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How Digital Transformation is Reshaping the Engineering Services Outsourcing Market

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Steve Anderson
How Digital Transformation is Reshaping the Engineering Services Outsourcing Market

The global engineering services outsourcing market size is anticipated to gain USD 9,412.07 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to record a CAGR of 23.4% from 2025 to 2030. The increasing demand for Information Technology (IT) services by various industries, such as automotive, manufacturing, retail & e-commerce, media & entertainment, and others, is exponentially driving the market growth.

The growing need for outsourcing services by companies to cut costs and optimally utilize the saved costs is expected to drive the market over the forecast period. The market has constantly been evolving in line with advancements in fields like the internet of things (IoT), connected computing, artificial intelligence (AI), and the sensing element, among other technologies. The intensifying competition to provide cutting-edge resolutions is driving service providers to finance aggressively in research & development.

Engineering Services Outsourcing Market Report Highlights

  • The off-shore part is expected to witness significant growth corresponding to the on-shore part due to the international inflation rates, high mixed rates, training costs, and increasing preference for outsourcing to on-shore partners.
  • The healthcare segment is expected to register the fastest CAGR from 2025 to 2030. The growth can be propelled through aggressive investments in cutting-edge medical equipment, laboratories, and medications.
  • Designing, based on services, is expected to witness growth at a notable CAGR over the forecast period. The increase can propel the growing sophistication of designs and the demand to reduce costs by outsourcing design to a professional but somewhat low-cost workforce.
  • The Asia Pacific ESO market is anticipated for the highest revenue share of over 40% in 2024, with the effortless availability of fairly low-cost and skilled aids in countries like India, China, the Philippines, and other East Asian countries

For More Details or Sample Copy please visit link @: Engineering Services Outsourcing Market Report

Major ESO companies are also trying hard to emphasize mergers and acquisitions and bolstering the existing tie-ups with their clients to tap new business opportunities. For instance, in April 2022, the Kansas Department of Labor, a state agency for economic growth, chose Tata Consultancy Services Limited, an enterprise solutions provider, to build and run an advanced unemployment insurance system. The latter company is expected to support the state agency with the maintenance of its online systems and provide assistance during downtimes.

With the outburst of COVID-19, many organizations have faced the following lockdowns executed in almost all countries worldwide at the start of 2020. The aerospace industry has been adversely affected among the industry verticals due to the non-permanent shutdown of enterprises, production facilities, and daily operational logistics. On the other hand, the healthcare industry has been relatively unchanged as healthcare companies mainly worked on creating and developing advanced and custom Personal Protective Equipment (PPE) kits.

List of Key Players in Engineering Services Outsourcing Market

  • AKKA Technologies (Akkodis)
  • Alten Group
  • Capgemini Engineering
  • Entelect
  • HCL Technologies Limited
  • Emerson Electric Co
  • Infosys Limited
  • Tata Elxsi
  • Tata Consultancy Services Limited
  • Tech Mahindra Limited
  • Wipro Limited

We have segmented the global engineering services outsourcing market report based on service, location, application, and region.

Engineering Services Outsourcing Services Outlook (Revenue, USD Million, 2018 - 2030)

  • Designing
  • Prototyping
  • System Integration
  • Testing
  • Others

Engineering Services Outsourcing Location Outlook (Revenue, USD Million, 2018 - 2030)

  • On-shore
  • Off-shore

Engineering Services Outsourcing Application Outlook (Revenue, USD Million, 2018 - 2030)

  • Aerospace
  • Automotive
  • Manufacturing
  • Consumer Electronics
  • Semiconductors
  • Healthcare
  • Telecom
  • Energy & Utilities
  • Construction & Infrastructure
  • Others

Engineering Services Outsourcing Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Research Methodology

We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S. based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

 

Contact:

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll-Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: grandviewresearch.com

 

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