2025 Global Engineering Services Outsourcing (ESO) Market And Trend Analysis Research Report:Radiant Insights, Inc

The Global engineering services outsourcing (ESO) market is expected to reach USD 1.49 trillion by 2025, according to a new report by Radiant Insights, Inc. 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.

Further key findings from the report suggest:

  • Growing at a CAGR of around 30% over the forecast period, the offshore ESO segment is expected to account for a greater revenue share of the total market by 2025
  • In 2016, the estimated size of the onshore ESO segment was around USD 70 billion
  • The aerospace, consumer electronics, and telecom ESO segments are expected to witness a robust growth
  • The aerospace ESO segment is expected to account for over 13% of the total revenue share by 2025 and is projected to be the fastest-growing over the forecast period
  • Asia Pacific accounted for the largest market share of the global ESO industry in 2016; China, India, Vietnam, and the Philippines were the most sought after global outsourcing destinations
  • 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

To Access Browse Full Research Report @:
http://www.radiantinsights.com/research/engineering-services-outsourcing-eso-market

Table of Contents

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources

Chapter 2. Executive Summary
2.1. Engineering Services Outsourcing (ESO) – Industry Snapshot & Key Buying Criteria, 2014 – 2025

Chapter 3. ESO Industry Outlook
3.1. Market Segmentation & Scope
3.2. ESO Market Size and Growth Prospects
3.3. Outsourcing Classification
3.4. ESO – Value Chain Analysis
3.5. ESO Services Evolution
3.6. Market Dynamics
3.6.1. Market driver analysis
3.6.1.1. Increased tie-ups between automotive OEMs and suppliers
3.6.1.2. Cost reduction pressure
3.6.1.3. Shorter product lifecycle
3.6.2. Market restraint analysis
3.6.2.1. Intellectual Property (IP) confidentiality and security threats
3.7. Key Opportunities – Prioritized

To Access Request A Sample Copy Of This Report at:  http://www.radiantinsights.com/research/engineering-services-outsourcing-eso-market/request-sample

About Radiant Insights:
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.

Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Email: sales@radiantinsights.com
Phone: (415) 349-0054
Address: 28 2nd Street, Suite 3036
City: San Francisco
State: California
Country: United States
For more information, Visit: http://www.radiantinsights.com

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