Engineering Services Outsourcing Market in US by End-user - Forecast and Analysis 2021-2025

  • Published: Jun 2021
  • Pages: 120
  • SKU: IRTNTR70628
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The engineering services outsourcing market size in the US is expected to grow by USD 60.76 billion and record a CAGR of 22.82% during 2021-2025.

This post-pandemic engineering services outsourcing market in US report has assessed the shift in consumer behavior and has identified and explored the upcoming trends and drivers that the vendors can capitalize on to support prompt business decisions. In this engineering services outsourcing market in US analysis report, key drivers such as cost efficiency have been discussed with emerging growth regions, which will offer immense business opportunities. Our analysts have also identified challenges such as concerns about lack of quality control, which will impede market growth. With these insights, the vendors can recreate their plan of action to obtain growth opportunities in the future.

What will the Engineering Services Outsourcing Market Size in the US be in 2021?

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Who are the Key Vendors in the Engineering Services Outsourcing Market in US?

The engineering services outsourcing market in US forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles include information on the production, competitive landscape, sustainability, and prospects of the leading companies including:

 

  • Accenture Plc
  • ALTEN Group
  • Capgemini SE
  • Cognizant Technology Solutions Corp.
  • HCL Technologies Ltd.
  • Infosys Ltd.
  • QuEST Global Services Pte. Ltd.
  • Tata Consultancy Services Ltd.
  • Tech Mahindra Ltd.
  • Wipro Ltd.

 

The engineering services outsourcing market in US is fragmented and the vendors are deploying various growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.

This engineering services outsourcing market in US report further entails segmentation by end-user (telecom, automotive, healthcare, aerospace, and others) and sourcing (offshore and onshore). View our sample report to gather market insights on the segmentations.

To make the most of the opportunities, vendors should focus on fast-growing segments, while maintaining their positions in the slow-growing segments. Fetch actionable market insights on post COVID-19 impact on each product and service segments.

 

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

Engineering-Services-Outsourcing-Market-In-US-Market-Share-by-End-2020-2025

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The report offers an up-to-date analysis of the end-user segmentations. The US will record a fast growth rate during 2021-2025, and the country will offer several growth opportunities to market vendors. To garner further competitive intelligence and opportunities in store for vendors in various market segments, view our sample report. This report provides estimations of the contribution of all regions to the growth of the engineering services outsourcing market size in the US.

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

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive engineering services outsourcing market growth in the US during the next five years
  • Precise estimation of the engineering services outsourcing market size in the US and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the engineering services outsourcing market in US
  • 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 in the US

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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
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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
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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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The engineering services outsourcing market growth will increase by $60762.10 million during 2020-2025.
The engineering services outsourcing market is expected to grow at a CAGR of 22.82% during 2020-2025.
Technavio has segmented the engineering services outsourcing market by end user (Telecom, Automotive, Healthcare, Aerospace, and Others) ,other1 (Offshore and Onshore) , and geographic (US).
Accenture Plc, ALTEN Group, Capgemini SE, Cognizant Technology Solutions Corp., HCL Technologies Ltd., Infosys Ltd., QuEST Global Services Pte. Ltd., Tata Consultancy Services Ltd., Tech Mahindra Ltd., Wipro Ltd. are a few of the key vendors in the engineering services outsourcing market.
US will register the highest growth rate of 100.00% among the other regions. Therefore, the engineering services outsourcing market in US 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 efficiency
The engineering services outsourcing market vendors should focus on grabbing business opportunities from the telecom segment as it accounted for the largest market share in the base year.
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