Product Code: 978-1-68038-236-5
Engineering Services Outsourcing Market Growth & Trends
The global engineering services outsourcing market size is expected to reach USD 5.50 trillion by 2028, according to a new report by Grand View Research, Inc. The market is anticipated to register a CAGR of 22.9% from 2021 to 2028. The globalization of Research and Development (R&D), easy availability of low-cost labor and skilled professionals, and increasing adoption of information technology and smart technologies in various end-use industries are some of the factors that are expected to drive the growth of the market for engineering services outsourcing (ESO) over the forecast period.
The market has been evolving continuously in line with the advances in sensing, connected computing, artificial intelligence, and the internet of things (IoT), among other technologies. The intensifying competition to provide state-of-the-art solutions is prompting service providers to invest aggressively in R&D. Key ESO players are also putting a strong emphasis on Mergers and Acquisitions (M&A) and strengthening the existing tie-ups with their clients to tap new business opportunities. For instance, in November 2020, Tata Consultancy Services Limited, global IT services, and business solutions provider based in India announced an agreement to acquire 100% of the shares of Postbank Systems AG, one of the prominent IT service providers based in Germany, from Deutsche Bank AG. Tata Consultancy Services Limited already happens to be Deutsche Bank AG's trusted IT service partner and the acquisition would deepen the partnership further while allowing the company to strengthen its operations in Germany.
The outbreak of the COVID-19 pandemic and the subsequent lockdowns implemented in various countries across the world at the beginning of 2020 to arrest the spread of the disease had a varying impact on the ESO market depending on the end-use industry. For instance, industries and industry verticals, such as automotive, and aerospace, among others, were adversely affected owing to the temporary shutdown of industrial facilities, production units, public transportation, and logistics operations. On the contrary, the pharmaceutical and healthcare industry was relatively unaffected as healthcare companies focused on the development of advanced personal protective equipment (PPE) and testing kits, while pharmaceutical companies embarked upon the development of COVID-19 vaccines.
Engineering Services Outsourcing Market Report Highlights
- The designing segment is anticipated to register the highest CAGR of around 25.0% over the forecast period
- The industrial segment accounted for the largest revenue share in 2020 and is anticipated to continue dominating the market over the forecast period
- The Asia Pacific ESO market is expected to account for the largest revenue share of over 40.0% in 2020 owing to the easy availability of relatively low-cost and skilled resources in countries, such as India, China, the Philippines, and other East Asian countries
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market Segmentation & Scope
- 1.2 Market Definitions
- 1.3 Information Procurement
- 1.3.1 Purchased database
- 1.3.2 GVR'S internal database
- 1.3.3 Secondary sources & third party perspective
- 1.3.4 Primary research
- 1.4 Information Analysis
- 1.4.1 Data analysis models
- 1.5 Market Formulation and Data Visualization
- 1.6 Data Validation and Publishing
Chapter 2 Executive Summary
- 2.1 Market Outlook
- 2.2 Segmental Outlook
- 2.3 Competitive Insights
Chapter 3 Market Variables, Trends & Scope
- 3.1 Market Introduction
- 3.2 Industry Value Chain Analysis
- 3.3 Market Dynamics
- 3.3.1 Market driver analysis
- 3.3.2 Market restraint/challenges analysis
- 3.3.3 Industry opportunities
- 3.4 Penetration & Growth Prospect Mapping
- 3.5 Business Environment Analysis Tools
- 3.5.1 Porter's five forces analysis
- 3.5.2 Pest analysis
Chapter 4 Service Estimates and Trend Analysis
- 4.1 Market Size Estimates & Forecasts and Trend Analysis, 2016 - 2028 (USD Billion)
- 4.2 Service Movement Analysis & Market Share, 2020 & 2028
- 4.3 Designing
- 4.3.1 Market size estimates and forecasts, 2016 - 2028 (USD Billion)
- 4.4 Prototyping
- 4.4.1 Market size estimates and forecasts, 2016 - 2028 (USD Billion)
- 4.5 System Integration
- 4.5.1 Market size estimates and forecasts, 2016 - 2028 (USD Billion)
- 4.6 Testing
- 4.6.1 Market size estimates and forecasts, 2016 - 2028 (USD Billion)
- 4.7 Others
- 4.7.1 Market size estimates and forecasts, 2016 - 2028 (USD Billion)
Chapter 5 Location Estimates and Trend Analysis
- 5.1 Market Size Estimates & Forecasts and Trend Analysis, 2016 - 2028 (USD Billion)
- 5.2 Location Movement Analysis & Market Share, 2020 & 2028
- 5.3 Onshore
- 5.3.1 Market size estimates and forecasts, 2016 - 2028 (USD Billion)
- 5.4 Offshore
- 5.4.1 Market size estimates and forecasts, 2016 - 2028 (USD Billion)
Chapter 6 Application Estimates and Trend Analysis
- 6.1 Market Size Estimates & Forecasts and Trend Analysis, 2016 - 2028 (USD Billion)
- 6.2 Application Movement Analysis & Market Share, 2020 & 2028
- 6.3 Aerospace
- 6.3.1 Market size estimates and forecasts, 2016 - 2028 (USD Billion)
- 6.4 Automotive
- 6.4.1 Market size estimates and forecasts, 2016 - 2028 (USD Billion)
- 6.5 Industrial
- 6.5.1 Market size estimates and forecasts, 2016 - 2028 (USD Billion)
- 6.6 Consumer electronics
- 6.6.1 Market size estimates and forecasts, 2016 - 2028 (USD Billion)
- 6.7 Semiconductors
- 6.7.1 Market size estimates and forecasts, 2016 - 2028 (USD Billion)
- 6.8 Healthcare
- 6.8.1 Market size estimates and forecasts, 2016 - 2028 (USD Billion)
- 6.9 Telecom
- 6.9.1 Market size estimates and forecasts, 2016 - 2028 (USD Billion)
- 6.10 Others
- 6.10.1 Market size estimates and forecasts, 2016 - 2028 (USD Billion)
Chapter 7 Regional Estimates & Trend Analysis
- 7.1 Engineering Services Outsourcing market by region, 2020 & 2028
- 7.2 Regional Movement Analysis & Market Share, 2020 & 2028
- 7.3 North America
- 7.3.1 North America ESO market by services, 2016 - 2028 (USD Billion)
- 7.3.2 North America ESO market by location, 2016 - 2028 (USD Billion)
- 7.3.3 North America ESO market by application, 2016 - 2028 (USD Billion)
- 7.3.4 U.S.
- 7.3.4.1 U.S. ESO market by services, 2016 - 2028 (USD Billion)
- 7.3.4.2 U.S. ESO market by location, 2016 - 2028 (USD Billion)
- 7.3.4.3 U.S. ESO market by application, 2016 - 2028 (USD Billion)
- 7.3.5 Canada
- 7.3.5.1 Canada ESO market by services, 2016 - 2028 (USD Billion)
- 7.3.5.2 Canada ESO market by location, 2016 - 2028 (USD Billion)
- 7.3.5.3 Canada ESO market by application, 2016 - 2028 (USD Billion)
- 7.3.6 Mexico
- 7.3.6.1 Mexico ESO market by services, 2016 - 2028 (USD Billion)
- 7.3.6.2 Mexico ESO market by location, 2016 - 2028 (USD Billion)
- 7.3.6.3 Mexico ESO market by application, 2016 - 2028 (USD Billion)
- 7.4 Europe
- 7.4.1 Europe ESO market by services, 2016 - 2028 (USD Billion)
- 7.4.2 Europe ESO market by location, 2016 - 2028 (USD Billion)
- 7.4.3 Europe ESO market by application, 2016 - 2028 (USD Billion)
- 7.4.4 U.K.
- 7.4.4.1 U.K. ESO market by services, 2016 - 2028 (USD Billion)
- 7.4.4.2 U.K. ESO market by location, 2016 - 2028 (USD Billion)
- 7.4.4.3 U.K. ESO market by application, 2016 - 2028 (USD Billion)
- 7.4.5 Germany
- 7.4.5.1 Germany ESO market by services, 2016 - 2028 (USD Billion)
- 7.4.5.2 Germany ESO market by location, 2016 - 2028 (USD Billion)
- 7.4.5.3 Germany ESO market by application, 2016 - 2028 (USD Billion)
- 7.4.6 France
- 7.4.6.1 France ESO market by services, 2016 - 2028 (USD Billion)
- 7.4.6.2 France ESO market by location, 2016 - 2028 (USD Billion)
- 7.4.6.3 France ESO market by application, 2016 - 2028 (USD Billion)
- 7.5 Asia Pacific
- 7.5.1 Asia Pacific ESO market by services, 2016 - 2028 (USD Billion)
- 7.5.2 Asia Pacific ESO market by location, 2016 - 2028 (USD Billion)
- 7.5.3 Asia Pacific ESO market by application, 2016 - 2028 (USD Billion)
- 7.5.4 China
- 7.5.4.1 China ESO market by services, 2016 - 2028 (USD Billion)
- 7.5.4.2 China ESO market by location, 2016 - 2028 (USD Billion)
- 7.5.4.3 China ESO market by application, 2016 - 2028 (USD Billion)
- 7.5.5 India
- 7.5.5.1 India ESO market by services, 2016 - 2028 (USD Billion)
- 7.5.5.2 India ESO market by location, 2016 - 2028 (USD Billion)
- 7.5.5.3 India ESO market by application, 2016 - 2028 (USD Billion)
- 7.5.6 Japan
- 7.5.6.1 Japan ESO market by services, 2016 - 2028 (USD Billion)
- 7.5.6.2 Japan ESO market by location, 2016 - 2028 (USD Billion)
- 7.5.6.3 Japan ESO market by application, 2016 - 2028 (USD Billion)
- 7.6 South America
- 7.6.1 South America ESO market by services, 2016 - 2028 (USD Billion)
- 7.6.2 South America ESO market by location, 2016 - 2028 (USD Billion)
- 7.6.3 South America ESO market by application, 2016 - 2028 (USD Billion)
- 7.6.4 Brazil
- 7.6.4.1 Brazil ESO market by services, 2016 - 2028 (USD Billion)
- 7.6.4.2 Brazil ESO market by location, 2016 - 2028 (USD Billion)
- 7.6.4.3 Brazil ESO market by application, 2016 - 2028 (USD Billion)
- 7.7 Middle East & Africa (MEA)
- 7.7.1 MEA ESO market by services, 2016 - 2028 (USD Billion)
- 7.7.2 MEA ESO market by location, 2016 - 2028 (USD Billion)
- 7.7.3 MEA ESO market by application, 2016 - 2028 (USD Billion)
Chapter 8 Competitive Analysis
- 8.1 Key Global Players, Recent Developments & Their Impact on the Industry
- 8.2 Key Company/Competition Categorization (Key Innovators, Market Leaders, Emerging Players)
- 8.3 Key Company Ranking Analysis, 2020
Chapter 9 Competitive Landscape
- 9.1 ALTEN Group
- 9.1.1 Company overview
- 9.1.2 Financial performance
- 9.1.3 Service benchmarking
- 9.1.4 Recent developments
- 9.2 Altair Engineering, Inc.
- 9.2.1 Company overview
- 9.2.2 Financial performance
- 9.2.3 Service benchmarking
- 9.2.4 Recent developments
- 9.3 Altran
- 9.3.1 Company overview
- 9.3.2 Financial performance
- 9.3.3 Service benchmarking
- 9.3.4 Recent developments
- 9.4 ASAP Holding GmbH
- 9.4.1 Company overview
- 9.4.2 Financial performance
- 9.4.3 Service benchmarking
- 9.4.4 Recent developments
- 9.5 AVL List GmbH
- 9.5.1 Company overview
- 9.5.2 Financial performance
- 9.5.3 Service benchmarking
- 9.5.4 Recent developments
- 9.6 AKKA Technologies
- 9.6.1 Company overview
- 9.6.2 Financial performance
- 9.6.3 Service benchmarking
- 9.6.4 Recent developments
- 9.7 Bertrandt AG
- 9.7.1 Company overview
- 9.7.2 Financial performance
- 9.7.3 Service benchmarking
- 9.7.4 Recent developments
- 9.8 EDAG Group
- 9.8.1 Company overview
- 9.8.2 Financial performance
- 9.8.3 Service benchmarking
- 9.8.4 Recent developments
- 9.9 ESG Elektroniksystem- und Logistik-GmbH
- 9.9.1 Company overview
- 9.9.2 Financial performance
- 9.9.3 Service benchmarking
- 9.9.4 Recent developments
- 9.10 FEV Group GmbH
- 9.10.1 Company overview
- 9.10.2 Financial performance
- 9.10.3 Service benchmarking
- 9.10.4 Recent developments
- 9.11 Horiba, Ltd.
- 9.11.1 Company overview
- 9.11.2 Financial performance
- 9.11.3 Service benchmarking
- 9.11.4 Recent developments
- 9.12 IAV
- 9.12.1 Company overview
- 9.12.2 Financial performance
- 9.12.3 Service benchmarking
- 9.12.4 Recent developments
- 9.13 ITK Engineering GmbH
- 9.13.1 Company overview
- 9.13.2 Financial performance
- 9.13.3 Service benchmarking
- 9.13.4 Recent developments
- 9.14 Kistler Group
- 9.14.1 Company overview
- 9.14.2 Financial performance
- 9.14.3 Service benchmarking
- 9.14.4 Recent developments
- 9.15 M Plan GmbH
- 9.15.1 Company overview
- 9.15.2 Financial performance
- 9.15.3 Service benchmarking
- 9.15.4 Recent developments
- 9.16 Arrk Group
- 9.16.1 Company overview
- 9.16.2 Financial performance
- 9.16.3 Service benchmarking
- 9.16.4 Recent developments
- 9.17 P3 Automotive GmbH
- 9.17.1 Company overview
- 9.17.2 Financial performance
- 9.17.3 Service benchmarking
- 9.17.4 Recent developments
- 9.18 RLE International Inc.
- 9.18.1 Company overview
- 9.18.2 Financial performance
- 9.18.3 Service benchmarking
- 9.18.4 Recent developments
- 9.19 Cybage Software Pvt. Ltd
- 9.19.1 Company overview
- 9.19.2 Financial performance
- 9.19.2 Service benchmarking
- 9.19.4 Recent Developments
- 9.20 Cyient (Infotech Enterprises Ltd.)
- 9.20.1 Company overview
- 9.20.2 Financial performance
- 9.20.3 Service benchmarking
- 9.20.4 Strategic initiatives
- 9.21 Epam Systems Inc.
- 9.21.1 Company overview
- 9.21.2 Financial performance
- 9.21.3 Service benchmarking
- 9.21.4 Strategic initiatives
- 9.22 Globallogic
- 9.22.1 Company overview
- 9.22.2 Financial performance
- 9.22.3 Service benchmarking
- 9.22.4 Strategic initiatives
- 9.23 HCL Technologies Limited
- 9.23.1 Company overview
- 9.23.2 Financial performance
- 9.23.3 Service benchmarking
- 9.23.4 Strategic initiatives
- 9.24 Infosys Limited
- 9.24.1 Company overview
- 9.24.2 Financial performance
- 9.24.3 Service benchmarking
- 9.24.4 Strategic initiatives
- 9.25 KPIT
- 9.25.1 Company overview
- 9.25.2 Financial performance
- 9.25.3 Service benchmarking
- 9.25.4 Strategic Initiatives
- 9.26 Luxoft
- 9.26.1 Company Overview
- 9.26.2 Financial Performance
- 9.26.3 Service Benchmarking
- 9.26.4 Strategic initiatives
- 9.27 Mindtree Ltd.
- 9.27.1 Company overview
- 9.27.2 Financial performance
- 9.27.3 Service benchmarking
- 9.27.4 Strategic initiatives
- 9.28 Mindfire Solutions
- 9.28.1 Company overview
- 9.28.2 Financial performance
- 9.28.3 Service benchmarking
- 9.28.4 Recent developments
- 9.29 Dalian Wensi Haihui Information Technology Co., Ltd (Pactera)
- 9.29.1 Company overview
- 9.29.2 Financial performance
- 9.29.3 Service benchmarking
- 9.29.4 Recent developments
- 9.30 Quest Global Services Pte. Ltd.
- 9.30.1 Company overview
- 9.30.2 Financial performance
- 9.30.3 Service benchmarking
- 9.30.4 Recent developments
- 9.31 Sonata Software
- 9.31.1 Company overview
- 9.31.2 Financial performance
- 9.31.3 Service benchmarking
- 9.31.4 Recent developments
- 9.32 Tata Elxsi Limited
- 9.32.1 Company overview
- 9.32.2 Financial performance
- 9.32.3 Service benchmarking
- 9.32.4 Recent developments
- 9.33 Tata Consultancy Services Limited
- 9.33.1 Company overview
- 9.33.2 Financial performance
- 9.33.3 Service benchmarking
- 9.33.4 Recent developments
- 9.34 Tech Mahindra Limited
- 9.34.1 Company overview
- 9.34.2 Financial performance
- 9.34.3 Service benchmarking
- 9.34.4 Recent developments
- 9.35 Wipro Limited
- 9.35.1 Company overview
- 9.35.2 Financial performance
- 9.35.3 Service benchmarking
- 9.35.4 Recent developments
- 9.36 Boston Engineering Corporation
- 9.36.1 Company overview
- 9.36.2 Financial performance
- 9.36.3 Service benchmarking
- 9.36.4 Recent developments
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