New Report: Engineering Services Outsourcing (ESO) Market Expected to Reach $415.74 Billion by 2020

GrandViewResearch's picture
Printer-friendly versionPrinter-friendly versionPDF versionPDF version

Grand View Research Has Announced The latest Addition Of "Engineering Services Outsourcing (ESO) Market Trends & Forecasts To 2020" Market Research Report To Their Database



San Francisco, California, USA., September 1, 2014 - (PressReleasePoint) - The global engineering services outsourcing (ESO) market is expected to reach USD 415.74 billion by 2020, according to a new study by Grand View Research, Inc. Increased cost pressures on global firms resulting in constrained R&D budgets is 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.
 
The report “Engineering Services Outsourcing Market Analysis By End-Use (Aerospace, Automotive, Construction, Consumer Electronics, Semiconductors, Pharmaceuticals, Telecom) And Segment Forecasts To 2020,” is available now to Grand View Research customers
at http://www.grandviewresearch.com/industry-analysis/engineering-services-outsourcing-market
 
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.
• Key industry participants include HCL Technologies Ltd, Wipro, Tata Consultancy Services and Infosys Ltd. Other companies operating in the market include VanceInfo Technologies Inc., Tata ELXSI, QuEST Global, MindTree Ltd., KPIT Cummins Infosystems Ltd., Infotech Enterprises Ltd., IGATE Corp., GlobalLogic, EPAM Services, Cybage Software Pvt. Ltd., Calsoft Labs, Aricent Group, etc.

Browse All Reports Of this Category @ http://www.grandviewresearch.com/industry/communication-services
 
About Grand View Research
 
Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit http://www.grandviewresearch.com/
 
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Email: sales@grandviewresearch.com

Press Contact:
Sherry James
Grand View Research, Inc. 28 2nd Street, Suite 3036 San Francisco, CA 94105 United States
14153490058
http://www.grandviewresearch.com/
*****@**a**v**w**s**r**.com
Email partially hidden to block spam. Please use the contact form here.
Contact Sherry James


News Source : New Report: Engineering Services Outsourcing (ESO) Market Expected to Reach $415.74 Billion by 2020
Copy this html code to your website/blog to embed this press release.

Comments

Post new comment

15 + 2 =