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The global engineering services outsourcing (ESO) market stood at USD 317.2 billion in 2020. The market is expected to grow at a CAGR of 30.1% in the forecast period of 2021-2026. The industry growth is expected to be driven by the rising level of technical complexity for product development and manufacturing across sectors, cost reduction, shorter product lifecycles, and the growing number of linkages between OEMs and Engineering Service Providers (ESPs).
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Properties and Applications
The engineering services outsourcing (ESO) industry can be divided based on segments like application and location type.
The industry can be broadly categorised based on its application into:
The industry can be divided based on its location type as:
The EMR report looks into the regional engineering services outsourcing (ESO) markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
The growth of the ESO industry and the growing adoption of outsourcing of engineering services is primarily due to a shorter life cycle of products. Business solutions that are usually offered last for a shorter period, resulting in re-purchase or resubscription. For example, a consumer would need to upgrade the IT infrastructure system after the duration of the contract or an automobile OEM may need a new set of engines for its future vehicle, requiring continuous technical improvements. The repetitive nature of the services, therefore, ensures that the ESO company flourishes, along with increasing the demand for subsequent goods, thus, propelling the industry growth. The industry experience, past ventures, market value, and the quality of service it provides are some of the key factors to be considered when choosing an ESO provider. However, because of the lack of project experience, familiarity with client requirements, and business networks, new entrants can find it challenging to enter the industry and develop their presence.
The report presents a detailed analysis of the following key players in the global engineering services outsourcing (ESO) market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Questions Answered in the Market Report:
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.5 Market Models
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Engineering Services Outsourcing (ESO) Market Analysis
6.1 Global Engineering Services Outsourcing (ESO) Historical Market (2016-2020) & Forecast (2021-2026)
6.2 Global Engineering Services Outsourcing (ESO) Market Breakup by Application
18.104.22.168 System Integration
6.2.4 Consumer Electronics
6.3 Global Engineering Services Outsourcing (ESO) Market Breakup by Application: Historical Market (2016-2020) & Forecast (2021-2026)
22.214.171.124 System Integration
6.3.4 Consumer Electronics
6.4 Global Engineering Services Outsourcing (ESO) Market Breakup by Location Type
6.5 Global Engineering Services Outsourcing (ESO) Market Breakup by Location Type: Historical Market (2016-2020) & Forecast (2021-2026)
6.6 Global Engineering Services Outsourcing (ESO) Market Breakup by Region
6.6.1 North America
126.96.36.199 United States of America
188.8.131.52 United Kingdom
6.6.3 Asia Pacific
6.6.4 Latin America
6.6.5 Middle East & Africa
184.108.40.206 Saudi Arabia
220.127.116.11 United Arab Emirates
18.104.22.168 South Africa
6.7 Global Engineering Services Outsourcing (ESO) Market Breakup by Region: Historical Market (2016-2020) & Forecast (2021-2026)
6.7.1 North America
22.214.171.124 United States of America
126.96.36.199 United Kingdom
6.7.3 Asia Pacific
6.7.4 Latin America
6.7.5 Middle East & Africa
188.8.131.52 Saudi Arabia
184.108.40.206 United Arab Emirates
220.127.116.11 South Africa
7 SWOT Analysis
8 Porter’s Five Forces Analysis
8.2 Buyer’s Power
8.3 Supplier’s Power
8.4 New Entrants
8.5 Degree of Rivalry
9 Competitive Landscape & Supplier Analysis
9.1 ALTEN SA
9.2 Altair Engineering, Inc. (NASDAQ: ALTR)
9.3 Capgemini SE (EPA: CAP)
9.4 ASAP Holding GmbH
9.5 AVL List GmbH
9.6 HCL Technologies Limited (NSE: HCLTECH)
9.7 International Business Machines Corporation (NYSE: IBM)
10 Events and Developments
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