Market Research Update Global Engineering Services Outsourcing Market 201
Engineering Services Outsourcing Market by Analysis, Recent Development, Trends and Forecast To 2020
Engineering services have been outsourced in recent years on a large scale. However, this time, it is not only to
reduce costs but also to bring about innovation in product development. Engineering services are different from
other functional outsourcing services due to the nature of complexities involved in various phases of the product
development process. Innovation is the key to staying competitive in the marketplace. It is needed for
organizations operating in industry verticals such as automotive. The technology landscape in several industry
verticals is changing at a rapid pace, which has replaced the legacy system.
The market is divided into the following segments based on geography:
-Americas
-APAC
-EMEA
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market-2016-2020
Key vendors:
-HCL Technologies
-Infosys
-TCS
-Tech Mahindra
-Wipro
Other prominent vendors:
-Luxoft
-Cyient
-Tata Elxsi
-QuEST Global
-Symphony Teleca
-Aricent
-Mindtree
-Tech Mahindra
-GlobalLogic
-Xchanging
Market driver
-Need to support industrial 4.0 revolution
-For a full, detailed list, view our report
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Market Driver:
-Issues pertaining to IP ownership
-For a full, detailed list, view our report
Market Challenge:
-Issues pertaining to IP ownership
-For a full, detailed list, view our report