Global Engineering Services Outsourcing Market 2023-2027

Description

List of Tables

The engineering services outsourcing market is forecasted to grow by USD 203.04 mn during 2022-2027, accelerating at a CAGR of 18.75% during the forecast period. The report on the engineering services outsourcing market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by cost savings from lower labor wages, reduced time to market and improved access to emerging markets, and a growing focus on core competencies/lack of in-house expertise.

Technavio's engineering services outsourcing market is segmented as below:

By End-user

Automotive
Consumer electronics
Telecom
Semiconductor
Others

By Sourcing

Offshore
Onshore

By Geographical Landscape

North America
APAC
Europe
South America
Middle East and Africa

This study identifies the collaborative co-innovation partnership with outsourcing firms as one of the prime reasons driving the engineering services outsourcing market growth during the next few years. Also, increasing digital transformation in organizations and the growing adoption of artificial intelligence will lead to sizable demand in the market.

The report on the engineering services outsourcing market covers the following areas:

Engineering services outsourcing market sizing
Engineering services outsourcing market forecast
Engineering services outsourcing market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading engineering services outsourcing market vendors that include Altair Engineering Inc., Alten SA, Capgemini Service SAS, Cyient Ltd., Deaton Engineering Inc., EPAM Systems Inc., FEV Consulting GmbH, Flatworld Solutions Pvt. Ltd., HCL Technologies Ltd., Hitachi Ltd., Honeywell International Inc., Infosys Ltd., Leedeo Engineering S.L., Mahindra and Mahindra Ltd., Quest Global Services Pte. Ltd., Siemens AG, Sonata Software Ltd., SSA Business Solutions India, Tata Consultancy Services Ltd., and Wipro Ltd.. Also, the engineering services outsourcing market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR40539

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 06: Executive Summary - Chart on Market Segmentation by Sourcing
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global engineering services outsourcing market 2017 - 2021
Exhibit 18: Historic Market Size - Data Table on global engineering services outsourcing market 2017 - 2021 ($ million)
4.2 End-user Segment Analysis 2017 - 2021
Exhibit 19: Historic Market Size - End-user Segment 2017 - 2021 ($ million)
4.3 Sourcing Segment Analysis 2017 - 2021
Exhibit 20: Historic Market Size - Sourcing Segment 2017 - 2021 ($ million)
4.4 Geography Segment Analysis 2017 - 2021
Exhibit 21: Historic Market Size - Geography Segment 2017 - 2021 ($ million)
4.5 Country Segment Analysis 2017 - 2021
Exhibit 22: Historic Market Size - Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

6.1 Market segments
Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)
6.2 Comparison by End-user
Exhibit 32: Chart on Comparison by End-user
Exhibit 33: Data Table on Comparison by End-user
6.3 Automotive - Market size and forecast 2022-2027
Exhibit 34: Chart on Automotive - Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Automotive - Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Automotive - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Automotive - Year-over-year growth 2022-2027 (%)
6.4 Consumer electronics - Market size and forecast 2022-2027
Exhibit 38: Chart on Consumer electronics - Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Consumer electronics - Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Consumer electronics - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Consumer electronics - Year-over-year growth 2022-2027 (%)
6.5 Telecom - Market size and forecast 2022-2027
Exhibit 42: Chart on Telecom - Market size and forecast 2022-2027 ($ million)
Exhibit 43: Data Table on Telecom - Market size and forecast 2022-2027 ($ million)
Exhibit 44: Chart on Telecom - Year-over-year growth 2022-2027 (%)
Exhibit 45: Data Table on Telecom - Year-over-year growth 2022-2027 (%)
6.6 Semiconductor - Market size and forecast 2022-2027
Exhibit 46: Chart on Semiconductor - Market size and forecast 2022-2027 ($ million)
Exhibit 47: Data Table on Semiconductor - Market size and forecast 2022-2027 ($ million)
Exhibit 48: Chart on Semiconductor - Year-over-year growth 2022-2027 (%)
Exhibit 49: Data Table on Semiconductor - Year-over-year growth 2022-2027 (%)
6.7 Others - Market size and forecast 2022-2027
Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ million)
Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ million)
Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)
6.8 Market opportunity by End-user
Exhibit 54: Market opportunity by End-user ($ million)
Exhibit 55: Data Table on Market opportunity by End-user ($ million)

7 Market Segmentation by Sourcing

7.1 Market segments
Exhibit 56: Chart on Sourcing - Market share 2022-2027 (%)
Exhibit 57: Data Table on Sourcing - Market share 2022-2027 (%)
7.2 Comparison by Sourcing
Exhibit 58: Chart on Comparison by Sourcing
Exhibit 59: Data Table on Comparison by Sourcing
7.3 Offshore - Market size and forecast 2022-2027
Exhibit 60: Chart on Offshore - Market size and forecast 2022-2027 ($ million)
Exhibit 61: Data Table on Offshore - Market size and forecast 2022-2027 ($ million)
Exhibit 62: Chart on Offshore - Year-over-year growth 2022-2027 (%)
Exhibit 63: Data Table on Offshore - Year-over-year growth 2022-2027 (%)
7.4 Onshore - Market size and forecast 2022-2027
Exhibit 64: Chart on Onshore - Market size and forecast 2022-2027 ($ million)
Exhibit 65: Data Table on Onshore - Market size and forecast 2022-2027 ($ million)
Exhibit 66: Chart on Onshore - Year-over-year growth 2022-2027 (%)
Exhibit 67: Data Table on Onshore - Year-over-year growth 2022-2027 (%)
7.5 Market opportunity by Sourcing
Exhibit 68: Market opportunity by Sourcing ($ million)
Exhibit 69: Data Table on Market opportunity by Sourcing ($ million)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 71: Chart on Market share By Geographical Landscape 2022-2027 (%)
Exhibit 72: Data Table on Market share By Geographical Landscape 2022-2027 (%)
9.2 Geographic comparison
Exhibit 73: Chart on Geographic comparison
Exhibit 74: Data Table on Geographic comparison
9.3 North America - Market size and forecast 2022-2027
Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)
9.4 APAC - Market size and forecast 2022-2027
Exhibit 79: Chart on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 80: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 81: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 82: Data Table on APAC - Year-over-year growth 2022-2027 (%)
9.5 Europe - Market size and forecast 2022-2027
Exhibit 83: Chart on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 84: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 85: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 86: Data Table on Europe - Year-over-year growth 2022-2027 (%)
9.6 South America - Market size and forecast 2022-2027
Exhibit 87: Chart on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 88: Data Table on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 89: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 90: Data Table on South America - Year-over-year growth 2022-2027 (%)
9.7 Middle East and Africa - Market size and forecast 2022-2027
Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
9.8 US - Market size and forecast 2022-2027
Exhibit 95: Chart on US - Market size and forecast 2022-2027 ($ million)
Exhibit 96: Data Table on US - Market size and forecast 2022-2027 ($ million)
Exhibit 97: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 98: Data Table on US - Year-over-year growth 2022-2027 (%)
9.9 China - Market size and forecast 2022-2027
Exhibit 99: Chart on China - Market size and forecast 2022-2027 ($ million)
Exhibit 100: Data Table on China - Market size and forecast 2022-2027 ($ million)
Exhibit 101: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 102: Data Table on China - Year-over-year growth 2022-2027 (%)
9.10 Germany - Market size and forecast 2022-2027
Exhibit 103: Chart on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 104: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 105: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibit 106: Data Table on Germany - Year-over-year growth 2022-2027 (%)
9.11 India - Market size and forecast 2022-2027
Exhibit 107: Chart on India - Market size and forecast 2022-2027 ($ million)
Exhibit 108: Data Table on India - Market size and forecast 2022-2027 ($ million)
Exhibit 109: Chart on India - Year-over-year growth 2022-2027 (%)
Exhibit 110: Data Table on India - Year-over-year growth 2022-2027 (%)
9.12 Poland - Market size and forecast 2022-2027
Exhibit 111: Chart on Poland - Market size and forecast 2022-2027 ($ million)
Exhibit 112: Data Table on Poland - Market size and forecast 2022-2027 ($ million)
Exhibit 113: Chart on Poland - Year-over-year growth 2022-2027 (%)
Exhibit 114: Data Table on Poland - Year-over-year growth 2022-2027 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 115: Market opportunity By Geographical Landscape ($ million)
Exhibit 116: Data Tables on Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 117: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 119: Overview on factors of disruption
11.4 Industry risks
Exhibit 120: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 121: Vendors covered
12.2 Market positioning of vendors
Exhibit 122: Matrix on vendor position and classification
12.3 Altair Engineering Inc.
Exhibit 123: Altair Engineering Inc. - Overview
Exhibit 124: Altair Engineering Inc. - Business segments
Exhibit 125: Altair Engineering Inc. - Key offerings
Exhibit 126: Altair Engineering Inc. - Segment focus
12.4 Alten SA
Exhibit 127: Alten SA - Overview
Exhibit 128: Alten SA - Product / Service
Exhibit 129: Alten SA - Key news
Exhibit 130: Alten SA - Key offerings
12.5 Capgemini Service SAS
Exhibit 131: Capgemini Service SAS - Overview
Exhibit 132: Capgemini Service SAS - Business segments
Exhibit 133: Capgemini Service SAS - Key news
Exhibit 134: Capgemini Service SAS - Key offerings
Exhibit 135: Capgemini Service SAS - Segment focus
12.6 Cyient Ltd.
Exhibit 136: Cyient Ltd. - Overview
Exhibit 137: Cyient Ltd. - Business segments
Exhibit 138: Cyient Ltd. - Key offerings
Exhibit 139: Cyient Ltd. - Segment focus
12.7 Deaton Engineering Inc.
Exhibit 140: Deaton Engineering Inc. - Overview
Exhibit 141: Deaton Engineering Inc. - Product / Service
Exhibit 142: Deaton Engineering Inc. - Key offerings
12.8 EPAM Systems Inc.
Exhibit 143: EPAM Systems Inc. - Overview
Exhibit 144: EPAM Systems Inc. - Business segments
Exhibit 145: EPAM Systems Inc. - Key offerings
Exhibit 146: EPAM Systems Inc. - Segment focus
12.9 HCL Technologies Ltd.
Exhibit 147: HCL Technologies Ltd. - Overview
Exhibit 148: HCL Technologies Ltd. - Business segments
Exhibit 149: HCL Technologies Ltd. - Key news
Exhibit 150: HCL Technologies Ltd. - Key offerings
Exhibit 151: HCL Technologies Ltd. - Segment focus
12.10 Hitachi Ltd.
Exhibit 152: Hitachi Ltd. - Overview
Exhibit 153: Hitachi Ltd. - Business segments
Exhibit 154: Hitachi Ltd. - Key news
Exhibit 155: Hitachi Ltd. - Key offerings
Exhibit 156: Hitachi Ltd. - Segment focus
12.11 Honeywell International Inc.
Exhibit 157: Honeywell International Inc. - Overview
Exhibit 158: Honeywell International Inc. - Business segments
Exhibit 159: Honeywell International Inc. - Key news
Exhibit 160: Honeywell International Inc. - Key offerings
Exhibit 161: Honeywell International Inc. - Segment focus
12.12 Infosys Ltd.
Exhibit 162: Infosys Ltd. - Overview
Exhibit 163: Infosys Ltd. - Business segments
Exhibit 164: Infosys Ltd. - Key news
Exhibit 165: Infosys Ltd. - Key offerings
Exhibit 166: Infosys Ltd. - Segment focus
12.13 Mahindra and Mahindra Ltd.
Exhibit 167: Mahindra and Mahindra Ltd. - Overview
Exhibit 168: Mahindra and Mahindra Ltd. - Business segments
Exhibit 169: Mahindra and Mahindra Ltd. - Key news
Exhibit 170: Mahindra and Mahindra Ltd. - Key offerings
Exhibit 171: Mahindra and Mahindra Ltd. - Segment focus
12.14 Siemens AG
Exhibit 172: Siemens AG - Overview
Exhibit 173: Siemens AG - Business segments
Exhibit 174: Siemens AG - Key news
Exhibit 175: Siemens AG - Key offerings
Exhibit 176: Siemens AG - Segment focus
12.15 Sonata Software Ltd.
Exhibit 177: Sonata Software Ltd. - Overview
Exhibit 178: Sonata Software Ltd. - Business segments
Exhibit 179: Sonata Software Ltd. - Key news
Exhibit 180: Sonata Software Ltd. - Key offerings
Exhibit 181: Sonata Software Ltd. - Segment focus
12.16 Tata Consultancy Services Ltd.
Exhibit 182: Tata Consultancy Services Ltd. - Overview
Exhibit 183: Tata Consultancy Services Ltd. - Business segments
Exhibit 184: Tata Consultancy Services Ltd. - Key news
Exhibit 185: Tata Consultancy Services Ltd. - Key offerings
Exhibit 186: Tata Consultancy Services Ltd. - Segment focus
12.17 Wipro Ltd.
Exhibit 187: Wipro Ltd. - Overview
Exhibit 188: Wipro Ltd. - Business segments
Exhibit 189: Wipro Ltd. - Key news
Exhibit 190: Wipro Ltd. - Key offerings
Exhibit 191: Wipro Ltd. - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 192: Inclusions checklist
Exhibit 193: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 194: Currency conversion rates for US$
13.4 Research methodology
Exhibit 195: Research methodology
Exhibit 196: Validation techniques employed for market sizing
Exhibit 197: Information sources
13.5 List of abbreviations
Exhibit 198: List of abbreviations