Industry Insights
The global Engineering Services Outsourcing market (ESO) is expected
to exhibit considerable growth over the forecast period. This can be
attributed to constrained R&D budget due increased cost pressures.
Dynamic consumer behavior resulting in shorter product life cycles is
also expected to favorably impact engineering services outsourcing
market growth. In addition, several factors including improvement in
processes, enhanced efficiency, reduced time-to-market and cost
advantage may also spur engineering services outsourcing market growth
over the next few years.
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Aerospace and automotive OEMs (Original Equipment Manufacturers)
emphasize on increasing and strengthening associations and tie-ups with
engineering services outsourcing vendors due to the need to focus on
crucial R&D activities. Security threats and issues pertaining to
confidentiality that primarily revolve around intellectual property (IP)
may pose a challenge to engineering services outsourcing market growth.
End-Use Insights
Several industries including telecom, pharmaceuticals,
semiconductors, consumer electronics, automotive, construction and
aerospace outsource their specific engineering tasks. Engineering
services outsourcing vendors cater to diverse requirements of the
aforementioned industries, which thereby drives the market growth. Aero
engines design, aero systems & interiors, aero structures design,
avionics and manufacturing are a few solutions provided by ESO vendors
to the aerospace companies.
Consumer electronics is expected to emerge as a fast growing end-use
segment, which can be attributed to reduction in product life cycles and
growing need for faster product innovation. ESO demand across the
pharmaceutical sector due to availability of several solutions such as
ideation, prototyping, packaging, value analysis and preclinical testing
is also expected to positively impact engineering outsourcing services
market growth. In 2013, engineering outsourcing services demand in the
telecom industry accounted for over 20% of the overall market share.
Telecom service providers implement operations and business support
systems (BSS) to ensure smooth business operations, which makes
significant back-end expertise and equipment a primary requirement, thus
driving the adoption of ESO in systems. Solutions offered by ESO
vendors for the telecom industry include design, network testing,
implementation, deployment and support of Geographic Information Systems
(GIS) systems, cloud engineering services, network provisioning,
product lifecycle management (PLM) and value added services.
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Regional Insights
In terms of revenue, Asia Pacific emerged as the market leader in
2013, and contributed over 50% to the overall market. The region is also
expected to witness the highest growth over the forecast period.
Emerging local demand, large talent pool, cost arbitrage and strong
manufacturing base in China and India have significantly driven
engineering services outsourcing market growth in this region. Europe is
also expected to witness considerable growth due to an inclination
among several European firms to outsource engineering services within
the Western European nations or the same country so as to ensure
regulatory compliance. The regional market is expected to grow at an
estimated CAGR of 25% over the next six years, which in turn will drive
engineering services outsourcing market growth.
Table of Contents
Chapter 1. Executive Summary
1.1. Engineering Services Outsourcing - Industry Summary and Critical Success Factors (CSFs)
Chapter 2. ESO Industry Outlook
2.1. Market Segmentation
2.2. Market Size and Growth Prospects
2.3. ESO Value Chain Analysis
2.4. ESO Market Dynamics
2.5. Key Opportunities Prioritized
2.6. Industry Analysis - Porter's
2.7. ESO - Company Market Share Analysis, 2013
2.8. ESO Market PESTEL Analysis, 2013
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3.1. Aerospace
3.2. Automotive
3.3. Construction
3.4. Consumer Electronics
3.5. Semiconductors
3.6. Pharmaceuticals
3.7. Telecom
3.8. Others
4.1. North America
4.2. Europe
4.3. Asia Pacific
4.4. RoW
5.1 Aricent Group
5.2 Calsoft Labs
5.3 Cybage Software Pvt. Ltd.
5.4 Cyient (Infotech Enterprises Ltd.)
5.5 EPAM Systems Inc.
5.6 GlobalLogic Inc.
5.7 HCL Technologies Ltd.
6.1. Research Methodology
6.2. Research Scope & Assumption
6.3. List of Data Sources
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Nice information. This information is really helpful for R&D services and outsourcing
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