Coverage	Details
Page number	184
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 18.75%
Market growth 2023-2027	USD 203.04 million
Market structure	Fragmented
YoY growth 2022-2023(%)	18.25
Regional analysis	North America, APAC, Europe, South America, and Middle East and Africa
Performing market contribution	North America at 42%
Key countries	US, China, India, Germany, and Poland
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	Altair Engineering Inc., Alten SA, Capgemini Service SAS, Cyient Ltd., Deaton Engineering Inc., EPAM Systems Inc., FEV Consulting GmbH, Flatworld Solutions Pvt. Ltd., HCL Technologies Ltd., Hitachi Ltd., Honeywell International Inc., Infosys Ltd., Leedeo Engineering S.L., Mahindra and Mahindra Ltd., Quest Global Services Pte. Ltd., Siemens AG, Sonata Software Ltd., SSA Business Solutions India, Tata Consultancy Services Ltd., and Wipro Ltd.
Market dynamics	Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Engineering Services Outsourcing Market Research Report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the market between 2023 and 2027
Precise estimation of the size of the market and its contribution to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the market industry across North America, APAC, Europe, South America, and Middle East and Africa
Thorough analysis of the market’s competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of market vendors

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Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Sourcing
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 13: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global engineering services outsourcing market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on global engineering services outsourcing market 2017 - 2021 ($ million)

4.2 End-user Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

4.3 Sourcing Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – Sourcing Segment 2017 - 2021 ($ million)

4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

6.1 Market segments
- Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
- Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)

6.2 Comparison by End-user
- Exhibit 32: Chart on Comparison by End-user
- Exhibit 33: Data Table on Comparison by End-user

6.3 Automotive - Market size and forecast 2022-2027
- Exhibit 34: Chart on Automotive - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Data Table on Automotive - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Chart on Automotive - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Automotive - Year-over-year growth 2022-2027 (%)

6.4 Consumer electronics - Market size and forecast 2022-2027
- Exhibit 38: Chart on Consumer electronics - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Data Table on Consumer electronics - Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Chart on Consumer electronics - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Consumer electronics - Year-over-year growth 2022-2027 (%)

6.5 Telecom - Market size and forecast 2022-2027
- Exhibit 42: Chart on Telecom - Market size and forecast 2022-2027 ($ million)
- Exhibit 43: Data Table on Telecom - Market size and forecast 2022-2027 ($ million)
- Exhibit 44: Chart on Telecom - Year-over-year growth 2022-2027 (%)
- Exhibit 45: Data Table on Telecom - Year-over-year growth 2022-2027 (%)

6.6 Semiconductor - Market size and forecast 2022-2027
- Exhibit 46: Chart on Semiconductor - Market size and forecast 2022-2027 ($ million)
- Exhibit 47: Data Table on Semiconductor - Market size and forecast 2022-2027 ($ million)
- Exhibit 48: Chart on Semiconductor - Year-over-year growth 2022-2027 (%)
- Exhibit 49: Data Table on Semiconductor - Year-over-year growth 2022-2027 (%)

6.7 Others - Market size and forecast 2022-2027
- Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
- Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)

6.8 Market opportunity by End-user
- Exhibit 54: Market opportunity by End-user ($ million)
- Exhibit 55: Data Table on Market opportunity by End-user ($ million)

7 Market Segmentation by Sourcing

7.1 Market segments
- Exhibit 56: Chart on Sourcing - Market share 2022-2027 (%)
- Exhibit 57: Data Table on Sourcing - Market share 2022-2027 (%)

7.2 Comparison by Sourcing
- Exhibit 58: Chart on Comparison by Sourcing
- Exhibit 59: Data Table on Comparison by Sourcing

7.3 Offshore - Market size and forecast 2022-2027
- Exhibit 60: Chart on Offshore - Market size and forecast 2022-2027 ($ million)
- Exhibit 61: Data Table on Offshore - Market size and forecast 2022-2027 ($ million)
- Exhibit 62: Chart on Offshore - Year-over-year growth 2022-2027 (%)
- Exhibit 63: Data Table on Offshore - Year-over-year growth 2022-2027 (%)

7.4 Onshore - Market size and forecast 2022-2027
- Exhibit 64: Chart on Onshore - Market size and forecast 2022-2027 ($ million)
- Exhibit 65: Data Table on Onshore - Market size and forecast 2022-2027 ($ million)
- Exhibit 66: Chart on Onshore - Year-over-year growth 2022-2027 (%)
- Exhibit 67: Data Table on Onshore - Year-over-year growth 2022-2027 (%)

7.5 Market opportunity by Sourcing
- Exhibit 68: Market opportunity by Sourcing ($ million)
- Exhibit 69: Data Table on Market opportunity by Sourcing ($ million)

8 Customer Landscape

8.1 Customer landscape overview
- Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Exhibit 71: Chart on Market share by geography 2022-2027 (%)
- Exhibit 72: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison
- Exhibit 73: Chart on Geographic comparison
- Exhibit 74: Data Table on Geographic comparison

9.3 North America - Market size and forecast 2022-2027
- Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)

9.4 APAC - Market size and forecast 2022-2027
- Exhibit 79: Chart on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 80: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 81: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 82: Data Table on APAC - Year-over-year growth 2022-2027 (%)

9.5 Europe - Market size and forecast 2022-2027
- Exhibit 83: Chart on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 84: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 85: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 86: Data Table on Europe - Year-over-year growth 2022-2027 (%)

9.6 South America - Market size and forecast 2022-2027
- Exhibit 87: Chart on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 88: Data Table on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 89: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 90: Data Table on South America - Year-over-year growth 2022-2027 (%)

9.7 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

9.8 US - Market size and forecast 2022-2027
- Exhibit 95: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 96: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 97: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 98: Data Table on US - Year-over-year growth 2022-2027 (%)

9.9 China - Market size and forecast 2022-2027
- Exhibit 99: Chart on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 100: Data Table on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 101: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 102: Data Table on China - Year-over-year growth 2022-2027 (%)

9.10 Germany - Market size and forecast 2022-2027
- Exhibit 103: Chart on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 104: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 105: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 106: Data Table on Germany - Year-over-year growth 2022-2027 (%)

9.11 India - Market size and forecast 2022-2027
- Exhibit 107: Chart on India - Market size and forecast 2022-2027 ($ million)
- Exhibit 108: Data Table on India - Market size and forecast 2022-2027 ($ million)
- Exhibit 109: Chart on India - Year-over-year growth 2022-2027 (%)
- Exhibit 110: Data Table on India - Year-over-year growth 2022-2027 (%)

9.12 Poland - Market size and forecast 2022-2027
- Exhibit 111: Chart on Poland - Market size and forecast 2022-2027 ($ million)
- Exhibit 112: Data Table on Poland - Market size and forecast 2022-2027 ($ million)
- Exhibit 113: Chart on Poland - Year-over-year growth 2022-2027 (%)
- Exhibit 114: Data Table on Poland - Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography
- Exhibit 115: Market opportunity by geography ($ million)
- Exhibit 116: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges
- Exhibit 117: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 118: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 119: Overview on factors of disruption

11.4 Industry risks
- Exhibit 120: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 121: Vendors covered

12.2 Market positioning of vendors
- Exhibit 122: Matrix on vendor position and classification

12.3 Altair Engineering Inc.
- Exhibit 123: Altair Engineering Inc. - Overview
- Exhibit 124: Altair Engineering Inc. - Business segments
- Exhibit 125: Altair Engineering Inc. - Key offerings
- Exhibit 126: Altair Engineering Inc. - Segment focus

12.4 Alten SA
- Exhibit 127: Alten SA - Overview
- Exhibit 128: Alten SA - Product / Service
- Exhibit 129: Alten SA - Key news
- Exhibit 130: Alten SA - Key offerings

12.5 Capgemini Service SAS
- Exhibit 131: Capgemini Service SAS - Overview
- Exhibit 132: Capgemini Service SAS - Business segments
- Exhibit 133: Capgemini Service SAS - Key news
- Exhibit 134: Capgemini Service SAS - Key offerings
- Exhibit 135: Capgemini Service SAS - Segment focus

12.6 Cyient Ltd.
- Exhibit 136: Cyient Ltd. - Overview
- Exhibit 137: Cyient Ltd. - Business segments
- Exhibit 138: Cyient Ltd. - Key offerings
- Exhibit 139: Cyient Ltd. - Segment focus

12.7 Deaton Engineering Inc.
- Exhibit 140: Deaton Engineering Inc. - Overview
- Exhibit 141: Deaton Engineering Inc. - Product / Service
- Exhibit 142: Deaton Engineering Inc. - Key offerings

12.8 EPAM Systems Inc.
- Exhibit 143: EPAM Systems Inc. - Overview
- Exhibit 144: EPAM Systems Inc. - Business segments
- Exhibit 145: EPAM Systems Inc. - Key offerings
- Exhibit 146: EPAM Systems Inc. - Segment focus

12.9 HCL Technologies Ltd.
- Exhibit 147: HCL Technologies Ltd. - Overview
- Exhibit 148: HCL Technologies Ltd. - Business segments
- Exhibit 149: HCL Technologies Ltd. - Key news
- Exhibit 150: HCL Technologies Ltd. - Key offerings
- Exhibit 151: HCL Technologies Ltd. - Segment focus

12.10 Hitachi Ltd.
- Exhibit 152: Hitachi Ltd. - Overview
- Exhibit 153: Hitachi Ltd. - Business segments
- Exhibit 154: Hitachi Ltd. - Key news
- Exhibit 155: Hitachi Ltd. - Key offerings
- Exhibit 156: Hitachi Ltd. - Segment focus

12.11 Honeywell International Inc.
- Exhibit 157: Honeywell International Inc. - Overview
- Exhibit 158: Honeywell International Inc. - Business segments
- Exhibit 159: Honeywell International Inc. - Key news
- Exhibit 160: Honeywell International Inc. - Key offerings
- Exhibit 161: Honeywell International Inc. - Segment focus

12.12 Infosys Ltd.
- Exhibit 162: Infosys Ltd. - Overview
- Exhibit 163: Infosys Ltd. - Business segments
- Exhibit 164: Infosys Ltd. - Key news
- Exhibit 165: Infosys Ltd. - Key offerings
- Exhibit 166: Infosys Ltd. - Segment focus

12.13 Mahindra and Mahindra Ltd.
- Exhibit 167: Mahindra and Mahindra Ltd. - Overview
- Exhibit 168: Mahindra and Mahindra Ltd. - Business segments
- Exhibit 169: Mahindra and Mahindra Ltd. - Key news
- Exhibit 170: Mahindra and Mahindra Ltd. - Key offerings
- Exhibit 171: Mahindra and Mahindra Ltd. - Segment focus

12.14 Siemens AG
- Exhibit 172: Siemens AG - Overview
- Exhibit 173: Siemens AG - Business segments
- Exhibit 174: Siemens AG - Key news
- Exhibit 175: Siemens AG - Key offerings
- Exhibit 176: Siemens AG - Segment focus

12.15 Sonata Software Ltd.
- Exhibit 177: Sonata Software Ltd. - Overview
- Exhibit 178: Sonata Software Ltd. - Business segments
- Exhibit 179: Sonata Software Ltd. - Key news
- Exhibit 180: Sonata Software Ltd. - Key offerings
- Exhibit 181: Sonata Software Ltd. - Segment focus

12.16 Tata Consultancy Services Ltd.
- Exhibit 182: Tata Consultancy Services Ltd. - Overview
- Exhibit 183: Tata Consultancy Services Ltd. - Business segments
- Exhibit 184: Tata Consultancy Services Ltd. - Key news
- Exhibit 185: Tata Consultancy Services Ltd. - Key offerings
- Exhibit 186: Tata Consultancy Services Ltd. - Segment focus

12.17 Wipro Ltd.
- Exhibit 187: Wipro Ltd. - Overview
- Exhibit 188: Wipro Ltd. - Business segments
- Exhibit 189: Wipro Ltd. - Key news
- Exhibit 190: Wipro Ltd. - Key offerings
- Exhibit 191: Wipro Ltd. - Segment focus

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 192: Inclusions checklist
- Exhibit 193: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 194: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 195: Research methodology
- Exhibit 196: Validation techniques employed for market sizing
- Exhibit 197: Information sources

13.5 List of abbreviations
- Exhibit 198: List of abbreviations

Methodology

Research Framework

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.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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