Astute Analytica, a leading market research firm, has recently published its latest research report on the global Engineering Services Outsourcing Market for the period 2023 to 2031. This survey study provides a detailed analysis of key market trends and offers valuable insights into the prospects of the industry.
The global engineering services outsourcing market is expected to record a revenue of US$ 6,802.92 Bn by the end of the year 2031, up from US$ 1,439.97 Bn in 2022. The market is growing at a compound annual growth rate (CAGR) of 19.67% during the forecast period of 2023–2031.
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The report serves as a bridge between qualitative and statistical data in the Engineering Services Outsourcing Market, presenting a comprehensive analysis of consumption and value historical data from 2023 to 2031, along with estimates for the future. It covers a wide range of topics, including supply-demand dynamics, market growth, improvement elements, business performance, economic indicators, and tactical suggestions. The report utilizes various statistical tools such as SWOT analysis, BCG analysis, and PESTLE analysis, presenting the data graphically for easy understanding.
In addition to providing data on market trends and developments, the study offers in-depth information on the evolution of the capital structure, technological advancements, and the capabilities of participants in the Engineering Services Outsourcing Market. It also highlights the strategies implemented in response to the current and future conditions of the industry.
Prominent Key Players
- Accenture
- AKKA Technologies
- Altair Engineering, Inc.
- ALTEN SA
- ASAP Holding GmbH
- Assystem
- AVL List GmbH
- Bertrandt
- Capgemini SE
- Cognizant
- Cyient
- EDAG
- ESI Group
- Ferchau
- Genpact
- Geometric
- HCL Technologies Limited
- IAV
- IGate
- Infosys
- IBM
- ITC Infotech
- KPIT
- L&T Technology Service
- Neilsoft
- QuEST Global
- Ranal Inc.
- Segula Technologies
- Semcon
- Tata Consultancy Services
- Tata Elxsi
- Tata Technologies
- Tech Mahindra
- Wipro
- Other Prominent Players
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Moreover, the report showcases the expansion potential of the Engineering Services Outsourcing Market for different product categories driven by crucial businesses. Each regional market is thoroughly examined to assess its growth, development, and future demand. The authors of the report provide detailed market potential estimates for major applications and identify emerging prospects.
Furthermore, the report includes a detailed analysis of Engineering Services Outsourcing product sales in major countries worldwide, offering a segmented outlook for each of these nations from 2023 to 2031.
Segmentation Analysis
The global engineering services outsourcing market is segmented into the following categories:
By Type:
- Product Designing
- Prototyping
- Process Designing
- System Integration
- Testing
- Quality Control
- Product Lifecycle Management
- Plant Automation & Enterprise Asset Management
By Location:
- On-Site
- Onshore
- Offshore
By Pricing Module:
- Staff Augmentation (FTE based)
- Time and Materia
- Fixed Price Projects
- Services
- Risk/ Rewards
By Industry:
- Aerospace
- Automotive
- Computing Systems
- Construction
- Consumer Electronics
- Energy
- Heavy Machinery
- Healthcare
- Industrial
- Medical Devices
- Semiconductors
- Telecom
- Others
By Region:
- North America
- The U.S.
- Canada
- Mexico
- Europe
- The UK
- Germany
- France
- Italy
- Spain
- Poland
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
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