NEW YORK, July 30, 2021 /PRNewswire/ —
Technavio’s latest offering, Engineering Services Outsourcing Market report provides a detailed analysis on the competitive scenario, the pre- and post-COVID-19 impact on businesses, and the market growth across various regions.
The engineering services outsourcing market is estimated to grow by USD 187.99 billion during 2021-2025, growing at a CAGR of almost 23%.
Factors such as cost savings from lower labor wages, reduced time to market, and improved access to emerging markets will be crucial in driving the growth of the market. But the risk of intellectual property theft and misuse will restrict the market growth.
Growing focus on core competencies and the lack of in-house expertise will have a positive impact on the market. On the other hand, growing concerns over loss of business control and management of dispersed teams are huge challenges in the industry.
The engineering services outsourcing market report provides complete insights on key vendors including Accenture Plc, Altair Engineering Inc., ALTEN Group, Capgemini Services SAS, HCL Technologies Ltd., Infosys Ltd., RLE INTERNATIONAL Produktentwicklungsgesellschaft mbH, Tata Consultancy Services Ltd., Tech Mahindra Ltd., and Wipro Ltd.
The competitive scenario provided in the engineering services outsourcing market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.
- By End-user, the market is classified into automotive, consumer electronics, telecom, semiconductor, and others. The market growth in the automotive segment will be significant during the forecast period.
- By Geography, the market is classified as North America, APAC, Europe, South America, and MEA. North America will have the largest share of the market.
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Key Topics Covered:
- Market ecosystem
- Market characteristics
- Market definition
- Market segment analysis
- Market size 2020
- Market outlook: Forecast for 2020 – 2025
Five Forces Analysis
- Five Forces Summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by End-user
- Comparison by End-user
- Automotive – Market size and forecast 2020-2025
- Consumer electronic – Market size and forecast 2020-2025
- Telecom – Market size and forecast 2020-2025
- Semiconductor – Market size and forecast 2020-2025
- Aerospace – Market size and forecast 2020-2025
- Medical devices – Market size and forecast 2020-2025
- Construction – Market size and forecast 2020-2025
- Others – Market size and forecast 2020-2025
- Market opportunity by End-user
Market Segmentation by Sourcing
- Comparison by sourcing
- Offshore – Market size and forecast 2020-2025
- Onshore – Market size and forecast 2020-2025
- Market opportunity by sourcing
- Geographic segmentation
- Geographic comparison
- North America – Market size and forecast 2020-2025
- APAC – Market size and forecast 2020-2025
- Europe – Market size and forecast 2020-2025
- South America – Market size and forecast 2020-2025
- MEA – Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Price driver – Demand led growth
- Volume driver – Demand led growth
- Market challenges
- Market trends
- Vendor landscape
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- Alten GmbH
- Aricent Group
- HCL Technologies
- RLE International Group
- Tech Mahindra Ltd.
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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