DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Engineering Services Outsourcing Market 2016-2020" report to their offering.
The global engineering services outsourcing market to grow at a CAGR of 25.68% during the period 2016-2020.
The report, Global Engineering Services Outsourcing Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Automation in engineering services has triggered the usage of AI technology. AI-powered engineering solutions help to resolve various stages of design and development of engineering products. Automation in engineering services helps an organization to reduce cost by 35%-45%. Leading vendors in the market have invested in the development of engineering services powered by AI technologies.
According to the report, advanced IT solutions such as AI and machine learning are driven by automation in the various stages of product engineering phases. The traditional IT services are not capable of making innovative products to improve performance. The need to replace legacy automation systems with new highly efficient automation solutions for process improvements is one of the primary drivers in the market.
- HCL Technologies
- Tech Mahindra
Other prominent vendors
- Tata Elxsi
- QuEST Global
- Symphony Teleca
- Tech Mahindra
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by services
Part 07: Market segmentation by end-user
Part 08: Market segmentation by outsource destinations
Part 09: Geographical segmentation
Part 10: Market drivers
Part 11: Impact of drivers
Part 12: Market challenges
Part 13: Impact of drivers and challenges
Part 14: Market trends
Part 15: Vendor landscape
Part 16: Key vendor profile
Part 17: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/zzsrpm/global