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Insights on the Engineering Services Outsourcing Market: COVID-19 Industry Analysis, Market Growth, Opportunities, and Forecast 2020-2024 | Technavio
[November 30, 2020]

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

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201130005002/en/

Technavio has announced its latest market research report titled Global Engineering Services Outsourcing Market 2020-2024 (Graphic: Business Wire)

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.

More details: https://www.technavio.com/report/engineering-services-outsourcing-market-industry-analysis

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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Companies Covered:

  • Accenture
  • Altair Engineering
  • Inc.
  • Alten GmbH
  • Aricent Group
  • HCL Technologies (News - Alert)
  • Infosys
  • RLE International Group
  • TCS
  • Tech Mahindra Ltd.
  • Wipro

What our reports offer:


  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers market data for 2019, 2020, until 2024
  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

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:

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019-2024

Five Forces Analysis

  • Five Forces Summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by End-user

  • Market segments
  • Comparison by End-user placement
  • Automotive - Market size and forecast 2019-2024
  • Consumer electronic - Market size and forecast 2019-2024
  • Telecom - Market size and forecast 2019-2024
  • Semiconductor - Market size and forecast 2019-2024
  • Aerospace - Market size and forecast 2019-2024
  • Medical devices - Market size and forecast 2019-2024
  • Construction - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024

Market opportunity by End-user

  • Market Segmentation by Other 1
  • Market segments
  • Comparison by Other1 placement
  • Offshore - Market size and forecast 2019-2024
  • Onshore - Market size and forecast 2019-2024
  • Market opportunity by Other1

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver - Demand led growth
  • Volume driver - Supply led growth
  • Volume driver - External factors
  • Volume driver - Demand shift in adjacent markets
  • Price driver - Inflation
  • Price driver - Shift from lower to higher-priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Accenture
  • Altair Engineering, Inc.
  • Alten GmbH
  • Aricent (News - Alert) Group
  • HCL Technologies
  • Infosys
  • RLE International Group
  • TCS
  • Tech Mahindra Ltd.
  • Wipro (News - Alert)

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.


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