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Engineering Services Outsourcing Market by Sourcing, End-user, and Geography - Forecast and Analysis 2022-2026

  • Published: Apr 2022
  • Pages: 120
  • SKU: IRTNTR40539
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According to Technavio's analyst, the engineering services outsourcing market size is expected to be valued at USD 206.93 billion by 2026 with a progressing CAGR of 21.8%.

This engineering services outsourcing market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers engineering services outsourcing market segmentation by:

  • End-user - Automotive, Consumer electronics, Telecom, Semiconductor, and Others
  • Sourcing - Offshore and Onshore
  • Geography - North America, APAC, Europe, South America, and Middle East and Africa

The engineering services outsourcing market vendors are - Accenture Plc, Altair Engineering Inc., ALTEN Group, Capgemini Service SAS, Cybage Software Pvt. Ltd., Cyient Ltd., Deaton Engineering Inc., EPAM Systems Inc., FAREVA SA, Flatworld Solutions Pvt. Ltd., HCL Technologies Ltd., Infosys Ltd., Leedeo Engineering S.L., Mahindra and Mahindra Ltd., Porsche Automobil Holding SE, QuEST Global Services Pte. Ltd., SSA Business Solutions Pvt. Ltd., Tata Sons Pvt. Ltd., Wipro Ltd., and Hitachi Ltd. among others.

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

Engineering Services Outsourcing Market Size

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

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The cost savings from lower labor wages is notably driving the engineering services outsourcing market growth, although factors such as the risk of intellectual property theft and misuse may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the engineering services outsourcing industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Engineering Services Outsourcing Market Driver

One of the key factors driving growth in the engineering services outsourcing market is the cost savings from lower labor wages. The leading factors driving the growth of the global engineering services outsourcing market globally are the cost-efficiencies derived from delegating work to a low-cost workforce and the reduction of associated costs of maintaining additional infrastructure, office space, operations, and staffing. The expansion of the global economy has resulted in labor arbitrage, which focuses on the transference of business processes to less-expensive locations. Organizations gain an advantage from labor arbitrage through the maintenance of a lean workforce and spending less on employee hiring and retention. Outsourcing also allows companies to scale operations on-demand along with their operational requirements. Businesses or organizations in developed or industrialized countries, wherein the cost of labor is very high, primarily outsource engineering services.

Key Engineering Services Outsourcing Market Trend

The collaborative co-innovation partnership with outsourcing firms is a engineering services outsourcing market trend that is expected to have a positive impact in the coming years. Collaborative partnerships in outsourcing call for risk-sharing and value sharing, deriving from the joint functioning between the customer organization and the outsourcing service provider. Whereas, co-innovation refers to the two parties managing the flow of knowledge across organizational boundaries to jointly develop new solutions and products that create significant value for both. Although the risks and challenges of outsourcing are deepening each year, many companies are continuing to operate their outsourcing relationships successfully through extensive collaboration and co-innovation. Outsourcing service providers are regarded as integrated strategic partners of their clients supply chains under such instances.

Key Engineering Services Outsourcing Market Challenge

The risk of intellectual property theft and misuse will be a major challenge for the engineering services outsourcing market during the forecast period. Most organizations keep their R&D operations classified and have stringent non-disclosure policies and procedures while sharing or outsourcing the operations. This would help the company in preventing theft or leakage of significant product designs and solutions. The risk of theft of proprietary design and information would restrict many organizations from outsourcing work related to engineering design and product development to other companies or countries.  Many laws and regulations have been formulated globally to prevent theft and misuse of IP. However, the laws have not been able to completely restrict the breach of private information and contracts. With the development of computer technology and online access to organizational hardware and accounts, it has become increasingly difficult to restrict unauthorized access to confidential data and information. Collaborating with outsourced ESPs across countries and borders, under such circumstances, becomes challenging and complex. 

This engineering services outsourcing market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

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. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the engineering services outsourcing market during the forecast period.

Who are the Major Engineering Services Outsourcing Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Accenture Plc
  • Altair Engineering Inc.
  • ALTEN Group
  • Capgemini Service SAS
  • Cybage Software Pvt. Ltd.
  • Cyient Ltd.
  • Deaton Engineering Inc.
  • EPAM Systems Inc.
  • FAREVA SA
  • Flatworld Solutions Pvt. Ltd.
  • HCL Technologies Ltd.
  • Infosys Ltd.
  • Leedeo Engineering S.L.
  • Mahindra and Mahindra Ltd.
  • Porsche Automobil Holding SE
  • QuEST Global Services Pte. Ltd.
  • SSA Business Solutions Pvt. Ltd.
  • Tata Sons Pvt. Ltd.
  • Wipro Ltd.
  • Hitachi Ltd.

 

This statistical study of the engineering services outsourcing market encompasses successful business strategies deployed by the key vendors. The engineering services outsourcing market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • accenture.com - The company offers engineering services outsourcing for core platform engineering, software product engineering, platform enablement, and device engineering.
  • accenture.com - Through the North America segment, the company sells and delivers full range of its services and capabilities to clients across North America.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The engineering services outsourcing market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Engineering Services Outsourcing Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the engineering services outsourcing market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Engineering Services Outsourcing Market?

Engineering Services Outsourcing Market Market segmentation by region

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42% of the market's growth will originate from North America during the forecast period. The US is the key market for engineering services outsourcing in North America. Market growth in this region will be faster than the growth of the market in other regions.

The large number of ESO agreements signed by US-based companies with service providers in low-cost countries will facilitate the engineering services outsourcing market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The regional market could not withstand the negative impact that the COVID-19 pandemic brought about in 2020, as the demand for outsourced engineering services declined in the region. The reopening of global markets was offering a favorable environment for companies in North America to increase their production so that they can compete with their counterparts in the regional and global markets. This will continue to drive the demand for ESO in the region and it is expected to grow during the forecast period.

What are the Revenue-generating End-user Segments in the Engineering Services Outsourcing Market?

Engineering Services Outsourcing Market Segmentation

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The engineering services outsourcing market share growth by the automotive segment will be significant during the forecast period. The growth of the automotive industry globally is increasingly being driven because of changing consumer needs to accommodate the convergence of connectivity, electrification, and safety features. The increasing number of new products or variants such as electric cars, car electronics, and telematics will lead to further growth in demand for engineering services in this vertical. The need for cost reduction, less time-to-market, and increasing competition are a few of the significant factors driving the demand for ESO in this vertical. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the engineering services outsourcing market size and actionable market insights on post COVID-19 impact on each segment.

You may be interested in the regional reports:

India ESO market - The market share will grow at a CAGR of 30 percent over the period 2014-2019.

APAC Engineering Services Outsourcing (ESO) market - The market share will grow at a CAGR of close to 11% during the forecast period. 

Engineering Services Outsourcing Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 21.8%

Market growth 2022-2026

$ 206.93 billion

Market structure

Fragmented

YoY growth (%)

20.5

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

North America at 42%

Key consumer countries

US, China, India, Germany, and Poland

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Accenture Plc, Altair Engineering Inc., ALTEN Group, Capgemini Service SAS, Cybage Software Pvt. Ltd., Cyient Ltd., Deaton Engineering Inc., EPAM Systems Inc., FAREVA SA, Flatworld Solutions Pvt. Ltd., HCL Technologies Ltd., Infosys Ltd., Leedeo Engineering S.L., Mahindra and Mahindra Ltd., Porsche Automobil Holding SE, QuEST Global Services Pte. Ltd., SSA Business Solutions Pvt. Ltd., Tata Sons Pvt. Ltd., Wipro Ltd., and Hitachi 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, Market condition analysis for the forecast period

Customization purview

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

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive engineering services outsourcing market growth during the next five years
  • Precise estimation of the engineering services outsourcing market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the engineering services outsourcing industry across North America, APAC, Europe, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of engineering services outsourcing market vendors

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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 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 18: Five forces analysis - Comparison between2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by End-user

    • 5.1 Market segments
      • Exhibit 25: Chart on End-user - Market share 2021-2026 (%)
      • Exhibit 26: Data Table on End-user - Market share 2021-2026 (%)
    • 5.2 Comparison by End-user
      • Exhibit 27: Chart on Comparison by End-user
      • Exhibit 28: Data Table on Comparison by End-user
    • 5.3 Automotive - Market size and forecast 2021-2026
      • Exhibit 29: Chart on Automotive - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 30: Data Table on Automotive - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 31: Chart on Automotive - Year-over-year growth 2021-2026 (%)
      • Exhibit 32: Data Table on Automotive - Year-over-year growth 2021-2026 (%)
    • 5.4 Consumer electronics - Market size and forecast 2021-2026
      • Exhibit 33: Chart on Consumer electronics - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 34: Data Table on Consumer electronics - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 35: Chart on Consumer electronics - Year-over-year growth 2021-2026 (%)
      • Exhibit 36: Data Table on Consumer electronics - Year-over-year growth 2021-2026 (%)
    • 5.5 Telecom - Market size and forecast 2021-2026
      • Exhibit 37: Chart on Telecom - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 38: Data Table on Telecom - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 39: Chart on Telecom - Year-over-year growth 2021-2026 (%)
      • Exhibit 40: Data Table on Telecom - Year-over-year growth 2021-2026 (%)
    • 5.6 Semiconductor - Market size and forecast 2021-2026
      • Exhibit 41: Chart on Semiconductor - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 42: Data Table on Semiconductor - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 43: Chart on Semiconductor - Year-over-year growth 2021-2026 (%)
      • Exhibit 44: Data Table on Semiconductor - Year-over-year growth 2021-2026 (%)
    • 5.7 Others - Market size and forecast 2021-2026
      • Exhibit 45: Chart on Others - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 46: Data Table on Others - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 47: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 48: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.8 Market opportunity by End-user
      • Exhibit 49: Market opportunity by End-user ($ billion)

    6 Market Segmentation by Sourcing

    • 6.1 Market segments
      • Exhibit 50: Chart on Sourcing - Market share 2021-2026 (%)
      • Exhibit 51: Data Table on Sourcing - Market share 2021-2026 (%)
    • 6.2 Comparison by Sourcing
      • Exhibit 52: Chart on Comparison by Sourcing
      • Exhibit 53: Data Table on Comparison by Sourcing
    • 6.3 Offshore - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Offshore - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 55: Data Table on Offshore - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 56: Chart on Offshore - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Offshore - Year-over-year growth 2021-2026 (%)
    • 6.4 Onshore - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Onshore - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 59: Data Table on Onshore - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 60: Chart on Onshore - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Onshore - Year-over-year growth 2021-2026 (%)
    • 6.5 Market opportunity by Sourcing
      • Exhibit 62: Market opportunity by Sourcing ($ billion)

    7 Customer Landscape

    • 7.1 Customer landscape overview
      • Exhibit 63: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    8 Geographic Landscape

    • 8.1 Geographic segmentation
      • Exhibit 64: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 65: Data Table on Market share by geography 2021-2026 (%)
    • 8.2 Geographic comparison
      • Exhibit 66: Chart on Geographic comparison
      • Exhibit 67: Data Table on Geographic comparison
    • 8.3 North America - Market size and forecast 2021-2026
      • Exhibit 68: Chart on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 69: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 70: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 71: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 8.4 APAC - Market size and forecast 2021-2026
      • Exhibit 72: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 73: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 74: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 75: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 8.5 Europe - Market size and forecast 2021-2026
      • Exhibit 76: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 77: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 78: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 79: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 8.6 South America - Market size and forecast 2021-2026
      • Exhibit 80: Chart on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 81: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 82: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 83: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 8.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 84: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 85: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 86: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 87: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 8.8 US - Market size and forecast 2021-2026
      • Exhibit 88: Chart on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 89: Data Table on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 90: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 91: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 8.9 China - Market size and forecast 2021-2026
      • Exhibit 92: Chart on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 93: Data Table on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 94: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 95: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 8.10 Germany - Market size and forecast 2021-2026
      • Exhibit 96: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 97: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 98: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 99: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 8.11 India - Market size and forecast 2021-2026
      • Exhibit 100: Chart on India - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 101: Data Table on India - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 102: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 103: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 8.12 Poland - Market size and forecast 2021-2026
      • Exhibit 104: Chart on Poland - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 105: Data Table on Poland - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 106: Chart on Poland - Year-over-year growth 2021-2026 (%)
      • Exhibit 107: Data Table on Poland - Year-over-year growth 2021-2026 (%)
    • 8.13 Market opportunity by geography
      • Exhibit 108: Market opportunity by geography ($ billion)

    9 Drivers, Challenges, and Trends

    • 9.1 Market drivers
      • 9.2 Market challenges
        • 9.3 Impact of drivers and challenges
          • Exhibit 109: Impact of drivers and challenges in 2021 and 2026
        • 9.4 Market trends

          10 Vendor Landscape

          • 10.1 Overview
            • 10.2 Vendor landscape
              • Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
            • 10.3 Landscape disruption
              • Exhibit 111: Overview on factors of disruption
            • 10.4 Industry risks
              • Exhibit 112: Impact of key risks on business

            11 Vendor Analysis

            • 11.1 Vendors covered
              • Exhibit 113: Vendors covered
            • 11.2 Market positioning of vendors
              • Exhibit 114: Matrix on vendor position and classification
            • 11.3 Accenture Plc
              • Exhibit 115: Accenture Plc - Overview
              • Exhibit 116: Accenture Plc - Business segments
              • Exhibit 117: Accenture Plc - Key news
              • Exhibit 118: Accenture Plc - Key offerings
              • Exhibit 119: Accenture Plc - Segment focus
            • 11.4 Altair Engineering Inc.
              • Exhibit 120: Altair Engineering Inc. - Overview
              • Exhibit 121: Altair Engineering Inc. - Business segments
              • Exhibit 122: Altair Engineering Inc. - Key offerings
              • Exhibit 123: Altair Engineering Inc. - Segment focus
            • 11.5 ALTEN Group
              • Exhibit 124: ALTEN Group - Overview
              • Exhibit 125: ALTEN Group - Product / Service
              • Exhibit 126: ALTEN Group - Key news
              • Exhibit 127: ALTEN Group - Key offerings
            • 11.6 Capgemini Service SAS
              • Exhibit 128: Capgemini Service SAS - Overview
              • Exhibit 129: Capgemini Service SAS - Business segments
              • Exhibit 130: Capgemini Service SAS - Key news
              • Exhibit 131: Capgemini Service SAS - Key offerings
              • Exhibit 132: Capgemini Service SAS - Segment focus
            • 11.7 EPAM Systems Inc.
              • Exhibit 133: EPAM Systems Inc. - Overview
              • Exhibit 134: EPAM Systems Inc. - Business segments
              • Exhibit 135: EPAM Systems Inc. - Key offerings
              • Exhibit 136: EPAM Systems Inc. - Segment focus
            • 11.8 HCL Technologies Ltd.
              • Exhibit 137: HCL Technologies Ltd. - Overview
              • Exhibit 138: HCL Technologies Ltd. - Business segments
              • Exhibit 139: HCL Technologies Ltd. - Key news
              • Exhibit 140: HCL Technologies Ltd. - Key offerings
              • Exhibit 141: HCL Technologies Ltd. - Segment focus
            • 11.9 Infosys Ltd.
              • Exhibit 142: Infosys Ltd. - Overview
              • Exhibit 143: Infosys Ltd. - Business segments
              • Exhibit 144: Infosys Ltd. - Key news
              • Exhibit 145: Infosys Ltd. - Key offerings
              • Exhibit 146: Infosys Ltd. - Segment focus
            • 11.10 Mahindra and Mahindra Ltd.
              • Exhibit 147: Mahindra and Mahindra Ltd. - Overview
              • Exhibit 148: Mahindra and Mahindra Ltd. - Business segments
              • Exhibit 149: Mahindra and Mahindra Ltd. - Key news
              • Exhibit 150: Mahindra and Mahindra Ltd. - Key offerings
              • Exhibit 151: Mahindra and Mahindra Ltd. - Segment focus
            • 11.11 Tata Sons Pvt. Ltd.
              • Exhibit 152: Tata Sons Pvt. Ltd. - Overview
              • Exhibit 153: Tata Sons Pvt. Ltd. - Business segments
              • Exhibit 154: Tata Sons Pvt. Ltd. - Key offerings
              • Exhibit 155: Tata Sons Pvt. Ltd. - Segment focus
            • 11.12 Wipro Ltd.
              • Exhibit 156: Wipro Ltd. - Overview
              • Exhibit 157: Wipro Ltd. - Business segments
              • Exhibit 158: Wipro Ltd. - Key news
              • Exhibit 159: Wipro Ltd. - Key offerings
              • Exhibit 160: Wipro Ltd. - Segment focus

            12 Appendix

            • 12.1 Scope of the report
              • 12.2 Inclusions and exclusions checklist
                • Exhibit 161: Inclusions checklist
                • Exhibit 162: Exclusions checklist
              • 12.3 Currency conversion rates for US$
                • Exhibit 163: Currency conversion rates for US$
              • 12.4 Research methodology
                • Exhibit 164: Research methodology
                • Exhibit 165: Validation techniques employed for market sizing
                • Exhibit 166: Information sources
              • 12.5 List of abbreviations
                • Exhibit 167: List of abbreviations
              • o
                • Engineering and Research and Development Services

                  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.

                  TechnavioINFORMATION 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
                  Technavio

                  TechnavioDATA 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
                  Technavio

                  TechnavioREPORT 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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                  Engineering Services Outsourcing market growth will increase by $206.93 billion during 2022-2026.
                  The engineering services outsourcing market is expected to grow at a CAGR of 21.8% during 2022-2026.
                  Technavio has segmented the engineering services outsourcing market by end-user (Automotive, Consumer electronic, Telecom, Semiconductor, and Aerospace) ,sourcing (North America, APAC, Europe, South America, and MEA) , and geographic (North America, APAC, Europe, South America, and Middle East and Africa).
                  Accenture Plc, Altair Engineering Inc., ALTEN Group, Capgemini Service SAS, Cybage Software Pvt. Ltd., Cyient Ltd., Deaton Engineering Inc., EPAM Systems Inc., FAREVA SA, Flatworld Solutions Pvt. Ltd., HCL Technologies Ltd., Infosys Ltd., Leedeo Engineering S.L., Mahindra and Mahindra Ltd., Porsche Automobil Holding SE, QuEST Global Services Pte. Ltd., SSA Business Solutions Pvt. Ltd., Tata Sons Pvt. Ltd., Wipro Ltd., Hitachi Ltd. are a few of the key vendors in the engineering services outsourcing market.
                  North America will register the highest growth rate of 41.79% among the other regions. Therefore, the engineering services outsourcing market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
                  The key factors driving the engineering services outsourcing market growth are:
                  • Cost savings from lower labor wages
                  • Collaborative co-innovation partnership with outsourcing firms
                  The engineering services outsourcing market vendors should focus on grabbing business opportunities from the automotive segment as it accounted for the largest market share in the base year.
                  • 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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