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Jul 17, 2017 12:30 PM ET

$1.49 Trillion Engineering Services Outsourcing (ESO) Market Analysis 2014-2017 & 2025 – Focus on Aerospace, Automotive, Construction, Semiconductor, Pharmaceutical, Telecom Industries

iCrowdNewswire - Jul 17, 2017

The “Engineering Services Outsourcing (ESO) Market Analysis By Application (Aerospace, Automotive, Construction, Semiconductor, Pharmaceutical, Telecom), By Location, By Region, And Segment Forecasts, 2014 – 2025” report has been added to Research and Markets’ offering.

The Global engineering services outsourcing (ESO) market is expected to reach USD 1.49 trillion by 2025

ESO providers play a crucial role in providing mechanical, technical, and software support to their clients. Due to the growing complexity of product designing, prototyping, visual designing and engineering, and Product Lifecycle Management (PLM), the role of ESO vendors has become crucial to OEMs.

The engineering services outsourcing business was primarily aggregated under the Information Technology (IT) or the Business Process Outsourcing (BPO) industry. However, due to rapid technological advancement and growing demand, the ESO segment has evolved to expand its operation in the telecom, aerospace, automotive, healthcare, and other major verticals by spending heavily on product development and offering engineering expertise across various industries.

Multinationals based in the U.S., UK, Germany, France, and Japan among other developed nations are outsourcing services to countries such as India which provide skillful resources at lower prices.

The threat of Intellectual Property (IP) confidentiality breach is a barrier to the growing ESO demand. Companies have to be very vigilant to avoid IP theft, especially in a few offshore locations where prosecuting firms who allegedly misuse patents and confidential data is perceived as a difficult task due to the prevalent legal enforcements. IP theft results in significant losses for the business. As a result, the companies may not wish to share confidential data with engineering service providers.

The key industry participants include EPAM Systems, Inc., GlobalLogic, Infosys Limited, HCL Technologies Limited, Luxoft, QuEST Global Services Pte. Ltd., Tech Mahindra Limited, Wipro Limited, and Tata Consultancy Services Limited

Key Topics Covered:

1. Methodology and Scope

2. Executive Summary

3. ESO Industry Outlook

4. ESO Application Estimates & Trend Analysis

5. ESO Location Type Estimates & Trend Analysis

6. ESO Regional Estimates & Trend Analysis

7. Competitive Landscape

– Altair Engineering, Inc.
– Alten GmbH
– Altran Technologies S.A
– Aricent Group
– ASAP Holding GmbH
– AVL List GmbH
– Bertrandt
– Cybage Software Pvt. Ltd.
– EDAG Engineering GmbH
– EPAM Systems Inc.
– ESG Elektroniksystem- und Logistik-GmbH
– FEV Group
– Gigatronik Stuttgart GmbH
– GlobalLogic Inc.
– HCL Technologies Limited
– HORIBA, Ltd.
– IAV GmbH
– Infosys Limited
– ITK Engineering GmbH
– Kistler Instrumente AG
– Luxoft
– MBtech Group GmbH & Co. KGaA
– Mindfire Solutions
– Mindtree Ltd.
– MR Plan GmbH
– P Z Engineering GmbH
– P3 Automotive GmbH
– QuEST Global Services Pte. Ltd.
– RLE International, Inc.
– Sonata Software
– Tata Consultancy Services Limited
– Tata Elxsi Limited
– Tech Mahindra Limited
– Wipro Limited

For more information about this report visit https://www.researchandmarkets.com/research/9c35lc/engineering

Contact Information:

Research and Markets,
Laura Wood,
Senior Manager.
press@researchandmarkets.com
Fax from USA: 646-607-1907
Fax from rest of the world: +353-1-481-1716
Related Topics: Engineering (https://www.researchandmarkets.com/categories.asp?cat_id=50&campaign_id=9c35lc)

Via iCrowdNewswire
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