LONDON–(BUSINESS WIRE)–The engineering services outsourcing market is expected to grow by USD 207.85 bn, progressing at a CAGR of almost 23% during the forecast period. Download Free Sample Report
Cost savings from lower labor wages is one of the major factors propelling market growth.
More details: https://www.technavio.com/report/engineering-services-outsourcing-market-industry-analysis
Engineering Services sourcing Market: Market Landscape
Based on the sourcing, the offshore additives segment is expected to witness lucrative growth during the forecast period.
Engineering Services Outsourcing Market: Geographic Landscape
By geography, North America is going to have a lucrative growth during the forecast period. About 41% of the market’s overall growth is expected to originate from North America. The US is an essential market for engineering services outsourcing in North America.
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
View market snapshot before purchasing
Companies Covered:
- Accenture
- Altair Engineering
- Inc.
- Alten GmbH
- Aricent Group
- HCL Technologies
- Infosys
- RLE International Group
- TCS
- Tech Mahindra Ltd.
- Wipro
What our reports offer:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2019, 2020, until 2024
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Technavio’s SUBSCRIPTION platform
Key Topics Covered:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019-2024
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
- Market segments
- Comparison by End-user placement
- Automotive – Market size and forecast 2019-2024
- Consumer electronic – Market size and forecast 2019-2024
- Telecom – Market size and forecast 2019-2024
- Semiconductor – Market size and forecast…
Read More: Insights on the Engineering Services Outsourcing Market: COVID-19 Industry