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Date Submitted: 09/29/2015 02:41 AM
Hexa Research Inc.
Industry Research,Custom Research & Consulting
Global Engineering Services Outsourcing (ESO) Market
Size, Market Share, Application Analysis, Regional Outlook,
Growth, Trends, Competitive Scenario And Forecasts, 2012
To 2020
Industry Insights
The global Engineering Services Outsourcing market (ESO) is expected to exhibit considerable growth
over the forecast period. This can be attributed to constrained R&D budget due increased cost
pressures.
Dynamic consumer behavior resulting in shorter product life cycles is also expected to favorably impact
engineering services outsourcing market growth. In addition, several factors including improvement in
processes, enhanced efficiency, reduced time-to-market and cost advantage may also spur engineering
services outsourcing market growth over the next few years.
Browse Detail Report With TOC @ http://www.hexaresearch.com/research-report/engineeringservices-outsourcing-industry/
Hexa Research Inc.
Industry Research,Custom Research & Consulting
Aerospace and automotive OEMs (Original Equipment Manufacturers) emphasize on increasing and
strengthening associations and tie-ups with engineering services outsourcing vendors due to the need to
focus on crucial R&D activities. Security threats and issues pertaining to confidentiality that primarily
revolve around intellectual property (IP) may pose a challenge to engineering services outsourcing
market growth.
End-Use Insights
Several industries including telecom, pharmaceuticals, semiconductors, consumer electronics,
automotive, construction and aerospace outsource their specific engineering tasks. Engineering services
outsourcing vendors cater to diverse requirements of the aforementioned industries, which thereby
drives the market growth. Aero engines design, aero systems & interiors, aero structures design,
avionics and manufacturing are a few solutions provided by ESO vendors to the aerospace companies.
Consumer electronics is expected to emerge as a fast...