Engineering Services Outsourcing Market 2020-2024 | Improved Access to Emerging Markets to Boost Growth | Technavio

Technavio has been monitoring the engineering services outsourcing market and it is poised to grow by USD 207.85 billion during 2020-2024, progressing at a CAGR of almost 23% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Accenture, Altair Engineering, Inc., Alten GmbH, Aricent Group, HCL Technologies, Infosys, RLE International Group, TCS, Tech Mahindra Ltd., and Wipro are some of the major market participants. Improved access to emerging markets will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Improved access to emerging markets has been instrumental in driving the growth of the market.

Engineering Services Outsourcing Market 2020-2024: Segmentation

Engineering Services Outsourcing Market is segmented as below:

• Sourcing
  • Offshore
  • Onshore
• End-user
  • Automotive
  • Consumer Electronics
  • Telecom
  • Semiconductor
  • Aerospace
  • Medical Devices
  • Construction
  • Others
• Geographic Landscape
  • APAC
  • Europe
  • MEA
  • North America
  • South America

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Engineering Services Outsourcing Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our engineering services outsourcing market report covers the following areas:

• Engineering Services Outsourcing Market Size
• Engineering Services Outsourcing Market Trends
• Engineering Services Outsourcing Market Industry Analysis

This study identifies collaborative co-innovation partnership with outsourcing firms as one of the prime reasons driving the engineering services outsourcing market growth during the next few years.

Engineering Services Outsourcing Market 2020-2024: Vendor Analysis

We provide a detailed analysis of vendors operating in the engineering services outsourcing market, including some of the vendors such as Accenture, Altair Engineering, Inc., Alten GmbH, Aricent Group, HCL Technologies, Infosys, RLE International Group, TCS, Tech Mahindra Ltd., and Wipro. Backed with competitive intelligence and benchmarking, our research reports on the engineering services outsourcing market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Engineering Services Outsourcing Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist engineering services outsourcing market growth during the next five years
• Estimation of the engineering services outsourcing market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the engineering services outsourcing market
• 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

Table Of Contents:

Executive Summary

• Market Overview

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 2019-2024
• Aerospace - Market size and forecast 2019-2024
• Medical devices - Market size and forecast 2019-2024
• Construction - Market size and forecast 2019-2024
• Others - Market size and forecast 2019-2024

Market opportunity by Sourcing

• Market Segmentation by Sourcing
• Market segments
• Comparison by End user placement
• Offshore - Market size and forecast 2019-2024
• Onshore - Market size and forecast 2019-2024
• Market opportunity by Sourcing

Customer landscape

• Overview

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• North America - Market size and forecast 2019-2024
• APAC - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography

Drivers, Challenges, and Trends

• Market drivers
• Volume driver - Demand led growth
• Volume driver - Supply led growth
• Volume driver - External factors
• Volume driver - Demand shift in adjacent markets
• Price driver - Inflation
• Price driver - Shift from lower to higher-priced units
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Accenture
• Altair Engineering, Inc.
• Alten GmbH
• Aricent Group
• HCL Technologies
• Infosys
• RLE International Group
• TCS
• Tech Mahindra Ltd.
• Wipro

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.