Engineering Services Outsourcing Market In The US Forecast To Grow At CAGR of 22.7% Between 2016-2020

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Engineering service providers are aggressively working to enhance their capabilities through expanding their service offerings along with technology consulting services and IP-based solutions to sustain in the competition. The market is evolving with more mature outsourcing/delivery models and strategy formulation for nurturing sector-specific talent and M&A. 

Engineering service providers are working to bring the best out of the outsourcing relationship in the value chain. OEMs in the US that outsource their engineering services expect enhanced capabilities, such as understanding both business outcomes and technology. Co-innovation, co-engineering capabilities, and co-investment partnerships are likely to be the most attractive USPs for service providers in the ESO market in the US.

The ESO market in the US to grow at a CAGR of 22.7% during the period 2016-2020.

Covered in this report 

The report covers the present scenario and the growth prospects of the engineering services outsourcing (ESO) market in the US for 2016-2020. To calculate the market size, the report considers the revenue generated from engineering services outsourcing. It presents the vendor landscape and a corresponding detailed analysis of the top seven vendors in the ESO market in the US.

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Technavio's report, Engineering Services Outsourcing (ESO) Market in the US 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. 

Key vendors 
HCL Technologies 
QuEST Global
Tata Elxsi
Tech Mahindra 

Other prominent vendors 
Aricent Group
Atos Origin
Clasoft Labs
Clasoft Labs India
Computer Sciences Corporation
Cybage Software
Infotech Enterprises
Mindfire Solutions
Sonata Software
Vanceinfo Technologies

Market driver 
Demand for product localization
For a full, detailed list, view our report 

Market challenge 
Issues pertaining to IP ownership
For a full, detailed list, view our report 

Market trend 
Rise in engineering analytics
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?