According to the report by Expert Market Research (EMR), the global engineering services outsourcing (ESO) market size is projected to grow at a CAGR of 30.1% between 2023 and 2028. Aided by the growth of the ESO industry and the growing adoption of outsourcing of engineering services, the market is expected to grow significantly by 2028.
Engineering Services Outsourcing (ESO) involves delegating engineering tasks such as product design, prototyping, testing, and support services to third-party service providers. These services provide vital support to enterprises across various industries, including automotive, aerospace, telecom, and healthcare, by improving product quality, reducing time-to-market, and fostering innovation. Furthermore, ESO services demonstrate outstanding capabilities in enhancing operational efficiency, optimising resource utilisation, and driving business growth.
The rising emphasis on cost-effective operations is propelling the global engineering services outsourcing (ESO) market expansion. Companies across the globe are increasingly adopting ESO as a strategic tool to reduce operational expenses, boost business efficiency, and gain a competitive edge. As a result, there has been a substantial surge in demand for ESO services, especially from small and medium-sized enterprises (SMEs) seeking to leverage advanced engineering capabilities without the burden of high capital expenditure.
Get a Free Sample Report with Table of Contents: https://www.expertmarketresearch.com/reports/engineering-services-outsourcing-market/requestsample
Moreover, the technological advancements in engineering have substantially expanded the applications of ESO, contributing to its increasing popularity. ESO services are playing an integral role in the deployment and management of advanced technologies such as the Internet of Things (IoT), Artificial Intelligence (AI) and Machine Learning (ML). As these technologies continue to reshape the industrial landscape, the demand for specialised ESO services to navigate these transformations effectively will likely surge.
Moreover, the burgeoning digital transformation trend worldwide is providing a significant boost to the engineering services outsourcing (ESO) market growth. As businesses increasingly shift towards digital platforms and processes, the demand for ESO services to facilitate this transition is on the rise. From cloud migration to digital product development, ESO services are playing a crucial role in enabling digital transformation across businesses.
Additionally, the rise of Industry 4.0 and the ensuing emphasis on automation, data exchange, and digital manufacturing technologies is further propelling the engineering services outsourcing (ESO) market. As businesses seek to align their operations with these latest industrial trends, ESO services that offer expertise in these areas are in high demand.
Read Full Report with Table of Contents: https://www.expertmarketresearch.com/reports/engineering-services-outsourcing-market
Market Segmentation
The market can be divided based on application, location type, and region.
Market Breakup by Application
• Aerospace
• Automotive
o Designing
o Prototyping
o System Integration
o Testing
• Construction
• Consumer Electronics
• Semiconductors
• Pharmaceuticals
• Telecom
• Others
Market Breakup by Location Type
• On-Shore
• Off-Shore
Market Breakup by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global engineering services outsourcing (ESO) companies. Some of the major key players explored in the report by Expert Market Research are as follows:
• Alten S.A
• Altair Engineering Inc.
• Capgemini SE
• ASAP Holding GmbH
• AVL List GmbH
• International Business Machines Corporation
• Others
Related Reports:
Electric Bike Market: https://www.marketwatch.com/press-release/electric-bike-market-size-share-price-trends-growth-analysis-report-forecast-2023-2028-2023-04-06?mod=search_headline
Polyglycerol Market: https://www.marketwatch.com/press-release/polyglycerol-market-price-trends-size-share-growth-analysis-report-forecast-2023-2028-2023-04-07?mod=search_headline
Ambulatory Services Market: https://www.marketwatch.com/press-release/ambulatory-services-market-share-size-trends-price-growth-analysis-report-forecast-2023-2028-2023-04-11?mod=search_headline
Calcium Chloride Market: https://www.marketwatch.com/press-release/calcium-chloride-market-trends-price-share-size-growth-analysis-report-forecast-2023-2028-2023-04-18?mod=search_headline
About Us
Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.
EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.
Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.
Media Contact:
Company Name: Claight Corporation
Contact Person: John Walker, Corporate Sales Specialist – U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: https://www.expertmarketresearch.com
