Engineering services outsourcing Market in APAC to grow at a CAGR of 25.5% during the period 2016 - 2020; Finds New Report

Report forecast the ESO market in APAC to grow at a CAGR of 25.5% during the period 2016 - 2020

Engineering services in APAC remains a dynamic and fast-evolving area of the global outsourcing industry. In APAC, engineering services outsourcing (ESO) is a relatively new trend compared to IT and other business process outsourcing services. ESO helps companies to boost business flexibility, reduce R&D costs, and help to resolve engineering bottlenecks. The use of ESO services also boosts efficiency gains through product specialization and scale effects. Product engineering is a crucial step for OEMs and their respective component suppliers.

The report covers the present scenario and the growth prospects of the ESO market in APAC for 2016-2020. To calculate the market size, the report considers revenue generated from the contracts outsourced to APAC.

The market is divided into the following segments based on end-user:

• Automotive
• Telecom
• Consumer electronic appliances
• Construction
• Semiconductors
• Pharma
• OEM
• Others

ESO Market in APAC Region 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

According to the report, the growth of the ESO market in APAC is driven by the need to reduce time-to-market. Enterprises need to stay ahead of their competitors (in terms of innovation) to sustain business in competitive markets. ESO solutions enable these companies to outsource engineering tasks to emerging countries such as India and China, which provide skilled labor at low costs. Such outsourcing also helps to reduce product development cycles.

Further, the report states that security concerns over intellectual property is inhibiting market growth in APAC. Outsourcing involves sharing a wide array of proprietary knowledge with multiple business partners. Hence, concerns are often raised over the ability of offshore partners to safeguard sensitive business information.

Key players in the ESO Market in APAC Region: IBM, HCL, Wipro, and Infosys.

Other Prominent Vendors in the market are: KPIT, Altran, Aricent Group, Atos Origin, Beyondsoft, Capgemini, Clasoft Labs India, Computer Sciences Corporation, Cybage Software, GlobalLogic, HP, iGate, L&T, MindTree, Mindfire Solutions, QuEST Global Services, Sonata Software, Symphony, Tech Mahindra, Tata ELXSI, and Vanceinfo Technologies.

Market driver

• Need to reduce time-to-market
• For a full, detailed list, view our report

Market challenge

• Established captive and in-house centers
• For a full, detailed list, view our report

Market trend

• Increased use of high-performance computing
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 71 pages “Engineering services outsourcing Market in APAC 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Key leading countries, Market landscape, Market segmentation by end-user, Market drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

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