ICT Media

Global Engineering Services Outsourcing 2015-2019

  • TEC363060
  • 59 Pages
  • November 2015
  • ICT Media
Market outlook of engineering services outsourcing

ESO refers to the outsourcing of specific engineering services. Engineering services are considered as a critical part of different verticals. Technavios market research analysts expect the global engineering services outsourcing (ESO) to grow at a CAGR of close to 27% until 2019.

Due to the lack of expertise and increasing pressure to reduce costs, companies have started outsourcing their engineering services requirements. The inherent benefits of cost advantages offered by engineering services outsourcing is a key criteria for businesses, and India being able to offer both of these due to its people strength with good match of skill sets required for engineering services has a emerged as an attractive destination in this market.

Market segmentation by outsourced destinations

China
Eastern Europe
India
Others
Countries such as Philippines, Thailand, Malaysia and Singapore among others are also considered as emerging, dominant outsourcing destinations in the market. China is another major destination for ESO, and it held a market share of close to 15% in 2014.

China offers a stronger infrastructure and manufacturing base compared to India. However, a large English-speaking population, liberal economic policies, a favorable political and legal system, and a relatively stronger protection of IP are some of the reasons why India is still a dominant player in the market.

Key challenges faced by the global engineering services outsourcing market

Protecting IP is one of the major challenges confronting the Global ESO market. Outsourcing engineering tasks to other countries raises IP concerns, given the several 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 dont own them. Any innovation that emerges out 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. In addition, various types of IP assets such as trade secrets, trademarks, industrial design, patents, and copyrights are put into use in an offshore outsourcing agreement.

Leading vendors analyzed in the report

HCL
Infosys
TCS
Wipro
The other prominent vendors of this market include Aricent Group, Tata ELXSI, Infotech Enterprises and Luxoft.

Key questions answered in the report

What are the key factors driving the global engineering services outsourcing market
What are the key market trends impacting the growth of the global engineering services outsourcing market
What are the various opportunities and threats faced by the vendors in the global mobile workforce solutions market
Trending factors influencing the market shares for EMEA, APAC, and Americas
Key outcome of the five forces analysis on the global engineering services outsourcing market
Growth forecast of the global engineering services outsourcing market until 2019
Technavio also offers customization on reports based on specific client requirement.
Please Select Format

Need More Information

Contact us
+ 1-800-910-6452
+1-971-202-1575
+91 20 66346066
--- or ---
help@bigmarketresearch.com

 

UPCOMING MARKET RESEARCH REPORTS

Global Machine-To-Machine (M2m) Market (Application, Components, Technology and Geography) - Size, Share, Global Trends, Company Profiles, Demand, Insights, Analysis, Research, Report, Opportunities, Segmentation and Forecast, 2012 - 2020

Machine-to-Machine technology is a very broad term which specifies that, the devices which can communicate through a type of technology and can perform actions without any manual assistance. This technology allows communication between both the wired and wireless systems.

July 2017  |   Price:$ 5370    | Pre Book Price:$ 5370

Read More >>

North America Speech Analytics Market - Opportunities and Forecast, 2015 - 2020

Speech analytics is the process in which recorded calls are analyzed to gather information about perception of customers. It helps enterprises to improve customer satisfaction, agent performance, and operational efficiency. ...

July 2017  |   Price:$ 3390    | Pre Book Price:$ 3390

Read More >>

Asia Pacific Learning Management Systems Market - Opportunities and Forecast, 2014 - 2020

An online technology that helps in the deployment, evaluation, management etc. of the training and education content is defined as learning management system (or LMS). Besides this, the system promises ...

July 2017  |   Price:$ 3390    | Pre Book Price:$ 3390

Read More >>

Fiber Optic Connectors Asia-Pacific Market Research Report, 2013 - 2020

Fiber optic connectors terminate fiber optic cables. They are used for mechanical coupling and aligning of core fibers. They are implemented for joining of optical fibers in an effort to ...

July 2017  |   Price:$ 2850    | Pre Book Price:$ 2850

Read More >>

Parking Reservation System Market - Opportunities and Forecasts, 2014 - 2020

The system that is developed to help individuals book car (vehicle) parking space online is termed as parking reservation system. The system is known to instantly enhance the website by ...

July 2017  |   Price:$ 5370    | Pre Book Price:$ 5370

Read More >>

Flexible Display Asia-Pacific Market Research Report, 2014 - 2020

A flexible display is a particular type pf display which is made of polymer compound to extend a flexible structure for the display screen. In recent years, the growing market ...

July 2017  |   Price:$ 2850    | Pre Book Price:$ 2850

Read More >>

2017 © Copyright Big Market Research

View Pricing >>