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Global Engineering Services Outsourcing (ESO) Market Size, Key Players, Share, Trends Analysis Report 2019-2026

Engineering Services Outsourcing (ESO) Market Size, Share, Trends & Industry Analysis Report By Location Outlook (Onshore, Offshore); By Application Outlook (Automotive, Energy, Network & Communications, Industrial Automation, Medical Technology, Industrial … Read More ...

Engineering Services Outsourcing (ESO) Market Size, Share, Trends & Industry Analysis Report By Location Outlook (Onshore, Offshore); By Application Outlook (Automotive, Energy, Network & Communications, Industrial Automation, Medical Technology, Industrial Electronics and Automated Embedded Engineering Services, Consumer Electronics, Semiconductors, Construction, Aerospace); By Regions; Segment Forecast, 2019 – 2026

The Global Engineering Services Outsourcing (ESO) Market is expected to grow at a CAGR of 21.0% during the forecast period 2019-2026. As per the analysis, the global market was valued at $402.4 billion in the year 2018 and anticipated to reach $1.82 trillion by the end of the year 2026.

The Engineering Services Outsourcing (ESO) Market is witnessing a growth at tremendous rate and include service offerings at low-cost and simple tasks by outsourcing companies. The service outsourcing companies include tasks such as automation, validation, designing and conceptualization. The global market growth is majorly driven by increasing adoption of analytics, big data, rapid implementation of Internet of Things (IoT) and increasing usage of sensors in various industrial verticals.

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The Global Engineering Services Outsourcing (ESO) Market is driven by various growth factors such as access to low-cost and highly skilled professionals to complete complex tasks of testing, designing, execution, simulation and validation. In a recent market trend, companies are shifting from Business Process Outsourcing (BPO) to knowledge process outsourcing (KPO) services. Also, companies are leveraging huge market opportunities in variety of industry verticals such as telecom, aerospace, semiconductors, consumer electronics and automotive.

Segmentation Overview of the Global Engineering Services Outsourcing (ESO) Market

The Global Engineering Services Outsourcing (ESO) Market is segmented on the basis of Application and Location. These market segments are further categorized into sub-segments to study the market in detail.

The Application Segment of the Global Engineering Services Outsourcing (ESO) Market is Sub-Segmented into:

  • Aerospace
  • Construction
  • Semiconductors
  • Consumer Electronics
  • Industrial Electronics and Automated Embedded Engineering Services
  • Medical Technology
  • Industrial Automation
  • Network & Communications
  • Energy
  • Automotive

The Location Segment of the Global Engineering Services Outsourcing (ESO) Market is Sub-Segmented into:

  • On Shore
  • Off Shore

Geographical Overview of the Global Engineering Services Outsourcing (ESO) Market

On the basis of geographical segmentation, the global Engineering Services Outsourcing (ESO) market was studied across North America (U.S., Canada); Europe (Germany, UK, France); Asia Pacific (China, India, Japan); Latin America (Brazil, Mexico); Middle East & Africa. As per the analysis, Europe and North America accounted as the largest spenders in the global R&D spending. However, the Asia-Pacific accounted as the largest ESO service provider owing to large-scale contribution from India and China—countries with large-scale population base and presence of skilled professionals, for instance: As per the report, India produces more than 500 thousand engineering graduates in a year. Furthermore, India accounted for majority of skilled professionals at a cheaper price in the global market that in turn boost the engineering services outsourcing market in the APAC region.

Key Players Insights

Kristler Instruments AG, Wipro, P+Z Engineering GmbH, IAV Gmbh, Infosys Ltd., Tata Consultancy Services Limited and HCL Technologies Limited are some players included in the research study of the global engineering services outsourcing (ESO) market. Market players are actively working in the global market to withhold majority of market share and aspire to acquire dominant market position for the long-term. Some of the strategical developments adopted by key companies in the market are joint venture, partnership and collaboration among others.

Key Topics Covered

1. Overview and Scope
1.1. Research Methodology
1.2. Research Scope and Assumptions
1.3. List of Data Sources
2. Executive Summary
3. Market Snapshot
4. Engineering services outsourcing Industry Outlook
4.1. Outsourcing Classification
4.2. ESO Value Chain Analysis
4.3. ESO Services Evolution
4.4. ESO market dynamics
4.4.1. Engineering services outsourcing – Market Forces
4.4.1.1. Engineering services outsourcing Market driver analysis
4.4.1.2. Engineering services outsourcing Market restraint/challenges analysis
4.4.2. Industry analysis – Porter’s five force
4.4.2.1.
4.4.2.1.1. Bargaining power of supplier
4.4.2.1.2. Bargaining power of buyer
4.4.2.1.3. Threat of substitute
4.4.2.1.4. Threat of new entrant
4.4.2.1.5. Degree of competition
4.4.3. Engineering services outsourcing market PEST analysis, 2018
5. Engineering services outsourcing Market: Automotive Application Estimates & Trend Analysis, 2019-2026
5.1. Changing Role & Participation of Automotive ESO Providers
5.1.1. Autonomous driving
5.1.2. Connected cars
5.1.3. Lightweight construction
5.1.4. Electric mobility
5.2. Automotive ESO Market
5.2.1. Designing
5.2.2. Prototyping
5.2.3. System Integration
5.2.4. Testing
6. Engineering services outsourcing Market: Energy Application Estimates & Trend Analysis, 2019-2026
6.1. Energy ESO market- Evolution, current scenario, and prospects
6.2. Energy ESO market
6.2.1. R&D and Designing
6.2.2. Set-up (Structuring and Layout)
6.2.3. Implementation
7. Engineering services outsourcing Market: Medical Technology Application Estimates & Trend Analysis, 2019-2026
7.1. Medical Technology ESO market- Evolution, current scenario, and prospects
7.2. Medical Application ESO Market
7.2.1. Product Lifecycle Management
7.2.2. Remote Monitoring and Diagnostics
7.2.3. Unique Device Identification
8. Engineering services outsourcing Market: Industrial Electronics and Automated Embedded Engineering Services Estimates & Trend Analysis, 2019-2026
8.1. Industrial Electronics and Automated Embedded Engineering Services ESO market- Current scenario, and prospects
8.2. Industrial Electronics and Automated Embedded Engineering Services ESO Market
8.2.1. Product Engineering Designing
8.2.2. Development of Prototypes
8.2.3. Production Support
9. Engineering services outsourcing Market: Industrial Automation Application Estimates & Trend Analysis, 2019-2026
9.1. Industrial Automation ESO market – Current Scenario, and Prospects
9.2. Industrial Automation ESO Market
9.2.1. Product Development
9.2.2. Process Automation
9.2.3. Factory Automation
9.2.4. Supply Chain Management
10. Engineering services outsourcing Market: Network & Communications Application Estimates & Trend Analysis, 2019-2026
10.1. Network and Communications ESO market – Evolution, current scenario, and prospects
10.2. Network and Communications – ESO Market
10.2.1. Network Design Services
10.2.2. GIS Integration & Geospatial Data Analysis
10.2.3. Network Inventory Management
11. Engineering services outsourcing Market: Aerospace, Consumer Electronics, Semiconductor & Construction Application Estimates & Trend Analysis, 2019-2026
11.1. Key Findings
11.2. Aerospace
11.3. Construction
Continued…
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