Organizations have outsourced several business processes to service providers with the aim of focusing on the core business offerings. This will help them to remain competitive in the domestic and international market. Engineering services have also 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.

PART 01: Executive summary

Highlights

PART 02: Scope of the report

Market overview

Countries covered

Top-vendor offerings

PART 03: Market research methodology

Research methodology

Economic indicators

PART 04: Introduction

Key market highlights

PART 05: Market landscape

Market overview

Five forces analysis

PART 06: Market segmentation by services

PART 07: Market segmentation by end-user

Global ESO market by end-user

PART 08: Market segmentation by outsource

destinations

Market segmentation by outsource destinations

PART 09: Geographical segmentation

Global ESO market by geography

Americas

EMEA

APAC

PART 10: Market drivers

Need to support industrial 4.0 revolution

Increase in automation

Cost reduction and efficiency

Accelerates time to market

PART 11: Impact of drivers

PART 12: Market challenges

Issues pertaining to IP ownership

Lack of control over product development

Ineffective management of product development life

cycle

PART 13: Impact of drivers and challenges

PART 14: Market trends

Emergence of artificial intelligence and machine

learning

Evolution of industrial IoT

Increasing adoption of software-defined framework

Rise in engineering analytics

Growing trend of engaging clients with consulting

services

Nearshoring and growing captive operations in emerging

countries

PART 15: Vendor landscape

Competitive scenario

Other prominent vendors

PART 16: Key vendor profile

HCL Technologies

Infosys

TCS

Tech Mahindra

Wipro

PART 17: Appendix

List of abbreviations

PART 18: Explore Technavio