Insights on the Engineering Services Outsourcing Market: COVID-19 Industry Analysis, Market Growth, Opportunities, and Forecast 2020-2024 | Technavio
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.
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.
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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.
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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 End-user
Market Segmentation by Other 1
Market segments
Comparison by Other1 placement
Offshore - Market size and forecast 2019-2024
Onshore - Market size and forecast 2019-2024
Market opportunity by Other1
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
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