DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/pvmcgd/global) has announced the addition of the "Global Engineering Services Outsourcing 2015-2019" report to their offering.
This new report expects the global engineering services outsourcing (ESO) to grow at a CAGR of close to 27% until 2019.
Due to the lack of expertise and increasing pressure to reduce costs, companies have started outsourcing their engineering services requirements. The inherent benefits of cost advantages offered by engineering services outsourcing is a key criteria for businesses, and India being able to offer both of these due to its people strength with good match of skill sets required for engineering services has a emerged as an attractive destination in this market.
Countries such as Philippines, Thailand, Malaysia and Singapore among others are also considered as emerging, dominant outsourcing destinations in the market. China is another major destination for ESO, and it held a market share of close to 15% in 2014.
China offers a stronger infrastructure and manufacturing base compared to India. However, a large English-speaking population, liberal economic policies, a favorable political and legal system, and a relatively stronger protection of IP are some of the reasons why India is still a dominant player in the market.
Protecting IP is one of the major challenges confronting the Global ESO market. Outsourcing engineering tasks to other countries raises IP concerns, given the several risks associated with theft, or misuse of trade secrets, or loss of IP rights.
- Aricent Group
- Tata ELXSI
- Infotech Enterprises
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 service
PART 07: Market segmentation by vertical
PART 08: Market segmentation by outsourced 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 analysis
For more information visit http://www.researchandmarkets.com/research/pvmcgd/global