Engineering Services Outsourcing Market (By Component: Software, Hardware; By Service: Designing, Prototyping, System Integration, Testing, and Others; By Location: Onshore and Offshore; and By Application: Aerospace, Automotive, Industrial, Consumer Electronics, Semiconductors, Healthcare, Telecom, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2024 – 2033
1.1. RESEARCH OBJECTIVE
1.2. SCOPE OF THE STUDY
1.2.1. KEY QUESTIONS ANSWERED IN THE REPORT
2.1. Research Objective
2.2. Market Research Process
2.2.1. Data Procurement and Data Mining
2.2.2. Data Analysis and Standardization
2.2.3. Data Processing and Market Formulation
2.2.4. Data Validation
2.3. MARKET RESEARCH APPROACH
2.3.1. Secondary Research
2.3.2. Primary Research
2.3.3. Assumptions & Limitations
2.4. Year Considered For the Study
3.1. Global Engineering Services Outsourcing Market Snapshot
3.2. Global Engineering Services Outsourcing Market Revenue
4.1. Introduction to Engineering Services Outsourcing
4.2. Classification and Scope
6.1. Engineering Services Outsourcing Market Dynamics Snapshot
6.2. Market drivers
6.2.1. Integration of Smart Manufacturing Systems, Robotics, and AI-based Solutions by Original Equipment Manufacturers (OEMs)
6.2.2. Rapid Digitalization in Healthcare to Increase the Productivity
6.2.3. Burgeoning Investments in Renewable Energy
6.2.4. Unleashing massive 5G IoT ecosystem and Critical Communication Services
6.3. Market restraints
6.3.1. Lack of Domain Expertise Among Workers and Companies
6.3.2. The Downturn in U.S. and European Economies to Hamper the Market Growth
6.4. Market Opportunity
6.4.1. Integration of Cloud based Solutions to Create Lucrative Growth Opportunity for the Global Engineering Services Outsourcing Market
7.1. PESTEL Analysis
7.2. Porter’s Five Forces Analysis
7.2.1. Bargaining Power of Suppliers
7.2.2. Bargaining Power of Buyers
7.2.3. Threat of Substitute Products
7.2.4. Rivalry among Existing Firms
7.2.5. Threat of New Entrants
7.3. Value Chain Analysis
7.3.1. Inbound Logistics
7.3.2. Operations
7.3.3. Outbound Logistics
7.3.4. Technology Development
7.3.5. Procurement
7.3.6. End Users
7.4. Impact Analysis
7.4.1. Drivers
7.4.1.1. Rise in the Number Of OEMS and ESO Collaborations
7.4.1.2. Growing Research and Development Activities in Automotive Designs
7.4.2. Restraint
7.4.2.1. Risk of exposing confidential information and Threat of Cyber attack
8.1. Global Engineering Services Outsourcing Market Snapshot, By Component
8.1.1. Market Size and Forecast
8.1.2. Software
8.1.2.1. Market Size and Forecast
8.1.3. Hardware
8.1.3.1. Market Size and Forecast
9.1. Global Engineering Services Outsourcing Market Snapshot, By Service
9.1.1. Market Size and Forecast
9.1.2. Designing
9.1.2.1. Market Size and Forecast
9.1.2.2. Global Designing Market, by Component
9.1.2.2.1. Market Size and Forecast
9.1.3. Prototyping
9.1.3.1. Market Size and Forecast
9.1.3.2. Global Prototyping Market, by Component
9.1.3.2.1. Market Size and Forecast
9.1.4. System Integration
9.1.4.1. Market Size and Forecast
9.1.4.2. Global System Integration Market, by Component
9.1.4.2.1. Market Size and Forecast
9.1.5. Testing
9.1.5.1. Market Size and Forecast
9.1.5.2. Global Testing Market, by Component
9.1.5.2.1. Market Size and Forecast
9.1.6. Others
9.1.6.1. Market Size and Forecast
9.1.6.2. Global Others Market, by Component
9.1.6.2.1. Market Size and Forecast
10.1. Global Engineering Services Outsourcing Market Snapshot, By Location
10.1.1. Market Size and Forecast
10.1.2. OnShore
10.1.2.1. Market Size and Forecast
10.1.3. OffShore
10.1.3.1. Market Size and Forecast
11. Engineering Services Outsourcing Market, by Application
11.1. Global Engineering Services Outsourcing Market Snapshot, By Application
11.1.1. Market Size and Forecast
11.1.2. Aerospace
11.1.2.1. Market Size and Forecast
11.1.3. Automotive
11.1.3.1. Market Size and Forecast
11.1.4. Industrial
11.1.4.1. Market Size and Forecast
11.1.5. Consumer Electronics
11.1.5.1. Market Size and Forecast
11.1.6. Semiconductors
11.1.6.1. Market Size and Forecast
11.1.7. Healthcare
11.1.7.1. Market Size and Forecast
11.1.8. Telecom
11.1.8.1. Market Size and Forecast
11.1.9. Others
11.1.9.1. Market Size and Forecast
12.1. Overview
12.2. Global Engineering Services Outsourcing Market, By Region
12.2.1. Market Size and Forecast
12.3. North America
12.3.1. North America Engineering Services Outsourcing Market1
12.3.2. Market Size and Forecast
12.3.3. North America Engineering Services Outsourcing Market
12.3.4. North America Engineering Services Outsourcing Market, by Component
12.3.5. North America Engineering Services Outsourcing Market, by Service
12.3.5.1. North America Designing Market, by Component
12.3.5.2. North America Prototyping Market, by Component
12.3.5.3. North America System Integration Market, by Component
12.3.5.4. North America Testing Market, by Component
12.3.5.5. North America Others Market, by Component
12.3.6. North America Engineering Services Outsourcing Market, by Location
12.3.7. North America Engineering Services Outsourcing Market, by Application
12.3.8. U.S.
12.3.8.1. Market Size and Forecast
12.3.8.2. U.S. Engineering Services Outsourcing Market, by Component
12.3.8.3. U.S. Engineering Services Outsourcing Market, by Service
12.3.8.3.1. U.S. Designing Market, by Component
12.3.8.3.2. U.S. Prototyping Market, by Component
12.3.8.3.3. U.S. System Integration Market, by Component
12.3.8.3.4. U.S. Testing Market, by Component
12.3.8.3.5. U.S. Others Market, by Component
12.3.8.4. U.S. Engineering Services Outsourcing Market, by Location
12.3.8.5. U.S. Engineering Services Outsourcing Market, by Application
12.3.9. Canada
12.3.9.1. Market Size and Forecast
12.3.9.2. Canada Engineering Services Outsourcing Market, by Component
12.3.9.3. Canada Engineering Services Outsourcing Market, by Service
12.3.9.3.1. Canada Designing Market, by Component
12.3.9.3.2. Canada Prototyping Market, by Component
12.3.9.3.3. Canada System Integration Market, by Component
12.3.9.3.4. Canada Testing Market, by Component
12.3.9.3.5. Canada Others Market, by Component
12.3.9.4. Canada Engineering Services Outsourcing Market, by Location
12.3.9.5. Canada Engineering Services Outsourcing Market, by Application
12.3.10. Mexico
12.3.10.1. Market Size and Forecast
12.3.10.2. Mexico Engineering Services Outsourcing Market, by Component
12.3.10.3. Mexico Engineering Services Outsourcing Market, by Service
12.3.10.3.1. Mexico Designing Market, by Component
12.3.10.3.2. Mexico Prototyping Market, by Component
12.3.10.3.3. Mexico System Integration Market, by Component
12.3.10.3.4. Mexico Testing Market, by Component
12.3.10.3.5. Mexico Others Market, by Component
12.3.10.4. Mexico Engineering Services Outsourcing Market, by Location
12.3.10.5. Mexico Engineering Services Outsourcing Market, by Application
12.4. Europe
12.4.1. Europe Engineering Services Outsourcing Market
12.4.2. Market Size and Forecast
12.4.3. Europe Engineering Services Outsourcing Market
12.4.4. Europe Engineering Services Outsourcing Market, by Component
12.4.5. Europe Engineering Services Outsourcing Market, by Service
12.4.5.1. Europe Designing Market, by Component
12.4.5.2. Europe Prototyping Market, by Component
12.4.5.3. Europe System Integration Market, by Component
12.4.5.4. Europe Testing Market, by Component
12.4.5.5. Europe Others Market, by Component
12.4.6. Europe Engineering Services Outsourcing Market, by Location
12.4.7. Europe Engineering Services Outsourcing Market, by Application
12.4.8. Germany
12.4.8.1. Market Size and Forecast
12.4.8.2. Germany Engineering Services Outsourcing Market, by Component
12.4.8.3. Germany Engineering Services Outsourcing Market, by Service
12.4.8.3.1. Germany Designing Market, by Component
12.4.8.3.2. Germany Prototyping Market, by Component
12.4.8.3.3. Germany System Integration Market, by Component
12.4.8.3.4. Germany Testing Market, by Component
12.4.8.3.5. Germany Others Market, by Component
12.4.8.4. Germany Engineering Services Outsourcing Market, by Location
12.4.8.5. Germany Engineering Services Outsourcing Market, by Application
12.4.9. UK
12.4.9.1. Market Size and Forecast
12.4.9.2. UK Engineering Services Outsourcing Market, by Component
12.4.9.3. UK Engineering Services Outsourcing Market, by Service
12.4.9.3.1. UK Designing Market, by Component
12.4.9.3.2. UK Prototyping Market, by Component
12.4.9.3.3. UK System Integration Market, by Component
12.4.9.3.4. UK Testing Market, by Component
12.4.9.3.5. UK Others Market, by Component
12.4.9.4. UK Engineering Services Outsourcing Market, by Location
12.4.9.5. UK Engineering Services Outsourcing Market, by Application
12.4.10. France
12.4.10.1. Market Size and Forecast
12.4.10.2. France Engineering Services Outsourcing Market, by Component
12.4.10.3. France Engineering Services Outsourcing Market, by Service
12.4.10.3.1. France Designing Market, by Component
12.4.10.3.2. France Prototyping Market, by Component
12.4.10.3.3. France System Integration Market, by Component
12.4.10.3.4. France Testing Market, by Component
12.4.10.3.5. France Others Market, by Component
12.4.10.4. France Engineering Services Outsourcing Market, by Location
12.4.10.5. France Engineering Services Outsourcing Market, by Application
12.4.11. Italy
12.4.11.1. Market Size and Forecast
12.4.11.2. Italy Engineering Services Outsourcing Market, by Component
12.4.11.3. Italy Engineering Services Outsourcing Market, by Service
12.4.11.3.1. Italy Designing Market, by Component
12.4.11.3.2. Italy Prototyping Market, by Component
12.4.11.3.3. Italy System Integration Market, by Component
12.4.11.3.4. Italy Testing Market, by Component
12.4.11.3.5. Italy Others Market, by Component
12.4.11.4. Italy Engineering Services Outsourcing Market, by Location
12.4.11.5. Italy Engineering Services Outsourcing Market, by Application
12.4.12. Rest of Europe
12.4.12.1. Market Size and Forecast
12.4.12.2. Rest of Europe Engineering Services Outsourcing Market, by Component
12.4.12.3. Rest of Europe Engineering Services Outsourcing Market, by Service
12.4.12.3.1. Rest of Europe Designing Market, by Component
12.4.12.3.2. Rest of Europe Prototyping Market, by Component
12.4.12.3.3. Rest of Europe System Integration Market, by Component
12.4.12.3.4. Rest of Europe Testing Market, by Component
12.4.12.3.5. Rest of Europe Others Market, by Component
12.4.12.4. Rest of Europe Engineering Services Outsourcing Market, by Location
12.4.12.5. Rest of Europe Engineering Services Outsourcing Market, by Application
12.5. Asia Pacific
12.5.1. Asia Pacific Engineering Services Outsourcing Market
12.5.2. Market Size and Forecast
12.5.3. Asia Pacific Engineering Services Outsourcing Market
12.5.4. Asia Pacific Engineering Services Outsourcing Market, by Component
12.5.5. Asia Pacific Engineering Services Outsourcing Market, by Service
12.5.5.1. Asia Pacific Designing Market, by Component
12.5.5.2. Asia Pacific Prototyping Market, by Component
12.5.5.3. Asia Pacific System Integration Market, by Component
12.5.5.4. Asia Pacific Testing Market, by Component
12.5.5.5. Asia Pacific Others Market, by Component
12.5.6. Asia Pacific Engineering Services Outsourcing Market, by Location
12.5.7. Asia Pacific Engineering Services Outsourcing Market, by Application
12.5.8. China
12.5.8.1. Market Size and Forecast
12.5.8.2. China Engineering Services Outsourcing Market, by Component
12.5.8.3. China Engineering Services Outsourcing Market, by Service
12.5.8.3.1. China Designing Market, by Component
12.5.8.3.2. China Prototyping Market, by Component
12.5.8.3.3. China System Integration Market, by Component
12.5.8.3.4. China Testing Market, by Component
12.5.8.3.5. China Others Market, by Component
12.5.8.4. China Engineering Services Outsourcing Market, by Location
12.5.8.5. China Engineering Services Outsourcing Market, by Application
12.5.9. Japan
12.5.9.1. Market Size and Forecast
12.5.9.2. Japan Engineering Services Outsourcing Market, by Component
12.5.9.3. Japan Engineering Services Outsourcing Market, by Service
12.5.9.3.1. Japan Designing Market, by Component
12.5.9.3.2. Japan Prototyping Market, by Component
12.5.9.3.3. Japan System Integration Market, by Component
12.5.9.3.4. Japan Testing Market, by Component
12.5.9.3.5. Japan Others Market, by Component
12.5.9.4. Japan Engineering Services Outsourcing Market, by Location
12.5.9.5. Japan Engineering Services Outsourcing Market, by Application
12.5.10. India
12.5.10.1. Market Size and Forecast
12.5.10.2. India Engineering Services Outsourcing Market, by Component
12.5.10.3. India Engineering Services Outsourcing Market, by Service
12.5.10.3.1. India Designing Market, by Component
12.5.10.3.2. India Prototyping Market, by Component
12.5.10.3.3. India System Integration Market, by Component
12.5.10.3.4. India Testing Market, by Component
12.5.10.3.5. India Others Market, by Component
12.5.10.4. India Engineering Services Outsourcing Market, by Location
12.5.10.5. India Engineering Services Outsourcing Market, by Application
12.5.11. South Korea
12.5.11.1. Market Size and Forecast
12.5.11.2. South Korea Engineering Services Outsourcing Market, by Component
12.5.11.3. South Korea Engineering Services Outsourcing Market, by Service
12.5.11.3.1. South Korea Designing Market, by Component
12.5.11.3.2. South Korea Prototyping Market, by Component
12.5.11.3.3. South Korea System Integration Market, by Component
12.5.11.3.4. South Korea Testing Market, by Component
12.5.11.3.5. South Korea Others Market, by Component
12.5.11.4. South Korea Engineering Services Outsourcing Market, by Location
12.5.11.5. South Korea Engineering Services Outsourcing Market, by Application
12.5.12. Rest of Asia Pacific
12.5.12.1. Market Size and Forecast
12.5.12.2. Rest of Asia Pacific Engineering Services Outsourcing Market, by Component
12.5.12.3. Rest of Asia Pacific Engineering Services Outsourcing Market, by Service
12.5.12.3.1. Rest of Asia Pacific Designing Market, by Component
12.5.12.3.2. Rest of Asia Pacific Prototyping Market, by Component
12.5.12.3.3. Rest of Asia Pacific System Integration Market, by Component
12.5.12.3.4. Rest of Asia Pacific Testing Market, by Component
12.5.12.3.5. Rest of Asia Pacific Others Market, by Component
12.5.12.4. Rest of Asia Pacific Engineering Services Outsourcing Market, by Location
12.5.12.5. Rest of Asia Pacific Engineering Services Outsourcing Market, by Application
12.6. LAMEA
12.6.1. LAMEA Engineering Services Outsourcing Market
12.6.2. Market Size and Forecast
12.6.3. LAMEA Engineering Services Outsourcing Market
12.6.4. LAMEA Engineering Services Outsourcing Market, by Component
12.6.5. LAMEA Engineering Services Outsourcing Market, by Service
12.6.5.1. LAMEA Designing Market, by Component
12.6.5.2. LAMEA Prototyping Market, by Component
12.6.5.3. LAMEA System Integration Market, by Component
12.6.5.4. LAMEA Testing Market, by Component
12.6.5.5. LAMEA Others Market, by Component
12.6.6. LAMEA Engineering Services Outsourcing Market, by Location
12.6.7. LAMEA Engineering Services Outsourcing Market, by Application
12.6.8. Brazil
12.6.8.1. Market Size and Forecast
12.6.8.2. Brazil Engineering Services Outsourcing Market, by Component
12.6.8.3. Brazil Engineering Services Outsourcing Market, by Service
12.6.8.3.1. Brazil Designing Market, by Component
12.6.8.3.2. Brazil Prototyping Market, by Component
12.6.8.3.3. Brazil System Integration Market, by Component
12.6.8.3.4. Brazil Testing Market, by Component
12.6.8.3.5. Brazil Others Market, by Component
12.6.8.4. Brazil Engineering Services Outsourcing Market, by Location
12.6.8.5. Brazil Engineering Services Outsourcing Market, by Application
12.6.9. Argentina
12.6.9.1. Market Size and Forecast
12.6.9.2. Argentina Engineering Services Outsourcing Market, by Component
12.6.9.3. Argentina Engineering Services Outsourcing Market, by Service
12.6.9.3.1. Argentina Designing Market, by Component
12.6.9.3.2. Argentina Prototyping Market, by Component
12.6.9.3.3. Argentina System Integration Market, by Component
12.6.9.3.4. Argentina Testing Market, by Component
12.6.9.3.5. Argentina Others Market, by Component
12.6.9.4. Argentina Engineering Services Outsourcing Market, by Location
12.6.9.5. Argentina Engineering Services Outsourcing Market, by Application
12.6.10. Saudi Arabia
12.6.10.1. Market Size and Forecast
12.6.10.2. Saudi Arabia Engineering Services Outsourcing Market, by Component
12.6.10.3. Saudi Arabia Engineering Services Outsourcing Market, by Service
12.6.10.3.1. Saudi Arabia Designing Market, by Component
12.6.10.3.2. Saudi Arabia Prototyping Market, by Component
12.6.10.3.3. Saudi Arabia System Integration Market, by Component
12.6.10.3.4. Saudi Arabia Testing Market, by Component
12.6.10.3.5. Saudi Arabia Others Market, by Component
12.6.10.4. Saudi Arabia Engineering Services Outsourcing Market, by Location
12.6.10.5. Saudi Arabia Engineering Services Outsourcing Market, by Application
12.6.11. South Africa
12.6.11.1. Market Size and Forecast
12.6.11.2. South Africa Engineering Services Outsourcing Market, by Component
12.6.11.3. South Africa Engineering Services Outsourcing Market, by Service
12.6.11.3.1. South Africa Designing Market, by Component
12.6.11.3.2. South Africa Prototyping Market, by Component
12.6.11.3.3. South Africa System Integration Market, by Component
12.6.11.3.4. South Africa Testing Market, by Component
12.6.11.3.5. South Africa Others Market, by Component
12.6.11.4. South Africa Engineering Services Outsourcing Market, by Location
12.6.11.5. South Africa Engineering Services Outsourcing Market, by Application
12.6.12. Rest of LAMEA
12.6.12.1. Market Size and Forecast
12.6.12.2. Rest of LAMEA Engineering Services Outsourcing Market, by Component
12.6.12.3. Rest of LAMEA Engineering Services Outsourcing Market, by Service
12.6.12.3.1. Rest of LAMEA Designing Market, by Component
12.6.12.3.2. Rest of LAMEA Prototyping Market, by Component
12.6.12.3.3. Rest of LAMEA System Integration Market, by Component
12.6.12.3.4. Rest of LAMEA Testing Market, by Component
12.6.12.3.5. Rest of LAMEA Others Market, by Component
12.6.12.4. Rest of LAMEA Engineering Services Outsourcing Market, by Location
12.6.12.5. Rest of LAMEA Engineering Services Outsourcing Market, by Application
13.1. STRATEGIC MOVE ANALYSIS
13.1.1. Top Winning Strategies by Year, 2021-2023
13.1.2. Top Winning Strategies by Development
13.1.3. Number Of Winning Strategies, by Company, 2021-2023
13.1.4. Top Winning Strategies, by Company, 2021-2023
13.2. Vendor Landscape
13.2.1. List of Buyers
13.2.2. List of Suppliers
13.3. Recent Developments by the Market Participants (2023)
14.1. ALTEN Group
14.1.1. Company Overview
14.1.2. Company Snapshot
14.1.3. Business Overview
14.1.4. Service Benchmarking
14.1.5. Strategic Growth
14.2. Lightbend
14.2.1. Company Overview
14.2.2. Company Snapshot
14.2.3. Business Overview
14.2.4. Product Portfolio
14.2.5. Strategic Growth
14.3. Capgemini
14.3.1. Company Overview
14.3.2. Company Snapshot
14.3.3. Financial Performance
14.3.4. Business Overview
14.3.5. Product Portfolio
14.3.6. Strategic Growth
14.3.7. SWOT Analysis
14.4. Entelect
14.4.1. Company Overview
14.4.2. Company Snapshot
14.4.3. Business Overview
14.4.4. Service Benchmarking
14.4.5. Strategic Growth
14.5. HCL Technologies Limited
14.5.1. Company Overview
14.5.2. Company Snapshot
14.5.3. Financial Performance
14.5.4. Business Overview
14.5.5. Product Portfolio
14.5.6. Strategic Growth
14.5.7. SWOT Analysis
14.6. Infosys Limited
14.6.1. Company Overview
14.6.2. Company Snapshot
14.6.3. Financial Performance
14.6.4. Business Overview
14.6.5. Service Benchmarking
14.6.6. Strategic Growth
14.6.7. SWOT Analysis
14.7. Tata Elxsi
14.7.1. Company Overview
14.7.2. Company Snapshot
14.7.3. Business Overview
14.7.4. Service Benchmarking
14.7.5. Strategic Growth
14.7.6. SWOT Analysis
14.8. TATA Consultancy Services Limited
14.8.1. Company Overview
14.8.2. Company Snapshot
14.8.3. Financial Performance
14.8.4. Business Overview
14.8.5. Service Benchmarking
14.8.6. Strategic Growth
14.8.7. SWOT Analysis
14.9. Tech Mahindra Limited
14.9.1. Company Overview
14.9.2. Company Snapshot
14.9.3. Financial Performance
14.9.4. Business Overview
14.9.5. Service Benchmarking
14.9.6. Strategic Growth
14.9.7. SWOT Analysis
14.10. Wipro
14.10.1. Company Overview
14.10.2. Company Snapshot
14.10.3. Financial Performance
14.10.4. Business Overview
14.10.5. Service Benchmarking
14.10.6. Strategic Growth
14.10.7. SWOT Analysis
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