Engineering Services Outsourcing (Eso) Market Vendor Analysis & Forecast to 2020

Engineering Services Outsourcing (ESO) Market Current Trends, Size,

Share, Industry Analysis, Competitive Intelligence, Growth, Opportunities

and Forecasts To 2020

The global engineering services outsourcing (ESO) market is expected to reach USD 415.74

billion by 2020. Increased cost pressures on global firms resulting in constrained R&D budgets

are a primary driver for market growth over the forecast period. Additionally, shorter product life

cycles owing to dynamic consumer buying behavior are also expected to favorably impact

market growth.

Enhancement in production process, cost advantage and lowered time-to-market are some of the

other factors expected to boost market growth. Threat of intellectual property (IP) theft may pose

a challenge to industry growth as it results in significant losses for businesses. Legal

enforcements in a few offshore locations make it difficult for prosecuting firms which misuse

confidential data and patents.

Further key findings from the study suggest:

ESO demand in telecom accounted for over 20% of the overall market in 2013.

Telecommunications service providers have been implementing operations and business support

systems for ensuring smooth business operations. This requires significant back-end expertise

and equipment, thus propelling the use of ESO in systems. The consumer electronics segment is

expected to witness the fastest growth over the forecast period. This can be primarily attributed

to drastic reduction in product life cycles, forcing companies to bring about product innovations

at a faster rate.

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Asia Pacific was the largest regional market in 2013, accounting for over 50% of the total

demand; it is further expected to remain the market leader over the forecast period. This...