Engineering Services Outsourcing Market to Showcase Robust Growth By 2030

1. Market Research Report EXCLUSIVE EDITION Global Engineering Services Outsourcing Market Research Report Global Industry Analysis, Forecast and Trends, 2022-2030 © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

2. Global Engineering Services Outsourcing Market © 2020 Statsville Consulting Private Limited Market Statsville Group (MSG) A part of Statsville Consulting Private Limited American Office American Office – 416, East Standsberry Street, Perkins, Oklahoma 74059, USA EMEA EMEA– 1165 Budapest 16 Diósy Lajos u. 24., Europe Asia Asia- -Pacific Office Pacific Office – F-178 Subhash Marg C Scheme, Ashok Nagar, Jaipur, Rajasthan, 302001 www.marketstatsville.com Disclaimer Disclaimer: : Any information and/or material provided by Statsville Consulting Private Limited, including any and all the analysis and/or research from Market Statsville Group (MSG), is offered to a selected group of customers in response to orders for such information, material, analysis, and/or research. As a customer of Statsville Consulting, you acknowledge that our information, material, and/or services are for your internal use only, and not for any external use and/or dissemination, or general publication, and/or disclosure to any third parties. Any and all the information and/or material provided by Statsville Consulting are based on primary interviews and/or secondary research, and are, therefore, subject to fluctuation and variance. Statsville Consulting takes no responsibility for any incorrect information and/or material supplied to us by sources we rely on, and no part of our analysis or research may be given, lent, resold, or disclosed to any third parties, including non-customers, without explicit or written permission from Statsville Consulting. Unauthorized reproduction and/or transmission of our information, material, analysis, and/or research in any form and by any means, including photocopying, mechanical/electronic recording,or otherwise, without the explicit and written permission of Statsville Consulting, is expressly and clearly prohibited. Any use of the information, material, analysis, and/or research provided by Statsville Consulting is at your sole risk; you acknowledge that the information, material, analysis, and/or research is provided “as is” and that Statsville Consulting provides no warranty of any kind, express or implied, with regard to the information, material, analysis, and/or research, including but not limited to, merchantability and fitness for any purpose and/or use. At the end, Statsville Consulting will be responsiblefor the final decision of any action. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

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5. Engineering Services Outsourcing Market 2022: Industry Size, Regions, Emerging Trends, Growth Insights, Opportunities, and Forecast By 2030 Engineering Services Outsourcing Market Location Type (On-shore and Off-shore), by Application (Aerospace, Automotive (Designing, Prototyping), Construction, and Telecom), by service, by Region – Global Share and Forecast to 2030 Description Description The global engineering services outsourcing market size is expected to grow at a CAGR of 22.9% from 2022 to 2030. The ESO market has witnessed significant growth in emerging countries. There has been a shift in ESO requirements from being more mechanical and non-core to lately requiring core competencies in niche markets. Telecommunication firms have been outsourcing services such as product designing, hardware designing, system architecture, applications development, test automation, network designing, deployment, performance engineering, and supporting subscriber demands in new technologies with differentiated products. Get Full PDF Sample Copy of Report: Get Full PDF Sample Copy of Report:https://www.marketstatsville.com/request https://www.marketstatsville.com/request- -sample/engineering market market sample/engineering- -services services- -outsourcing outsourcing- - For a long time, the engineering outsourcing services were primarily aggregated under the information technology services or the engineering business process outsourcing services. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

6. Due to rapid technological advancement and its growing demand, the ESO market has evolved to expand its telecom, aerospace, automotive, healthcare, and other major verticals that spend heavily on product development and engineering services. The off-shore outsourcing services from the developed markets have increased in the recent past with growing confidence in vendors present in the emerging countries. Global Engineering Services Outsourcing Market Definition Engineering Services Outsourcing (ESO) refers to outsourcing certain engineering activities such as designing, simulation, and consultation, called engineering services, to specialized vendors or engineering services providers. Global Engineering Services Outsourcing Market Dynamics Drivers: Increased tie-ups between automotive OEMs and suppliers Automotive engineering services have evolved significantly due to the OEMs' rapid alignment with global mega trends, including the increased emphasis on superior performance, safety, fuel efficiency, and self-driving. Increased need for innovation, adherence to high environmental sustainability and safety standards, designing automobiles catering to diverse market segments with shorter time-to-market has gained prominence. With a view to addressing the trends above, automobile manufacturers worldwide have increased collaborations and partnerships with firms specializing in engineering services. Make an Enquire before Purchase @: Make an Enquire before Purchase @:https://www.marketstatsville.com/buy https://www.marketstatsville.com/buy- -now/engineering market?opt=2950 market?opt=2950 now/engineering- -services services- -outsourcing outsourcing- - © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

7. Traditionally, automotive innovation has been concentrated around the R&D centers of leading automakers and tier-one suppliers, with the largest OEMs making the most significant R&D investments. The contemporary model has witnessed an automotive evolution where OEMs are lacking the skills set, and it is not cost-efficient for OEMs to invest in technologies where it lacks expertise. Restraints: Intellectual Property (IP) confidentiality and security threats From a legal standpoint, Intellectual Property (IP) comprises four types- patents, trademarks, copyrights, and trade secrets. Companies who wish to outsource their R&D to firms specializing in engineering services have to undertake several measures, including: Sending people to inspect the security check-in procedures on the premises of the firm Examining the functioning of networks, protecting critical data with access codes Understanding the legal system of the countries involved Negotiating in a manner that makes the contracted company responsible for its employees’ actions Maintaining an original copy of the source code or design of the IP Companies have to exert a high degree of vigilance to avoid IP theft, as legal enforcements, especially in a few off-shore locations, make it difficult to prosecute firms who allegedly misuse patents and confidential data. IP theft may result in significant losses for the business. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

8. Segments of Global Engineering Services Outsourcing Market The study categorizes the engineering services outsourcing market based on location type, service, and application at the regional and global levels. By Location Type Outlook (Sales, USD Million, 2017-2030) On-shore Off-shore By Service Type Outlook (Sales, USD Million, 2017-2030) Designing Prototyping System Integration Testing Others By Region Outlook (Sales, USD Million, 2017-2030) North America (US, Canada, Mexico) South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America) Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

9. Czech Republic, Belgium, the Netherlands, Norway, Sweden, Denmark, Rest of Europe) Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, the Philippines, Singapore, Australia & New Zealand, Rest of Asia Pacific) The Middle East & Africa (Saudi Arabia, UAE, South Africa, Northern Africa, Rest of MEA) The off-shore segment accounts for the largest market share, by location type The global engineering services outsourcing market is divided into on-shore and off-shore based on location type. In 2021, the off-shore ESO market accounted for higher revenue than the on-shore ESO market throughout the forecast period. Off-shore market estimates refer to the revenue generated within a country by sources that are not domestic but international. When a company of foreign origin outsources its engineering services to a company based in a foreign location, the revenue generated in that country is a part of the off-shore ESO market. Request for Complete TOC and Figures & Graphs @ Request for Complete TOC and Figures & Graphs @https://www.marketstatsville.com/table outsourcing outsourcing- -market market https://www.marketstatsville.com/table- -of of- -content/engineering content/engineering- -services services- - Asia Pacific accounts for the highest CAGR during the forecast period Based on the regions, the global engineering services outsourcing market has been segmented across North America, Asia- Pacific, Europe, South America, and the Middle East & Africa. Globally, Asia Pacific is estimated to hold the highest CAGR of 33.3% in the global market of engineering services outsourcing during the forecast period. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

10. India, China, Japan, South Korea, Australia, Southeast Asia, and the Rest of Asia-Pacific are all part of the region. Strong economic growth in domestic emerging countries like China, Indonesia, Malaysia, and India is driving the region's expansion. After the Asia Pacific, South America is the fastest-growing region with a CAGR of 30.3% during the forecast period. The region has become one of the most popular off-shore outsourcing destinations for American manufacturers and suppliers. As a result, several major market players attempt to establish themselves in South America. Another important factor driving the regional market growth in South America is the relatively stable wage inflation compared to other off-shore locations. Furthermore, the paperwork required for outsourcing activities in the region is extremely detailed, which is beneficial, making it a profitable market for both parties. Key Market Players The engineering services outsourcing market is mildly concentrated, with few global players operating in the market such as Infosys Limited, Boston Engineering Corporation, Tata Consultancy Services Limited, ALTEN Group, Altair Engineering, Inc., and ALTRAN. Every company follows its own business strategy to attain the maximum market share. Request For Report Description @ Request For Report Description @https://www.marketstatsville.com/engineering https://www.marketstatsville.com/engineering- -services services- -outsourcing outsourcing- -market market © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

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