$ 187.99 Bn Growth in Engineering Services Outsourcing Market During 2021-2025 | Analysing growth for IT Consulting Industry | Technavio
NEW YORK, July 30, 2021 /PRNewswire/ --
Technavio's latest offering, Engineering Services Outsourcing Market report provides a detailed analysis on the competitive scenario, the pre- and post-COVID-19 impact on businesses, and the market growth across various regions.
The engineering services outsourcing market is estimated to grow by USD 187.99 billion during 2021-2025, growing at a CAGR of almost 23%.
Factors such as cost savings from lower labor wages, reduced time to market, and improved access to emerging markets will be crucial in driving the growth of the market. But the risk of intellectual property theft and misuse will restrict the market growth.
Growing focus on core competencies and the lack of in-house expertise will have a positive impact on the market. On the other hand, growing concerns over loss of business control and management of dispersed teams are huge challenges in the industry.
The engineering services outsourcing market report provides complete insights on key vendors including Accenture Plc, Altair Engineering Inc., ALTEN Group, Capgemini Services SAS, HCL Technologies Ltd., Infosys Ltd., RLE INTERNATIONAL Produktentwicklungsgesellschaft mbH, Tata Consultancy Services Ltd., Tech Mahindra Ltd., and Wipro Ltd.
The competitive scenario provided in the engineering services outsourcing market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.
Related Reports on Information Technology Include:
Global Document Outsourcing Market - Global document outsourcing market is segmented by outsourcing services (onsite contracted services, statement printing services, and DPO sevices) and geography (APAC, Europe, MEA, North America, and South America).
Global Procurement Outsourcing Market - Global procurement outsourcing market is segmented by geography (North America, Europe, APAC, South America, and MEA), end-user (BFSI, manufacturing, retail, IT and telecom, and others), and industry type (large enterprises and SMEs).
Key Topics Covered:
Five Forces Analysis
Market Segmentation by End-user
Market Segmentation by Sourcing
Technavio is a leading global technology research and advisory company. Their research and analysis focus 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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