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
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Technavio has announced its latest market research report titled Global Engineering Services Outsourcing Market 2020-2024 (Graphic: Business Wire)
Cost savings from lower labor wages is one of the major factors propelling market growth.
Engineering Services sourcing Market: Market Landscape
Based on the sourcing, the offshore additives segment is expected to witness lucrative growth during the forecast period.
Engineering Services Outsourcing Market: Geographic Landscape
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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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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Key Topics Covered:
Five Forces Analysis
Market Segmentation by End-user
Market opportunity by End-user
Drivers, Challenges, and Trends
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