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Service providers for telecom have been carrying out operations and business supports systems for ensuring smooth function of the business . It requires suitable back- end equipment and expertise , encouraging the use of ESO in systems . The consumer electronics segment is estimated to witness the rapid growth over the forecast period . This could lead to extreme reduction in product life cycles , forcing firms to bring out product innovations at faster rate . In 2013 , Asia Pacific was the prime regional market contributing for over 50 % of total market demand which is estimated to stay a market leader over the forecast period . Asia Pacific is likely to remain the strong market for ESO due to existence of large talent pool , emerging cost arbitrage and local demand and strong manufacturing base in countries like India and China .
From 2016 to 2020 , the market in Europe is likely to grow at CAGR for over 24 % due to its inclination among various European firms for outsourcing engineering actions within Western European Nations for ensuring Regulatory compliance . Major Industry participants for Engineering Services Outsourcing Market are Infosys Ltd ., Wipro , HCL technologies Ltd and Tata Consultancy Services . Other firms operating ESO market are InfoTech Enterprises Ltd ., IGATE Corp , Aricent Group , MindTree Ltd ., Calsoft Labs , IGATE corp ., Tata ELXSI and KPIT Cummins Infosystems Ltd .
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