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Global Engineering Services Outsourcing Market 2025-2029

Publisher TechNavio
Published Feb 22, 2025
Length 243 Pages
SKU # INF19659130

Description

Engineering Services Outsourcing Market 2025-2029

The engineering services outsourcing market is forecasted to grow by USD 317 billion during 2024-2029, accelerating at a CAGR of 20.3% during the forecast period. The report on the engineering services outsourcing market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by cost savings from lower labor wages, reduced time to market and improved access to emerging markets, and growing focus on core competencies/lack of in-house expertise.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

Technavio's engineering services outsourcing market is segmented as below:

By End-user
  • Automotive
  • Consumer electronics
  • Telecom
  • Semiconductor
  • Others
By Sourcing
  • Offshore
  • Onshore
By Type
  • Designing
  • Prototyping
  • System integration
  • Testing
  • Others
By Geographical Landscape
  • North America
  • APAC
  • Europe
  • South America
  • Middle East and Africa
This study identifies the 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. Also, increasing digital transformation in organizations and growing adoption of artificial intelligence will lead to sizable demand in the market.

The report on the engineering services outsourcing market covers the following areas:
  • Engineering Services Outsourcing Market sizing
  • Engineering Services Outsourcing Market forecast
  • Engineering Services Outsourcing Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading engineering services outsourcing market vendors that include Altair Engineering Inc., Alten SA, Capgemini Services SAS, Cyient Ltd., Deaton Engineering Inc., EPAM Systems Inc., FEV Consulting GmbH, Flatworld Solutions Inc., HCL Technologies Ltd., Hitachi Ltd., Honeywell International Inc., Infosys Ltd., Leedeo Engineering S.L., Mahindra and Mahindra Ltd., Quest Global Services Pte. Ltd., Siemens AG, Sonata Software Ltd., SSA Business Solutions India, Tata Consultancy Services Ltd., and Wipro Ltd.. Also, the engineering services outsourcing market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Table of Contents

243 Pages
    • Market overview
    • Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
    • Criticality of inputs and Factors of differentiation
    • Factors of disruption
    • Impact of drivers and challenges
    • Market ecosystem
    • Market characteristics
    • Value chain analysis
    • Market definition
    • Market segment analysis
    • Market size 2024
    • Market outlook: Forecast for 2024-2029
    • Global Engineering Services Outsourcing Market 2019 - 2023
    • End-user segment analysis 2019 - 2023
    • Sourcing segment analysis 2019 - 2023
    • Type segment analysis 2019 - 2023
    • Geography segment analysis 2019 - 2023
    • Country segment analysis 2019 - 2023
    • Impact of AI on the global engineering services outsourcing market
    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition
    • Market segments
    • Comparison by End-user
    • Automotive - Market size and forecast 2024-2029
    • Consumer electronics - Market size and forecast 2024-2029
    • Telecom - Market size and forecast 2024-2029
    • Semiconductor - Market size and forecast 2024-2029
    • Others - Market size and forecast 2024-2029
    • Market opportunity by End-user
    • Market segments
    • Comparison by Sourcing
    • Offshore - Market size and forecast 2024-2029
    • Onshore - Market size and forecast 2024-2029
    • Market opportunity by Sourcing
    • Market segments
    • Comparison by Type
    • Designing - Market size and forecast 2024-2029
    • Prototyping - Market size and forecast 2024-2029
    • System integration - Market size and forecast 2024-2029
    • Testing - Market size and forecast 2024-2029
    • Others - Market size and forecast 2024-2029
    • Market opportunity by Type
    • Customer landscape overview
    • Geographic segmentation
    • Geographic comparison
    • North America - Market size and forecast 2024-2029
    • APAC - Market size and forecast 2024-2029
    • Europe - Market size and forecast 2024-2029
    • South America - Market size and forecast 2024-2029
    • Middle East and Africa - Market size and forecast 2024-2029
    • US - Market size and forecast 2024-2029
    • China - Market size and forecast 2024-2029
    • Germany - Market size and forecast 2024-2029
    • UK - Market size and forecast 2024-2029
    • Canada - Market size and forecast 2024-2029
    • India - Market size and forecast 2024-2029
    • France - Market size and forecast 2024-2029
    • Japan - Market size and forecast 2024-2029
    • South Korea - Market size and forecast 2024-2029
    • Italy - Market size and forecast 2024-2029
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Impact of drivers and challenges
    • Market opportunities/restraints
    • Overview
    • Competitive Landscape
    • Landscape disruption
    • Industry risks
    • Companies profiled
    • Company ranking index
    • Market positioning of companies
    • Altair Engineering Inc.
    • Alten SA
    • Capgemini Services SAS
    • Cyient Ltd.
    • Deaton Engineering Inc.
    • EPAM Systems Inc.
    • HCL Technologies Ltd.
    • Hitachi Ltd.
    • Honeywell International Inc.
    • Infosys Ltd.
    • Mahindra and Mahindra Ltd.
    • Siemens AG
    • Sonata Software Ltd.
    • Tata Consultancy Services Ltd.
    • Wipro Ltd.
    • Scope of the report
    • Inclusions and exclusions checklist
    • Currency conversion rates for US$
    • Research methodology
    • Data procurement
    • Data validation
    • Validation techniques employed for market sizing
    • Data synthesis
    • 360 degree market analysis
    • List of abbreviations
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